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    1893 Liberty Head $20 Gold Coin

    The 1893 Liberty Head $20 Gold Coins struck more than 1.3 million across the Philadelphia, Carson City, and San Francisco mints, the latter striking the most coins that year. It comes as no surprise that San Francisco handled the bulk of the production, as gold coins circulated mainly in the West. The Liberty Head $20 Gold Coins contain 0.9613 ounces of gold, weigh 33.44 grams, and measure 34 millimeters wide.

    Remember, the existing 1893 Liberty Head $20 Gold Coins today are much lower than the mintage figures may suggest. This is due to melting and other attrition factors of pre-1933 gold coins. For collectors, the fact that the Liberty Head $20 Gold Coin is no longer being produced means that now is the best time to acquire them. This is so because as time moves forward, there are only going to be fewer and fewer of these coins available for purchase.

    Grading the 1893 Liberty Head $20 Gold Coin

    Whenever a collector considers the purchase of a coin that is more than 100 years old, the first thing he or she will do is carefully analyze the surfaces of the coin. This close analysis is necessary because it is the only way one can find out just what type of condition the coin is in. Because these coins are so old, it is impossible to guarantee the condition.

    Under normal circumstances, a Liberty Head $20 Gold Coin that is having its condition questioned will be sent away for grading at the hands of a professional organization. Understanding that not everyone has the time and money to send their coins away for grading, we have provided below an outline of the different popular coin grades as well as their associated characteristics.

    Uncirculated: A coin that is determined to be Uncirculated is one that spent almost no time at all in circulation. These coins have retained all of their original texture and will even have the luster that was applied at the time of minting. All in all, these coins are the best of the best and are in absolutely perfect shape.

    Extremely Fine: An Extremely Fine coin is one that has spent only a very limited period of time in circulation. Though they may appear to be in perfect shape, the reality is that under close inspection you will be able to make out some light scratching and other light signs of wear. For collectors, these coins are often a nice, cheaper alternative to Uncirculated editions.

    Fine: Fine is a middle of the road grade given to coins that have been circulated, but through that circulation have not incurred a lot of damage. You will notice that the texture of the coin will have been worn down a bit due to the changing of hands over the years, and you will also notice some light consistent scratching on the surfaces of the coin.

    Good:If the coin in question was given a Good grade, this means that the coin was circulated very heavily and for an extended period of time. Scratching and chipping are two unavoidable qualities of coins of this grade as well. All in all, collectors may not think of Good coins as the first ones they want to add to a collection, but they are still a great addition to any complete collection despite their poor condition.

    Pricing the 1893 Liberty Head $20 Gold Coin

    Determining a price for the Liberty Head $20 Gold Coin is as easy as taking into consideration a few different factors. For one, because there were multiple types of these coins minted every year, the scarcity associated with the exact type of gold coin you own will play into the asking price. Secondly, because collectors care so much about condition it only follows that 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 an 1893 Liberty Head $20 Gold Coin given its condition and type.

    Liberty Head $20 Gold Coin

    1893 Liberty Head $20 Gold Coin N/A N/A $1,475 $1,485
    1893 Liberty Head $20 Gold Coin (CC) N/A N/A $3,500 $4,500
    1893 Liberty Head $20 Gold Coin (S) N/A N/A $1,475 $1,485
    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.