A PCGS MS64 $20 Gold Liberty Double Eagle is an exceptional coin that appeals to both numismatists and precious metal investors.1 Here is a detailed breakdown of the coin and its value.
Coin Description
- $20 Gold Liberty Double Eagle: This coin was minted from 1850 to 1907.2 It’s often called the Coronet Head Double Eagle, and it was the largest U.S. circulating coin by value.3 The obverse features a profile of Liberty wearing a coronet, while the reverse shows a heraldic eagle.4 The design was created by James B. Longacre.5
- PCGS: This stands for Professional Coin Grading Service, a top-tier third-party grading service that authenticates coins and assigns them a professional, objective grade based on their condition.6 A PCGS-graded coin is considered a secure and reliable investment.
- MS64: This is a “Mint State” grade on the Sheldon scale, meaning the coin is uncirculated and shows no signs of wear.7 A grade of 64 indicates a “Choice Uncirculated” coin with a strong strike and good luster.8 While it may have some minor, scattered contact marks or light hairlines, these imperfections do not significantly detract from the coin’s overall eye appeal. This grade is a popular “sweet spot” for many collectors, as it offers a high level of quality without the significant price jump of a “Gem” grade (MS65 or higher).9
Value
The value of a PCGS MS64 $20 Gold Liberty Double Eagle is a combination of its intrinsic gold value and its numismatic value.
- Gold Content: Each coin contains 0.9675 troy ounces of gold.10 Its value is always tied to the current market price of gold, which can fluctuate.
- Numismatic Value: The value above its melt value is determined by its rarity, date, mint mark, and overall eye appeal. For a common-date coin, a PCGS MS64 $20 Gold Liberty Double Eagle typically sells for around $3,500 to $4,500. However, it is important to note that this can vary based on market demand and where the coin is being sold.
- Rarity: Some dates and mint marks, particularly those from the Carson City (CC) mint, are far rarer than others and can be worth many times more. Key dates like the 1870-CC are worth hundreds of thousands of dollars, even in lower grades. Other rare dates from Philadelphia and New Orleans can also command significant premiums.
Key Factors Affecting Value
- Date and Mint Mark: The specific year and mint where the coin was struck are the most important factors in determining its numismatic value.
- Eye Appeal: Within the MS64 grade, coins with superior eye appeal, such as a strong strike, vibrant luster, and a lack of distracting marks in a prominent area, may be worth more. Some coins with exceptional quality for their grade may receive a “plus” designation (MS64+) or a CAC sticker, which can increase their value.11
This coin is a great choice for those looking for a high-quality example of a historic U.S. gold coin. It represents a good blend of precious metal content and numismatic appreciation potential.
