Low Mintage, Increased Rarity, Exceptional Historical Significance
By Brian Zweig
If coins could talk… these coins would have plenty to say.
When the 1901 Liberty Head Double Eagles were minted – midway through the United States’ second industrial revolution – the U.S. was emerging as a dominant force in the world. One hundred and seventeen years later, much of what occurred that year has long since been taken for granted.
We think it is worth noting…
- J.P. Morgan formed the U.S. Steel Corporation.
- The Cadillac Motor Company was founded.
- Winston Churchill gave his first speech to Parliament.
- Australia was officially born as a nation.
- President McKinley was assassinated.
- Vice President Teddy Roosevelt ascended to the Presidency and uttered those famous words, “Speak softly, and carry a big stick.”
- President Roosevelt renamed the “Executive Mansion” as we know it today to be the “White House.” And, he had Booker T. Washington and his family to dinner there.
- Vincent Van Gogh’s art surged in popularity 11 years after his death.
- Pablo Picasso exhibited in France for the first time – at the age of 19.
- Wilhelm Rontgen received the Nobel Prize for discovering X-rays.
- King C. Gillette started producing safety razor blades.
- Guglielmo Marconi sent the first transatlantic radio signal.
Of course, this is a small list of a few of the noteworthy events of 1901. Now, imagine holding in your hands a memento of the amazing ear in US and world history. And, imagine doing so quite affordably, at some of the lowest premiums we have seen in recent years. More on that in a bit. First, let’s revisit the history of the Liberty Head Double Eagle…
History of the $20 Liberty Double Eagle
The $20 Double Eagle holds the unique distinction of being America’s highest-denomination circulating coin. Originally, the $10 Eagle held this title, but following the California Gold Rush, the U.S. Mint needed an even larger coin.
Authorized by the Coinage Act of 1849, and designed by James B. Longacre, the $20 Double Eagle coin is composed of 90% gold and 10% copper. It has a net weight of .96750 ounces of pure gold.
By the late 19th century, the Double Eagle became one of the world’s most trusted units of exchange. Not only was it used routinely here in the U.S., but many overseas banks chose the Double Eagle for their own reserves. Remarkably, they favored American-made coins over their own country’s currencies! The sentiment throughout the world was that U.S. Double Eagles were the safest way to hold gold.
It’s been over a century since Liberty Double Eagles were last struck, but the coins remain known and admired throughout the world. On the numismatic side, collectors love the $20 Liberty for its beautiful design and fascinating connection to the California Gold Rush. The series also contains a wide variety of date and mintmark combinations, making the series an interesting challenge to obtain.
On the investment side, Double Eagles are preferred for their high gold content, liquidity, and profit potential. As a U.S. Mint product with both collector and investor demand, $20 Liberty Double Eagles are always easy to trade and sell. Plus, when premiums are low, they’re viewed as an excellent alternative to modern 1-ounce gold coins.
Lower Mintage – Increased Value
The 1901 $20 gold piece in MS-64 has an extremely low population compared with those of other years in its era. Population refers to the total number of coins graded by NGC and PCGS. A total population of 3,437 1901 $20 Liberty coins are graded MS-64 versus 73,091 for those struck in the same grade in 1904… making the 1901 twenty times (20x) MORE RARE in MS-64. This and the small premium over the price of a common date coin elevates the desirability and perceived value of these coins.
Being minted the first year after the passage of the Gold Standard Act of 1900 may have contributed to the low number (111,430) of the 1901 Double Eagles minted relative to previous years, and certainly contributes to its historical value.
Due to their low mintage and other circumstances of the times since passed, the availability of these gold coins is limited. Excitingly, we have recently acquired a valuable supply of 1901 Liberty Head $20 gold pieces! These coins have been hidden away for many years, and we have hand-picked what we feel are the finest 30 of these from a private hoard. We are proud to offer them to you today.
This slice of history can be yours for $1,999 per coin* with shipping, handling, and insurance included in that price.
Buy five (5) or more coins, and your price drops to $1,949 per coin* with shipping, handling, and insurance included as well.
With their immense historical value, these scarce, MS-64 grade 1901 Liberty Head Double Eagles will make an excellent addition to any collection. All things considered, we hope you can appreciate the full value of these American artifacts. Commemorate the great Americans whose innovation and entrepreneurial spirit fueled the United States into the 20th century.
If these coins could talk, they would tell quite an interesting story!
Due to the small quantity of these beautiful coins, we urge you to act quickly. 30 coins will go fast.
Contact us today for your gold piece of United States history; supplies are limited! So, please call us at 800-831-0007 or email us to secure yours while our supply lasts.
*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 any quantity ordered. Offer expires Wednesday, November 30th, 2018, or while supplies last.