1857 $20 Liberty PCGS MS60 CAC

Price $8,398.00
 
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When President Theodore Roosevelt took office, one of his goals was to have our nation’s coinage reflect the strength and vitality of America. Roosevelt referred to this undertaking as his “pet crime”. He was so appalled by our coinage he termed them “atrociously hideous”. Roosevelt, aware that Mint engravers were not up to the creative challenge, persuaded his friend and renowned sculptor Augustus Saint-Gaudens to fashion new designs, starting with the eagle and double eagle. Saint-Gaudens’ double eagle creation is considered the zenith of American coin design. His stunning double eagle had the tremendous relief Roosevelt so admired on ancient Greek and Roman coinage. Unfortunately, the design proved impractical and the relief had to be lowered. Even though the modified version is a mere shadow of the original, it is still considered to be the prettiest coin America ever produced.

Double eagles are widely sought by numismatic collectors, numismatic investors and bullion hoarders. Part of the attraction is the sheer size of the piece. There is a true tactile satisfaction in holding such a large, heavy chunk of gold. The coin contains almost a full ounce of pure gold, and low-grade pieces are very attractive to bullion buyers as substitutes for Krugerrands, eagles and other bullion pieces. The first year available to collectors is 1850, as there is only one known 1849 double eagle, and it is in the collection of the Smithsonian Institution. The last year available is 1932, as the 1933 issue was never officially released to the public. The Treasury took the stance that since the coin was not officially released, all examples in private hands were illegal to own, and it confiscated the few pieces that appeared at auction.

A LITTLE STICKER MAKES A BIG DIFFERENCE.

Within each number of the coin grading scale is a small range of condition from low-end to high-end. Certified coins of the same grade can be of varying quality. Many of today’s collectors want coins that are solid or premium quality for their assigned grade. CAC holds coins to a higher standard so you can be confident in the value of yours. We verify previously graded coins … and award our sticker only to those coins that meet the standard for today’s selective buyer.

WHAT THE CAC STICKER MEANS:

  • Verified. Your coin has been verified as meeting the standard for strict quality within its grade.
  • Guaranteed. CAC stands behind our verification by making markets in most actively traded coins.

THE CAC STICKER IS BACKED BY EXPERIENCE.

CAC was founded by leading members of the numismatic community, including John Albanese, a respected authority on coin grading and the rare coin market.

 

Prices Shown Subject to Change

The pricing quoted on this page is based on the current market price for this precious metal, which constantly fluctuates and we continuously update from 7 a.m. – 5 p.m. CT, Monday through Friday.

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