The 20 dollar gold coin
In the mid to early 1900s the United States mint issued a 20 dollar gold coin this part of the overall currency supply. The $20 gold coin represented $20 worth of value in gold. This was back when our currency actually had value. This claim was considered the workhorse of coins and generally exchanged internationally as well as in the US banking system.
The 20 dollar gold coin was recalled by the United States government in 1933 to be melted into were destroyed forever. The only survivors were those that had hidden away during this historic period of time. Today, there was only a small amount of original minted coins from the time period of 1838 to 1933. These are the survivor coins. All of your serious collectors recognize that many of the dates are extremely rare because of this. Therefore, the $20 gold coin is extremely desirable and often hoarded for investors collections.
The most popular $20 gold coin is the St. Gaudens. This is said to be the most beautiful coin ever minted. Besides the intrinsic value of an old coin, many people have jumped on the bandwagon to hedge their portfolio against currency debasement. Many people have chosen gold is the ultimate hedge.
There is currently a divergence going on in the marketplace between spot price of gold and the actual physical gold itself. The $20 gold coin is currently trading at well above the spot price. This is because the 20 dollar gold coin is highly desirable. It is also easy to store massive amounts of wealth inside these coins. They’re easy to store and have proven to be an exceptional investment.