$20 Liberty Gold Coins (Non Certified)

Buy the $20 Gold Liberty Head coin at Gainesville Coins, and add the first U.S. gold coin to be referred to as a “Double Eagle” to your collection!

These classic 90% pure gold coins are not only an important part of American history, but hold the distinction of being the largest sized gold coins ever produced for regular commercial circulation in the U.S.

This places the $20 Gold Liberty (sometimes referred to simply as "$20 Lib") within the broader tradition of "Pre-1933 U.S. gold."

The cut-off for 1933 is significant because it was the last year that gold coins were produced by the U.S. Mint as everyday currency.

President Franklin D. Roosevelt issued an executive order required all gold coins and bars to be seized by the government and melted down.

This executive action effectively outlawed private gold ownership in the United States for the next four decades, but was seen as an important emergency measure to help combat the devastating effects of the Great Depression.

Pre-1933 U.S. gold coins are one of the many options available for investors seeking to allocate gold to their portfolio.

Aside from their classic designs and rich history, untold numbers of these coins were melted after being confiscated in the years following 1933, meaning that far lower numbers of them survive today than the original mintage figures would suggest.

The $20 Gold Liberty was minted between 1850 and 1907 and preceded its arguably more famous successor, the $20 Gold Saint-Gaudens double eagle.

Designed by the 4th U.S. Mint Chief Engraver, James B. Longacre, the $20 Gold Liberty features a portrait of Lady Liberty from the neck up, surrounded by 13 stars. She wears a crown inscribed with the word "LIBERTY" across the headband and faces toward the left.

The $20 Gold Liberty is struck from .900 fine gold (or 21.6 karats) and contains 0.9675 troy ounce of pure gold by weight.

The value of the Gold Liberty is based on its gold content as well as its condition, which can add a significant premium above the intrinsic value based on how high of a grade the coin receives.

For this reason, many $20 Gold Liberty coins have been professionally graded, which is also known as certified.

The two best known and most trusted coin grading services are PCGS and NGC.

The discovery and recovery of a number of shipwrecks from the 19th century have provided the gold coin market with new hoards of $20 Liberty Gold Double Eagles.

There was even a noteworthy hoard of these coins uncovered from a California backyard in recent years.

Thanks to the unbelievable flow of freshly mined gold from the California Gold Rush in the middle of the century, it could be argued that the true birth place of the $20 Liberty is on the West Coast.

It's no coincidence that the very first double eagle was minted in 1850, directly after the gold rush in 1848 and 1849 that preceded it.