Commemorative Liberty Gold Coins
The first commemorative coins to been authorized by the US Congress was the Columbian Exposition Half Dollar in 1892. The coin was issued to mark the 400th anniversary of Columbus’ discovery of the New World, which led to the discovery of the United States of America. Thereafter, the US Mint started the commemorative coin program, wherein 157 gold and silver coins were issued until 1954. The US Congress, however, banned the coinage of some commemorative coins in 1939.
In 1982, the US Mint reinitiated its commemorative coin program, and the first coin to be issued was the George Washington 250th Anniversary Half-Dollar. This was followed by the $5 Liberty Gold coins in 1986. Since then, the US Mint has been issuing a minimum of two coins every year.
Commemorative $5 Liberty Gold Coins: An Attractive Buying Option
The Statue of Liberty $5 gold coin was issued by the US Mint in 1986, to commemorate the 100th anniversary of the Statue of Liberty. This was the very first contemporary commemorative gold coin. The commemorative liberty gold coins gained swift popularity following the issue, and were immediately sold out. These coins are an attractive buying option due to the following reasons:
- Limited circulation: Around 500,000 authorized $5 liberty gold coins are minted, and in circulation. Buyers and coin collectors are fast holding up the limited reserve. This is likely to escalate the liberty’s value steadily.
- Gold composition: The $5 liberty gold coins have a high gold composition of 90 percent, which translates to 0.242 ounces of gold. Therefore, when the gold prices increase, the coins will undoubtedly appreciate proportionally.
Commemorative $5 Liberty Gold Coins: Specifications
Designed by Elizabeth Jones, the $5 liberty gold coins have a close-up view of the Lady Liberty’s crown and face. The reverse of the coin showcases an eagle in flight. The inscription on the front of the coin features the date "1986" and the word "Liberty." The reverse-side inscription features the following phrases:
- United States of America
- In God We Trust
- Five Dollars
- E Pluribus Unum
Additionally, the $5 liberty gold coins weigh 8.3590 grams and have a diameter of 21.6 millimeters.
Other Popular Liberty Gold Coins
Besides the $5 commemorative liberty gold coins, the $20 Liberty Head coins, also known as double eagles, are a widely promoted and very popular option. These coins are essentially bullion coins, the prices of which track the gold spot prices. Having a diameter of 34 millimeter, the $20 liberty coins weigh 33.436 grams. Containing 0.9675 ounces of gold, the $20 liberty gold coins are alloys of 90 percent gold and 10 percent copper.
The $10 Liberty Head is another popular and affordable gold coin series. First minted in 1838, these coins were inspired by a portrait of Venus by Christian Gobrecht. Each $10 liberty gold coin contains about half-ounce of pure gold. These coins have Lady Liberty on the front, wearing a coronet proclaiming "Liberty". The design is surrounded by thirteen stars, representing thirteen colonies. The reverse of $10 Liberty gold coins have a heraldic eagle bordered by the words "United States of America" and the phrase "In God We Trust" at the bottom.
Finally, there are the $2½ Liberty Head gold coins, which were first minted between 1840 and 1907. The "quarter eagle" coins are among the rarest as well as most highly prized series in the Liberty gold coins collection.