What Is The Value Of Double Eagle Commemorative Coins?
The double eagle ($20) gold coin is one of the most iconic coins in U.S. history. First minted in 1850, the double eagle was the largest denomination coin ever produced by the United States Mint for regular circulation.
In recent decades, the U.S. Mint has issued several commemorative double eagle coins in limited quantities. These modern double eagles are highly sought after by coin collectors and can be quite valuable compared to their original face value of $20.
If you’re short on time, here’s a quick answer to your question: Double eagle commemorative coins can range in value from around $500 to over $2,000 depending on the mintage, condition, and demand.
In this comprehensive guide, we’ll cover everything you need to know about double eagle commemoratives including key dates, mintage figures, and how to determine the value of these unique coins.
Brief History of the Double Eagle Gold Coin
The Double Eagle gold coin holds a significant place in American numismatic history. Let’s delve into its fascinating journey through time.
The Origins and Early History of the Double Eagle (1849-1907)
The Double Eagle gold coin was first introduced in 1849 during the California Gold Rush. It was initially minted with a face value of $20, making it the largest denomination of any U.S. coin at the time.
The coin was originally designed by James B. Longacre and featured a depiction of Lady Liberty on the obverse and a majestic eagle on the reverse.
During its early years, the Double Eagle played a crucial role in facilitating commerce and trade in the United States. Its high gold content made it a reliable store of value, and it quickly gained popularity among both domestic and international investors.
Over the years, the design of the Double Eagle underwent several modifications to reflect changing aesthetics and political ideologies. Notable variations include the addition of the motto “In God We Trust” in 1866 and the introduction of the Saint-Gaudens design in 1907, which is widely regarded as one of the most beautiful coin designs in American history.
The End of the Double Eagle and the Great Rarities of 1933
In 1933, amidst the economic turmoil of the Great Depression, President Franklin D. Roosevelt issued an executive order prohibiting the hoarding of gold. This effectively ended the circulation of the Double Eagle, and most of the coins were melted down.
However, a few escaped destruction and found their way into private hands.
Today, the 1933 Double Eagle is considered one of the great rarities of the numismatic world. Only a handful of these coins are known to exist, and they have fetched astronomical prices in the rare coin market.
In fact, a 1933 Double Eagle sold for a record-breaking $7.6 million in 2002, making it one of the most valuable coins ever sold.
Modern Commemorative Double Eagle Coins
In recent years, the U.S. Mint has issued commemorative Double Eagle coins to honor important figures and events in American history. These modern iterations of the Double Eagle often feature updated designs and special finishes, making them highly sought after by collectors.
Commemorative Double Eagle coins offer a unique opportunity for collectors to own a piece of history while also supporting the arts and culture. These coins are often issued in limited quantities, adding to their desirability among numismatists.
For more information on the Double Eagle gold coin and its historical significance, you can visit the U.S. Mint website.
Overview of Key Double Eagle Commemorative Issues
The Double Eagle Commemorative Coins hold immense value among collectors and numismatists due to their historical significance and exquisite craftsmanship. These coins were minted to commemorate various important events and landmarks in American history.
Let’s take a closer look at some of the key Double Eagle Commemorative Issues:
1984 Los Angeles XXIII Olympiad Coin
The 1984 Los Angeles XXIII Olympiad Coin was issued to celebrate the Olympic Games held in Los Angeles that year. This coin features the iconic Olympic torch and the Coliseum, symbolizing the spirit of the games.
It holds a special place in the hearts of sports enthusiasts and Olympic memorabilia collectors.
1986 Statue of Liberty Centennial Coin
The 1986 Statue of Liberty Centennial Coin was released to commemorate the 100th anniversary of the Statue of Liberty. This coin showcases Lady Liberty herself, a symbol of freedom and hope. It serves as a reminder of the rich history and values that the United States holds dear.
1991 Mt. Rushmore 50th Anniversary Coin
The 1991 Mt. Rushmore 50th Anniversary Coin was minted to honor the 50th anniversary of the completion of Mount Rushmore National Memorial. This coin features the iconic faces of George Washington, Thomas Jefferson, Theodore Roosevelt, and Abraham Lincoln, carved into the granite of the Black Hills in South Dakota.
1995 Civil War Battlefields Coin
The 1995 Civil War Battlefields Coin pays homage to the historic battles fought during the American Civil War. This coin depicts soldiers engaged in combat, representing the bravery and sacrifice of those who fought during this tumultuous period in our nation’s history.
1999 Yellowstone National Park Coin
The 1999 Yellowstone National Park Coin celebrates the natural beauty and significance of one of America’s most beloved national parks. This coin showcases the majestic image of Old Faithful, a famous geyser within the park, and reminds us of the importance of preserving our natural treasures.
2006 Old Mint (San Francisco) Coin
The 2006 Old Mint Coin was issued to commemorate the Old Mint building in San Francisco, which played a significant role in the city’s history. This coin serves as a tribute to the rich heritage and economic importance of San Francisco during the gold rush era.
2015 High Relief Coin
The 2015 High Relief Coin is highly sought after by collectors due to its exceptional design and craftsmanship. This coin features a stunning high-relief rendition of Lady Liberty, creating a three-dimensional effect that is truly awe-inspiring.
2021 Morgan and Peace Dollar Coin
The 2021 Morgan and Peace Dollar Coin is a highly anticipated release that pays tribute to two iconic coin designs from the early 20th century. This coin features a representation of the Morgan Dollar on one side and the Peace Dollar on the other, capturing the essence of American coinage history.
These Double Eagle Commemorative Coins offer collectors a unique opportunity to own a piece of American history and celebrate the events and landmarks that have shaped our nation. Their rarity, beauty, and historical significance make them highly valued among numismatic enthusiasts.
Determining the Value of Double Eagle Commemoratives
Double Eagle Commemorative coins hold a special place in the hearts of coin collectors and enthusiasts. These coins were minted by the United States Mint to commemorate significant events or people in American history.
The value of Double Eagle Commemoratives can vary based on several factors, including mintage and scarcity, condition and grading, special label and packaging, precious metal content, and historical significance and demand.
Mintage and Scarcity
The mintage and scarcity of a Double Eagle Commemorative coin greatly impact its value. Coins with a lower mintage are generally considered more valuable and sought after by collectors. For example, the 2019 Apollo 11 50th Anniversary Commemorative Coin had a limited mintage of 50,000 coins, making it highly desirable among collectors.
On the other hand, coins with higher mintages may have a lower value due to their abundance in the market.
Condition and Grading
The condition and grading of a Double Eagle Commemorative coin play a crucial role in determining its value. Coins in pristine condition, with little to no signs of wear or damage, are highly sought after and command a higher price.
The grading of a coin, done by professional grading services such as the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC), provides an objective assessment of its condition.
Higher graded coins, such as those with a grade of MS-70 (mint state 70), are considered more valuable.
Special Label and Packaging
Some Double Eagle Commemorative coins come with special labels and packaging, which can add value to the coin. These labels may indicate a limited edition, a specific event, or a special designation. Collectors often find these unique labels and packaging appealing, and they may be willing to pay a premium for them.
Precious Metal Content
Double Eagle Commemorative coins are typically made of precious metals such as gold or silver. The value of these coins is closely tied to the current market price of the precious metal they contain. For example, if the price of gold is high, the value of a Double Eagle Commemorative coin made of gold will also increase.
Collectors and investors often track the precious metal market to determine the value of their coins.
Historical Significance and Demand
The historical significance and demand for a Double Eagle Commemorative coin can greatly influence its value. Coins that commemorate important events or people in American history, such as the 2009 Abraham Lincoln Commemorative Coin, may be highly sought after by collectors.
The demand for these coins can drive up their value in the market.
It’s important to note that the value of Double Eagle Commemorative coins can fluctuate over time based on market conditions and collector demand. Collectors should do thorough research and consult reputable sources, such as the United States Mint or PCGS, to stay informed about the current value and market trends of these coins.
Tips for Buying and Selling Double Eagle Commemoratives
Buy Only NGC or PCGS Certified Coins
When purchasing Double Eagle commemorative coins, it is crucial to buy only those that have been certified by reputable grading companies like NGC (Numismatic Guaranty Corporation) or PCGS (Professional Coin Grading Service).
These companies carefully examine each coin, assess its condition, and assign it a grade. The certification ensures the authenticity and quality of the coin, providing peace of mind to buyers. Additionally, certified coins tend to have higher resale value compared to raw or uncertified coins.
Be Wary of Raw or Questionably Graded Coins
While raw or ungraded Double Eagle coins may appear tempting due to potentially lower prices, it is important to exercise caution when considering such purchases. Without professional grading, there is a higher risk of acquiring coins with undisclosed damage or alteration.
It is best to rely on the expertise of certified grading companies to ensure the integrity of your investment.
Research Fair Market Values Thoroughly
Before buying or selling Double Eagle commemorative coins, it is imperative to conduct thorough research on their fair market values. Understanding the current market trends and prices will help you make informed decisions and avoid overpaying or underselling.
Websites like PCGS and NGC provide valuable resources and market information to assist collectors and investors in making sound financial choices.
Use Reputable Dealers for High-Value Coins
When dealing with high-value Double Eagle commemorative coins, it is advisable to work with reputable dealers who have established themselves in the numismatic community. These dealers have a track record of fair dealings and can provide expert guidance on pricing, authenticity, and market trends.
By choosing a trusted dealer, you can ensure a smooth transaction and minimize the potential risks associated with buying or selling valuable coins.
Consider Auction Sales for Rare Dates and Grades
For collectors or investors seeking rare dates and grades of Double Eagle commemorative coins, participating in auction sales can be an exciting and rewarding option. Auctions offer a platform for obtaining unique and highly sought-after coins that may not be readily available through other channels.
However, it is essential to research the auction house’s reputation, understand the terms and conditions, and set a budget before participating in any bidding.
Frequently Asked Questions
What is the most valuable double eagle commemorative coin?
The value of a double eagle commemorative coin can vary greatly depending on various factors such as rarity, condition, and historical significance. However, one of the most valuable double eagle commemorative coins is the 1933 Saint-Gaudens Double Eagle.
This coin holds the record for being the most expensive coin ever sold at auction, with a price tag of over $7 million. Its rarity and the controversy surrounding its ownership contribute to its high value.
What years were double eagle commemoratives minted?
Double eagle commemorative coins were minted between the years 1984 and 2006. During this period, the United States Mint released a series of gold coins to commemorate various historical events and figures.
These coins have unique designs on the obverse and reverse, making them highly sought after by collectors and enthusiasts.
How can you tell if a double eagle coin is real?
Authenticating a double eagle coin can be challenging, as counterfeiters have become increasingly sophisticated in their techniques. However, there are several ways to determine if a double eagle coin is genuine.
One method is to examine the weight and dimensions of the coin, as counterfeit coins often have slight variations. Additionally, you can look for specific mint marks and examine the overall quality of the coin’s design and details.
It is always recommended to consult with a professional coin dealer or use reputable authentication services to ensure the authenticity of a double eagle coin.
Are proofs or uncirculated coins worth more?
The value of a double eagle coin can vary based on its minting method, whether it is a proof or an uncirculated coin. Proofs are specially made coins with highly polished dies, producing a mirror-like finish.
These coins are struck multiple times to enhance the details and are often sold to collectors at a premium price. Uncirculated coins, on the other hand, are coins that have never been used in circulation and are in pristine condition.
While both proofs and uncirculated coins can be valuable, proofs typically command higher prices due to their limited production and collector appeal.
Conclusion
Double eagle commemorative coins represent a unique intersection of history, art, and precious metals. While original double eagles circulated widely, the commemoratives were produced in limited numbers specifically for collectors.
Their value derives not just from the gold content, but also from their mintage figures, condition, and increasing historical significance over time.
With such a wide range of dates, grades, and prices, double eagle commemoratives can be an exciting series to explore for collectors at all levels. Just be sure to educate yourself on values, authenticate any high-priced coins, and work with reputable dealers when buying coins for your collection or as an investment.
