Learn About Gold Double Eagles With Gold-Eagle.org

November 18, 2009 - The $20 Lady Liberty coin was the first of the gold Double Eagles minted by the US Mint, and the title “Double Eagle” was given because the $20 face value was double the largest US gold coin available at the time. The $20 Lady Liberty was minted because of the 1849 discovery of gold in California. The California Gold Rush allowed the US Mint to acquire its fair share, and the monumentuous occasion was marked by the inception of the $20 Lady Liberty coin.

In 1907, President Theodore Roosevelt authorized the creation of a new $20 gold coin. Augustus Saint-Gaudens designed the coin, and the $20 gold coins that were produced by the United States from 1907-1933 are now known as Saint Gaudens Double Eagles. These gold Double Eagles were rarely used as currency because of their immediate numismatic value, but all of the Double eagle coins were legal tender within the United States.

Investors value the gold Double Eagles today for their numismatic worth, their valuable one-ounce gold content, and their deemed non-confiscatability by the US government. These coins are not recommended for short-term gold investors who are only looking for a quick profit, because they are more expensive than gold bullion. Investment-grade Double Eagle coins are for investors who want a long-term position in the gold market, and who want to store their own gold with confidence. For more information on non-confiscatable gold and modern-day gold bullion, call us or contact us online for your copy of the Insider’s Guide To Gold Investing. 

Daily Updates Archive

Joshua Harris

Senior Staff Writer - Gold-Eagle.org