1898 S Liberty Double Eagle 20$ Solid Gold Coin: A Treasure of American History
The 1898 S Liberty Double Eagle 20$ solid gold coin is not just a piece of currency; it is a treasure trove of American history and craftsmanship. This coin, minted by the United States Mint, holds a special place in the hearts of collectors and enthusiasts alike. Let’s delve into the details of this remarkable coin.
Design and Minting Details
The obverse of the 1898 S Liberty Double Eagle features Lady Liberty, depicted in a seated position with her back to the viewer. She is adorned with a liberty cap on her head, symbolizing freedom. Her hair is styled in a flowing mane, and she holds a shield with the inscription “LIBERTY” across it. The coin’s face value, “TWENTY DOLLARS,” is inscribed at the bottom.
The reverse of the coin showcases an eagle, perched on a rock, with its wings spread wide. The eagle clutches an olive branch and arrows in its talons, symbolizing peace and strength. The words “UNITED STATES OF AMERICA” encircle the top of the coin, while “IN GOD WE TRUST” is inscribed below the eagle.
The coin was minted at the San Francisco Mint, as indicated by the “S” mint mark on the coin’s edge. The San Francisco Mint was known for its high-quality craftsmanship, and the 1898 S Liberty Double Eagle is no exception.
Historical Significance
The 1898 S Liberty Double Eagle holds significant historical importance for several reasons. Firstly, it was minted during a period of economic prosperity in the United States. The coin’s gold content, which was 0.9675 fine, made it a valuable piece of currency during its time.
Secondly, the coin was minted in limited quantities, making it a rare and sought-after collectible. Only 445,500 of these coins were produced, and many were melted down or exported to other countries. This scarcity adds to the coin’s value and desirability among collectors.
Additionally, the 1898 S Liberty Double Eagle is associated with the famous “Crime of the Century” in the coin collecting world. In 1933, President Franklin D. Roosevelt issued Executive Order 6102, which required the surrender of gold coins and bullion to the government. Many collectors, including the famous collector John J. Ford, managed to hide their gold coins, including the 1898 S Liberty Double Eagle, from the government. This coin was later sold at auction in 1944 for $10,875, setting a record for the highest price paid for a coin at the time.
Collecting and Value
Collecting the 1898 S Liberty Double Eagle is a passion for many coin enthusiasts. The coin’s historical significance, rarity, and craftsmanship make it a highly sought-after piece. Its value can vary depending on its condition, with uncirculated coins fetching higher prices than circulated ones.
Condition is a crucial factor in determining the value of the 1898 S Liberty Double Eagle. Coins graded MS-65 (Mint State 65) or higher are considered in excellent condition and can command premium prices. The coin’s value can also be influenced by factors such as its originality, mint mark, and any unique characteristics it may possess.
When purchasing a 1898 S Liberty Double Eagle, it is essential to buy from a reputable dealer or auction house. Authenticity is crucial, as there have been instances of counterfeits and forgeries in the coin collecting world. Certifications from reputable grading services, such as the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC), can provide added assurance of the coin’s authenticity and condition.
Conclusion
The 1898 S Liberty Double Eagle 20$ solid gold coin is a remarkable piece of American history and craftsmanship. Its design, historical significance, and rarity make it a highly sought-after collectible. Whether you are a seasoned collector or a beginner, this coin is sure to captivate your interest and add value to your collection.
| Year | Mint Mark | Production | Gold Content |
|---|---|---|---|
| 1898 | S (San Francisco) | 445,500 | 0.967
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