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$20 Liberty

In Pre 1933 Gold

Last updated 5 years ago
Previous Next $20 Liberty

Congress authorized the United States Mint to create a $20 gold coin on March 3, 1849, to deal with the massive amount of gold flowing into the mint from the California Gold Rush. When it was realized that a $20 gold coin, or double eagle, could be minted in half the time it took to produce two $10 gold coins with the same amount of gold, the Liberty became the highest valued coin. Since $20 was a considerable amount of money in the 19th Century, the $20 Liberty was predominantly used for bank-to-bank transfers and international finance. It remained in production until 1907 when the U.S. Mint began minting the $20 Saint-Gaudens.

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