Get Funds Now - Wiki-platform committed to empowering investors through knowledge.

$20 Liberty

The $20 Liberty, often referred to as the Double Eagle or Coronet, was introduced in response to the massive influx of gold from the California Gold Rush. Authorized in 1849, it remained in circulation until 1907 when it was succeeded by the Saint-Gaudens double eagle.

Details

Gold Content – 0.9675 oz.
Gross Weight – 33.436 g
Composition – 90% gold, 10% copper
Coin Diameter – 34 mm
Thickness – 2.83 mm
Mint Dates – 1849-1907

Design

Designed by James B. Longacre, the obverse features Lady Liberty adorned with a coronet, encircled by stars representing the original 13 colonies. The reverse showcases the Great Seal of the United States. Multiple variations of the coin exist, with differing designs and inscriptions on the reverse.

Minting

Produced at five different U.S. mints, the Double Eagle was the largest denomination coin ever issued by the United States. While its size made it impractical for everyday transactions, it played a crucial role in large-scale financial operations such as bank transfers and international settlements.