The Double Eagle coin is a gold coin minted by the United States Mint from 1850 to 1907, and again in 1933. It gets its name from the eagle, a symbol of the United States, depicted on the coin’s reverse.
On the obverse, the coin features the so-called “Coronet Head” portrait — an effigy of Lady Liberty wearing a small coronet. The Double Eagle was produced in several denominations, including:
- 1 USD
- 2.50 USD
- 3 USD
- 4 USD
- 20 USD
Among these, the 20 USD coin is the most iconic and the largest denomination ever produced by the United States Mint. It also ranks among the most valuable coins in the world, with some pieces fetching several million dollars at auction.
Features and Value of the 20 USD Double Eagle
The 20 USD Double Eagle gold coin weighs approximately 1.07 ounces (33.4 grams) of pure gold. As mentioned, it was minted between 1850 and 1907, as well as in 1933. Its value is based on a combination of factors:
| Factor | Description |
| Rarity | How many examples have survived? |
| Condition | Preservation and quality of the coin |
| Historical significance | Its role and place in U.S. monetary history |
The Famous 1933 Double Eagle
One of the most dramatic stories involves the Double Eagle of 1933: this coin was never officially released into circulation. Only a few specimens were struck, and the vast majority were later melted down by the government.
However, a handful of coins escaped this fate and are now considered among the rarest and most coveted in the world. In 2002, a 1933 Double Eagle sold at auction for a record-breaking sum of over 7 million dollars — the most expensive coin ever sold.
The Significance of the 1849 Double Eagle
The 1849 Double Eagle is a 20 USD gold coin minted during the California Gold Rush, which began in 1848. This historical context led to a surge in gold coin production in the United States.
Many coins were shipped to California to serve as a means of payment in the gold fields. Due to heavy circulation, many of these coins were lost or damaged — making surviving specimens especially rare.
Value Drivers and Collector Interest
Beyond their rarity, the gold content also plays a key role in the value of these coins. Market price is thus influenced by both the metal’s worth and the coin’s historical uniqueness.
Overall, the 1849 Double Eagle is regarded as an extremely valuable and highly sought-after coin, capable of commanding high prices at auction.
Legacy and Importance of the Double Eagle
The Double Eagle coin is not just a piece of American numismatics — it’s a fascinating reflection of history, economics, and artistry. Its rarity, gold content, and historical background make it a highly treasured item for collectors worldwide.
