1923 $20 St. Gaudens. ANACS graded MS-63. Lightly toned. In the days when the U.S. was on a gold standard, $20 gold coins were kept in bank vaults for the most part. They served as backing for the paper money and checking deposits, which required 40% backing by law. Today America has only a tiny percentage of gold backing the hugely increased money supply, which is why we experience periodic bouts of inflation and currency debasement (PCGS # 9175) . Estimated Value $1,350 - 1,400. Categories:
altro