shopper approved

    1863 Liberty Head $20 Gold Coin

    The 1863 Liberty Head $20 Gold Coins were made in high numbers, with about 1 million pieces produced that year from the Philadelphia and San Francisco mints. Liberty Head $20 Gold Coins contain 0.9613 ounces of gold, weigh 33.44 grams, and are 34 millimeters wide, which means they are among the largest gold coins that ever circulated in the United States. The reason these coins are popular with both investors and collectors is not only the large size but the historical value as well.

    Regardless of what type of Liberty Head $20 Gold Coin a collector wants, it goes without saying that a coin in great condition is preferred over one that has been worn and damaged. Collectors are constantly trying to get their hands on these coins in order to put together complete collections.

    Grading the 1863 Liberty Head $20 Gold Coin

    Being that these Half Dollars were so large, they had ample opportunity to become damaged over the years. For collectors nowadays, the first goal when dealing with these coins is to determine the extent of damage that the coin in question has been subjected to. In most cases, the damage is fairly heavy, but there are still plenty of well-preserved pieces out there.

    Under normal circumstances, someone who is wondering about the condition of a given coin will send that coin away for grading. Understanding that this is not always an option, we have provided below a listing of the different popular coin grades as well as their characteristics.

    Uncirculated: If a coin is graded as being Uncirculated, this means that it has been subjected to almost no wear and looks as though it were just minted. Retaining a nice shine and all of the original texture, these coins are more likely to be minted a few weeks ago as opposed to nearly a century ago. For collectors, this grade is the most desirable.

    Extremely Fine: If a coin is graded as being Extremely Fine, this means that it has been circulated, but only for a very short period of time. These coins will have only a small, light amount of scratching present on the surfaces, and apart from that will be in absolutely excellent condition. These are also highly sought after by collectors.

    Fine: If a coin is graded as being Fine, this means that it was circulated for a moderate period of time. During its time in circulation, the piece will have been subjected to a good amount of wear and tear, but not wear and tear significant enough to compromise the inscriptions and texture of the coin. Most often, some of the texture will have been worn away, but will for the most part remain intact.

    Good: A coin deserving of a Good grade is one that spent its entire life in circulation. These coins are quite honestly in fairly rough shape and have big damage marks such as chips and bends. Still, for someone who is looking to put together a complete collection, a purchase of this coin is by no means a bad decision.

    Pricing the 1863 Liberty Head $20 Gold Coin

    If you would like to gain a better idea of what you might be asked to pay for a Liberty Head $20 Gold Coin, there are two aspects of the coin you must carefully look at. For one, because multiple types of the coin were minted every year, the exact type you own will play into the asking price. Secondly, condition means everything to the average collector, so the better preserved your coin is the higher it will sell for. Below is a chart aimed at giving you a better idea of what you might be asked to pay for a 1863 Liberty Head $20 Gold Coin given its condition and type.

    Liberty Head $20 Gold Coin

    1863 Liberty Head $20 Gold Coin N/A N/A $3,000 $6,750
    1863 Liberty Head $20 Gold Coin (S) N/A N/A $2,250 $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.