Of all coins produced by the US Mint prior to 1933, few are as popular as $20 Double Eagle Gold Coins. These unique coins were introduced well after the smaller denominations of Eagles yet have remained just as popular due to their gold content and interesting designs over the years. Learn more about $20 Double Eagle Gold Coins here, at Provident Metals.
The Coinage Act of 1837 increased the gold content of coins to exactly .900. The other 10% of the coin was to be made of a silver and copper alloy with silver being capped at no more than half of the mixture. This standard of 90% gold content was used from 1837 until U.S. gold coin circulation came to an end in 1933.
While the quarter eagle, half eagle, and eagle were defined in the Coinage Act of 1792, double eagles weren’t created until the Coinage Act of 1849. This act was passed by Congress during the California Gold Rush. Due to the increased gold supply, this act authorized the US Mint to produce two new gold coins, a gold dollar coin, and the double eagle. Due to it having twice the face value of the popular eagle coin, it was named the double eagle.
The first double eagle was produced that same year, with two proof versions being made. One was given to the Smithsonian Institution in Washington, D.C., with the second being presented to William M. Meredith. The coins were made for commerce the following year.
The first version of the $20 Gold Double Eagle was the Pre-33 $20 Liberty Double Eagle Gold Coin. These coins were struck from 1850-1907 and were designed by the Chief Engraver of the United States Mint, James B. Longacre.
In 1904, President Theodore Roosevelt wanted to revitalize American coinage by making it more beautiful. As such, he reached out to Augustus Saint-Gaudens for help. The famous sculptor had previous issues with the US Mint, as well as its Chief Engraver, Charles E. Barber. However, he agreed to help.
The new design of the double eagle had several number of delays due to the declining health of Saint-Gaudens as well as the high-relief imagery of the design. Saint-Gaudens passed away in 1907, but not before completing new designs for the double eagle as well as the eagle.
The initial design for the Saint Gaudens Double Eagle Gold Coins was in high-relief which proved to be difficult to strike. As such, Barber modified the design to a lower relief so that coins could be struck with just one blow. The Saint Gaudens Double Eagle was produced from 1907-1933.
The obverse of these coins is now used on American Eagle Gold Coins, the official American gold bullion coin, since 1986. In 2009, the US Mint struck a Pre-33 $20 Saint Gaudens Double Eagle Gold Coin with 1 Troy oz of .999 gold.
We have a wide selection of $20 Gold Double Eagles at Provident Metals. For any inquiries, please don’t hesitate to ask. Our customer service team is available at 1-800-313-3315. Additionally, we can also be reached through email or our online chat feature.