Because the 1848 California Gold Rush flooded the U.S. gold market, Congress authorized the United States Mint to create the $20 gold Liberty (also known as the Coronet and Double Eagle) on March 3, 1849. It remained in production until 1907, when the United States Mint began producing the $20 Saint Gaudens.
Designed by James B. Longacre, the obverse (front) of the $20 Liberty gold coin shows Lady Liberty wearing a crown inscribed “LIBERTY.” Representing the original 13 colonies, 13 stars and the date encircle her.The reverse shows the U.S. Great Seal, and “UNITED STATES OF AMERICA” arcs the top.Three different versions of the $20 Liberty were minted. Depending upon the date and type, other pieces of information are listed on the reverse, as listed below.
The United States Mint began producing the $20 Liberty gold coin in 1849. Introduced into circulation in 1850, the $20 Liberty remains the largest denomination of all regular U.S. coins issued. From 1849-1907, the $20 Liberty was minted at five different mints. Although $1, $2.5, $5 and $10 gold coins were already in circulation in 1849, the United States Mint realized that it could produce a $20 Liberty in half the time it took to produce two $10 gold coins with the same amount of gold. But the $20 Liberty was too large for most day-to-day consumer transactions; $20 was a lot of money in the 19th century. So, the $20 Liberty was usually used for bank-to-bank transfers and foreign debt payments.
This is a premium coin, meaning its value is tied to factors other than the value of the spot price of the precious metal it contains. Valuation factors include, but are not limited to, speculative interest, collector and investor demand, available supply, industry promotions, perceived value, economic conditions, and other factors we deem relevant. The value assigned to this coin at any given time may vary from retailer to retailer and Augusta cannot guarantee another retailer will value this premium coin at the same rate as Augusta would in any given circumstance. Augusta cannot guarantee buy-back of any item it sells and cannot guarantee another retailer will purchase this premium coin. For up-to-date market pricing and availability, please contact us directly.
Augusta cannot guarantee, and makes no representation, that any metals purchased by a customer will appreciate at all or appreciate sufficiently to make a profit, and there is no certainty that any metals can be sold for a profit. The future value of the coins you purchase cannot be predicted. You could lose money. Don't purchase Augusta products with money you can't afford to lose. Prices may rise and fall over time or rapidly. Past performance of any coin does not guarantee future results. Premium coins are sold for more than the spot price of the precious metal they contain. Augusta's sale prices and buy-back prices are determined and controlled by Augusta. The value assigned to the coins you purchase at any given time may vary from retailer to retailer and Augusta cannot guarantee another retailer will value the coins at the same rate as Augusta would in any given circumstance. Augusta cannot guarantee buy-back of any item it sells and cannot guarantee another retailer will purchase coins purchased through Augusta. Augusta cannot guarantee another retailer will value a premium coin at the same rate as Augusta would in any given circumstance. This purchase is speculative and unregulated.