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Collectors And Coin Dealers Article Of The Week
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 Gold & Silver Coins Information
Buy the scarcest coin in the best condition that you can afford. Many collectible gold coins sell near the melt price of gold because there are more than enough around to cover demand. When gold increases or decreases in value, these coins will follow. But the higher the grade, the lower the population and demand will push up the price rather than just following the price of gold.
Buy gold coins.
Any highly experienced coin authenticator will tell you that they often can't tell you why a given specimen is fake, (short of doing a full objective analysis, as explained below.) All they can say is that it doesn't "look right." Learn what the genuine silver coin looks like, and when you get that little red flag waving in your head that something looks wrong, even if you can't put your finger on exactly what is wrong, trust your senses and don't buy the coin!
Buy Mexican gold coins.
In October 4, 2007, David Albanese (president of Albanese Rare Coins) stated that a $10 - 1804-dated Eagle coin (made for President Andrew Jackson as a diplomatic gift) was sold to an anonymous private collector for $5 million.
You can buy 20 franc gold coins in our store.
On March 10, 1862 the first United States paper money was issued. The denominations were $5, $10, and $20. They became legal tender by Act of March 17, 1862. The inclusion of "In God We Trust" on all currency was required by law in 1955. The national motto first appeared on paper money in 1957 on $1 Silver Certificates, and on all Federal Reserve Notes beginning with Series 1963.
Buy silver dollars for a great investment.
When it comes to hand lenses, four or five powers of magnification seem to be the norm for many collectors. At these powers, an entire coin may be viewed all at once, which is especially useful when grading. Nevertheless, unless you are an experienced numismatist, you will not be able to see characteristics such as metal flow, die doubling, and counterfeit diagnostics on many coins when using minimal magnification. The micrograph shows the head detail of a genuine 1861-O CSA Obverse Seated half dollar. This view is close to what you would expect to see when using a 10� hand lens.
Buy US paper money.
1884 silver dollars News From Around The World
Huntington Collection to be sold by Hispanic Society of America
Sat, 09 Aug 2008 19:03:03 +0000
Spanish Coins Face Stealth Sale by Secret Museum, Frank Lorenzo Is Said to Change Hispanic Society of America
Byline: Matthew Russell Lee of Inner City Press, in NYC: News Analysis
NEW YORK, August 6 — Under a leaking ceiling on 155th Street in West Harlem, paintings by Goya and Velasquez hang in near obscurity in the Hispanic ...]
Kagin’s Offers $5,000 Reward for Standish Barry Counter-marked Coin
Thu, 31 Jul 2008 16:26:43 +0000
A $5,000 finder’s fee reward is being offered by Kagin’s, Inc. of Tiburon, California for confirmation of the second known gold coin counter-stamped with the genuine hallmark of Baltimore silversmith, Standish Barry. The only coin now known with the hallmark is the unique 1735 imitation Lima 8 escudos that was found in the collection ...]
2. When was the English half penny discontinued?
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posted by Silver Eagle @ 12:05 PM
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