$20 Gold Coin

November 10, 2009 – The Lady Liberty $20 coin was introduced in 1849, to celebrate the discovery of gold in California. The United States Mint had never previously produced a coin with a face value higher than $10, so this unprecedented mintage was a momentous occasion for our nation. Today, the US Mint produces gold coins with $50 face values and platinum coins with $100 face values, but historic $20 gold coins are still prized by collectors and investors alike.

The $20 Liberty Double Eagle gold coin is world renowned for its aesthetic appeal and investment value. These coins, as well as the $20 Saint Gaudens coins, are testaments to a time when our government relied on hard assets like gold instead of speculative paper money. While the Saints were immediately regarded by President Theodore Roosevelt as American rarities, the original $20 gold coins were used in all facets of the American economy until 1933.

At that time, President Franklin Roosevelt confiscated all the gold bullion bars and coins, and certificates from US citizens. Roosevelt did this to strengthen the struggling US dollar. Once citizens were forced to turn in their gold bullion for $50 per ounce, they had no choice but to accept the dollar as the standard from of legal tender within US borders. If it wasn’t for the original gold confiscation, we would probably be using gold and silver as currency now, and we would be quite content to do so. Unfortunately, our government uses the dollar to closely monitor our wealth, so they would do anything possible to prevent it from collapsing.

In 1971, President Richard Nixon removed our nation from the Gold Standard, and this made it legal to own gold bullion. Unfortunately, it also made it lawful (but not advantageous) for our Treasury to run the printing presses overtime. Our national debt is booming because our policymakers have insisted on borrowing and consuming without producing anything of value. The international community has signaled that they want a change in US monetary policy, so another bullion confiscation could take place next year.

Investors who want protection from our lawmakers’ radical monetary policies are encouraged to purchase historic $20 gold coins that have been certified as Mint State by either the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC). Contact us directly to find out if your portfolio could use protection from losses in underperforming stocks, bonds, and cash accounts. 

Kevin Johnson

Senior Staff Writer –

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