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    1896 Liberty Head $20 Gold Coin

    The 1896 Liberty Head $20 Gold Coins were produced in high numbers, nearly 2.2 million were struck between the Philadelphia and San Francisco mints. Naturally, the bulk of production came from the San Francisco mint, which was in the epicenter of the Gold Rush, which exploded five decades earlier. Even late in the 19th century, $20 gold double eagles tended to circulate more in the West than the East.

    While mintage figures appear high for the Liberty Head $20 Gold Coin of 1896, keep in mind that far fewer pieces survive today than were originally minted. Today, surviving 1896 Liberty Head $20 Gold Coins are lower than the mintages may indicate. Given the relative scarceness of pre-1933 gold coins in general, it makes sense from the buyer’s perspective to only buy 1896 Liberty Head $20 Gold Coins that have been authenticated and certified by reputable third-party coin grading firms.

    Grading the 1896 Liberty Head $20 Gold Coin

    For coins that are more than 100 years old like the 1896 Liberty Head $20 Gold Coin, the condition the coin is in is something that is always called into question. The reason for this is due to the fact that, during their time in circulation, these coins were subjected to innumerable sources of wear and tear. For collectors, this is why it is important to assess the condition of a coin before ever committing to a purchase.

    Normally, a person who is looking to find out an official grade for their coin will refer to a professional company who executed coin grading. Understanding that not everyone has the extra money sitting aside to send coins away for grading, we have provided below an outline of the different popular coin grades.

    Uncirculated: Uncirculated coins are those that spent a very short period of time, or no time at all, being exchanged. These coins will have retained all of their original texture, and the coins raised design will appear as though it was just minted. For collectors, these coins are the most desirable but also on the pricier side of things.

    Extremely Fine: A coin that is graded as being Extremely Fine is one that spent a very short period of time in circulation. These coins will appear to be in absolutely perfect shape, but under close inspection you will notice that there is some light scratching on the coin’s surfaces.

    Fine: If the Liberty Head $20 Gold Coin in question is determined to be Fine, this means that it spent a good amount of time being circulated. Though they spent a lot of time changing hands, these coins were somehow able to avoid becoming overly damaged or worn. However, you will notice light scratching more often than not.

    Good: If a coin’s grade is Good, this means that the coin in question spent a very long time being exchanged. These pieces will feel smooth to the touch because the raised imagery and inscriptions will have been worn down due to the changing of hands. Though in poor shape, these coins are still desirable to the right collector.

    Pricing the 1896 Liberty Head $20 Gold Coin

    If you are attempting to determine a price for a coin that is more than 100 years old, you must look no further than the condition the coin is in and type of coin. The US Mint produced different types of Liberty Head $20 Gold Coins almost yearly, so knowing the type of coin you own will help you when it comes to determining a price. Secondly, the condition the coin is in will play into the asking price. Below is a chart aimed at giving you a better idea of what you will be asked to pay for a 1896 Liberty Head $20 Gold Coin given the coin’s condition and type.

    Liberty Head $20 Gold Coin

    DATE GOOD FINE EXTREMELY FINE UNCIRCULATED
    1896 Liberty Head $20 Gold Coin N/A N/A $1,475 $1,485
    1896 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.