$20 Gold Double Eagle Liberty Head Type I - Very Fine VF (Random Year, 1850-1866)

$20 Gold Double Eagle Liberty Head Type I - Very Fine VF (Random Year, 1850-1866)

History:

The California Gold Rush in 1849 lead to an influx of gold that came from the California gold mines. The abundancy of gold prompted US Government to issue gold coins having higher denomination to simplify its huge transactions. $10 used to be the highest denomination until then. After passing the Gold Dollar Bill in 1849, Congress authorized US Mint to issue $20 Gold coins. Since their denomination was double than the $10 coin, it was named the Double Eagle.

In 1849, the US Mint first issued two $20 Double Eagles pieces in proof. One of it resides in the Smithsonian Institution in Washington D.C. The other was presented to the Treasury Secretary, William M Meredith, which was later sold as part of his estate. The coin’s present location is unknown. In 1850, the regular production of Double Eagle Liberty Head Gold coins began and continued till 1933.

Coin Features:

• Contains .9675 Troy Ounce of .900 pure gold.
• Eligible for Precious Metals IRA.
• Polished or Cleaned Condition.
• Obverse - A design by James B Longacre, depicts leftward facing Lady Liberty wearing a pearl-studded Coronet with “LIBERTY” inscribed on it. Encircled by 13 stars to represent 13 original colonies of US. At the bottom is year of mintage.
• Reverse -  Features a heraldic eagle with a shield on its breast and holding olive branches and arrows in its talons, design inspired from the Great Seal of United States. Words “IN GOD WE TRUST” surrounded by 13 stars above the eagle. Inscriptions – “UNITED STATES OF AMERICA” and “TWENTY DOLLARS.”
• Individual coins will be shipped in protective plastic flips. Higher numbers will be packed safe for shipping.
• Dates will be chosen randomly and are determined by our available inventory on hand.
• U.S. Mint issue from the following mints: Philadelphia, Denver, Carson City, San Francisco, or New Orleans.

Why Should You Buy It?

• Widen your investment portfolio by buying these coins.
• Coin with great investment and collectible value due to its bullion content, age and significance.
• Depending on the coin’s condition and supply, they can fetch a high premium.
• These coins are considered heirlooms and collector’s items, hence there is a protection from seizure by the United States Treasury by Law.

These double eagles are quite rare, and fall under the category of Pre-1933 US Gold Coins, and possess even higher numismatic value in the near future. These are great collector’s item, and certainly a good choice for an heirloom.

Like all of our other gold coins, this one is guaranteed to be 100% authentic. Item will be wrapped and packaged safe for delivery.

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• $20 Gold Double Eagle Liberty Head Type I - Ex-Jewelry (Random Year, 1850-1866)