Wednesday, November 26th, 2014 MST

$20 Liberty Gold Coins

$20 Liberty Head gold coins and $20 St. Gaudens are the most promoted gold coins on the Internet. Investors searching for information about gold coins or gold investments will find so many websites dedicated to $20 Liberty gold coins and $20 St. Gaudens that they may come to believe that they are best gold coin investments. This is not the case.

Gold bullion coins are the best coin investments because they sell at smaller premiums and are less likely to be overpriced. There is also a bigger market for gold bullion coins. New investors should get the facts about gold bullion coins before buying $20 Liberty gold coins or the St. Gaudens gold coins.

  • $20 Liberty Gold Coin
  • $20 Liberty Gold Coin

$20 Liberty Gold Coins are also called Double Eagles

$20 Libertys and St. Gaudens are commonly called Double Eagles and served as money in this country until 1933 when they were called in by President Franklin Roosevelt.

Other popular old U.S. gold coins are the $10, $5, $2-1/2, and $1 coins, both the Liberty type and the Indian Head type. Whereas the $20 coins are dubbed Double Eagles, the $10 coins are called Eagles, the $5 coins Half Eagles, and the $2-1/2 coins Quarter Eagles.

When to Buy US 20 Dollar Gold Coins

US $20 Liberty gold coins are basically bullion coins whose prices track the spot price of gold. $20 Liberty gold coins are good investments only when they sell at spot or at small premiums over spot. Look at the graph that tracks VF-grade $20 Libertys against the spot price of gold. At times, VF $20 Libertys have traded at spot and at other times they have carried big premiums.

Specifically, in the early 1980s, the late 1980s, and early 1990s, VF-grade $20 Liberty gold coins traded at spot; however, in the mid-1980s and the mid- to late-1990s, they gained premiums. Since the Y2K scare ended, VF-grade $20 Libertys have traded at spot, making them more attractive to investors.

Graphs that plot higher-grade Double Eagles’ prices against spot show the same relationship. In 1992, common-date MS-62 St. Gaudens sold at $20 over spot. When buying $20 Liberty gold coins and St. Gaudens, investors should closely analyze the coins’ premiums. For an extensive reading on why many dealers promote $20 Liberty gold coins, read our Myths, Misunderstandings, and Outright Lies.

Twenty-dollar Liberty Gold Coin Specs

The $20 Liberty Head gold coin and its successor, the St. Gaudens, are the largest coins produced (1850-1933) by the U.S. Mint for general coinage. Measuring 34 mm in diameter, the coins weigh 33.436 grams each (One ounce contains 31.1 grams), are alloys of 90% gold and 10% copper, and each contains .9675 ounce of gold. Twenty-dollar Liberty gold coins have reeded (milled) edges, but the St. Gaudens have lettered edges.

Buy Liberty Gold Coins at Competitive Prices

Although CMIGS generally recommends modern gold bullion coins, we offer $20 Liberty Head gold coins at competitive prices because of our 34-years in the gold coin industry has enabled us to make many contacts with $20 Liberty coin sellers. $20 Liberty gold coins are magnificent coins, and when they sell at low premiums they are an excellent way to invest in gold coins.

Investing in $20 Liberty Gold Coins

If you would like to discuss investing in 20-dollar Liberty gold coins or any aspect of the gold and silver markets, please call. We take calls 7:00 a.m. to 5:00 p.m. MST, Mondays through Fridays. Call toll free 1-800-528-1380.

Minimum $20 Liberty Order

The minimum order for $20 Libertys at CMI Gold and Silver Inc. is five coins (unless a smaller quantity is offered on our Gold Specials Page). Orders up to $20,000 may be accepted without a deposit. Usually, payment by bank wire transfer is required for large orders. Sometimes, a deposit may be required before prices are locked in for large orders. See Doing Business with CMIGS.