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    1884 Liberty Head $20 Gold Coin

    The 1884 Liberty Head $20 Gold Coins are scarce, as less than 1 million were made and many were later melted for their gold content. The Philadelphia mint produced only proof specimens in 1884, leaving the Carson City and San Francisco mints to produce business strikes. Gold coins were primarily circulated in the West, it made sense for the San Francisco and Carson City mints to handle the bulk of the striking efforts for Liberty Head $20 Gold Coins.

    Though these coins have since been taken off the production lines, they remain extremely popular amongst collectors from both the US and abroad.

    Grading the 1884 Liberty Head $20 Gold Coin

    Coins that have been graded may carry significantly higher premiums than non-graded coins. The grading process is extremely thorough and often follows a set of specific steps to determine a coin’s overall condition, authenticity and precious metals content. An expert grader, or team of graders, however, will make the final determination on how a coin will be graded. Coins that are in excellent condition can be considerably more valuable than coins in lesser condition. You can get a good idea of what grade your coin may be assigned by closely inspecting the coin’s details and surfaces while looking for any blemishes or imperfections.

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

    Uncirculated: Coins that are in uncirculated condition will display no signs of wear or tear. These coins will look brand new, as if they were just struck hours before. The coin’s images and text will be rich and robust, with even the smaller details being noticeable. The texture of the coin will be as intended since these coins have not exchanged hands over the years. The coin’s color or luster can, however, show signs of the coin’s age. By using a magnifying glass to examine detail, you will be able to see if the details are in excellent condition or if they have experienced any erosion or wear.

    Extremely Fine: Coins that are in extremely fine condition are very beautiful and considered to be in excellent condition. A step below the uncirculated grade, these coins may exhibit some small surface imperfections like scratches or dents. Small details on the coin’s surfaces may appear slightly worn down or eroded. The coin’s texture may also feel smoother from the wear and tear it has experienced being traded over the years.

    Fine: Another rung down on the coin grading ladder, coins in fine condition still have their details intact, but there may be significant damage present and visible to the naked eye. The coin may show considerable wear, and its details may also appear to be worn down from use. The coin may also lack any shine, and may even appear quite dull.

    Good: Moving on down the grading scale, coins that are in good condition may have significant damage to the coin’s surfaces. This damage can even make it difficult to discern the coin’s identity and details without the use of a magnifying glass or microscope. Although these coins may show their age and may appear dull, scratched or even nearly rubbed free from detail, they may still be highly valuable and coveted by collectors depending on coin type, mintage and other factors.

    Pricing the 1884 Liberty Head $20 Gold Coin

    As far as determining a price for the Liberty Head $20 Gold Coin is concerned, this can be done by simply assessing the type of coin it is and the condition it is in. Because there are different levels of scarcity associated with the different types of coins that were minted every year, this is arguably the biggest factor to consider when attempting to determine a price. Secondly, condition means everything to collectors, so it is only right that those well-preserved coins will sell for the highest prices. Listed below is a chart aimed at giving you a better idea of what you might be asked to pay for a 1884 Liberty Head $20 Gold Coin given its condition and type.

    Liberty Head $20 Gold Coin

    1884 Liberty Head $20 Gold Coin (CC) N/A N/A $2,500 $3,250
    1884 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.