The $18 Million Gold Coin: Why Collectors Covet This Rare Specimen
According to Vibes.okdiario, The 1849 Coronet Head Gold $20 Double Eagle is an extraordinary coin, notable not only for its face value of $20 but also for its unique status within numismatic history. This remarkable piece is part of the Smithsonian Collection, making it a significant artifact in American history.
Coin Specifications
- Obverse Design: The obverse side of the coin features Liberty, without any accompanying motto. Its unique mintage stands at just 1, making it one of a kind.
- Metal Composition: The coin is composed of 90% gold and 10% copper, contributing to its striking appearance.
- Size and Weight: The diameter of the coin measures approximately 34mm, with a total mass of 33.44 grams.
Minting Location
While the coin lacks a mint mark, it was struck in Philadelphia. This location is historically significant, as it was the primary minting site for many coins during the era.
Valuation and Rarity
As one of the most valuable coins in the United States and around the world, the 1849 $20 Liberty Head Coin is incredibly rare. Though it resides in the National Numismatic Collection and is not for sale, experts estimate its value to be around $18,989,940 (graded Proof and PR-63). Some numismatists speculate that if it were ever offered for sale, it could fetch up to $20 million.
Also read: Barber Coins Explained: Why Yours Could Be More Valuable Than You Realize
In terms of melt value, based on current gold prices, the coin is estimated to be worth approximately $2,674.18 according to the USA Coin Book website. However, its historical significance far exceeds its melt value, making it a priceless piece of American heritage.
Reverse Design
The reverse side of the Liberty Head Gold Double Eagle features the inscriptions “UNITED STATES OF AMERICA” and “TWENTY D.” The design includes an eagle surrounded by 13 stars, symbolizing the original thirteen colonies that declared independence from Britain. The eagle, a powerful American symbol, clutches arrows and an olive branch, representing both readiness for conflict and a desire for peace. Additionally, the eagle holds a flowing ribbon in its beak.
Conclusion
The 1849 Coronet Head Gold $20 Double Eagle is not merely a coin; it is a piece of history that embodies the rich narrative of the United States. Its rarity and significance make it a coveted item for collectors and historians alike, highlighting the enduring allure of numismatic treasures.
