Twenty Dollar Gold Coin

History
Twenty Dollar Gold Coins are most popular for gold coin collectors.$20 Liberty Double Eagle gold coins are one of the world’s most recognized gold coins. A workhorse gold coin of trade, it was one of the building blocks of the growing U.S. economy and financial markets in the 19th and 20th centuries. $20 Liberty gold coins were used in every aspect of American economic life, from the average guy on the street to multi-million dollar international financial transactions. The classic portrait of Miss Liberty on the coin’s obverse will always serve as a powerful reminder of the emergence of the United States as a world power in the latter half of the Nineteenth Century.

During the time of the $20 Liberty’s issue, the official price of gold was $20.67 an ounce. The gold content of the Double Eagle was fixed at .9675 oz., equaling its $20 value in gold weight. Prior to 1849, the largest gold piece issued by the U.S. Government had been the $10 gold coin, known as the “Eagle,” first struck in 1795. The new $20 Liberty gold pieces quickly were dubbed “Double Eagles” because they were twice the size of the established and popular $10 “Eagles.” During the course of their mintage, $20 Liberty Double Eagle gold coins were produced in three varieties, Type 1, Type 2 and Type 3. (View mintage figures for $20 gold coins.)

Type 1 $20 Liberty Double Eagle Gold Coins, “No Motto”
The first U.S. $20 gold coins were minted in 1849. It is thought only two coins were struck dated 1849 (perhaps several others as well). One currently resides in the national collection at the Smithsonian Institution. Regular $20 Double Eagle Gold Coin production commenced in 1850 at the Philadelphia and New Orleans mints. San Francisco issues began in 1854, the year this western mint first opened. The last New Orleans mint $20 Liberty Gold Coin was struck in 1861. In the spring of that year the mint in New Orleans was seized, first by the State of Louisiana, then by the Confederacy. The Type 1 design became known as the “No Motto” design because, unlike later types, it did not feature the national motto “IN GOD WE TRUST” on the reverse.

Type 2 $20 Liberty Double Eagles, “With Motto”
Beginning in 1866, the motto “IN GOD WE TRUST” was added to the reverse of $20 Liberty gold coins for the first time. This alteration in the design of the gold coin quickly became known as the “With Motto” variety. Type 2 Double Eagle Gold Coin were struck from 1866 to 1876 at the Philadelphia and San Francisco mints. Beginning in 1870, the newly opened Carson City mint minted Type 2 $20 Liberty gold coins as well. $20, $10 and $5 gold coins were struck at this famous wild west mint for just twenty-three years, until it closed in 1893.

Type 3 $20 Liberty Double Eagles
In 1877, the $20 Liberty Double Eagle was modified for the third and last time. Miss Liberty’s portrait on the obverse was refined, now showing more delicate detail in the face and hair. On the reverse, the spelling of the value was changed from “TWENTY D.” to “TWENTY DOLLARS.” Type 3 Double Eagles were minted in Philadelphia, San Francisco, Carson City; they were also struck in New Orleans in 1879 only, and in Denver for just two years, 1906 and 1907. The last $20 Liberty Double Eagle gold coins were struck in 1907. In that year, Theodore Roosevelt commissioned the renowned sculptor Augustus Saint-Gaudens to create a new design for the $20 gold piece, one that would reflect the vibrancy of America as a dominant world leader.

Design Specifications
Designer: James B. Longacre
Gross Weight: 33.346 grams
Net Weight: .96750 oz. pure gold
Composition: .900 gold, .100 copper
Diameter: 34 mm, reeded edge.

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