Certified Gold Double Eagles Posted by James Randolph on December 01, 2009
December 1, 2009 – Certified gold Double Eagles were first minted in 1849, as the US government’s way of celebrating the discovery of gold in California. Prior to the minting of the $20 Lady Liberty Double Eagle coin, the US Mint had never produced a coin with a face value larger than $10.
Gold coins with a $10 face value were titled Eagles, so the “double” stems from the fact that the new coins were double the face value of any previously existing American coinage. The $20 Lady Liberty Double Eagle was a continuation of the Lady Liberty series, which already included a $10 and $5 coin.
In 1907, President Theodore Roosevelt ordered the design of a new gold coin, and Augustus Saint-Gaudens design of Lady Liberty was impressed upon all $20 gold coins within the United States from 1908-1933. Roosevelt declared that Saint-Gaudens’ coin was the most beautiful design that he had ever laid eyes upon, and it was instantly declared a classic coin not meant for circulation.
Certified gold Double Eagles came into existence in 1986, when the Professional Coin Grading Service (PCGS) was formed. This organization examines and grades historic coins from around the world, and numismatists at PCGS have certified some gold Double Eagle coins as being in “Uncirculated Mint State” condition. These coins are highly sought by US coin collectors and long-term gold investors for their unique story, numismatic value, and their inherent one ounce of gold.
PCGS has protected these American antiquities within a hermetically sealed, tamper-proof container, and each coin has been assigned a grade and serial number. If you are ready to supplement your current holdings with certified gold Double Eagles, call us at 800-300-0715 contact us electronically for free, customized information.
Senior Staff Writer – Certified Gold Exchange