Why buy 20 Dollars Liberty Head Gold Coin ?
This vintage coin is a great investment choice for people seeking American Gold Coins. The 20 Dollars Liberty Head is a gold coin that circulated in the U.S more than 100 years ago. However, many of these coin have been melted over the years. This adds collectibility to a classic Gold Coin. You can enhance your collection by adding this $20 Liberty Gold Double Eagle to your cart today !
It is hard to determine the real value of a 20 Dollars Liberty Head. This coin has been in the market for so long that they are now becoming scarcer. Therefore, the 20 Dollars Gold Liberty is likely to increase in value overtime. GERRARDS makes it easy to add historical U.S. Gold to your investment portfolio or numismatic collection.
Why 20 Dollars Liberty Head are more expensive than other bullion coins ?
Back in the days, the 20 Dollars gold coin had a face value closely related to the gold price. Produced for only 57 years in U.S (1850 – 1907), the $20 Liberty gold coin holds a far greater value compared to its inherent gold content. You will rarely find this gold coin selling for less than £1,000, even in poor condition.
Some 20 Dollars Liberty Head can sell at around £2,000 in Fine grade. However, the price can go even higher for other versions of this coin. To illustrate, a 20 Dollars Liberty Head 1891 CC can be purchased for no less than $5,000, even in the poorest condition. In fact, the 20 Dollars Liberty Head is mostly sought by collectors in Uncirculated Condition. Such grade are now relatively rare and extremely expensive for this american gold coin.
The 20 Dollars Liberty Head was the first Double Eagle Gold Coin design in the history of United States.
Brief History of the 20 Dollars Liberty Head
In the year 1840s, the $10 Gold Liberty Eagle was the highest denomination of U.S coins. But in 1848, people in United States rushed to California in search of gold, after hearing its discovery at Sutter’s Mill in Coloma. As a result, the American Congress decided to create new denominations of American Gold Coins. The Liberty Head Gold Coin was named ‘Double Eagle’ because it was twice the legal tender value of the 10 Dollars Gold Eagle. This coin is also known as the Liberty Coronet Double Eagle.
The 20 Dollars Liberty Head was the largest circulating coin during the late 1840s in United States. Back in the 1800s, a $20 Liberty Head was able to buy a lot and had a great purchasing power. These shows how powerful and useful were these coins back in the day.
First produced in 1849, it was minted in three types:
- Type I “No Motto” variety (1850-1866)
- Type II variety with “Twenty D” on the reverse (1866-1876)
- Type III variety with “Twenty Dollars” spelled out (1877-1907)
The motto “In God We Trust” was added to the coins in accordance with an 1865 Act of Congress. The 20 Dollars Gold Eagle was introduced due to the influx of gold from the California Gold Rush. In was manufactured from 1850 to 1907 in various mints, such as Philadelphia, Carson City, Denver, New Orleans or San Francisco.
The somewhat large coin is interesting because it was one of the first of its kind, and a coin that had a face value higher than most others ever produced by the US Mint. For this reason, it is a bit more special than your average gold coin from the same era.
In 1933, the Mint discontinued the production of 20 Dollars Double Eagle, as gold was made illegal by a presidential executive order.