The Liberty Head $20 Gold Coins were minted in Philadelphia, Carson City and San Francisco facilities in 1892. A little under 1 million coins were produced, San Francisco handled the bulk of the coins producing over 900,000 coins. Of course, that’s not surprising given that the San Francisco mint was situated 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.
Nowadays, though the Liberty Head $20 Gold Coin is no longer being produced, it remains popular in the eyes of collectors all over the world. Unfortunately, as time moves forward and the quantity of these coins diminishes, it is only going to get increasingly difficult for collectors to get their hands on these coins in top condition.
For coins that were produced in the 1800s, the condition of said coin can never be guaranteed. The reason for this is due to the fact that, in their 100+ years on the open market, these coins very well might have been heavily damaged. Other coins, however, have survived the years and are still in great shape. Differentiating between the two is the job of collectors, and is one that only grows more difficult with each passing year.
Listed below are the different popular coin grades as well as their characteristics. This exists in order to give you a better idea of what coins of a certain grade might look like.
Uncirculated: A coin that is graded as being Uncirculated is one that spent no time at all on the open exchange market. These coins will appear to be pristine and free from damage, and this is most often quite true. For collectors, Uncirculated coins are the most preferred, but are also the most expensive.
Extremely Fine: Extremely Fine is a grade given to coins that have been circulated, but not for a very long period of time. These coins will appear to be pristine, but under closer inspection you will be able to see that they have been damaged to some extent. All in all, these coins are a great addition to any collection because they are attractive, in good shape, and affordable compared to coins of a higher grade.
Fine: Fine is the grade given to coins that have been in circulation for a long period of time, but have not been so heavily damaged during that time. You will notice that these coins have a lot of light scratching on either side, and the texture of the coin will have been worn down a bit thanks to the changing of hands over the years.
Good:Good is a low grade and is given to those coins that have been extremely heavily circulated and damaged. These coins will play host to a lot of heavy scratching, not to mention plenty of other signs of damage. All in all, these coins are inexpensive, but they are also not so pleasing to the eye.
When it comes to trying to determine a price for a given 1892 Liberty Head $20 Gold Coin, there is no cut and dry way of doing so. Instead, you must first look at the type of coin you are buying. Because multiple different types of Liberty Head $20 Gold Coin were produced every year, the scarcity associated with the coin’s specific type will play into the asking price. Secondly, because collectors care so much about condition, the condition of the coin will also play into the asking price. Below is a chart aimed at giving you a better idea of what you might be asked to pay for a 1892 Liberty Head $20 Gold Coin given its condition and type.
Liberty Head $20 Gold Coin
|1892 Liberty Head $20 Gold Coin||N/A||N/A||$4,500||$7,500|
|1892 Liberty Head $20 Gold Coin (CC)||N/A||N/A||$2,650||$4,000|
|1892 Liberty Head $20 Gold Coin (S)||N/A||N/A||$1,475||$1,485||Source: Red Book|