Premier Coin Galleries Liberty Head Double Eagle
Of all U.S. minted investment-grade gold coins, $20 “Double Eagles” are among the most highly prized. Ten dollar gold pieces acquired the nickname “Eagles” after the eagle on the reverse of the coin. Thus, $20 gold pieces became known as “Double Eagles.” They are somewhat rare, as many were melted down, so locating investment-grade examples may prove challenging. While many precious metals dealers sell newly minted gold coins, usually only rare coin dealers sell investment-grade double eagles.
Contact several rare coin dealers selling double eagles. Many have websites. If you live in a larger city, there may be local rare coin dealers you can visit in person. Search for either Liberty Head $20 gold pieces minted from 1850 to 1907 or the Walking Liberty gold coins minted from 1907 to 1933.
Explain that you wish to buy investment-grade double eagles that have been independently certified by either Numismatic Guaranty Corp (NGC) or Professional Coin Grading Service (PCGS). These companies are the official grading services of the American Numismatic Association (ANA) and the Professional Numismatists Guild (PNG). Grading services do not sell coins; they grade coins based on the 70-point Sheldon Scale. The higher the grade, as an example MS-64, (MS = Mint State) the higher the price of the coin. The coin’s price will also be determined by its rarity. For example, a 1908 Walking Liberty minted without the motto “In God We Trust” is more expensive than a 1908 Walking Liberty minted with the motto.
Determine which double eagles you can afford to purchase. Ask each dealer you contacted for a quote.
Compare the dealer quoted prices. Be certain to compare prices for like coins of a specific year and grading condition. Based upon rarity, a coin with a lower mintage and grade may actually sell for more than a coin with a higher mintage and a higher grade.
Purchase the coin(s) you believe to be the best value for your investment dollars.
Take physical possession of your gold double eagles. Be sure to store them in a secure location such as a home safe or safety deposit box.
Article Source: Rich Finzer – www.ehow.com
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