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    1883 Liberty Head $20 Gold Coin

    The 1883 Liberty Head $20 Gold Coins are rather common by date, as more than 1.2 million were made and many still survive. The Philadelphia mint made only proof specimens of the $20 Liberty Head $20 Gold Coin, leaving the Carson City and San Francisco mints to produce business strikes. The San Francisco mint produced the majority of those coins, which is not surprising given the West’s role in gold mining.

    Though these coins are no longer being produced, collectors look to acquire them and add to collections. As the years move forward, however, acquiring these coins, especially pieces that have been well-preserved, is something may start to become increasingly difficult.

    Grading the 1883 Liberty Head $20 Gold Coin

    The process for grading a coin is carefully controlled and performed with precision. Coins are put through a series of steps that will help assign a grade to the coin based on the coin’s overall physical condition. The authenticity and metal content of the coin are also verified. Once a coin has been put through the entire process, the coin will be assigned a grade by a team of expert coin graders. Coins that are highly graded and in excellent condition may be far more valuable than similar coins in lesser condition. You can closely inspect your coin for any blemishes or discoloration and get a good idea of how your coin may be graded.

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

    Uncirculated: Coins that are in uncirculated condition are essentially brand new. These coins will have very sharp and crisp details and lines. The images and text on the coin’s surfaces will be clean and will appear as if they were just struck hours before. These coins are in excellent overall physical condition and may carry higher premiums. The coin may, however, show some very slight discoloration due to age. You can use a magnifying glass to determine if all of the details on your coin are crisp and present or if there has been any fading or wear over time.

    Extremely Fine: Coins given a grade of extremely fine are in near-new condition and are just one grade below uncirculated. These coins may have very small blemishes or surface imperfections. Coin details may appear to be smoother or slightly eroded. The coin’s texture may also have a slightly worn down feel to it. Despite this, coins given a grade of extremely fine are highly regarded and in wonderful overall condition.

    Fine: Coins that are assigned a grade of fine will likely have some significant surface defects. This could be in the imagery, text or edges. In addition, the coin’s imagery or text may be considerably worn down, and the coin’s finish may appear to be slightly discolored.

    Good: Another step down the grading ladder, coins that are given a grade of good may have very considerable damage to the coin’s surfaces. This damage may make it hard-or even impossible- to discern the coin type and other pertinent details. One may have to use a magnifying glass or other visual aid to see certain details on the coin. Even though these coins may not be in great shape, they can still be extremely valuable to collectors based on their relative scarcity and other factors.

    Pricing the 1883 Liberty Head $20 Gold Coin

    Determining a price for the Liberty Head $20 Gold Coin is simple so long as you aptly take into consideration a few different factors. For one, the fact that the coin had multiple types minted every year means that the type you own will play into the asking price. Beyond that, collectors are so concerned with the condition of the coin that the better-preserved a coin is, the higher the asking price will be. Listed below is a chart aimed at giving you a better idea of what you might ask to be paid for an 1883 Liberty Head $20 Gold Coin given its type and condition.

    Liberty Head $20 Gold Coin

    DATE GOOD FINE EXTREMELY FINE UNCIRCULATED
    1883 Liberty Head $20 Gold Coin (CC) N/A N/A $2,500 $4,000
    1883 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.