The 1903 Liberty Head $20 Gold Coins produced 1.2 million coins and were made at the Philadelphia and San Francisco mints, with many more coming from the latter. As is the case with almost all pre-1933 coins, due to damage beyond collectability and melting, far fewer pieces survive today than were originally minted.
Since far fewer Liberty Head $20 Gold Coins survive today for collectors than were minted, it’s imperative for prospective purchasers to buy 1903 $20 gold coins that have been graded by reputable third-party coin certification companies.
For coins that are more than a century old, collectors are wary of making a purchase thanks to the fact that many of these coins have been heavily circulated. Though there are plenty of coins that have been well-preserved, there are even more still that have seen their better days. For this reason, you will see collectors carefully pour over the surfaces of a coin in an attempt to spot even the smallest signs of wear and tear.
For most, the best way to have the condition of a coin determined is to send that coin away to be graded. We know that this is a costly process not able to be afforded by everyone, so because of that we have provided below an outline of the different popular coin grades.
Uncirculated: If a coin is determined to be Uncirculated, this means that the coin was never exchanged on the open market. Instead of being circulated, these coins were almost immediately placed into safekeeping, where they effectively avoided damage. For collectors an Uncirculated coin is the most desirable because they are in the absolute best condition possible.
Extremely Fine: If a coin is graded as being Extremely Fine, this means that it was circulated for a short period of time. During its time in circulation, these pieces will have incurred some type of damage, but nothing that will be noticeable unless you are taking a very close look at the surfaces. For collectors, these coins are also in pristine condition and are a great addition to any collection.
Fine: If a coin is determined to be of Fine grade, you can bet that the piece was circulated for some period of time. Though it is impossible to say how long these coins were in circulation, you can tell from the light scratching and surface wear that it was a good bit of time. At the end of the day, however, these coins are still in fairly decent overall shape.
Good: If a coin is determined to be Good, this means that it was circulated for an elongated period of time and decently damaged during that time. The imagery and inscriptions on the surfaces of these coins will be a bit more difficult to make out simply because scratching and chipping will have done a lot of damage to the faces of the coin.
For coins like the 1903 Liberty Head $20 Gold Coin, determining a price is something that really is not all that difficult to do. Because multiple types of coins were minted each year, the exact type of Liberty Head $20 Gold Coin you own will help you figure out an appropriate price point. Secondly, by assessing the coin’s overall condition, you will be able to tell just how well-preserved the piece is and thus be able to establish a price. Below is a chart aimed at giving you a better idea of what you might expect to pay for a 1903 Liberty Head $20 Gold Coin given its condition and type.
Liberty Head $20 Gold Coin
|1903 Liberty Head $20 Gold Coin||N/A||N/A||$1,675||$1,700|
|1903 Liberty Head $20 Gold Coin (S)||N/A||N/A||$1,475||$1,485||Source: Red Book|