What is Liberty Head Gold Coin?
Liberty Head Gold Coins were minted form 1849 to 1907 and are considered to be rare gold coins. The Liberty head composition is made up of 90% percent gold and was used as official US Currency until 1933 when most gold coins were melted down during the great depression. Today, Liberty head gold coins are highly prized by collectors and investors for their beauty, historic value, rarity, and profitability.
The first type of gold dollar, designed by James B. Longacre, is known as the “Type I” gold dollar or the “Liberty Head” type. The obverse of the coins shows Liberty’s head circled by thirteen stars. The reverse shows a wreath encircling the date and value of the coin, and the inscription “UNITED STATES OF AMERICA”. The coin had a composition of 0.900 gold and 0 .100 copper, and weighs 1.672 grams. Hence, it contained .04837 ounces of pure gold.
Popular Liberty Head Gold Coins
The $20 liberty gold coin are commonly called Double Eagles, and served as money in this country until 1933 when they were called in by President Franklin Roosevelt. It is the most popular and demanded coin in this series, due to its gold content and scarcity. The U.S. Gold Double Eagles have just less than one full ounce of pure gold in them (.96750 to be exact).
Other popular old U.S. gold coins are the $10, $5, $2-1/2, and $1 coins, both the Liberty type and the Indian Head type. Whereas the $20 coins are dubbed Double Eagles, the $10 coins are called Eagles, the $5 coins Half Eagles, and the $2-1/2 coins Quarter Eagles.
Liberty Head Gold Coin Better than Gold Bullion
The Liberty head with the combination of its gold content and the rarity of the coin, give it a higher value than Gold Bullion that trades closer to the spot price of gold
Investing in Liberty Head Gold Coins
Liberty Head Gold Coins are the best coin investments, because they are less likely to be overpriced and sell at smaller premiums. There is also a bigger market for gold bullion coins. US $20 Liberty gold coins are bullion coins whose prices track the spot price of gold. $20 Liberty gold coins are profitable investments only when they sell at spot or at small premiums over spot.
The $10 Liberty Head is one of the most popular and affordable of all U.S. Gold Coins. Because each coin contains nearly a half-ounce of pure gold, the most popular dates in the series typically increase in value quickly in response to rising gold prices.