$20 LIBERTY GOLD COINS  1849-1907.
Due to their weight, relatively low price, limited numbers, and worldwide popularity, pre-1907 U.S. $20 Liberty gold coins are much preferred by savvy gold investors seeking extra leverage to the precious metals market. These beautiful and historic gold coins provide complete financial privacy. The graded $20 gold coin market provides an excellent opportunity for those looking to increase the risk-to-/reward factor in their gold portfolio.
Because of their true scarcity and demand by avid collectors, $20 Liberty coins can quickly outpace gold bullion in a rising gold market; and there have been times when these gold coins have risen substantially while bullion gold declined in value, or remained flat in price.

Prior to 1849, the largest gold coin issued by the U.S. Government was the $10 "Eagle," first minted in 1795. The first regular production $20 Liberty gold coin was struck in January 1850. Because it was twice the size of the U.S. $10 gold "Eagle," when the newly-minted $20 Liberty gold coin entered circulation it became known as the "Double Eagle." The $20 Liberty (Double Eagle) was also referred to as a $20 Coronet. This gold piece was used as legal tender and remained in production until 1907, when the United States Mint began releasing the U.S. $20 Saint-Gaudens gold coin piece.
James B. Longacre designed the $20 Liberty with the obverse side featuring Lady Liberty donning a crown inscribed with the word "LIBERTY" on the coronet. The elegant image of Lady Liberty is adorned by 13 stars arched around her head like a rainbow. These stars represent the original 13 colonies. The reverse side of the gold coin also features 13 stars, an eagle with a shield, and the words "UNITED STATES OF AMERICA" displayed in arch-like form, encircling the eagle and shield.
Due to the California Gold Rush of 1848 and the huge amount of gold extracted from Sutter's Mill, gold began pouring into the Philadelphia Mint in overwhelming quantities. This caused Congress, under the Act of March 3, 1849, to authorize the U.S. Mint to create the one-ounce $20 gold Liberty. Minting of the regular issue $20 Liberty gold coin began in 1850. At least two of these magnificent gold coins were minted in December 1849; one of the two is now permanently located in the Smithsonian.
The $20 Liberty gold piece was minted at five different mints throughout its production history: Philadelphia, San Francisco, Denver, Carson City, and New Orleans. During the era of the $20 Liberty's issue, the official price of gold was $20.67 per ounce. Gold content of the Double Eagle was fixed at .9675 per ounce, equaling its $20 value in gold weight.
The new $20 gold coin wasn't used much in daily commerce. Prior to the days of fiat currency, $20 was considered a substantial amount of money. As a result, this Liberty gold coin was most commonly used for bank transfers or payment of debts to foreign investors. Serving as one of the foundations of the fledgling U.S. economy and financial markets in the 19th century, the $20 gold coin provided much of this young nation's burgeoning wealth.
The $20 Liberty gold coin was minted with three small design changes, each representing its own time and space in history and designated by Type. Design Type and minting dates were as follows: Type I: minted 1850-1866, Type II: minted 1866-1876, and Type III: minted 1877-1907.


$20 LIBERTY COIN Detailed Coin Information


Designer         James B. Longacre
Gross Weight  33.436g
Gold Content   0.9675 oz
Composition    90% gold, 10% copper
Diameter         34mm
Edge              Reeded
Dates             1849-1866 (Type I);
     1866-1876 (Type II);
     1877-1907 (Type III).

Dates of Mints        Carson City: (1870-1879; 1882-1885; 1889-1893)
      Denver: (1906-1907)
      New Orleans: (1850-1861; 1879)
      Philadelphia: (All dates)
      San Francisco: (1854-1885; 1887-1907)

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