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The $20 Liberty Gold Coin, also known as the Double Eagle, is a remarkable piece of American numismatic history that combines historical significance with substantial gold content. $20 Libertys and St. Gaudens served as money in the U.S. between 1849 and 1933, when they were called in by President Franklin Roosevelt.
Designed by James B. Longacre, the Chief Engraver of the U.S. Mint, the coin features a striking portrait of Lady Liberty on the obverse. Liberty’s head faces left, adorned with a coronet inscribed with “LIBERTY,” surrounded by 13 stars representing the original colonies.
The reverse showcases a heraldic eagle with spread wings, inspired by the Great Seal of the United States
Whether you’re a history enthusiast, a serious coin collector, or an investor seeking to diversify your portfolio, the $20 Liberty Gold Coin presents a tangible connection to 19th-century American history and the California Gold Rush era. Introduced in 1849 during the California Gold Rush it was minted from 1850 to 1907. It was created in response to the large influx of gold from the newly discovered mines. The coin quickly became a cornerstone for American commerce, representing significant purchasing power in its time. The coin’s copper alloy has ensured its durability for decades, adding both precious metal content and numismatic value to a portfolio with low premiums.
The $20 Liberty Head gold coin and its successor, the St. Gaudens, are the largest coins produced by the U.S. Mint for general circulation, with production spanning from 1849 to 1933. Each coin measures 34 mm in diameter and weighs 33.436 grams (there are 31.1 grams in one ounce). They are made of an alloy consisting of 90% gold and 10% copper, containing .9675 ounces of gold each. The edges of the $20 Liberty gold coins are reeded (milled), while the St. Gaudens coins feature lettered edges.
Although CMIGS generally recommends modern gold bullion coins, we offer $20 Liberty Head gold coins at competitive prices. Our four decades of experience in the gold coin industry have allowed us to establish many connections with sellers of $20 Liberty coins. These coins are magnificent, and when available at low premiums, they present an excellent opportunity for investing in gold.
The $20 Liberty gold coins are essentially bullion coins, and their prices closely follow the spot price of gold. They are considered good investments only when sold at or slightly above the spot price. Historical data shows that VF-grade $20 Liberty coins have sometimes traded at spot price, while at other times, they have carried significant premiums.
For example, in the early and late 1980s, as well as the early 1990s, VF-grade $20 Liberty coins traded at spot. However, during the mid-1980s and from the mid-to late-1990s, they experienced premiums. Currently, VF-grade $20 Libertys typically trade at spot prices, making them more appealing to investors.
Graphs that compare the prices of higher-grade Double Eagles to the spot price show a similar trend. In 1992, common-date MS-62 St. Gaudens coins sold for only $20 over spot. Therefore, when purchasing $20 Liberty gold coins and St. Gaudens coins, investors should carefully assess the premiums associated with them. For further insights into the promotion of $20 Liberty gold coins by many dealers, refer to our article, “Myths, Misunderstandings, and Outright Lies.”
CMI Gold & Silver, with extensive experience in selling $20 Liberty gold coins since 1974, provides investors with a high level of expertise and confidence. We typically have $20 Liberty gold coins available at all times. Shipments are usually made within one to two days of receiving cleared funds. When you purchase from CMI Gold & Silver, you can be confident in the authenticity and delivery of your $20 Liberty gold coins, providing you with a sense of security. We are backed by over 50 years of experience providing quality products to investors nationwide.
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