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    1873 Liberty Head $20 Gold Coin

    The 1873 Liberty Head $20 Gold Coin produced more than 2.7 million pieces across the Philadelphia, San Francisco and Carson City mints. Interestingly enough, 1873 for Liberty Head $20 Gold Coin enthusiasts, is the varieties that were created when the style of the “3” in the date was changed on both the Philadelphia and San Francisco issues.

    The “closed 3” variety shows the last digit of the date with loopier-looking ends on the “3” than seen on the “open 3” variety. While this means there are more varieties to look for (and spend money on) when collecting Liberty Head double eagles, neither the 1873 “closed 3” or “open 3” varieties are notably scarce, especially in the circulated grades.

    Grading the 1873 Liberty Head $20 Gold Coin

    For any coin produced during the 1800’s and utilized as a collector’s item today, the first question on the mind of any collector will be with regard to the coin’s condition. While the age of these coins may make it hard to believe that any could have been preserved in great condition, the reality of the matter is that this happens more often than you might think.

    Typically, collectors prefer to have the coin in question graded by a professional company, but that is not always an option. Understanding this, below is an outline that highlights the characteristics of different coin grades to give you a better understanding of what coins of a certain grade might look like.

    Uncirculated: A coin that receives an Uncirculated grade is one that never spent any time exchanging hands. Because of this, the coin will have avoided any and all damage typically associated with coinage that has been through decades of exchange. As you might expect, coins of this grade are the most highly sought after on the market.

    Extremely Fine:To receive this grade, the coin in question will have only been circulated for a short period of time. Appearing pristine, the only wear and tear on these coins will be able to be seen under close inspection. Extremely Fine Liberty Head $20 Gold Coin are an undeniably great addition to any and all collections.

    Fine: Coins of this grade have been circulated for longer periods of time, but they have not incurred so much damage that the imagery and texture has been completely compromised. You will almost always notice some light, consistent scratching, and the overall texture of the coin may have been worn down a bit due to the constant changing of hands these coins had to undergo.

    Very Good: Very Good is the grade reserved for coins that have been extremely heavily circulated. These coins will show a lot of damage, including scratching, chipping, and sometimes bending. Though in relatively poor condition, these coins are still highly sought after by collectors of all types—and especially those looking to put together a complete collection.

    Pricing the 1873 Liberty Head $20 Gold Coin

    Determining a price for a 1873 Liberty Head $20 Gold Coin is as easy as taking into consideration a few different factors. For one, the fact that multiple types of Coins were minted every year, the scarcity associated with that specific type will affect the price. Secondly, the condition of the coin, being as important as it is, will play heavily into how much you might be asked to pay for the coin. Below is a list of the prices you might be asked to pay for a graded Liberty Head $20 Gold Coin from 1873.

    Liberty Head $20 Gold Coin

    DATE GOOD FINE EXTREMELY FINE UNCIRCULATED
    1873 Liberty Head $20 Gold Coin N/A N/A $1,650 $1,700
    1873 Liberty Head $20 Gold Coin (CC) N/A N/A $6,500 $12,500
    1873 Liberty Head $20 Gold Coin (S) N/A N/A $1,650 $1,675
    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.