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    1872 Liberty Head $20 Gold Coin

    The 1872 Liberty Head $20 Gold Coin was struck in Philadelphia, Carson City, and San Francisco, with the bulk of those coins from California’s minting facility. Of course, that’s not surprising given that the San Francisco mint is in the heart of the Gold Rush region of California. Gold coins were mainly used in the West, though they did see some action along the eastern seaboard. Of course, $20 was a large sum of money in the 1870s, and as such the coins were mainly used during large transactions, most often banking related.

    Liberty Head $20 Gold Coins, regardless of their condition, are a prized catch for any collector, but it must be stated that collectors without a doubt only want to get their hands on those coins that have been well-preserved through the years. Unfortunately, not many have survived in great shape.

    Grading the 1872 Liberty Head $20 Gold Coin

    When it comes to the condition of coins as old as the 1872 Liberty Head $20 Gold Coin, pristine condition is never guaranteed. As such, you will see collectors closely analyze each and every aspect of the coin in search of even the smallest imperfections.

    You will normally see collectors send their coins away to be graded by a professional organization, but that is not always an option. Understanding this, we have provided below an outline of the different characteristics of coins of a specific grade to give you a better idea of what grade your coins might be.

    Uncirculated: A coin that is graded as being Uncirculated is one that was never circulated and, after minting, was immediately placed into safekeeping. Thanks to the safe place that these coins were placed, they did not get the chance to become overly damaged or destroyed. In fact, they will show almost no damage whatsoever.

    Extremely Fine: Coins that are graded as being Extremely Fine are those that spent only a limited amount of time on the open market. These coins have incurred only a small amount of damage and that damage will only be able to be made out under close inspection. At first glance, Extremely Fine Quarters may not look all that much different from Uncirculated coins.

    Fine: A coin that is graded as being Fine is one that spent a good amount of time in circulation. During this time, the coin will have incurred a good bit of damage, but not so much damage that the imagery and inscriptions are unrecognizable. These coins are a great addition to any collection because they are affordable and still in decent shape.

    Very Good:Very Good is the grade given to coins that are in fairly rough shape, but are not so far gone that they are destroyed. You will see plenty of heavy scratching and other signs of wear, and these coins will quite aptly show their age. Though not the worst grade, this is a grade not desired by most collectors.

    Pricing the 1872 Liberty Head $20 Gold Coin

    The Liberty Head $20 Gold Coin is easy to price simply because there are only a few different factors you have to take into consideration. For one, because there were multiple types of these coins produced every year, the type of coin you have will directly influence the price you pay for it. The condition of the coin is also something that plays into the price. The more well-preserved the coin is, the higher the asking price will be. Below is a chart of the prices you can expect to pay for a Liberty Head $20 Gold Coin from 1872 given its condition and type.

    Liberty Head $20 Gold Coin

    DATE GOOD FINE EXTREMELY FINE UNCIRCULATED
    1872 Liberty Head $20 Gold Coin N/A N/A $1,650 $1,700
    1872 Liberty Head $20 Gold Coin (CC) N/A N/A $5,000 $11,000
    1872 Liberty Head $20 Gold Coin (S) N/A N/A $1,650 $1,700
    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.