Gold coin worth more than $18 million, collectors wish they have a specimen like this one

According to Vibes.okdiario, The 1849 Coronet Head Gold $20 Double Eagle is not just a coin; it is a unique piece of American history that currently resides in the Smithsonian Collection. While its face value is $20, its actual worth far exceeds that amount, making it one of the most valuable coins in both the United States and the world.

Unique Characteristics of the 1849 Double Eagle

The obverse side of the coin features the image of Liberty, without any accompanying motto. As a unique specimen, it has a mintage of just one, making it incredibly rare. The coin is composed of 90% gold and 10% copper, with a diameter of approximately 34mm and a mass of 33.44 grams.

Minting Location

Although there is no mint mark on this coin, it was struck in Philadelphia, which was the primary minting location for many coins during that era. Its rarity and historical significance contribute to its standing as a highly sought-after item among collectors.

Estimated Value

While the 1849 Double Eagle is not for sale and is part of the National Numismatic Collection, experts estimate its value to be around $18,989,940 (rated Proof and PR-63). Some numismatic authorities suggest that if it were available for purchase, it could fetch up to $20 million due to its uniqueness and historical importance.

Melt Value

Despite its high market value, the melt value of the coin—based on its gold content—is estimated to be approximately $2,674.18, according to the USA Coin Book website. This highlights the distinction between viewing the coin as a mere metal piece and appreciating it as a significant historical artifact.

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The Reverse Design

The reverse side of the 1849 Coronet Head Gold Double Eagle features the inscriptions “UNITED STATES OF AMERICA” and “TWENTY D.” Surrounding the eagle are 13 stars, representing the original colonies that declared independence from Britain and became the first states. The eagle, a powerful American symbol, is depicted holding arrows and an olive branch, signifying both readiness for war and a desire for peace. In its beak, the eagle holds a flowing ribbon, further enhancing the coin’s intricate design.

Conclusion

In summary, the 1849 Coronet Head Gold $20 Double Eagle is much more than a coin with a face value. Its unique history, stunning design, and astronomical market value make it a remarkable piece of American numismatic heritage.