Enhance Your Collection with $20 Libs
By Brian Zweig
In 1933, when the United States was taken off the gold standard, it resulted in the expansion of an already established market for gold coins struck for circulation, particularly those in high grade.
Why? Any coin considered a collector coin was exempt from the requirement to turn in gold coins after 1933. Due in part to this historical backdrop, the premiums on historic coins, even the more common ones, were quite high over the value of gold for many years.
One of these examples may be found in MS64 1900 $20 Eagles. Liberty Head Double Eagles were designed by James B. Longacre in 1849, and in 1900, several million were produced at the Philadelphia and San Francisco mints. This is by far more Double Eagles struck than in any other year of the 19th century. The large weight and broad size of these $20 gold coins are just two of many appealing factors to coin collectors and bullion investors alike, not to mention their historical value and visual appeal.Today, restrictions on ownership of gold have long since been repealed. The markets have changed in recent years with the rise in the price of gold a few years ago, and one of the interesting market effects is that the bearish gold market has reduced premiums to historic lows, representing outstanding value for certain issues today.
When the premiums were high, the 1900-dated Double Eagles were valued considerably higher than the more common 1904 date, the latter now considered the most common type coin in the series. In 2010, the price of gold was around $1,100, and 1904 Liberty Head Double Eagles in MS64 were trading for around $2,300, while the 1900-dated coins were selling for $2,700.
The steep difference in price is because of the remaining supply. Currently, there are 73,000 MS64 1904 Double Eagles in existence. In comparison, out of a total of 4.3 million Double Eagles struck in 1900, only 17,000 remain at this grade. Currently, and remarkably, the market is such that not only are we able to offer pricing at a very small percentage over the bullion gold value, but these two issues are both valued roughly the same today, making it a great time to take advantage of the discount in value on the 1900 Liberty Head Double Eagle.
While there are no guarantees where precious metals and numismatic markets are concerned, the current value of the 1900 $20 Liberty Head Double Eagle should be heavily considered as a sound addition to your collection. At historically low premiums over their gold value, and considering their appeal as historic collector coins, many buyers are finding the current pricing structures to be very appealing.
For coin collectors and bullion investors, the price of gold today has resulted in currently affordable pricing on 1900 $20 Eagles. These coins are all certified graded MS64 by PCGS/NGC, featuring a rich luster and significant eye appeal. This coin comes highly recommended for inclusion in a Mint State gold type or date set.
Today, we have just 18 available 1900 Liberty Head Double Eagles in MS64:
- Buy one for $1,649 each with free shipping.*
- If you buy 3 or more, then just $1,599 each with free shipping.*
This coin may have come down in price in recent years, but it’s no less scarce than it was before. If you are looking to complete your U.S. gold type collection, or just add appealing vintage U.S. gold to your holdings, we urge you to pounce on this offering.
Please call us today at 800-831-0007 or email us to purchase your MS64 1900 Liberty Head Double Eagles.
*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. Free shipping, handling, and insurance are available for all quantities ordered. Offer expires Friday, May 24, 2019, or while supplies last.