The 1849 $20 Liberty Head gold coin, also known as the Liberty Head Double Eagle, is an important piece of American history. This coin is cherished by collectors for its beautiful design, historical significance, and rarity.
In this article, we’ll explore the details of this remarkable coin, including its design, historical context, and current market value. Whether you’re a seasoned collector or just curious about rare coins, this overview will give you a better understanding of why the 1849 Liberty Head Double Eagle is so special.
Overview of the 1849 $20 Liberty Head Gold Coin
Series Name: Liberty Head $20
Year of Issue: 1849
Mint Mark: None (Philadelphia Mint)
Design Type: Proof
Design Features of the 1849 $20 Liberty Head Gold Coin
Obverse (Front)
The obverse side of the 1849 Liberty Head gold coin features a portrait of Lady Liberty, designed by James B. Longacre. She is shown facing left, wearing a coronet with the word “LIBERTY” inscribed on it. Her hair is elegantly tied back with a ribbon. Below her portrait, you’ll find the year “1849,” indicating when the coin was made. Since it was struck at the Philadelphia Mint, there is no mintmark on this coin.
Reverse (Back)
The reverse side of the coin displays a heraldic eagle with its wings spread wide. The eagle is holding an olive branch in one talon and a bundle of arrows in the other, symbolizing both peace and readiness for war. Around the eagle, the words “UNITED STATES OF AMERICA” are inscribed at the top, with “TWENTY D.” at the bottom, representing the coin’s face value of twenty dollars.
Historical Context of the 1849 $20 Liberty Head Gold Coin
The Liberty Head $20 gold coin was first introduced in 1849, a time of significant economic growth in the United States. This period coincided with the California Gold Rush, which led to an increase in gold production and the creation of larger denominations of gold coins. The Liberty Head design was used until 1907 when it was replaced by the Saint-Gaudens design. The classic portrayal of Liberty and the coin’s durability made the Liberty Head series a favorite among collectors.
Proof Coins and Their Rarity
The 1849 $20 Liberty Head coin is particularly notable in its Proof version. Proof coins are specially minted with a higher level of detail and a polished finish, making them more attractive to collectors. These coins are not meant for general circulation but are instead produced in limited quantities for collectors. Proof coins from the early years of the Liberty Head series, like the 1849 version, are exceptionally rare and valuable.
Current Market Value of the 1849 $20 Liberty Head Proof Coin
The value of an 1849 $20 Liberty Head Proof coin can vary widely depending on its condition, rarity, and market demand. Coins are graded on a scale from Poor (P-1) to Perfect Mint State (MS-70), with Proof coins being graded from PR-1 (Proof-1) to PR-70. Depending on its grade and specific characteristics, the value of this coin can range from $50,000 to over $500,000.
The 1849 $20 Liberty Head Proof coin is not just a coin; it’s a piece of American history. With its intricate design, historical importance, and rarity, this coin is highly sought after by collectors and investors. If you happen to own one, it’s wise to have it appraised by a professional numismatist to understand its true value. Owning such a coin means holding a significant piece of U.S. numismatic history in your hands.
1. What is the significance of the 1849 $20 Liberty Head gold coin?
The 1849 $20 Liberty Head gold coin is significant for its historical value, unique design, and rarity, making it a prized possession for collectors.
2. How much is the 1849 $20 Liberty Head Proof coin worth?
The value can range from $50,000 to over $500,000, depending on its condition and rarity.
3. What is a Proof coin?
A Proof coin is a specially minted coin with a higher level of detail and finish, intended for collectors rather than general circulation.
4. Why is there no mintmark on the 1849 $20 Liberty Head coin?
The coin was struck at the Philadelphia Mint, which typically did not include a mintmark.
5. How can I get my 1849 $20 Liberty Head coin appraised?
You can have your coin appraised by a professional numismatist or at a reputable coin grading service.