Discovering the $20 Gold Coin The Double Eagle coin is not only rare, but it diversifies any investor's portfolio. Collectors of all knowledge levels can appreciate one of the many varieties of Double Eagle coins available at APMEX. The California Gold Rush of 1848 prompted Congress to authorize the mintage of the 20 Dollar Double Eagle Gold coin. Permission was granted in 1849 and the coin entered circulation in 1850. It holds the highest Gold content of any regularly issued U.S. Gold coin of its time. The original Liberty design was minted for more than 50 years.
Designs of the Gold Double Eagle The obverse features a classic Greek rendition of Lady Liberty, while the reverse depicts a brave eagle with wings spread to their full span. Beginning in 1849, the $20 Double Eagle was minted in three types: the Type I "No Motto" variety (1850-1866), the Type II variety with "Twenty D" on the reverse (1866-1876) and the Type III variety with "Twenty Dollars" spelled out (1877-1907). The motto "In God We Trust" was added to the coins under an 1865 Act of Congress.