# 169 - The Double Eagle
Following the discovery of vast quantities of gold in California, the US Treasury Department decided to create a new coin called the "Double Eagle", for it was twice the size of the previous highest denomination, the "Eagle".
These $20 gold coins received the name of "Liberty Head Double Eagles" and were minted from 1850 to 1907.
Their weight was 33.4g with gold purity of 90%.
There are actually three varieties of "Liberty Head Double Eagles": the 1850-1866 style with the denomination expressed as TWENTY D, the 1866-1876 style with the denomination expressed the same way but with the addition of IN GOD WE TRUST, and the 1877-1907 type with the denomination expressed as TWENTY DOLLARS.
We will show you a 1902-S "Double Eagle".
The reverse show us an eagle, flanked by particularly ornate scrolls, with stars and rays above.
The reverse shows the head of Miss Liberty facing left.
The San Francisco Mint issued 1,753,625 $20 in 1902. The actual price is around U$1,350.00 in this grade.
I hope you have enjoyed this article.
Thank you for reading. Please comment, upvote, resteem and advise me.
Very Nice! Can you tell me more about my 1875 Double Eagle?
Here's the pix I have of it...
What grade would you give that? I had it pegged around $1300 when I gave $1200 for it about a year ago... Spot price was like $1250/ozT then.
It is almost impossible to determine the grade of a gold coin looking at photos. In your case, the two sides of your coin appear to be from different coins, due to the different light, shadows and luster. The Liberty Heads have an additional problem: so many of these coins were cleaned or lightly dipped that it takes a professional to check and grade it. Remember that cleaned or dipped coins cannot be graded.
I graded my coin as EF45 and that made it a $1,350 value according to PCGS. If your is graded between EF45 and AU55, it worths $1,500 , according to PCGS.
Definitely the same coin, I took the pix. I really need a light box for that type of thing!
It appears to have been Minted at the Old San Francisco Mint... Due to its Date, Mint Mark, Face Value and Wear, I think it's probably worth about 1,400 Federal Reserve Note Dollars "now" or 2,200 Federal Reserve Note Dollars, "after" the Reset... As per my P.C. Theory, after the Reset, you can also obtain "either" 22 Dollars in Physical U.S. Coinage, 22 U.S. Trade Dollars "or" 22 U.S. Crypto-Dollars for it... It's all part of the Transfer of Wealth we've all been hearing so much about...
Beautiful coin Ron! It’s amazing to think people used to actually use these 😁👍
Yes, this coin was used and it looks almost new. I am always dreaming of a time-machine. I would buy some old used notes and I would change them at banks for some Saint Gaudens fresh new. Marvelous!
Don’t have one of those in my collection anymore. Wish that I did. I love the pre 33 gold coins. Thanks for making me jealous.....
Don't worry. Soon the steem will jump and you will be able to fill this gap in your collection.
Yup, the reverse of that gold coin is very, very nice. However, if I can buy only one double eagle, it is the $20 St Gaudens Double Eagle that I will get. It is actually in my list as the next 1 oz gold coin for me to purchase, and hpe to do it before the end of this year! I am so dreamy excited about it!!!
The premium on the St Gaudens is sometimes much higher than on the Liberty Head...
Always enjoy seeing coins you post.
Thank you. You are always welcome here.
That's a nice looking coin, might have to get me some of them when GSR drops down to 10:1, cheers mate.
Almost one ounce of pure gold, with little numismatic premium.
always love old gold coins. I've wanted one of those for a long time.
Or you act now that the gold price is so cheap or you wait a little and the steem price will make this coin a cheap one.
As per my P.C. Theory, a Twenty Dollar U.S. Coin will have the Purchasing Power of 2,000 Federal Reserve Note Dollars... Naturally, some U.S. Coinage will have a "Collectors Premium" attached...
In America we have some bullion $10 coins made of gold, of platinum and of gold/platinum. Will all of them have the same purchasing power of 1,000 federal reserve note dollars, independent of the material? If we had a silver $10 coin, its purchasing power would be the same?
Just multiply the Face Value by 100, and that will be it's Purchasing Power in Federal Reserve Notes... If a U.S. Coin says One Dollar, be it Clad or Silver, the Purchasing Power would be equal to 100 Federal Reserve Note Dollars... There will be Collector Premiums attached to some U.S. Coins... The Face Value amount times One Hundred, will be it's Minimum Purchasing Power... Once the Redemption Period is over, everyone will be totally adjusted to the new Purchasing Power of our Coinage... Melt Value of the Coinage does not reflect its Purchasing Power... Three, copper coated, zinc pennies will purchase a Pound of Pure Copper...
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