The True Value Of The Liberty $20 Gold Coin

Because of the high price of gold and silver these days, investors are turning to invest in precious metals . In the past century people have actually developed a real fascination and interest in acquiring gold coins. There are those who are interested in them because they are true collectors of fine items like silver and gold coins. Others find them as a profitable means of investment.

One of the most popular gold coins ever produced is the Liberty $20 gold coin. The more popular which was the coin designed by Augustus Saint-Gaudens was not actually the first Liberty $20 gold coin to be minted by the US government. The first one was designed by James B. Longacre and was regularly manufactured in 1850. On the obverse, was the picture of the Liberty wearing a crown. The word LIBERTY is written on it. Thirteen stars are also evident and it symbolizes the 13 colonies. The reverse side of the coin also featured 13 stars and with the words United States of America written in an arch form. This $20 Liberty coin was often referred to as the Liberty $20 Double Eagle or the $20 Liberty Coronet. It was widely circulated during that time and was in production until 1907. It was actually used as a legal tender in the US.

In 1905 President Franklin D. Roosevelt, during his term as President commissioned Augustus Saint-Gaudens who was also his dear friend to re-design the Liberty coin. President Roosevelt wanted something as grand as Greek and Roman gold coins because he believed that the United States was already starting to make itself as one of the most powerful nations of the world. The result was to be one of the most intricately designed coins in the US and in the world as well. The obverse side of this renowned gold was a stunning imagery of Liberty holding the torch of freedom on her right hand and the olive branch of peace on the left. Her hair was set in a flowing motion in perfect sync with her flowing gown. The first ever introduction of this coin was in 1907. When it was released, President Roosevelt did not include the words “In God We Trust” because he did not think it was appropriate or blasphemous. But it was inevitably incorporated in 1908 when the popular opinion of the US public won. That is why this $20 Liberty coin can also be referred to as with or without motto.

Because of the coin's rich history and the fact that its circulation was ordered stopped by the cousin of the President who commissioned it, President Franklin Roosevelt in 1933 the true value of this coin is priceless. A growing number of collectors and investors have seen the beauty of this coin. Avid coin collectors are going to auctions and searching online to be able to find a $20 Liberty gold coin in good condition. Its actual value when it was recalled by President Roosevelt was $20.67 but today because of the scarcity of the coin it is now valued at a very high price and considered as one of the most wanted collectors' coins in the world.

There a lot of ways to acquire rare gold coins including the $20 Liberty Gold coin. You can use the internet to your advantage to hunt for precious gold coins like the Liberty. Before you do, make sure that you take precaution on where and how you make your transactions.

By: Daryl B. Chapman

Article Directory: http://www.articledashboard.com

Where to sell gold? Click on the links and find information on where to sell gold, bullion, bars and other precious metals.