This vintage coin is a great investment for those wanting to own a coin that circulated in the U.S. more than a century ago! Type-2 coins include the motto "In God We Trust" above the eagle.
- Contains .9675 oz of Gold.
- Multiples of 20 are packaged in plastic tubes. All other coins will be in protective plastic flips.
- Designed by James B. Longacre and minted from 1866-1876.
- Obverse: Shows Liberty, facing left, encircled by 13 stars with the word "Liberty" on her hair band.
- Reverse: Features a heraldic eagle with a shield on its breast with thirteen stars above. Surrounding the eagle is "United States of America" and the denomination.
- U.S. Mint issue from the following mints: Philadelphia, Carson City, Denver, New Orleans or San Francisco.
Protect your $20 Liberty Gold Double Eagle with this clear plastic capsule or display it in style by adding an attractive presentation box or coin bezel to your order.
Many of these coins have been melted over the years, adding collectibility to a classic Gold coin design. Enhance your collection by adding this $20 Liberty Gold Double Eagle to your cart today!
Dates and mintmarks on these random year coins will be of our choosing and may or may not vary, determined by stock on hand.
In the early 1900s, President Theodore Roosevelt called for a renaissance in American coinage. Unhappy with the current designs on American coins, he called upon sculptor Augustus Saint-Gaudens to head the redesign of America’s coins. Out of this renaissance came the Saint-Gaudens Double Eagle Gold coin. One of the most sought after and beautiful coins ever produced by the United States Mint, this Double Eagle was minted from 1907 until 1933. The design was later reprised in 1986 when the mint issued the new Gold Eagle bullion coin.
In 1933, President Franklin Roosevelt issued Executive Order 6102 which forbade the “hoarding of Gold Coin, Gold bullion and Gold certificates within the continental United States.” As a result of this order, the possession of monetary Gold owned by any person, partnership or company was criminalized, Gold coins were pulled out of circulation and almost all Gold was exchanged for paper money. Exceptions were made for collector coins and jewelry. As the Great Depression ravaged the economy, it was believed that “hoarding” Gold stalled economic growth and worsened the economic state of the country. In order to combat this, it was ordered that all Gold be turned into the U.S. Mint to be melted down. The belief was that if Gold could not legally be owned, it could not be redeemed, therefore ending the constraints on the Federal Reserve. Thus, the United States abandoned the Gold standard.
The following year, President Roosevelt signed the Gold Reserve Act of 1934. This act required that all Gold (except for jewelry and collector’s coins) and Gold certificates held by the Federal Reserve be sold to the United States Treasury. The law also changed the nominal price of Gold from $20.67 per troy ounce to $35.00 per troy ounce. Because of this, foreign investors flocked to export their Gold holdings overseas to the United States and the dollar devalued to spark inflation. The increase in the money supply increased real interest rates and encouraged more investments in durable goods. After the Gold Reserve Act, inflation drastically decreased from -9.8 percent to 2.3 percent and has not dropped below -2.1 percent since.
Because of Executive Order 6102, Gold coins produced by the U.S. Mint prior to 1933 are extremely rare. The coins that remain today have withstood the test of time and survived a governmental expropriation of Gold. These coins are a beautiful testament to the art and history of the coins themselves and the United States as a whole.