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    1865 Liberty Head $20 Gold Coin

    In 1865, Liberty Head $20 Gold Coin were minted at the Philadelphia and San Francisco mints, which together managed to strike almost 1.4 million $20 gold coins that year. Most of the $20 gold coin output in 1865 came from San Francisco, which was based in the hotbed of Gold Rush country and is where gold coins tended to regularly circulate at that time.

    Liberty Head $20 double eagles weigh 33.44 grams and contain 0.9613 ounces of gold. With a diameter of 34 millimeters, Liberty Head $20 Gold Coins are heavy, large gold coins that appeal not only to bullion investors but also coin collectors. Be sure to ensure that any gold coins you buy are authentic and properly graded. You can protect yourself by only buying 1865 Liberty Head $20 Gold Coins only from reputable coin dealers or by purchasing them in third-party certified slabs.

    Grading the 1865 Liberty Head $20 Gold Coin

    For collectors, the condition of a coin is the top priority because no one desires to put together a collection of rough, ragged coins. When it comes to the 1865 Liberty Head $20 Gold Coin, the coin’s age means that collectors are always going to be critical of the condition it is in. This is why collectors pour over the surfaces of a coin prior to ever making a purchase.

    For many, the easiest way to determine the condition of a coin is to have that coin sent away for grading. Knowing that not everyone can afford to have this process completed, we have provided below an outline of the most popular and commonly found coin grades.

    Uncirculated: A coin that is determined to have been Uncirculated is one that never spent any time exchanging hands. These Liberty Head $20 Gold Coins will have had all of their imagery and texture well-preserved such that the coin looks as though it were just recently minted. These are the most desirable of all Walking Liberties, but also some of the most expensive.

    Extremely Fine: If a coin receives an Extremely Fine grade, this means that it has been circulated, but only for a short period of time. These coins will take on the appearance of a coin that has never been damaged, but upon closer inspection you will see that some of the surfaces are marred with light scratching. Still, at the end of the day, these coins are a great addition to any collection.

    Fine: Fine is a middle of the road grade given to coins that have been worn down during the changing of hands, but have not been so heavily damaged that their imagery and texture is no more. All in all, the most noticeable wear will be the smoothing of the coin’s surfaces.

    Good: Good is the lowest grade available for a coin. These pieces will have been quite heavily circulated and will show that immediately. The surfaces of the coin will be smooth to the touch and much of the imagery may be damaged to some extent. Though not the most attractive pieces, these are far and away the most affordable more often than not.

    Pricing the 1865 Liberty Head $20 Gold Coin

    As is the case with most coins from this era, determining a price is no more difficult than paying attention to the type and condition of the coin. The coin’s type is important because multiple types of Liberty Head $20 Gold Coins were minted every year, and the scarcity associated with that specific type will play into the asking price. Secondly, the overall condition of the coin will also help determine an appropriate asking price. Below exists a chart aimed at giving you a better idea of what you might be asked to pay for one of these coins given the coin’s condition and type.

    Liberty Head $20 Gold Coin

    1865 Liberty Head $20 Gold Coin N/A N/A $2,100 $2,850
    1865 Liberty Head $20 Gold Coin (S) N/A N/A $2,100 $2,850
    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.