How Big is a $20 Gold Coin?
When it comes to investing in gold, one of the most popular options is the $20 gold coin, also known as the Liberty Double Eagle. These coins have been a staple in the world of numismatics for decades, and their size is often a topic of interest among collectors and investors. In this article, we will delve into the dimensions of a $20 gold coin and explore the history and significance of this iconic coin.
Dimensions of a $20 Gold Coin
The $20 Liberty Double Eagle gold coin is made of 90% gold and 10% copper, and it weighs 33.436 grams (1.0909 troy ounces). In terms of dimensions, the coin measures 34.1 mm (1.34 in) in diameter and has a thickness of 2.0 mm (0.079 in). These dimensions may seem small compared to modern coins, but they were quite impressive for their time.
Design and Features
The $20 Liberty Double Eagle coin features an iconic design that has been revered by numismatists for generations. The obverse side of the coin features a majestic image of Lady Liberty, designed by Augustus Saint-Gaudens, a renowned American sculptor. The reverse side of the coin showcases a soaring eagle in flight, symbolizing the United States and its ideals of freedom and strength.
Rarity and Value
The $20 Liberty Double Eagle coin was minted from 1907 to 1933, and its rarity and value have only increased over the years. In 1933, the production of the coin was halted due to the Gold Reserve Act, which prohibited the private ownership of gold coins in the United States. Only 445,500 coins were minted between 1907 and 1933, making them highly sought after by collectors and investors.
Historical Significance
The $20 Liberty Double Eagle coin has played a significant role in American history. During the early 20th century, the coin was a symbol of American strength and prosperity, and it was widely used in international trade. The coin’s design has also been influential, with many modern coins drawing inspiration from its classic design.
Why is it Illegal to Own a 1933 $20 Gold Coin?
As mentioned earlier, the production of the $20 Liberty Double Eagle coin was halted in 1933 due to the Gold Reserve Act. However, in 1937, the Treasury Department released a small number of coins, known as the "Saint-Gaudens Double Eagles," to be used as a gift for foreign dignitaries. Only 20 coins were released, and they are considered some of the rarest and most valuable coins in the world.
Conclusion
In conclusion, the $20 gold coin is a fascinating piece of American numismatic history. Its dimensions, design, and features have made it a sought-after collectible item among coin enthusiasts. Whether you’re a seasoned collector or a beginner, the $20 Liberty Double Eagle coin is a valuable addition to any collection.
Dimensions of a $20 Gold Coin
| Dimension | Value |
|---|---|
| Diameter | 34.1 mm (1.34 in) |
| Thickness | 2.0 mm (0.079 in) |
| Weight | 33.436 grams (1.0909 troy ounces) |
History of the $20 Liberty Double Eagle Coin
| Year | Mintage | Value |
|---|---|---|
| 1907-1909 | 1,130,000 | $1,000 – $2,000 |
| 1910-1920 | 4,020,000 | $500 – $1,000 |
| 1921-1933 | 445,500 | $5,000 – $10,000 |
Note: The values listed are estimates and may vary depending on the condition and rarity of the coin.
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