$20 Liberty Head gold coinsand$20 St. Gaudensare the most promotedgold coinson the Internet. Investors searching for information aboutgold coinsorgoldinvestments will find so many websites dedicated to$20 Liberty gold coinsand $20 St. Gaudens (Double Eagles) that they may come to believe that they are bestgold coininvestments. This may, or may not, be not the case.
$20 Libertys are good investments only when they carry low premiums. Still, investors need to know that there is a bigger market forgold bullion coins, which means a tighter spread.
New investors should get thefacts about gold bullion coins and $20 Liberty Heads before buying either. CMI brokers can provide the details. Call us at 800-528-1380.
$20 Liberty Gold Coins are also called Double Eagles
$20 Libertysand St. Gaudens are commonly calledDouble Eaglesand served as money in this country between 1849 and 1933, when they werecalled inby President Franklin Roosevelt.
Other popular old U.S.gold coinsare the $10, $5, $2-1/2, and $1coins, both the Liberty type and the Indian Head type. Whereas the $20coinsare dubbed Double Eagles, the $10coinsare called Half-Eagles and the $5coins Quarter-Eagles. The $2-1/2 and the $1 are dubbed “Gold $2-1/2 coins” and “$1 coins,” respectively.
When to Buy US 20 Dollar Gold Coins
US$20 Liberty gold coinsare basically bullioncoinswhose prices track the spot price ofgold.$20 Liberty gold coinsare good investments only when they sell at spot or at small premiums over spot. Look at thegraph that tracks VF-grade $20 Libertys against the spot price of gold.At times, VF$20 Libertyshave traded at spot and at other times they have carried big premiums.
Specifically, in the early 1980s, the late 1980s, and early 1990s, VF-grade$20 Liberty gold coinstraded at spot; however, in the mid-1980s and the mid- to late-1990s, they gained premiums. Nowadays, VF-grade$20 Libertys trade at spot, making them more attractive to investors.
Graphs that plot higher-grade Double Eagles’ prices against spot show the same relationship. In 1992, common-date MS-62 St. Gaudens sold at $20 over spot. When buying$20 Liberty gold coinsand St. Gaudens, investors should closely analyze the coins’premiums. For an extensive reading on why many dealers promote$20 Liberty gold coins, read ourMyths, Misunderstandings, and Outright Lies.
Twenty-dollar Liberty Gold Coin Specs
The$20 Liberty Head gold coinand its successor, the St. Gaudens, are the largestcoinsproduced (1849-1933) by the U.S. Mint for general coinage. Measuring 34 mm in diameter, thecoinsweigh 33.436 grams each (One ounce contains 31.1 grams), are alloys of 90%goldand 10% copper, and each contains .9675 ounce ofgold.Twenty-dollar Liberty gold coinshave reeded (milled) edges, but the St. Gaudens have lettered edges.
Buy Liberty Gold Coins at Competitive Prices
Although CMIGS generally recommends moderngold bullion coins, we offer$20 Liberty Head gold coinsat competitive prices because of our more than four decades thegold coinindustry has enabled us to make many contacts with $20 Liberty coin sellers.$20 Liberty gold coinsare magnificentcoins, and when they sell at low premiums they are an excellent way to invest ingold coins.
Investing in $20 Liberty Gold Coins
If you would like to discuss investing in20-dollar Liberty gold coinsor any aspect of thegoldand silver markets, please call. We take calls 7:00 a.m. to 5:00 p.m. MST, Mondays through Thursdays, Fridays 7:00 a.m. to 3:00 p.m. Call toll free 1-800-528-1380.
Minimum $20 Liberty Order
There is no minimum order for$20 Libertysat CMI Gold and Silver Inc. See ourGold Specials Page for bargain coins. See Doing Business with CMIGS.
