![]() Mint Chief Cashier George McCann disagreed with this decision. Unused coins of 20 US dollars of 1933, according to the documents, were to be melted back into gold bars. Failure to comply with the law was punishable by a large fine and imprisonment for 10 years. The population was required to return the gold coins, including the Eagle and the Double Eagle to the treasury. 6102, gold coins that are among the people were outlawed. This year, the California Mint produced 445,500 coins, but they did not go into circulation. Many countries have abandoned the gold standard. In 1933, the Great Depression began in the United States. US money was received in neighboring countries, across Europe, in the countries of North Africa and in Asia, which had a significant impact on international trade. For 80 years, $ USD 20 was at the center of the economic system, ensuring the stability and liquidity of the US currency, which contributed to improving the country’s financial situation. ![]() Gold copy helped the development of the US economy. Gold mines uninterruptedly supplied the precious metal from 1849 to 1933.ĭid you know? In the period from 1849 to 1933, the Double Eagle became the heaviest coin with the largest denomination. From it minted $ USD 2.5 – a quarter of an eagle, $ USD 5 – a half of an eagle, $ USD 10 – an eagle and $ USD 20 – a double eagle of the USA. By 1853, 373 tons of gold was produced in California rivers. ![]() The precious metal was mined in such a quantity that it was decided to build the Mint in the city and mint money for the development of the country’s economy. In 1838, huge reserves of gold were found in California. One of the few surviving samples recognized the most beautiful and most expensive US coin. In 1933, coins were withdrawn from circulation due to the abandonment of the gold standard and the economic crisis called the Great Depression. A sample with such a high denomination has appeared, thanks to the legendary “gold rush” in California. Mint: Philadelphia, Carson City, Denver, New Orleans, San FranciscoĬomposition: 90% gold, 10% copper (0.Double Eagle is the gold coin of $ USD 20 minted in 1849-1933. For three years 1883, 1884, and 1887, the Philadelphia Mint only struck proof versions of the double eagle, giving these proof only issues a special allure with collectors. Regular production took place from 1859 to 1907, with mintages ranging from 20 to 158 pieces. Proof versions of the Liberty Double Eagle were struck in extremely small quantities. The lowest mintage issue of the series is the 1882 Double Eagle, which had a mere 571 coins originally produced. For each of these dates, only a small number circulated examples have survived, with no mint state pieces known to exist. Examples of these issues include the 1854-O, 1856-O, and 1870-CC. Other rarities of the series were created as a result of low mintages and extensive circulation, leading to a very low survival rate. After the design was recalled, all examples were melted except for two pieces which managed to escape. This coin was created when Anthony Paquet modified the reverse design and an unknown number of coins bearing the new design were struck. Another important rarity is the 1861 Paquet Reverse Double Eagle. It is currently within the National Numismatic Collection of the Smithsonian Institution. Technically a pattern, this was the first double eagle struck within the United States. The first is the 1849 Liberty Double Eagle, which has only a single specimen known. This represented the Type 3 or “twenty dollars” design.Ī number of important rarities are included within the series. In 1877, the denomination was spelled completely as “Twenty Dollars” and other elements of the design were slightly modified. This represented the start of the Type 2 or “with motto” design. In 1866, the motto “In God We Trust” was added on the reverse within the circle of stars above the eagle. The inscription “United States of America” appears above, with the denomination written as “Twenty D.” below. ![]() On the reverse of the coin is a version of the heraldic eagle holding scrolls with the words “E Pluribus Unum”. Thirteen stars surround, and the date appears below. She wears a coronet inscribed with the word “Liberty” and has her hair pulled back and bound with some curls falling behind her neck. Longacre features the head of Liberty facing left. The lengthy series is divided into three types, marked by changes in the inscriptions. These twenty dollar gold pieces were authorized under the Act of March 3, 1849, which created the new higher denomination coins to deal with the mass of gold being sent to the Mint at the start of the California Gold Rush. The Liberty Double Eagle was produced from 1849 to 1907.
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