The Double Eagle $20.00 coin has a very long, fabled history as the United States upmost cultural gold coins. The sought after coin was first produced in 1849 and credits much of its successfulness to the California gold rush which had their inception in year 1848.

The finding of gold in California started such an influx of gold into the overall economy in which the United States Mint in Philly opted to produce coins in much bigger variations. In 1849 the United States of America allowed the striking of twenty dollar gold coins. These new gold coins were ninety percent pure gold coins, containing 0.9675 ounces of gold, and additionally have been specially designed by Chief Engraver, James Barton Longacre. Because the active ten dollar coins were being described as Eagles, the more expensive, twenty dollar coins were named Double Eagles.

The largest coins possibly ever to get minted with the United States Of America Mint, Double Eagle coins are an important renowned symbol of affluence as well as accomplishment. Only the most wealthy actually owned these kinds of wonderful, 90% pure gold coin discs. Afterall, during the middle to late 19th century; a Double Eagle gold coin would certainly well over pay for a opulent holiday weekend within New York City.
   
The Liberty Head Double Eagle coin, constructed from 1849 to 1907 was created by James Barton Longacre, the head Engraver of the united states Mint when the Double Eagle was initially struck. .The Double Eagle features a female's face with pearl-bordered diadem written LIBERTY on the rear side, with thirteen stars in an oblong as well as sun rays overhead. The coin's other side boasts a extended bald eagle with a shield upon its breast. UNITED STATES OF AMERICA appears above the bald eagle utilizing the expression TWENTY D directly below. IN GOD WE TRUST had been afterwards included to the Liberty Head Double Eagle coin in 1866. During 1877 the denomination word ended up being changed to TWENTY DOLLARS rather than TWENTY D.
   
The Saint Gaudens Double Eagle Gold coin - widely deemed the most wonderful Us gold coin ever made - was designed as a result of the world renowned artist Augustus Saint Gaudens. The face side of the Saint Gaudens gold coin shows Lady Liberty gripping a torch in her hand as well as an olive stick in her other hand and also sunrays at the rear of her. LIBERTY is shown over her head. The back side includes a soaring eagle over sunrays. Written above are the written text UNITED STATES OF AMERICA and Twenty Dollars. In 1908 the Roman numerals exhibiting the gold coin production dates have been improved to Arabic and IN GOD WE TRUST was added to the coin.

Double Eagle gold coins had been issued from 1850 to 1907 and were routinely distributed up until the economic instability pursuing The First World War, when citizens begun hoarding the coins. Gold coin hoarding, its effect on the United States gold supplies, and the 3 day closing of all finance institutions in the country during the banking crunch of the 1930s result in the Gold Reserve Act of Jan. 1934. This act stopped distribution and personal possession of U.S. gold; and also in the later part of 1934, the 1933 issued $20 dollar Double Eagles ended up being melted down.

The Double Eagle gold coin has long been an appealing collectable gold coin, nonetheless it has had somewhat of a back burner to more popular coins. Well, no longer. The fall of the economic system and also the increase in the value of gold has made gold coins the celebrities of the coin collecting world, and with its over all size, heaviness and cultural relevance the Double Eagle gold coin could be the most brilliant superstar of them all.