$20 Liberty Double Eagle Coins (1850-1907)

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.

Popular Double Eagles for sale at APMEX:

• $20 Liberty Gold Double Eagle XF (Random Year)
• $20 Liberty Gold Double Eagle AU (Random Year)
• $20 Liberty Gold Double Eagle BU (Random Year)

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.

Double Eagles for Sale at APMEX

If you need assistance in purchasing a $20 Gold coin, or if you should have any issue placing an order for a Gold Liberty coin on APMEX.com, we are eager to assist you. Our team of highly trained customer service associates can answer any questions on Double Eagle Gold coins, and can be reached by email or telephone, please call (800) 375-9006 or email service@APMEX.com. You can also sell Gold to APMEX by calling our Purchasing team at (800) 514-6318 to speak to one of our representatives or learn more about how to sell Gold to APMEX.

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