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$20 Gold Coin
Numismatics, Division of Information Technology & Science, National Museum of American History

$20 Gold Coin

Date: 1854
Catalog #: 1984.1046.0440    Accession #: 1984.1046
Credit: Numismatics, Division of Information Technology & Science, National Museum of American History

Dimensions / Weight

Dimensions: 1.339" H x 1.339" W

Physical Description

Gold coin. Obverse "Lady Liberty" surrounded by stars, "1854" engraved at bottom.

General History

Liberty Double Eagle $20 gold coin is one of the world’s most recognized gold pieces. This coin was one of the building blocks of the growing American economy and financial markets in the 19th and 20th centuries. Liberty gold coins were used in every aspect of American economic life, from the man on the street to multi-million dollar transactions. The classic portrait of Miss Liberty on the coin’s obverse will always serve as a powerful reminder of the emergence of the United States as a world power in the latter half of the Nineteenth Century. During the time of the $20 Liberty’s issue, the official price of gold was $20.67 an ounce. The gold content of the Double Eagle was fixed at .9675 oz., equaling its $20 value in gold weight. The largest gold piece issued by the United States Government prior to the $20 gold coin had been a $10 gold coin. That coin was referred to as the “Eagle,” hence the $20 gold coin became known as the “double eagle.”


Keywords

Country: United States
Era: Expansion and Reform (1801-1861)
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