Once upon a time long ago, there were gold coins in many denominations, including 20 dollars. If you buy gold coins, you likely have at least one of these. However, you are not likely to have the most valuable 20 dollar gold coins in existence. This is because these little gems would set you back quite a bit.
The 1904 Liberty Head Gold Double Eagle is made of ten percent copper and 90 percent gold. With just under one ounce of pure gold content, Gold Double Eagles are considered a U.S. numismatic bargain. They sell for about $700 or more but allow you to own 100 to 150 year-old coins for about the same cost as the bullion they contain.
In 1907, the Saint-Gaudens Walking Liberty Double Eagle was produced without the “In God We Trust” motto, at the request of President Theodore Roosevelt. This move was short-lived because the motto was back on the coin by 1908. Saint-Gaudens Double Eagles minted in 1908 before the restoration fetch about $750 at a grade of MS-62.
It just so happens that a 20 dollar gold coin is considered the most expensive coin on the planet. In 1933, production of the 20 dollar Double Eagle was discontinued by executive order of President Roosevelt when he took the U.S. off the gold standard. However, no one bothered to inform the U.S. Mint so it created 445,000 of the coins but never placed these in circulation. By 1937, the coins were destroyed, but not before several of them were stolen.
All of these coins but one were subsequently recovered. That one remained elusive for many years, surviving many attempted recoveries. After being found and much legal wrangling, the coin was sold in 2002 for an amazing $7,590,020. While most of us can only dream of owning a coin this valuable, we can find some great deals on other 20 dollar gold coins.
Tomorrow we’ll talk about 50 dollar gold coins.