Liberty $20 Gold Coin – Pre 1907 Twenty Dollar
We sell all types and dates of Liberty gold coins:
1. If you are looking acquire a specific date or mint mark call us at 1-888-696-4653 as our inventory is constantly changing
2. If you are looking for the value of a coin you own we are happy to help you. There are so many Liberty gold coins as they were minted for 57 years and at 5 different mints and with values changing on a consitent basis it is nearly impossible to post them on the web. Just call us and we can give you a quote.
3. If you are looking for details on weight, gold content etc. please see the bottom of this page
$20 Liberties are one of the best ways to own gold! They are regarded for their performance over gold bullion, their non-reportability and privacy as weill as their immunity from gold confiscation. To read more about the advantages of owning Liberty gold coins click here.
Extra Leverage to Precious Metals Market
Due to their weight, relatively low price, limited numbers, and worldwide popularity,
pre-1907 U.S. $20 Liberty gold coins are much preferred by savvy gold investors
seeking extra leverage to the precious metals market. These beautiful and historic
gold coins provide complete financial privacy. The graded $20 gold coin market provides
an excellent opportunity for those looking to increase the risk-to-/reward factor
in their gold portfolio.
Because of their true scarcity and demand by avid collectors, $20 Liberty coins
can quickly outpace gold bullion in a rising gold market; and there have been times
when these gold coins have risen substantially
while bullion gold declined in value, or remained flat in price.
Better Values On Rare Coin Market
Currently, some of the uncirculated
pre-1900 $20 Liberty gold coins in Mint State-62 condition can be acquired for a
small premium over the common dated coins, making them one of today?s better values
on the rare coin market. The following minting dates are some of the rarest, as
well as significant in value: 1854-O, 1855-O, 1856-O, 1870-CC, 1882, 1883, 1884,
and 1887 (Proof-only issues), 1886, and 1891.
Prior to 1849, the largest gold coin issued by the U.S. Government was the $10 “Eagle,”
first minted in 1795. The first regular production $20 Liberty gold coin was struck
in January 1850. Because it was twice the size of the U.S. $10
gold “Eagle,” when the newly-minted $20 Liberty gold coin entered circulation
it became known as the “Double Eagle.” The $20 Liberty (Double Eagle) was also referred
to as a $20 Coronet. This gold piece was used as legal tender and remained in production
until 1907, when the United States Mint began releasing the U.S. $20 Saint-Gaudens
gold coin piece.
James B. Longacre designed the $20 Liberty with the obverse side featuring Lady
Liberty donning a crown inscribed with the word “LIBERTY” on the coronet. The elegant
image of Lady Liberty is adorned by 13 stars arched around her head like a rainbow.
These stars represent the original 13 colonies. The reverse side of the gold coin
also features 13 stars, an eagle with a shield, and the words “UNITED STATES OF
AMERICA” displayed in arch-like form, encircling the eagle and shield.
If you are looking to diversify your gold portfolio with one of the best gold coins of our time, get more info by calling us or clicking here for our free gold information kit which outlines the many benefits of ownership.
Congress Authorizes US Mint to Create One Ounce $20 Gold Liberty
Due to the California Gold Rush of 1848 and the huge amount of gold extracted from
Sutter’s Mill, gold began pouring into the Philadelphia Mint in overwhelming quantities.
This caused Congress, under the Act of March 3, 1849, to authorize the U.S. Mint
to create the one-ounce $20 gold Liberty. Minting of the regular issue $20 Liberty
gold coin began in 1850. At least two of these magnificent gold coins were minted
in December 1849; one of the two is now permanently located in the Smithsonian.
The $20 Liberty gold piece was minted at five different mints throughout its production
history: Philadelphia, San Francisco, Denver, Carson City, and New Orleans. During
the era of the $20 Liberty’s issue, the official price of gold was $20.67 per ounce.
Gold content of the Double Eagle was fixed at .9675 per ounce, equaling its $20
value in gold weight.
Foundation for US Economy and Financial Markets
The new $20 gold coin wasn’t used much in daily commerce. Prior to the days of fiat
currency, $20 was considered a substantial amount of money. As a result, this Liberty
gold coin was most commonly used for bank transfers or payment of debts to foreign
investors. Serving as one of the foundations of the fledgling U.S. economy and financial
markets in the 19th century, the $20 gold coin provided much of this young nation’s
The $20 Liberty gold coin was minted with three small design changes, each representing
its own time and space in history and designated by Type. Design Type and minting
dates were as follows: Type I: minted 1850-1866, Type II: minted 1866-1876, and
Type III: minted 1877-1907.
The production of Type I Liberty coins began in Philadelphia and New Orleans during
1850. San Francisco issues began in 1854, the same year the California mint initiated
its first coin production. In the spring of 1861, the Confederacy seized the New
Orleans mint. Although this event marked an end to production of the $20 Liberty
Gold coin in New Orleans from 1862-1878, the New Orleans Mint was able to produce
$20 Double Eagles for the U.S. government during the first half of 1861. During
the latter part of 1861, the Mint continued its production of $20 Double Eagles
with permission from both the Confederacy and the government of Louisiana. Regrettably,
all of the coins were struck using the same dies. As a result, there is no known
means to distinguish which coin was produced for which governing authority during
that time. The New Orleans mint did issue the $20 Liberty again in 1879 (See Type
III). The Type I $20 Liberty was minted without the motto “IN GOD WE TRUST,” and
“TWENTY DOLLARS” was expressed as “TWENTY D” on the reverse side of this coin.
Type II coins were issued in 1866. This alteration of the coin design became known
as the “With Motto” variety. Type II Double Eagles were struck from 1866 to 1876
at the Philadelphia and San Francisco mints. In 1870, the brand new Carson City
mint struck Type II $20 Liberty coins. Another Type II design change involved modifying
the shield device on the reverse side from straight into the curved “rococo” style
of that time. Again, “TWENTY DOLLARS” was expressed as “TWENTY D” on the reverse
side of the coin.
In 1877, the denomination on this coin’s design was updated to read “TWENTY DOLLARS”
instead of “TWENTY D.” Type III Double Eagles were minted in Carson City, Philadelphia,
and San Francisco. They were also struck at the Denver mint during 1906 and 1907.
In contrast to the other mints, the New Orleans mint restricted the issue of Type
III $20 Liberty coins to one year-1879. Although the New Orleans mint continued
to strike other denominations of gold and silver between 1879 and 1909, it only
produced 2,325 $20 Liberty gold coins; all of which were struck during 1879.
Detailed Coin Information
|Designer||James B. Longacre|
|Composition||90% gold, 10% copper|
|Dates||1849-1866 (Type I); 1866-1876 (Type II); 1877-1907 (Type III).|
|Dates of Mints||
Carson City: (1870-1879; 1882-1885; 1889-1893)
New Orleans: (1850-1861; 1879)
Philadelphia: (All dates)
San Francisco: (1854-1885; 1887-1907)
*Figure is from Coin Dealer Newsletter historic Greysheet Bids 1980-2008/2009