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    1905 Liberty Head $20 Gold Coin

    The 1905 Liberty Head $20 Gold Coins produced 1.9 million coins which were struck at the Philadelphia and San Francisco mints, a typical figure for the Liberty Head series. Designed by Chief Engraver of the United States Mint James B. Longacre, Liberty Head $20 Gold Coins mainly circulated in the West.

    The 1905 Liberty Head $20 Gold Coins contain 0.9613 ounces of gold, weigh 33.44 grams, and measure 34 millimeters wide. The overall heavy weight and large size of $20 gold coins is appealing to coin collectors and bullion investors, and the romantic history behind double eagles is alluring to numismatists and non-numismatists alike.

    Grading the 1905 Liberty Head $20 Gold Coin

    For coins that are well over 100 years old, the condition that that coin is in is a mystery. This is so because these pieces have been circulated for so many years that many of them have become damaged. For this reason, you will see collectors pay incredibly close attention to the condition the coin is in. Before ever making a purchase, the surfaces of the coin will be closely assessed in order to pick out any and all imperfections.

    For most people, the logical option is to have a coin sent away for grading so that a professional can judge its condition. Understanding that this is not an option for everyone, we have provided an outline of the different coin grades and their characteristics below.

    Uncirculated: If a coin is determined to be Uncirculated, this means that the coin in question will not have been circulated at all. As such, the surfaces of these coins will be well-preserved such that the piece looks as though it was just minted not too long ago. For collectors, these pieces are the most sought after, but are also some of the most expensive.

    Extremely Fine: A coin that is graded as being Extremely Fine is one that spent barely any time at all in circulation. Under close inspection you will see that the surfaces of the coin have incurred some damage due to their time in circulation, but at first glance these coins will appear to be in perfect shape. All in all, these coins are an excellent addition to any collection new or old.

    Fine: A Fine coin is a middle of the road piece that is not in perfect condition but not too heavily damaged either. When holding these coins, you will notice that the surfaces have been worn down a good bit thanks to the exchanging of hands over the years. You may also notice some light scratching. For collectors, these coins are in decent condition and are an affordable addition to a collection.

    Good: A coin of Good grade is one that has spent a good bit of time in circulation. These coins will appear to be heavily worn and devoid of just about any texture. Even the images and inscriptions on these coins will be worn down over the years thanks to the changing of hands over the years.

    Pricing the 1905 Liberty Head $20 Gold Coin

    When it comes to determining a price for a coin like the Liberty Head $20 Gold Coin, there are a few things you must pay attention to. First and foremost, because condition means everything to collectors the condition of the coin will be of the utmost importance when it comes to determining price. Secondly, the fact that there were multiple versions of the coin minted every year means that the exact type of coin you own will also play into the asking price. Below is a chart aimed at giving you a better idea of what you can expect to pay for a 1905 Liberty Head $20 Gold Coin given its condition and type.

    Liberty Head $20 Gold Coin

    DATE GOOD FINE EXTREMELY FINE UNCIRCULATED
    1905 Liberty Head $20 Gold Coin N/A N/A $1,675 $1,700
    1905 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.