1925 $20 (Regular Strike)

Series: St. Gaudens $20 1907-1933

PCGS MS67+

PCGS MS67+

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PCGS MS67

PCGS MS67

PCGS MS67

PCGS MS67

PCGS #:
9180
Designer:
Augustus Saint Gaudens
Edge:
Lettered
Diameter:
34.00 millimeters
Weight:
33.40 grams
Mintage:
2,831,750
Mint:
Philadelphia
Metal:
90% Gold, 10% Copper
Major Varieties

Die Varieties

Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades 241,666 R-1.8 45 / 49 TIE 49 / 54 TIE
60 or Better 215,000 R-1.8 46 / 49 50 / 54
65 or Better 27,500 R-2.7 46 / 49 50 / 54
Survival Estimate
All Grades 241,666
60 or Better 215,000
65 or Better 27,500
Numismatic Rarity
All Grades R-1.8
60 or Better R-1.8
65 or Better R-2.7
Relative Rarity By Type All Specs in this Type
All Grades 45 / 49 TIE
60 or Better 46 / 49
65 or Better 46 / 49
Relative Rarity By Series All Specs in this Series
All Grades 49 / 54 TIE
60 or Better 50 / 54
65 or Better 50 / 54

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 PCGS MS67+

As PCGS MS67 #21895711. “The Kutasi Collection,” Heritage Auctions, January 4, 2007, Lot 3296 – $23,000. As PCGS MS67 #16342398. “The Dr. and Mrs. Steven L. Duckor Collection,” Heritage Auctions, January 5, 2012, Lot 4638 – $29,900; “The Warren Collection,” Heritage Auctions, May 5, 2022, Lot 4097 – $132,000; "The Elite Collection" (PCGS Set Registry). Toning spot on the right eye. Copper spot between rays 10 and 11.

2 PCGS MS67

Stack's Bowers, June 21, 2024, Lot 3216 - $38,400; Stack's Bowers, April 9, 2025, Lot 3225 - $26,400. Orange-gold toning spot to the left of the torch. Blue toning above the Capitol building. Toning spot on first S of STATES.

2 PCGS MS67

As PCGS MS67 #3736457. “The Paul Taylor Collection of Finest Known PCGS Registry Gold Type Sets,” Heritage Auctions, January 12, 2005, Lot 30652 – $32,200. As PCGS MS67 #45420973. “The Bob R. Simpson Collection, Part IX,” Heritage Auctions, August 22, 2022, Lot 3416 – $31,200. Faint swirling toning. A tiny toning spot below R of LIBERTY. Copper spots on the eagle’s wings. Light mark across rays 5-7 on the reverse. 

2 PCGS MS67

“The Rollo Fox Collection of $20 Saint-Gaudens Gold,” Heritage Auctions, January 9, 2020, Lot 4039 – $21,600; Dell Loy Hansen; "D.L. Hansen Collection" (PCGS Set Registry). Two faint marks to the right of Liberty's torso. Toning streak under U of UNITED. Copper-red toning spot near the tip of eagle's left wing.

2 PCGS MS67

Heritage Auctions, June 3, 2011, Lot 5234 – $32,200. Light. mark across rays 11 and 12. Small diagonal mark below O of GOD.

2 PCGS MS67

As PCGS MS67 #21011794: Heritage Auctions, January 5, 2006, Lot 3614 – $21,850; “The Stephen Stokely Collection, Part Five,” Heritage Auctions, July 31, 2008, Lot 2116 – $27,600. As PCGS MS67 #58469326. Toning spot on eagle's right feature under S of DOLLARS. Light vertical mark on sun under W.

2 PCGS MS67

As PCGS MS67 #2561735: “The Phillip H. Morse Collection of Saint-Gaudens Coinage,” Heritage Auctions, November 3, 2005, Lot 6673 – $23,000; "The Bella Collection" (PCGS Set Registry); "The Joseph Nyzio Saints" (PCGS Set Registry). Small vertical planchet void below Y of TWENTY. Diagonal mark on eagle's right wing.

2 PCGS MS67

"The Hanalei Bay Saint Collection" (PCGS Set Registry). Streaks of copper-orange toning on the obverse and reverse. Toning spot on the eagle's leg.

2 PCGS MS67
2 PCGS MS67
2 PCGS MS67
2 PCGS MS67
2 PCGS MS67
#1 PCGS MS67+

As PCGS MS67 #21895711. “The Kutasi Collection,” Heritage Auctions, January 4, 2007, Lot 3296 – $23,000. As PCGS MS67 #16342398. “The Dr. and Mrs. Steven L. Duckor Collection,” Heritage Auctions, January 5, 2012, Lot 4638 – $29,900; “The Warren Collection,” Heritage Auctions, May 5, 2022, Lot 4097 – $132,000; "The Elite Collection" (PCGS Set Registry). Toning spot on the right eye. Copper spot between rays 10 and 11.

#2 PCGS MS67

Stack's Bowers, June 21, 2024, Lot 3216 - $38,400; Stack's Bowers, April 9, 2025, Lot 3225 - $26,400. Orange-gold toning spot to the left of the torch. Blue toning above the Capitol building. Toning spot on first S of STATES.

#2 PCGS MS67

As PCGS MS67 #3736457. “The Paul Taylor Collection of Finest Known PCGS Registry Gold Type Sets,” Heritage Auctions, January 12, 2005, Lot 30652 – $32,200. As PCGS MS67 #45420973. “The Bob R. Simpson Collection, Part IX,” Heritage Auctions, August 22, 2022, Lot 3416 – $31,200. Faint swirling toning. A tiny toning spot below R of LIBERTY. Copper spots on the eagle’s wings. Light mark across rays 5-7 on the reverse. 

#2 PCGS MS67

“The Rollo Fox Collection of $20 Saint-Gaudens Gold,” Heritage Auctions, January 9, 2020, Lot 4039 – $21,600; Dell Loy Hansen; "D.L. Hansen Collection" (PCGS Set Registry). Two faint marks to the right of Liberty's torso. Toning streak under U of UNITED. Copper-red toning spot near the tip of eagle's left wing.

#2 PCGS MS67

Heritage Auctions, June 3, 2011, Lot 5234 – $32,200. Light. mark across rays 11 and 12. Small diagonal mark below O of GOD.

#2 PCGS MS67

As PCGS MS67 #21011794: Heritage Auctions, January 5, 2006, Lot 3614 – $21,850; “The Stephen Stokely Collection, Part Five,” Heritage Auctions, July 31, 2008, Lot 2116 – $27,600. As PCGS MS67 #58469326. Toning spot on eagle's right feature under S of DOLLARS. Light vertical mark on sun under W.

#2 PCGS MS67

As PCGS MS67 #2561735: “The Phillip H. Morse Collection of Saint-Gaudens Coinage,” Heritage Auctions, November 3, 2005, Lot 6673 – $23,000; "The Bella Collection" (PCGS Set Registry); "The Joseph Nyzio Saints" (PCGS Set Registry). Small vertical planchet void below Y of TWENTY. Diagonal mark on eagle's right wing.

#2 PCGS MS67

"The Hanalei Bay Saint Collection" (PCGS Set Registry). Streaks of copper-orange toning on the obverse and reverse. Toning spot on the eagle's leg.

#2 PCGS MS67
#2 PCGS MS67
#2 PCGS MS67
#2 PCGS MS67
#2 PCGS MS67
Charles Morgan:

1925 Saint-Gaudens Double Eagle

By 1925, gold coins had largely vanished from daily circulation in the United States. Instead, the government utilized these issues for two primary purposes: facilitating international trade settlements and backing U.S. Gold Certificates.

While the Philadelphia Mint produced the 11th-largest issuance of the series in 1925, its output was eclipsed by the Denver and San Francisco Mints. Because a majority of these Philadelphia coins were stored in overseas vaults, they escaped the mass meltings following the Gold Reserve Act of 1934. Consequently, the 1925 Philadelphia Double Eagle (#9180) is one of the most accessible and affordable dates for modern collectors. Out of an estimated survival population of 250,000 pieces, from which more than 60,000 have been certified by PCGS.

Collecting the 1925 Saint-Gaudens Double Eagle

The 1925 Saint-Gaudens Double Eagle sits comfortably within a run of dates that are approachable for both gold bullion stackers and numismatic collectors. Exported in bulk during the early 20th century, large quantities of these repatriated coins now flow through the market, often trading for a modest "numismatic premium" over prevailing spot prices.

Collector grades typically begin at PCGS MS62 and continue through MS65. Beyond this level, conditional scarcity becomes a significant factor—though the current bullish gold market has caused some price compression, making PCGS MS66 examples comparatively affordable.

At the PCGS MS67 level, the 1925 Saint is elevated to a true connoisseur’s coin. While every specimen at this grade is beautiful, each also represents a unique balance of characteristics; serious collectors should weigh their own personal aesthetic preferences alongside our expert grading opinions.

Noteworthy Specimens

The Kutasi-Duckor-Elite specimen has been widely regarded as the finest known example of this issue for over twenty years. Initially graded PCGS MS67 during the "pre-plus" era, the coin last appeared at auction in 2022, where it realized a record-breaking $132,000. It has since been designated PCGS MS67+ and currently stands as the sole highest-graded example.

Additionally, a small hoard of Gem to Superb Gem examples surfaced around 2010. These coins are easily identifiable by a distinct die crack cluster appearing through the word LIBERTY on the obverse.

Double Die Reverse

While Saint-Gaudens Double Eagle varieties and mint errors are rare, the series features one significant Cherrypickers' Guide variety: the FS-801 Doubled Die Reverse (#145743). This variety exhibits distinct doubling on the eagle’s legs and wing feathers.

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