$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 (Double Eagles) that they may come to believe that they are best gold coin investments. This may, or may not, be not the case.
$20 Libertys are good investments only when they carry low premiums. Still, investors need to know that there is a bigger market for gold bullion coins, which means a tighter spread.
New investors should get the facts about gold bullion coins and $20 Liberty Heads before buying either. CMI brokers can provide the details. Call us at 800-528-1380.
$20 Liberty Gold Coins are also called Double Eagles
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 Half-Eagles and the $5 coins Quarter-Eagles. The $2-1/2 and the $1 are dubbed “Gold $2-1/2 coins” and “$1 coins,” respectively.
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. Nowadays, VF-grade $20 Libertys trade 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 (1849-1933) 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 more than four decades 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 Thursdays, Fridays 7:00 a.m. to 3:00 p.m. Call toll free 1-800-528-1380.