Of all the hobbies in the world today, coin collection seems to be the most giving. Searching in any nook and cranny for the treasured coins is very fulfilling. The older the currency, the more valuable, and right at the top of that list is the $20 gold coin. It is, without a doubt, any collector's dream to fall on this treasure. And you are about to find out why this is so. So read on.
What is the $20 gold coin so special?
This golden coin had been in production for more than 50 years, with an extremely high face value. First thing first, the gold material it is made of is a precious metal. It is, in fact, the number one most sought after metal in the world. Well, back then, the coin's face value was neck in neck with the price of the metal in the market. But as time went by, the currency gained more significance. And this can be attributed to its rarity in the market.
How many types of the $20 gold coins are there?
There are two types of these gold coins to be discussed below.
The $20 Liberty Head gold coin
This kind was in production in the years 1850-1907. In this period, there were three kinds released with significant differences. The first kind had no motto engraving on the reverse side. The second kind has the motto 'TWENTY D,' and the third had a slogan 'TWENTY DOLLARS.' All coins had the head of the Lady of liberty head at the front and a bird at the back.
When we get to how much these coins hold in value, a few things have to be considered. And these are the overall condition of the coin and the year it was minted. For instance, a coin made in 1850, the first lot, cost a whopping $5,500. On the other hand, one made in 1907, the last lot costs around $1,500.
The Saint Gaudens gold coins
This second type of gold coins got into production in the years 1907-1933. The currency had the lady liberty full body at the front and a bird in flight at the back. This lot of coins are valued according to the Mint marks, which simply means where they were minted. Some were made in Denver marked 'D,' others in San Fransisco marked 'S' and others in Philadelphia. Although the ones in Philidephia had no sign to show that. So much so, the market ones cost more. Their value calculations are also attributed to their overall condition and year made. A St.Gaudens made in 1907 costs an estimate of $12,000, and one minted in 1932 costs around $20,000.
Conclusion
As seen, it is safe to conclude why these coins are a treasure for anyone, let alone collectors. And as the years go by, the US 20 dollars gold coin price buy and sell is bound to grow even higher in value. So much so, when you come across such a relic keep it for as long as you can, you never know, maybe one day it will hit the million mark!
