shopper approved

    1858 Liberty Head $20 Gold Coin

    The 1858 Liberty Head $20 Gold Coins are considerably scarce coins even though the original output was more than 1 million coins. However, as is usually the case with pre-1933 gold coins, many 1858 Liberty Head $20 Gold Coins were melted over the course of the time, and certainly far fewer exist today. Liberty Head $20 gold coins have an charm for both numismatists and bullion investors alike, mostly because they contain a relatively large amount of gold – 0.9613 ounces per coin, to be exact.

    Three types of the Liberty Head $20 Gold Coins were minted in 1858; 1858, 1858-O and 1858-S. This means that the 1858 Liberty Head $20 Gold Coins has three different varieties you can get your hands on. For collectors, the Liberty Head $20 Gold Coin is one that is difficult to collect simply because there are so many different types, but not all of them have survived in great condition.

    Grading the 1858 Liberty Head $20 Gold Coin

    For coins that are from the mid 1850’s, collectors are always going to first concern themselves with the overall condition of the coin. These coins are well over a century old, so they have had ample opportunities to become worn and damaged. For this reason, you will see collectors analyze every facet of these coins looking for any and all imperfections.

    For most people, the most sensible option is to send the coin away for grading. Grading is a process done by a professional company and is often a costly process. Understanding that not everyone has the money to send coins away for grading, we have provided below a listing of different popular coin grades as well as their characteristics.

    Uncirculated: A coin that is graded as being Uncirculated is one that spent absolutely no time being exchanged. These coins will have been perfectly preserved over the years and will show absolutely no signs of wear and tear. These coins are some of the most sought after by collectors and are also some of the most expensive.

    Extremely Fine: A coin that is graded as being Extremely Fine has spent almost no time at all in circulation. These coins will have some extremely light signs of wear and tear, but this much will only be visible under close inspection. All in all, these coins are in great shape.

    Fine: Fine is the grade given to coins that have been circulated for an extended period of time. Though they were in circulation for quite some time, they have not incurred much severe damage. Apart from consistent, light scratching, Fine coins will have very few other noticeable signs of wear. These coins are a great addition to any collection and are affordable for most collectors too.

    Good: Good is the lowest possible coin grade that exists, and is used to describe coins that have been extremely damaged. These coins will have ample signs of wear that will include chipping, bending, and many other signs of damage. These coins may not be the most desirable in the eyes of collectors, but are definitely affordable.

    Pricing the 1858 Liberty Head $20 Gold Coin

    If you are trying to accurately price a 1858 Liberty Head $20 Gold Coin, there are a few things that you must first consider. For one, the condition the coin is in means everything to collectors, so you can bet that the most well-preserved coins are going to sell for higher prices. Secondly, because multiple types of Liberty Head $20 Gold Coins were minted every year the type of coin you possess is also going to play into the price. A chart below will give you a better understanding of how much you can expect to pay for a Liberty Head $20 Gold Coin given its condition and type.

    Liberty Head $20 Gold Coin

    1858 Liberty Head $20 Gold Coin N/A N/A $2,250 $3,000
    1858 Liberty Head $20 Gold Coin (O) N/A N/A $6,750 $15,000
    1858 Liberty Head $20 Gold Coin (S) N/A N/A $2,500 $3,000
    Source: Red Book

    All Market Updates are provided as a third party analysis and do not necessarily reflect the explicit views of JM Bullion Inc. and should not be construed as financial advice.