Carson City $20 Gold coins are very desirable in today's marketplace and make for a great addition to any coin collection. This 1874-CC $20 Gold Liberty has a low mintage of only 115,085 pieces.
- Contains .9675 oz of Gold.
- Coin has been certified by NGC in Extra Fine-45 condition.
- Designed by James B. Longacre and minted from 1850-1907.
- 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 Carson City mint.
Protect and display your Liberty Gold Double Eagle in style by adding an attractive display or gift box 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 Carson City $20 Liberty Gold Double Eagle to your cart today!
Double Eagle "CC"'s are King of the highly collectible "CC" coinage. Struck at the Carson City mint in 1874, this coin is part of the total combined mintage of only 864,178 double eagles struck for the ENTIRE dated series from 1870-1893! Survival rates for "CC" double eagles range between 2%-4% of original mintages. Specifically, the 1874-CC mintage is a mere 115,085 pieces. It is extremely hard to locate an 1874-CC that is not heavily bag marked or cleaned. To quote leaders in the field, "A piece with good eye appeal is very scarce and it commands a strong premium among knowledgeable specialists."
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.