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    1880 Liberty Head $20 Gold Coin

    The 1880 Liberty Head $20 Gold Coins are rather scarce, with just under 900,000 pieces made in total. Naturally, the larger share came from the San Francisco mint. Gold coins were primarily used in the West, they did however, see moderate degrees of circulation in the cities along the eastern seaboard. Keep in mind, that $20 was a lot of money in the 1880s, and therefore Liberty Head $20 Gold Coins were mainly used during large transactions, quite often those that were banking related.
    Unlike in 1979, when four different mints made Liberty Head $20 Gold Coins, only Philadelphia and San Francisco struck $20 gold coins in 1880. Designed by James B. Longacre, the large size and heavy weight of the Liberty Head $20 Gold Coins, makes them favorites among both numismatists and gold bullion investors alike.

    Grading the 1880 Liberty Head $20 Gold Coin

    The coin grading process is subjective and rigorous. The coin’s surfaces, edges, details and authenticity are all thoroughly checked and verified. In the end, however, a coin’s final grade is determined by a team of expert numismatists that have thoroughly inspected the coin from top to bottom. Coins receiving a grade of extremely fine condition may be considerably more valuable than comparable coins graded good or fine. By having your coin graded, you may increase the coin’s value. You can put your own coins through many of the grading steps yourself. By closely examining your coin’s condition, including details and color, you may be able to get a good idea of how your coin might be graded.

    Use the specifications below to determine how your Liberty Head $20 Gold Coin coin might be graded.

    Uncirculated: A coin that is said to be in uncirculated condition will look as if it was just struck today and has not been handled by human hands. These coins are considered to be in near-perfect condition, and may carry higher premiums than coins with lower grades. All text and imagery are robust and show no wearing or erosion. The coin’s color and finish may also appear to be new. You can use a magnifying glass to examine your own coins. Look closely at the coin for any scratches, erosion or color imperfections.

    Extremely Fine: Coins that are in extremely fine condition may exhibit some scratches or damage on their surfaces or edges. Coins in this condition may also have a slightly smoother feel while holding them, and there may be some slight imperfections in the coin’s color. Nevertheless, coins in this condition are still very visually stunning, and appear to the eye to be in almost perfection condition. Due to their excellent overall condition, these coins may be extremely valuable.

    Fine: A coin that is in fine condition will have some obvious and clear signs of age-related damage. The coin’s surfaces and details may be worn down or smooth, and the coin’s color and finish may be dull or slightly discolored.

    Good: A coin in good condition may have very significant damage to the coin’s surfaces and detail. This damage may make it difficult to identify the coin or any text on the obverse or reverse. In addition, the coin’s color may appear different, and the coin may have a smoother surface from erosion. Despite all of these imperfections, coins in good condition can still be extremely valuable if they are rare or of certain types or mint years.

    Pricing the 1880 Liberty Head $20 Gold Coin

    If you are trying to determine the price of a given 1880 Liberty Head $20 Gold Coin, look no further than the type of coin you own and the condition it is in. First, because there were multiple types of these coins minted every year, the exact type of coin you own will play into the asking price. Secondly, because collectors care so much about condition, the coin’s ability to withstand the test of time will also play into the asking price. Listed below is a chart aimed at giving you a better idea of what you might be asked to pay for one of these coins given its condition and type.1880 Liberty Head $20 Gold Coin

    Liberty Head $20 Gold Coin

    1880 Liberty Head $20 Gold Coin N/A N/A $1,500 $1,575
    1880 Liberty Head $20 Gold Coin (S) N/A N/A $1,500 $1,575
    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.