$20 Gold Double Eagle Liberty Head - Extra Fine XF (Random Year)

$20 Gold Double Eagle Liberty Head - Extra Fine XF (Random Year)

The California Gold Rush in 1849 opened a flood gate for gold. The abundance of gold allowed the United States Government to take a historic and important decision that is to mint gold coins with higher denomination. Till that time, $10 Gold Eagle was the highest denomination used in trade, which made huge transactions cumbersome. So the Congress came up with double the higher denomination and authorized US Mint to strike $20 Gold Double Eagle coins.

After passing the Gold Dollar Bill in 1849, US Mint first minted two pattern coins of $20 Double Eagle of which one rests in the National Numismatic Collection at the Smithsonian Institution in Washington, D.C. The whereabouts of the second pattern coin is unknown so far. In 1850, US Mint began production of these coins for commerce.

Once it was released, it became an instant success with the public and was used efficiently by banks and merchants alike. It led to easier transactions of huge amounts. Chief Engraver James B. Longacre was given the responsibility of designs for the coin, which are elegant and have high collectible value. The Gold Double Eagle Liberty Head coins were struck from 1850 to 1907, and the succeeding year was replaced by an updated and new design known as the $20 Gold Double Eagle Saint Gaudens.

President Franklin Roosevelt’s 1933 Executive Order 6102 required people to turn in their gold coins and bullions to the US Treasury during the time of the Great Depression. A majority of these coins were melted down to make gold bars. Due to this event very scarce amount of the $20 Gold Double Eagle Liberty Heads are remaining throughout the world. Due to their scarcity, they have very high demand by collectors as well as investors.

Coin Features:

• Contains .9675 Troy Ounce of .900 pure gold.
• Extra Fine (XF) 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.

Due to its high scarcity because of President Roosevelt’s 1933 call-in and its high potential for a profitable premium increase, these are a much desired commodity by investors and collectors alike. Do not let go of a chance to own one of the most sought-after gold coins in the world. Be a proud owner of $20 Double Eagle now!

Browse through our attractive array of Pre-1933 US Gold coin collection.

More items like this:

1907 $20 Gold Saint Gaudens Double Eagle Coin NGC MS 63

1880 S $20 Liberty Head Double Eagle Gold Coin NGC MS 61

1922 $20 Gold St. Gaudens Double Eagle Coin NGC MS 62

Gold at Spot - $20 Gold Double Eagle Liberty Head - Extra Fine XF (Random Year)

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