Buy Double Eagle Coins Online
The Double Eagle is not only rare, but it diversifies any investor's portfolio. Collectors of all knowledge levels can appreciate one of the many varieties of this 20 dollar Gold coin available at APMEX. The California Gold Rush of 1848 prompted Congress to authorize the mintage of the 20 Dollar coin. Permission was granted in 1849, and the $20 Gold piece entered circulation in 1850. Double Eagle coins hold 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. This $20 coin is a popular selection among Pre-33 Gold coins.
A Blend of Investment and Numismatic Appeal
$20 Liberty Double Eagle coins, also known as Liberty Head Double Eagles, are highly regarded in both the investor and numismatic communities. These magnificent gold coins, minted from 1849 to 1907, carry historical significance, intrinsic value, and a numismatic allure that appeals to a wide range of collectors and investors. Let's explore the investment and numismatic perspectives of $20 Liberty Double Eagles.
Investment Appeal of $20 Liberty Double Eagles
As a gold coin with a denomination of $20, Liberty Double Eagles offer investors a unique opportunity to diversify their investment portfolio with tangible assets. These coins contain 0.9675 ounces of pure gold, providing a direct exposure to the precious metal. Gold has historically been considered a hedge against inflation and economic uncertainty, making $20 Liberty Double Eagles a popular choice for those seeking to safeguard their wealth.
The scarcity and historical significance of these coins contribute to their investment appeal. As vintage gold coins, they are limited in supply, with some years being more rare and valuable than others. The combination of their gold content and numismatic premium can provide potential upside in the future.
Numismatic Value and Collector Appeal
$20 Liberty Double Eagles hold immense numismatic value, attracting collectors from around the world. These coins feature the iconic Lady Liberty on the obverse, representing the spirit of freedom and progress. The reverse showcases a majestic bald eagle, symbolizing American strength and resilience.
Numismatists are drawn to the rich history and artistry encapsulated in each $20 Liberty Double Eagle. The coins were minted during a transformative period in American history, witnessing the California Gold Rush, the Civil War, and the industrial expansion of the nation. Collectors appreciate the opportunity to own a piece of this historical narrative, valuing the unique stories associated with each coin.
Varieties and Key Dates
Within the $20 Liberty Double Eagle series, there are several notable varieties and key dates that enhance their numismatic appeal. For example, the 1861-P Paquet Reverse variety is highly sought after by collectors due to its distinctive design features. Key dates such as the 1854-S, 1856-O, and 1870-CC are considered rare and command higher premiums in the market.
Numismatists take pleasure in the pursuit of completing sets or acquiring specific years and mintmarks to showcase the breadth and depth of their collection. The challenge and excitement of finding elusive coins further enhance the numismatic experience.
In conclusion, $20 Liberty Double Eagle coins possess a unique blend of investment and numismatic appeal. From an investment perspective, these gold coins offer direct exposure to the precious metal and the potential for long-term growth. As numismatic treasures, they captivate collectors with their historical significance, beautiful design, and scarcity. Whether you are an investor seeking to diversify your portfolio or a passionate collector yearning for a piece of American history, $20 Liberty Double Eagles provide a compelling opportunity to embrace the beauty and value of Liberty gold coins.
Popular Double Eagles for sale at APMEX:
Designs of the Liberty Gold Coin
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 Gold 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. APMEX sells all three varieties of $20 Gold Double Eagles.
Pre-1933 U.S. Gold Coins
For nearly 140 years, Gold coins were produced by the U.S. Mint for use in commerce alongside Silver and Copper coins. Many Gold bullion investors opt for Gold coins minted before 1933 because of their historical appeal, U.S. government guaranteed Gold content, low premiums, and clearly denominated face value. The $20 coins have .9675 oz, $10 have .4838 oz, and $5 have .2419 oz actual Gold weight, respectively. Coins with denominations of $1, $2.50, and $3 are also available. The Gold content of each coin is based on the value of Gold, which was set by law at $20.67 per troy ounce by the Coinage Act of 1849. The Gold Reserve Act of 1934 increased the price of Gold to $35 per troy ounce. At the time these coins were minted and circulated, the face value was equal to the value of Gold in each coin.
The Great Melt
In 1933, Franklin Roosevelt signed Executive Order 6102, severely limiting the amount of Gold that could be owned by the public, and requiring the vast majority of Gold coins in the U.S. to be delivered to the government in return for Federal Reserve notes, effectively removing Gold coins from circulation. Private ownership of more than a nominal amount of Gold bullion was not legalized again until 1975. Most Gold coins that were turned in were melted down and stored as Gold bars. This confiscation destroyed millions of coins, the exact numbers of which are not known.
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