1922 $20 St. Gaudens (1922 Saint Gaudens) NGC MS65. Clean surfaces and a solid strike characterize this gem 1922 Saint Gaudens double eagle. Subdued mint luster emanates from within the devices. No marks worthy of individual mention are found on the coin. The reverse strike is especially notable on the suns rays, which are often weak.
In the 1920s, large amounts of 1922 double eagles were exported to Europe. They subsequently came back and are abundantly available in grades from AU to MS64.

Low relief double eagles were first issued in 1907. They continued until 1933, when all gold production stopped. The low relief coins had Arabic numerals for the date instead of the Roman numerals seen on the previous two issues. In 1908, despite President Roosevelts preferences to the contrary, the motto IN GOD WE TRUST was added to the reverse. In 1912 two stars were added to the obverse of the coin to correspond with the new states added to the Union.
A tribute to the permanence of the design is the modern Gold American Eagle bullion program, which uses a modification of the Saint-Gaudens double eagle. It is exceedingly popular with investors and has replaced the Union of South Africa Kugerrand.