A $20 Gold Liberty Double Eagle certified as NGC MS64 is a highly desirable coin for both collectors and investors. Here’s a detailed breakdown of what this coin represents and its value.
Coin Description
- $20 Gold Liberty Double Eagle: This is a U.S. gold coin minted from 1850 to 1907.1 It’s also known as the “Coronet Head” Double Eagle. The obverse features a classic design of Liberty by James B. Longacre, and the reverse displays a heraldic eagle.2 The “Double Eagle” designation refers to its denomination of $20, twice the value of a regular gold Eagle ($10).
- NGC: This stands for Numismatic Guaranty Corporation, which, along with PCGS, is one of the most reputable third-party coin grading services in the world. An NGC-certified coin is guaranteed to be authentic and has been professionally graded and encapsulated in a protective slab.
- MS64: This is a “Mint State” grade, indicating that the coin is in uncirculated condition with no signs of wear from being used in commerce.3 A grade of MS64 is considered “Choice Uncirculated.”4 Coins in this grade typically have a strong strike and good luster, but may have some scattered contact marks or a few light hairlines. These imperfections, however, do not significantly detract from the coin’s overall appeal. An MS64 is often seen as a great balance between high quality and a more affordable price than a “Gem” grade (MS65 or higher).5
Value
The value of an NGC MS64 $20 Gold Liberty Double Eagle is determined by several key factors:
- Gold Content: The coin contains 0.9675 troy ounces of pure gold.6 Its value is always tied to the current market price of gold, which can fluctuate.
- Numismatic Value: The value above its gold content is the numismatic premium, which is influenced by the coin’s rarity, date, and mint mark. For a common-date coin, an NGC MS64 $20 Gold Liberty Double Eagle is typically valued between $3,500 and $4,500.7 However, prices can vary based on market conditions and the specific retailer.
- Rarity: Some dates and mint marks are significantly rarer than others, commanding much higher prices. For example, a rare-date coin from the Carson City mint in this grade can be worth tens of thousands of dollars or more.
- Eye Appeal: Within the same grade, a coin with exceptional “eye appeal” — which includes a strong strike, vibrant luster, and minimal distracting marks — may be worth a premium. Some coins may also receive a “plus” designation (e.g., MS64+) or a CAC sticker, which signifies superior quality for the grade.8
Where to Buy and Sell
You can find these coins from various sources, including:
- Authorized Coin Dealers: Many reputable coin dealers and online bullion retailers like APMEX and SD Bullion offer certified gold coins.
- Auction Houses: Major numismatic auction houses are excellent places to find both common and rare dates.
- Online Marketplaces: Sites like eBay also have a large inventory, but it is important to verify the seller’s reputation and the authenticity of the listing.
It is always recommended to consult a respected pricing guide, such as the NGC Price Guide or a CDN Greysheet, for the most up-to-date and specific value of a particular date and mint mark.
