The Origination of the $20 Liberty Gold Coin

There were several reasons surrounding the origination of the $20 Gold Liberty Head coin, among these reasons was the need for a gold coin of substantial value suitable for settling international trade debts and bills.  The $20 Liberty gold coin was officially created when President James K. Polk signed a law in 1849 authorizing the creation of the "Double Eagle"as well as a $1 gold coin. The $20 Gold Liberty and the $20 Saint-Gaudens coin are both commonly referred to as "Double Eagles" because of previous legislation in the 1700's that set the value of an "Eagle" at $10 U.S. Another of the more popular reasons for the creation of this gold coin came from the public at large; citizens reasoned that carrying twenty $1 silver coins in their pockets for making large purchases was laborious, if not even dangerous.

In fact, it was not uncommon for a wealthy gentleman to have a special leather wallet with individual pockets to hold Silver Dollars, because carrying a bulky sack of clanging Silver Dollars could lead to a dangerous mugging, or worse. Bankers delighted at the idea of being able to hold a single coin with a value of $20 in their vault, rather than twenty silver coins, as vault space was a costly investment, and large vaults also quite often brought unwanted attention, full or not. Ironically, the $20 gold coins also became popular with stage coach and train robbers, as they found getaways on horseback much easier when the horse only had to carry 1/20th of the weight of a similar robbery of silver coins!

 

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1907 $20 Gold Liberty Double Eagle Coin MS65

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1907 $20 Gold Liberty Double Eagle Coin MS65

- Stock Photo
- Coin Grade: MS65 (PCGS or NGC)
- Year Minted: 1907
- Minted in Philadelphia
- Estimated Population: 30
- .9675oz. of Gold
Details

1907D $20 Gold Liberty Double Eagle Coin MS62

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1907D $20 Gold Liberty Double Eagle Coin MS62

- Stock Photo
- Coin Grade: MS62 (PCGS or NGC)
- Year Minted: 1907
- Minted in Denver
- Total Mintage: 842250
- Estimated Population: 1265
- .9675oz. of Gold
Details

1907D $20 Gold Liberty Double Eagle Coin MS63

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1907D $20 Gold Liberty Double Eagle Coin MS63

- Stock Photo
- Coin Grade: MS63 (PCGS or NGC)
- Year Minted: 1907
- Minted in Denver
- Total Mintage: 842250
- Estimated Population: 1017
- .9675oz. of Gold
Details

1907D $20 Gold Liberty Double Eagle Coin MS64

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1907D $20 Gold Liberty Double Eagle Coin MS64

- Stock Photo
- Coin Grade: MS64 (PCGS or NGC)
- Year Minted: 1907
- Minted in Denver
- Total Mintage: 842250
- Estimated Population: 855
- .9675oz. of Gold
Details

1907D $20 Gold Liberty Double Eagle Coin MS65

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1907D $20 Gold Liberty Double Eagle Coin MS65

- Stock Photo
- Coin Grade: MS65 (PCGS or NGC)
- Year Minted: 1907
- Minted in Denver
- Total Mintage: 842250
- Estimated Population: 269
- .9675oz. of Gold
Details

1907S $20 Gold Liberty Double Eagle Coin MS62

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1907S $20 Gold Liberty Double Eagle Coin MS62

- Stock Photo
- Coin Grade: MS62 (PCGS or NGC)
- Year Minted: 1907
- Minted in San Francisco
- Total Mintage: 2165800
- Estimated Population: 2552
- .9675oz. of Gold
Details

1907S $20 Gold Liberty Double Eagle Coin MS63

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1907S $20 Gold Liberty Double Eagle Coin MS63

- Stock Photo
- Coin Grade: MS63 (PCGS or NGC)
- Year Minted: 1907
- Minted in San Francisco
- Total Mintage: 2165800
- Estimated Population: 1508
- .9675oz. of Gold
Details

1907S $20 Gold Liberty Double Eagle Coin MS64

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1907S $20 Gold Liberty Double Eagle Coin MS64

- Stock Photo
- Coin Grade: MS64 (PCGS or NGC)
- Year Minted: 1907
- Minted in San Francisco
- Total Mintage: 2165800
- Estimated Population: 623
- .9675oz. of Gold
Details

1907S $20 Gold Liberty Double Eagle Coin MS65

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1907S $20 Gold Liberty Double Eagle Coin MS65

- Stock Photo
- Coin Grade: MS65 (PCGS or NGC)
- Year Minted: 1907
- Minted in San Francisco
- Total Mintage: 2165800
- Estimated Population: 22
- .9675oz. of Gold
Details

1904 $20 Gold Liberty Double Eagle Coin MS62

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1904 $20 Gold Liberty Double Eagle Coin MS62

- Stock Photo
- Coin Grade: MS62 (PCGS or NGC)
- Year Minted: 1904
- Minted in Philadelphia
- Estimated Population: 124576
- .9675oz. of Gold
Details

1904 $20 Gold Liberty Double Eagle Coin MS63

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1904 $20 Gold Liberty Double Eagle Coin MS63

- Stock Photo
- Coin Grade: MS63 (PCGS or NGC)
- Year Minted: 1904
- Minted in Philadelphia
- Estimated Population: 126035
- .9675oz. of Gold
Details

1904 $20 Gold Liberty Double Eagle Coin MS64

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1904 $20 Gold Liberty Double Eagle Coin MS64

- Stock Photo
- Coin Grade: MS64 (PCGS or NGC)
- Year Minted: 1904
- Minted in Philadelphia
- Estimated Population: 64341
- .9675oz. of Gold
Details

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