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Surge in spot price of gold awakens Coronet $20

Coronet $20 Double Eagles - The double eagle designed by James B. Longacre had three types; however, by paying close attention to design details, collectors have found varieties within these types.

The Liberty Head or Coronet double eagle was first minted for circulation in 1850. It was struck every year after that until 1907, when the new Saint-Gaudens’ design replaced it. The major elements of the design type, the Liberty wearing a coronet and the heraldic eagle with two scrolls, remained essentially unchanged for those years.

Based on changes to the reverse there are three different main types. The Type 1 coin has no motto. Anthony Paquet made a version of the reverse in 1861. The 1861-S using the Paquet reverse was included in the 100 Greatest U.S. Coins (third edition). The letters are taller and narrower than on Longacre’s version. IN GOD WE TRUST was added in 1866 creating the Type 2 coin. This change was a result of pressure from religious leaders who felt that God’s name should be included on our coinage. In 1866 the San Francisco Mint issued both Type 1 and 2 coins. The Type 3 coin came about when the denomination was changed from TWENTY D. to TWENTY DOLLARS in 1877. In 1900 a new hub was made by Engraver Charles Barber. It had a smoother back of the eagle’s head that lacked feathers that projected.

In 1978 staff members of the American Numismatic Association noticed that on the coins of 1850 to 1858, LIBERTY was spelled LLBERTY. Two Ls were used instead of the LI. For more than 100 years, no one noticed or reported this spelling error, which was corrected in 1859. Other changes to the obverse were also made. The designer’s initials, J.B.L., were move, and there were other minor changes as well. In 1877, when the denomination was changed, there were also small changes to the obverse, the most noticeable of which were the positions of the head and the stars.

In total there are three different obverse designs and five different reverses.

Specifications:
Weight: 33.436 grams
Composition: .900 gold, .100 copper
Net weight: .96750 oz. AGW
Diameter: 34 mm
Edge: reeded

 


Surge in spot price of gold awakens Coronet $20

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