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$20 Liberty Double Eagle gold coin

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  1. therealog

    Joined: February 2004
    Posts: 205

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    date: 1852
    MM:P
    Denomination:$20
    Type:Liberty
    Variety: Type 1
    Service: NGC
    Grade:AU58

    Gross Weight: 33.346 grams
    Net Weight: .96750 oz. pure gold
    Composition: .900 gold, .100 copper
    Diameter: 34 mm

    Some history:

    $20 Liberty Double Eagle gold coins are one of the world’s most recognized gold pieces. A workhorse 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.

    Types
    Type 1, Without Motto on Reverse 1849-1866
    Type 2, With Motto on Reverse 1866-1876
    Type 3, Value spelled “Twenty Dollars” 1877-1907



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