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Out of all 1893-P Liberty Head Double Eagles struck, only about 2% have been graded in MS62 condition. What you have learned could save you thousands of dollars and great heartache. They had paid $72,000 for the coins. A real-life example illustrates the principle. Still, gold bullion coins give investors more gold for the money. Speak with your sales agent for further details and time frames. The Double Eagle gold coin measures 34 mm in diameter and contains .9675 ounce of gold in an alloy of 90% gold and 10% copper. This $20 gold coin is unusual on several counts. (But it is common for new, modern bullion coins to be graded MS-70.). If you would like to discuss investing in Double Eagles, call us at 800-528-1380. By contrast, common-date coins are in abundance. The Walking Liberty design is the A.A. Weinman rendition of Lady Liberty, and it graces the classic U.S. And its coins should reflect that, Roosevelt felt. Certification Number: 3187494702. The first two attempts were considered ultra high relief (also referred to as extremely high relief), a 34-mm version and a 27-mm version, both with Roman numerals. Following the war, the U.S. poured billions into rebuilding Europe via the Marshall Plan. It eagerly continues the tradition of embodying America’s spirit and identity through its coins and medals. See our Gold Specials Page for still lower prices on American Double Eagles. Today, several large numismatic wholesale firms have offices in Europe for finding hoards of old U.S. coins. National Law Enforcement Memorial & Museum Coin, 2009 Ultra High Relief Double Eagle Gold Coin. If you’re sold overpriced coins, you can watch 50% of your investment disappear regardless how much time you give a dealer. Even before WWII, U.S. gold coins had been popular in Europe, and gold-loving Europeans hoarded them. Your time has been well spent. The 1933 Gold Double Eagle was Never Officially Issued. We have perfected what has been called one of the most beautiful coins in the world, but, like America itself, there is much more on the horizon. Walking Liberty half-dollars, minted 1916-1947. Free Shipping. Furthermore, liquidity can be a major problem. As a result, many dealers as a means to generate income recommended that South African Krugerrands, which then dominated the bullion coin market, be traded for Double Eagles, asserting that Krugerrands were going to be confiscated by the U.S. government. Nevertheless, many investors bought into the Y2K scare and accepted the notion that Double Eagles were “non-confiscateable.” Non-confiscation is a theory that holds no validity, but again premiums on Double Eagles climbed. 1895 $20 Liberty Gold Double Eagle MS-62 NGC - SKU#24943. Place your coin order quickly, easily, and securely right here at our user-friendly e-commerce site. Invariably, telemarketers price Double Eagle gold coins several hundred dollars above the going market for the coins. Specials pricing for trades. This design was created back in 1907 to be struck on the 20 dollar gold coin and is often referred to as the Saint Gaudens Double Eagle due to its face value and the name of its creator. . This is America, young and strong, in its ascendancy with a bright future before it. Consider also another tip offered by the above numismatist on “How to Sell Your Coins at Maximum Prices”: Find a dealer you can trust. A coin can be slabbed MS-62, and two knowledgeable numismatists both with more experience than the PCGS or NGC graders can disagree. This advice exposes two more flaws of investing in numismatic coins. The Lady Liberty on the $20 Gold Double Eagle Saint Gaudens is an uncontested beauty in the entire American coinage. The Saint Gaudens Gold Coins. The greater the luster or toning and fewer the contact marks, the higher the grading. This graph shows how prices on VF $20 Liberty Double Eagles changes over time relative to spot. The 2009 coin will be made of 24-karat gold. This 1893-P Liberty Head Gold Double Eagle is of the Type 3 variety and has a miniscule mintage of 344,280. Although over-graded coins ceased to be a problem after PCGS and NGC started slabbing coins, overpriced coins remains a major hazard for gold coin buyers. This design underscores that liberty is central to the American spirit, is beautiful and attractive to all, and wherever Liberty goes, inspired by enlightenment, peace follows. $5499.00. Promoters usually cite two reasons for buying Gold Double Eagle Gold Coins: Roosevelt’s 1933 call-in and the potential for premium increases. The client enjoyed a 50-ounce increase because a Double Eagle contains .9675 ounce of gold. In January 2009, the United States Mint issued the 2009 Ultra High Relief Double Eagle Gold Coin. The gold content of the Double Eagle was fixed at .9675 oz., so that the value of its weight in pure gold would be equal to its $20 denomination. Other coin dealers frequently bust the coins out of their holders and resubmit. The United States of America, a bold experiment in liberty and representative democracy, had not only succeeded, it had come of age. He subsequently learned that the coins could be sold for only about $21,000. How much do you lose in bad buys before you connect with an honest dealer? Scarce 1905 Gold $20 Double Eagle ICG MS63 - ToughCOINS. Nevertheless, many investors switched to Double Eagles and their premiums rose substantially. Ethical numismatists decried the over-grading and screamed that it was damaging coin collecting and it was. Finally, in December 1907, a fourth variation was produced, an even lower relief 34-mm version, with Arabic numerals. Amazon's Choice. However, only a symbolic ban on the importation of Krugerrands was imposed, and there was never any proposal in Congress (or anywhere else for that matter) to confiscate Krugerrands. Free Shipping. Our sell prices are among the lowest of all established dealers. This time promoters hyped them as protection against the collapse of the world’s computers and the banking system. The 1849 $20 Liberty Head Gold Double Eagle is one of the rarest and most valuable US coins ever produced. The twenty dollar Liberty Head, also known as a "double eagle," was the first gold coin struck by the U.S. Mint.First authorized in early 1849, it was struck that year as a response to the sudden flow of gold, first in North Carolina in the 1830s and then compounded by the California Gold Rush in 1849. For the best and most secure experience in our catalog, please update your browser. One may say it’s a MS-61, while the other says it’s a MS-63! In the late 1980s, a CMIGS client purchased 192 VF $20 Liberty gold coins. The 2009 Ultra High Relief Double Eagle Gold Coin closes one chapter of American coin design and begins a new one. Numismatics (coin collecting) is a world of its own. Differentiating between an AU-55 and an MS-60 coin calls for even more skill. Consequently, massive quantities of dollars flowed to Europe. First, your “current expert” has to go back to your former “expert.” Why aren’t you still dealing with the original expert? Receive ARTICLES OF INTEREST & SPECIAL OFFERS if you like. If you have questions or need assistance, feel free to give us a call at 1-877-807-MINT Monday through Friday from 8 a.m. to 8 … Prior to 1849, the largest gold coin issued by the U.S. Government had been the $10 Gold Eagle, first struck in 1795. One longtime numismatist claims that “a coin’s unique appearance, luster, toning, depth of strike or peculiarities can affect offers as much as 100% in rare cases.” Unique coins usually trade “sight-seen,” while common-date MS-61s, MS-62s, and MS-63s trade “sight- unseen.” It takes great knowledge to profitably trade in old U.S. gold coins. FREE Shipping by Amazon. Issued in the penultimate year of the war, the 1864 $20 Gold Double Eagles we have available were struck at the San Francisco Mint. Your browser is out of date. The exquisite Saint-Gaudens double eagle ($20) is the result of these two giants of history and their belief that the United States deserved a coinage as epic as the future that lay before the country. In 1998, as the year 2000 approached, the gold coin market became ripe for another promotion of Gold Double Eagle coins. The 1865 S is composed of 90% of gold and 10% of copper, with the weight of 33.436 grams, has a reeded age and measures 34 milimeter in diameter.This 1865 Twenty Dollar Gold coin, designed by James B. Longacre, features Liberty Coronet and Double Eagle. What if it takes 60 days, or 120? Pure 24-karat gold is much more malleable than 22-karat or 90% gold coins, making it better material for striking the ultra high relief. The Double Eagle Gold Coins designed by Augustus Saint Gaudens were first issued in 1907. 2009 US Mint Ultra High Relief Double Eagle Saint Gaudens Gold Coin NGC MS69 PL. Investors new to the gold coin market often confuse the Double Eagles with the modern Gold Eagles, which the U.S. Mint began producing in 1986 for sale to gold bullion investors. Using the digital design and die-making process, the Saint-Gaudens sculpture—in ultra high relief—has been updated to reflect the year 2009, an additional four stars to represent the current 50 states, and the inscription “In God We Trust,” which was not on the 1907 version. 1893-S $20 Liberty Gold Double Eagle Pre-1933 NGC MS62 Older NGC Holder Fresh The coining process for the 34-mm version was too arduous, and the United States Mint would later find out it had no authority to mint the 27-mm version. Why not buy gold bullion coins that can be liquidated at prices which can be determined by anyone? Thank you for signing up with United States Mint! Its income would be derived only from grading fees, and it would survive only if it did a credible job. Besides, do you really want to put a part of your life’s savings in something that may take 30 days to liquidate? Gold investors should avoid old U.S. gold coins and the numismatic market. The $20 Liberty Gold Double Eagle remains one of the most popular US Mint coins due to it being a substantial investment in gold, as well as a piece of history sought after by most serious coin collectors. At the end of WWII, the United States held the largest gold reserves in the world, and U.S. dollars were redeemable in gold by foreign governments (and Americans at that time). The exact number of Double Eagles held by European banks hold is not known, but it is in the tens of millions. With demand so high, and most Civil War gold issues scarce to rare, we rarely have the chance to present coins such as the rare 1864 $20 Gold Double Eagle to our clients. $2,308.77. Between 1850 and 1933, U.S. mints turned out more than 165 million Double Eagles. Sadly, they should have paid no more than $48,000. Liberty Gold Double Eagles Today. It is the rarest and most valuable coin in the world, designed by a famed sculptor at the request of President Theodore Roosevelt in 1905. Yeoman’s A Guide Book of United States Coins, commonly called The Red Book. Low-grade coins show considerable wear. Specifically, in the early 1980s, the late 1980s, and early 1990s, VF-grade $20 Liberty Double Eagles traded at spot; however, in the mid-1980s and the mid- to late-1990s, they gained premiums. Graphs that plot higher-grade Double Eagle prices against spot show the same relationship: premiums changing over time. Certification Agency: ICG. Finally, grading a coin either MS-62 or MS-63 becomes subjective, and “experts” often disagree. When they move on, previous promoted coins suffer. Anyone investing in Double Eagles and other old U.S. gold coins soon hears about “coin grades.” A coin’s “grade” is a visual evaluation of how much wear a coin has suffered. Always have your current expert get offers from the dealer who sold you the coins originally. However, when January 1, 2000, rolled around and no problems arose, investors began selling and premiums dropped precipitously. Liberty’s robe harkens back to our roots as a republic based on the ideals of ancient Greece and Rome. Investors wanting to become more knowledgeable about old U.S. gold coins and grading them should get a copy of R.S. Friendliest service on the internet. Please be advised that due to high sales volume we are experiencing shipping delays. Below is the spectrum of coin grades as developed by the American Numismatic Association (ANA). Despite Saint-Gaudens’ artistic masterpiece, the minting process of the day was not conducive to high relief coins, which he and Roosevelt specifically desired. In 1998, when the premiums were high, the client traded the 192 $20 Libertys for 1-oz Gold Eagles. The unfortunate story told above about the man who invested $150,000 but received coins worth $35,000 is not unique. Any initial confusion is understandable because of the similarity of the coins, as both coins carry the famed sculptor Augustus Saint-Gaudens’ design of Lady Liberty. 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