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What Are Gold Double Eagles?
By Michael Zielinski
Gold Double Eagles are $20 face value coins which were issued by the United States between 1849 and 1933. These are the largest denomination regular issue US coin.
The term 'double eagle' was specifically used in the authorizing legislation from Congress passed on March 3, 1849. $10 face value coins were already being produced and were referred to as 'gold eagles.' Thus the new coin with twice the value and gold content was referred to as the 'double eagle.'
The first double eagle was dated in 1849, the same year as the California Gold Rush. Although the coin carried this date, it was actually minted one year earlier in 1850. The first double eagle produced now resides in the Smithsonian Institute in Washington, DC.
There were two regular series of Double Eagles produced. They were the Liberty Head series and Saint Gaudens series.
The Liberty Head series was produced between 1849 and 1907. These coins had a weight of 33.436 grams with a standard composition of 90% gold and 10% copper. The net gold weight was .96750 ounces. The coins had a diameter of 34 millimeters and were minted at the Philadelphia, Carson City, Denver, New Orleans, and San Francisco Mints.
The Saint Gaudens series was produced between 1907 and 1933. The coins take their name from the designer, Augustus Saint Gaudens. They share the same specifications as the prior series and were minted at the Philadelphia, Denver, and San Francisco Mints. The Saint Gaudens Double Eagle is widely considered to be the most beautiful U.S. coin. The same design is currently used on the American Gold Eagle Bullion Coins.
About The Author
Michael Zielinski is an internet entrepreneur and coin collector. Find more information on Liberty Head Double Eagles and Saint Gaudens Double Eagles.
More Money & Coin Collecting Info
The really expensive collectors paper money (1,000 to 50,000 US dollars) is usually sold at large auction houses such as Spinks (the coin and currency arm of Christies), Stacks and some paper money specific houses (Currency Auctions of America and Lyn Knight Auctions). They also handle lots in the 300 US dollar range and above.
Buy silver dollars for a great investment.
The first lesson of storage is to tell nobody you own the gold coin. If nobody knows, you will run almost zero risk of theft. The second lesson of storage is to keep your gold coin close to you at all times. The reason you are buying the gold coin is for wealth attraction. You will have the greatest luck if you keep the coin in your pocket, briefcase, purse, of house. If you already wear gold jewelry, it's probably fine to store the coin in your house. If you do not wear any gold jewelry, consider keeping the coin in your pocket, briefcase, or purse so you always have a piece of gold close to you for luck. Remember, don't brag about the coin or show anyone. Keep it in a hidden place.
Buy a price guide for silver dollars to know the value of silver dollars.
In 1775 American colonists issued paper currency for the Continental Congress to finance the Revolutionary War. The notes were backed by the "anticipation" of tax revenues. Without solid backing and easily counterfeited, the notes quickly became devalued, giving rise to the phrase "not worth a Continental."
Buy old silver dollars for a great investment.
All The Latest News From The 1889 silver dollars World
New Book Teaches Techniques and Tips on How to Photograph Coins
Here's a press release I received from Zyrus on a new book coming out in July.
Rare Coins Produce Higher Returns Than Gold, Despite Lag
Thu, 17 Jul 2008 20:18:58 +0000
Since 2002, Blanchard has been telling our clients that the price of gold was going up – a lot. We believe that the current bull market will end only when gold surpasses it’s old high of $850. In today’s dollars, that would mean a price of more than $2000 per ounce! We’ve still got a ...]
A Story of Two Coins - Part 1
Mon, 09 Jun 2008 00:02:15 +0000
by Cole Schenewerk from the California Numismatist Magazine
Every coin tells a story. Coins can tell stories of love, greed, hate, and many other things. Anyone who collects coins can do a little research and bring these stories to light. Ancient coins tell especially amazing stories. The paragraphs below tell of two coins that I earned ...]
Coin Trivia for 5 Aug 2008
1. What was the initial year for the copper-nickel 5-cent piece?
Labels: eisenhower uncirculatred silver dollars | get morgan silver dollars
posted by Silver Dollar @ 6:37 PM
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