The last New Orleans mint Type 1 $20 Liberty was struck in 1861.

The San Francisco mint issues began in 1854, the year this western mint first opened. Regular production of $20 gold coins for circulation commenced in 1850 at the Philadelphia and New Orleans mints. One currently resides in the national collection at the Smithsonian Institution. It is thought only two coins were struck dated 1849 (perhaps several others as well). $20 gold coins ever made were the Type 1 $20 Liberty double eagles, minted in 1849. Mint over the course of their history, Type 1, Type 2, and Type 3. $20 Liberty Double Eagle gold coins were produced in three varieties by the U.S. Type 1 $20 Liberty Gold Double Eagles, 'No Motto' The new $20 Liberty gold pieces quickly were dubbed 'Double Eagles' because they were twice the size of the established and popular $10 Gold Eagles. Government had been the $10 Gold Eagle, first struck in 1795. Prior to 1849, the largest gold coin issued by the U.S.

9675 oz., so that the value of its weight in pure gold would be equal to its $20 denomination. The gold content of the Double Eagle was fixed at. And unlike modern bullion coins, $20 Liberty gold coins offer financial privacy because they are exempt from broker reporting requirements to the IRS.ĭuring the time of the $20 Liberty's issue, the price of gold was fixed by law at $20.67 an ounce. Because of their true scarcity and strong collector demand they can appreciate in a rising gold market much faster than gold bullion. Today, due to their limited numbers and worldwide popularity, $20 Liberty gold double eagles are avidly sought by coin collectors and gold investors looking for extra leverage to the gold price. The classic portrait of Miss Liberty on the coin's obverse and the bold heraldic Eagle on its reverse stand as inspiring symbols of America's emergence as a mature world power during this wild and exciting period in our nation's history. Their large gold content (almost a full ounce) made them especially useful in banking transactions and international trade. economy and financial markets in the 19th and early 20th centuries.Īlso known as Coronet Double Eagles because of the coronet, or crown, adorning the head of Liberty on the obverse, $20 Liberty gold coins were used in every aspect of American economic life. A workhorse coin of commerce, it was one of the building blocks of the growing U.S. $20 Liberty gold double eagles are one of the world's most recognized gold coins. Buying $20 Liberty Double Eagle Gold Coins

Us 20 gold coin