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Friday, 24th July 2009 (1058 views)

US collectors will soon be able to buy more editions of a rare gold coin popular with collectors.

From next week, the order limit on the Ultra High Relief Saint-Gaudens $20 gold piece will be raised from one to ten, Numismatic News reports.

The design features greater relief and detail than the standard $20 coin and was originally the brainchild of former president Theodore Roosevelt, who wanted to create a coinage as fine as that of ancient Greece.

However the relief on the coin was impractical for banking and none were released for sale until this year.

Updated for 2009, the design now features four extra stars to include the current 50 states, as well as the inscription 'In God We Trust'.

Sales began in January and the order limit was introduced by the US Mint to ensure that interested collectors would have a chance to buy the coin.

The last six months have seen 70,385 of the coins bought and the mint now believes that distribution has been satisfactorily wide.

 

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