The $20 Gold Double Eagles are among the most significant and recognizable coins in American history. First minted in 1849 under the Coinage Act, these coins were introduced at a time when the U.S. needed a larger denomination to facilitate growing trade, particularly during the California Gold Rush.

With a face value of $20 and nearly a full ounce of gold content, they became a vital part of the nation’s monetary system. For collectors and investors, $20 Gold Double Eagles remain a symbol of both historical importance and lasting value.

Origins and Minting of the $20 Gold Double Eagles

The creation of the $20 Gold Double Eagles came in response to the abundance of gold flowing into the U.S. during the mid-19th century. The Coinage Act of 1849 authorized their production as a means to ease international trade by introducing a high-value coin.

Composed of 90% gold and 10% copper, the double eagle weighs approximately 1.075 ounces, with a gold content of 0.9675 troy ounces. The coin’s large size and significant gold content helped position it as a cornerstone of U.S. currency. Like modern gold bars and rounds, these coins represented a tangible asset for trade and investment.

The Saint-Gaudens Design: A Masterpiece of American Artistry

Perhaps the most famous version of the $20 Gold Double Eagles is the Saint-Gaudens design, first minted in 1907. President Theodore Roosevelt personally sought to revitalize U.S. coinage by commissioning sculptor Augustus Saint-Gaudens to create a design that would embody American ideals and craftsmanship.

The obverse of the coin features a striking image of Lady Liberty, holding a torch in one hand and an olive branch in the other, symbolizing enlightenment and peace. The reverse shows a soaring eagle, a powerful symbol of freedom and strength.

The Saint-Gaudens double eagle is renowned for its artistic merit, often compared to large size notes from the same period, which also featured elaborate and detailed designs. These coins remain highly sought after, especially certain variations like the 1907 high-relief version, which stands out for its intricate details.

The Double Eagle and the Gold Standard

The $20 Gold Double Eagles played a significant role in the U.S. monetary system until 1933 when the nation was forced off the gold standard amid the Great Depression. At that time, President Franklin D. Roosevelt issued an order requiring the public to surrender their gold coins, including double eagles, which were subsequently melted down by the government.

However, a few rare examples, such as the 1933 Saint-Gaudens double eagle, escaped this fate and are now some of the most valuable coins in existence. One such coin sold for over $18 million at auction, marking it as one of the highest prices ever paid for a coin.

Collectibility and Investment Potential of $20 Gold Double Eagles

$20 Gold Double Eagles are prized not only for their historical importance but also for their enduring investment value. Many collectors seek out specific “key dates” within the series, including coins with lower mintage numbers or unique features.

The 1907 high-relief and certain mint marks, such as those from the Denver or San Francisco mints, add to the rarity and value of these coins. In this way, $20 Gold Double Eagles continue to attract both collectors and investors who appreciate their blend of artistic craftsmanship and intrinsic gold value.

Build Your Collection!

For collectors and investors, $20 Gold Double Eagles offer both historical value and investment potential. At Coin Exchange, we provide expert appraisals and a diverse selection of rare coins to help you build a collection that aligns with your goals.

Our knowledgeable team is here to assist you in finding the right pieces to add to your collection or investment portfolio.