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$20 Liberty Gold Double Eagle Zoom

$20 Liberty Head Gold Double Eagle - NGC/PCGS MS63 - Random Type and Year

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SKU: 15164

  • The $20 Liberty Head double eagle gold coin has a 34.0 mm diameter, a reeded edge, a total weight of 0.96750 troy ounces ( or 33.436 grams) and a face value of $20.

  • Contains a metal composition of 90% gold and 10% copper.

  • Minted from 1849-1907 with a small change in 1866, having the motto "In God We Trust" added.

  • Obverse: Designed by James B. Longacre, Lady Liberty is wearing a crown inscribed with the word "Liberty". Her hair is attractively in a bun with some curls cascading down her neck. Thirteen stars representing the original thirteen colonies and the date encircle her.

  • Reverse: Features a bald eagle, holding a double ribbon, on which "E Pluribus Unum" is inscribed. The eagle protects a shield, which represents the nation, being a variation on the "Great Seal of the United States", and holds an olive branch and arrows. Above the bird, thirteen stars encircling the motto "In God We Trust" can be seen with "United States of America" rounding the top perimeter.

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Product Description

    Details

    The first double eagle was minted in 1849, coinciding with the California Gold Rush. Two pieces were produced in that year. The first can be found in the Smithsonian Institution in Washington, D.C. The second was presented to Treasury Secretary William M. Meredith and was later sold as part of his estate. Regular production began in 1850.

    Due to the large amount of bullion being brought east after the discovery of gold in California, the new double eagle gold coin was immediately successful, being used by merchants and banks in trade.

    Prior to 1850, eagles with a denomination of $10 were the largest denomination of US coin. Since the $20 gold piece had twice the value of the eagle, these coins were designated "double eagles". In 1850, the double eagle had the purchasing power of $1200 today.

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