$20 Lady Liberty Gold Coin

October 30, 2009 – Our government produced the first $20 American gold coin in 1850, after years of minting only smaller denomination coins. A one-ounce gold coin was a novel idea for the US Mint, but today’s investors appreciate the $20 Lady Liberty gold coin far more greatly than other items that the US Mint has produced.

The $20 Liberty was minted from 1850-1907, when it was replaced by the $20 Saint Gaudens. The obverse of the Liberty coin depicts Lady Liberty herself, and the back side shows the heralded American bald eagle. Three different versions of the $20 Lady Liberty gold coin were produced, and each of these three versions carries a slightly different design on the back. The Type-1 Liberty is considered the “No Motto” version because it lacks the “In God We Trust” designation. The Type-2 coin includes that motto, as well as a “Twenty D” marking. The third version of the $20 Liberty was minted with the motto and the full “Twenty Dollars” inscription. Many collectors and investors have set a goal of owning all three types of the $20 Lady Liberty coin.

Unfortunately, most of the $20 Lady Liberty coins were melted down by President Franklin Roosevelt in 1933. Only a small number of these coins survived Roosevelt’s Executive Order 6102, which decreed that all gold bullion coins were to be turned in to our government for $50 per ounce. If our government confiscates gold again, the surviving Liberty coins would most likely be exempt from such a confiscation(even though our government COULD do ANYTHING). These coins are American antiquities, and there aren’t enough of thee coins to help or hurt our fiat currency. Investors should visit www.Gold-Investment.info to learn more about the historic confiscation of gold bullion from US citizens

Kevin Johnson

Senior Staff Writer – GoldCoin.net