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Teletrade®'s About the Coins:

The United States U.S. Gold Auction...
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Introduction

The Double Eagle
is Born

Type I
1850-1866

Type II
1866-1876

Type III
1877-1907

Saint-Gaudens
1907-1933

Double Eagles
as Collectibles

The $20 S Mints

Recommendations

Introduction

The twenty dollar gold piece, known as the double eagle, has always been a favorite with numismatists. Containing nearly one ounce of gold, it is the largest and most impressive of all United States coinage denominations. Indeed, holding a double eagle imparts a feeling of greatness and importance. Additionally, the twenty dollar piece has many historical ties. The birth of the double eagle came during the heat of the gold rush, when Californians begged for a large federal gold coin. Finally, collectors have been attracted to twenty dollar pieces for their unquestionable beauty. In fact, they have been hailed as the most beautiful coins ever struck.

The twenty dollar gold piece also represents intrinsic value. Indeed, the first double eagles were struck over 150 years ago as a trustworthy, real form of money. They fulfill that same purpose today. In addition to being a tangible store of wealth, double eagles are recognized as treasured collectibles. Since they have not circulated for decades, intense collector interest has developed for these historic coins. The value of the twenty dollar gold piece is not only supported by its substantial bullion content, but also its numismatic desirability.

A General Overview

Double eagles were struck continuously from 1850-1933 and feature two distinct designs. The Liberty or "Coronet" motif was minted from 1850-1907, and is divided into three distinct types. The first group, minted from 1850-1866, is known as the Type One or No Motto series. After the Civil War, the legend
"In God We Trust" was added to the reverse, thus creating the Type Two variety. Finally, in 1877, the reverse inscription "TWENTY D." was lengthened to "TWENTY DOLLARS." This style was used until 1907 and is known as the Type Three version.

The second major design, also considered strikingly handsome, is the "Saint-Gaudens" design. This version was implemented in 1907 and lasted until the double eagle was terminated in 1933. Unlike the Liberty type, which features a classic 19th century style, the Saint-Gaudens motif is powerfully modern and is the pinnacle of 20th century numismatic art. The design is known the world over for its exquisiteness—even amongst non-collectors.

Next:  The Double Eagle is Born




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