Liberty Coin | Certified

The Liberty, or Liberty Head, Gold Coin Series was our nation’s currency from 1850 – 1907 and included $20, $10, $5, and $2.5 denominations. Today, $20 Liberties (which weigh .9675-oz.) are a top choice for savvy gold buyers adding to their 1-oz. gold bullion coins with a preference for Pre-1933 U.S. coins of similar high weight and all four Liberties are a popular way to increase diversity and profit-potential at different price-points.

This section features Liberties in Investment-Grade, Mint State-62 quality and higher certified by either PCGS or NGC, the top two independent grading companies. In this market segment, the focus isn’t on dates, but on the best quality for the best price so no dates are specified. If you have questions or need advice just call an Austin Rare Coins Pre-1933 US Coin Dealer at 1-800-928-6468.

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What is a Liberty Coin?

A Liberty Coin, known as a Liberty Head Gold Coin - or an Eagle, is the longest-running coin design in the United States. They were produced between 1838 to 1908 by the U.S. Mint. These coins predominantly feature Lady Liberty on the obverse and an eagle with a shield on the reverse. They are made of 91.67% pure gold with the rest of the metal in the coin a mixture being of copper and a trace of silver…91.67% gold purity is equal to 22 karat gold!

There are 4 different sizes of Liberty Coins with the Liberty Quarter Eagle all the way to the Twenty Dollar Liberty Head coin, or Double Eagle. Collectors and investors both enjoy collecting Liberty 4 Coin Sets in various condition like in Mint State 63, for example. Each set will contain a certified example of a Liberty (Double Eagle), (Eagle), (Half-Eagle), and (Quarter Eagle). They roughly equate to 1, 1/2, 1/4, and 1/8 ounce of gold, respectively.

To help you understand the rare coin market and help you find the exact coin you are looking for call an Austin Rare Coin Advisor. Austin Rare Coins & Bullion have been since 1989 and are celebrating their 30th anniversary! For all those years they have been offering one-on-one investment advice to save investors thousands of dollars.


The $20 Liberty is also known as a “Double-Eagle” indicating that it’s twice the size of its $10 counterpart long nicknamed an “Eagle”. Weighing nearly one ounce of gold, the $20 Double Eagle Liberty was the cornerstone of U.S. Gold Coinage from 1850 until 1907. Completing the core four-coin Liberty Series are the $10 Liberty, $5 Liberty, and $2.5 Liberty. All were struck in 22-kt gold since durability was a necessity for coins struck to be used in the everyday money supply.


Naturally, as coins circulated, they wore down and were eventually pulled out of the money supply to be melted and made into new coins creating a naturally diminishing supply of $20 Liberties and its smaller counterparts. The Government confiscation and meltdowns during the Great Depression reduced this supply even further leaving a truly fixed and limited supply of Pre-1933 U.S. Gold Coins far smaller than the large and unlimited supply of Modern Bullion Gold Coins. This is a key factor in the extra profit-potential this segment of the gold market.


To maximize this potential, it’s wise to own $20 Liberties that are the least available which, for 100+ year-old coins that were used as money, means those that have survived in high quality – not just barely uncirculated, but exceptional uncirculated quality or “Investment-Grade”.

Obviously, the higher the quality of $20 Liberty Head coins, the higher the value making it critical that their condition is verified by trusted, independent experts and not the dealer that you have chosen. Therefore, reputable dealers rely on PCGS (the Professional Coin Grading Service) and NGC (the Numismatic Guaranty Corporation), the two companies with decades of experience authenticating and grading coins.

You can be assured that you own accurately graded, highly liquid coins when they are sealed in the familiar rectangular PCGS or NGC “slabs” along with their grading certificate as you see pictured above. You’ll often here such coins referred to as “slabbed” or “certified” as compared to their “raw” or “uncertified” counterparts that have not been graded and are generally in lower, circulated quality.


Investment-Grade refers to coins graded from 63 to 66 on the numerical scale employed by the grading companies that ranges from a nearly unrecognizable “1” to a perfect “70”. Uncirculated quality is 60 and up and called “Mint State” (MS), thus Investment-Grades are MS-63 to MS-66.

Obviously, coins of such pristine quality are naturally more rare than lower-grade, circulated examples. The smaller supply of Investment-Grade $20 Liberties, combined with reasonable prices, allows more investors to apply the advantages of rarity without the advanced knowledge and expense of truly rare coins.

That’s why you don’t see specific, early dates like 1865, or specific Mints like Philadelphia or San Francisco listed here. For Investment-Grade $20 Liberties, the key is high-grade and an attractive price. As with all denominations, a few $20 Liberty dates have similar supplies and, therefore, trade for the same value for the given grade. We complete these acquisitions with those dates which, for $20 Liberties, will be from the early 1900’s, often 1904.


Have some general questions or want to learn more about $20 Liberties & Pre-1933 U.S. Gold, but prefer to talk to a person? Our Gold & Silver Specialist offer a no-pressure focus on advice, education, and guidance on all things precious metals. Please call us for help at 1-800-928-6468.


> Understanding Grading & Certification: Anatomy of a Certified Coin

> Want to learn more about the Investment-Grade Gold Coin Market?: Tier II: Investment-Grade Pre-1933 U.S. Gold Coins

> Want to learn more about our Multi-Tier Gold & Silver Portfolio?: How to Build a Balanced, Diversified Portfolio