The 1859 Coronet Head Gold $20 Double Eagle is a notable coin that holds great historical significance and value among collectors. With its distinct design and rarity, it has become a key piece in the world of numismatics. This coin is part of the series of Double Eagle coins that were produced by the U.S. Mint in the 19th century. The 1859 version is especially prized because of its unique design and the story it tells about American history.
In this article, we will take an in-depth look at the 1859 Coronet Head Gold $20 Double Eagle, its history, value, features, and how you can spot a genuine coin. We’ll also cover some frequently asked questions to help you better understand this iconic piece of American currency.
History of the 1859 Coronet Head Gold $20 Double Eagle
The Coronet Head design was first introduced in 1849 by artist James B. Longacre. It features a depiction of Lady Liberty wearing a coronet, or crown, and was part of the United States Mint’s effort to produce a new series of gold coins. The $20 denomination, also known as the Double Eagle, was created to help facilitate larger transactions due to the increasing size of the U.S. economy in the mid-1800s.
In 1859, the Coronet Head Gold $20 Double Eagle was minted as part of the ongoing production of these coins. This particular design remained in circulation until 1907, when it was replaced by the Saint-Gaudens design. The 1859 version is especially valuable today due to its historical significance and limited mintage.
Features of the 1859 Coronet Head Gold $20 Double Eagle
Front (Obverse)
The obverse of the 1859 Coronet Head Gold $20 Double Eagle features a portrait of Lady Liberty facing left. She is wearing a coronet inscribed with the word “LIBERTY.” The stars surrounding her represent the states of the Union at the time, with a total of 13 stars. The word “LIBERTY” above her head, along with the year of minting (1859), is also clearly visible.
Back (Reverse)
The reverse of the coin displays a majestic eagle with wings spread, holding arrows in one talon and an olive branch in the other, symbolizing peace and strength. Above the eagle are the words “UNITED STATES OF AMERICA” and the coin’s denomination of “TWENTY DOLLARS.” The eagle is perched on a small shield, symbolizing protection and strength, while the entire design is surrounded by a rim of stars.
Value of the 1859 Coronet Head Gold $20 Double Eagle
The value of the 1859 Coronet Head Gold $20 Double Eagle can vary depending on its condition, rarity, and demand in the market. As of today, the coin is primarily valued for its gold content, historical significance, and collector demand. In general, its value can range from a few thousand dollars to tens of thousands for coins in exceptional condition.
Gold Content: The coin contains approximately 0.9675 ounces of pure gold. Given the current market price of gold, this factor alone can contribute significantly to the coin’s value.
Condition: The grade or condition of the coin plays a large role in determining its price. Coins that are in mint or near-mint condition, with minimal wear, can fetch much higher prices compared to those with significant wear or damage.
Rarity: The 1859 Coronet Head Gold $20 Double Eagle is a relatively rare coin, which adds to its allure and value. Limited mintage, combined with its historical appeal, makes it a highly sought-after piece among collectors.
How to Spot a Genuine 1859 Coronet Head Gold $20 Double Eagle
Spotting a genuine 1859 Coronet Head Gold $20 Double Eagle requires attention to detail. Here are some tips to help you:
- Check the Weight: A genuine coin will weigh approximately 33.44 grams. If the coin is too light, it may be a counterfeit.
- Examine the Edge: The edge of the 1859 Double Eagle should be smooth. Counterfeit coins may show signs of improper edges or poorly executed details.
- Look for Fine Details: The fine details on the obverse and reverse should be crisp, especially on the hair and crown of Lady Liberty, as well as the feathers of the eagle.
- Use a Magnifying Glass: A magnifying glass can help you closely examine the coin’s features, such as the clarity of the stars and the date.
Table: Key Details of the 1859 Coronet Head Gold $20 Double Eagle
| Feature | Details |
|---|---|
| Mint Year | 1859 |
| Mint Mark | No mint mark (Philadelphia Mint) |
| Obverse Design | Lady Liberty with coronet and 13 stars |
| Reverse Design | Eagle with arrows and olive branch |
| Gold Content | 0.9675 ounces |
| Diameter | 34 mm |
| Weight | 33.44 grams |
| Edge Type | Smooth |
| Minting Period | 1849-1907 |
Conclusion
The 1859 Coronet Head Gold $20 Double Eagle is a remarkable coin with historical value and unique features. Its design, rarity, and gold content make it a sought-after item among collectors. Whether you’re an investor, a numismatic enthusiast, or simply someone with an interest in American history, owning or learning about this coin is a valuable experience. Understanding its characteristics, history, and market value will help you appreciate this iconic piece of currency even more.
Home
FAQs
1. How much is an 1859 Coronet Head Gold $20 Double Eagle worth today?
The value of the 1859 Coronet Head Gold $20 Double Eagle varies depending on its condition and current gold prices. Generally, it can range from $2,000 to $20,000 or more.
2. Is the 1859 Coronet Head Gold $20 Double Eagle a rare coin?
Yes, the 1859 Coronet Head Gold $20 Double Eagle is relatively rare, and its value is increased due to its limited mintage and historical significance.
3. What makes the 1859 Coronet Head Gold $20 Double Eagle so special?
The coin is special because of its unique design by James B. Longacre, the historical context in which it was minted, and its status as part of the $20 Double Eagle series.
4. How do I authenticate an 1859 Coronet Head Gold $20 Double Eagle?
To authenticate the coin, check its weight, examine its fine details with a magnifying glass, and compare it with known genuine coins. You can also have the coin professionally graded by a numismatic expert.
5. Where can I buy or sell an 1859 Coronet Head Gold $20 Double Eagle?
You can buy or sell these coins through reputable coin dealers, auctions, or online marketplaces like eBay. Be sure to verify the authenticity of the coin before making a transaction.