The 1850–1866 $20 Liberty Gold Double Eagle Type 1 (Damaged) is an early issue of one of America’s most iconic gold coins, first introduced during the California Gold Rush era. Minted from 90% gold and 10% copper, each coin contains 0.9675 troy ounces of gold and reflects a pivotal time in U.S. economic history.
Designed by James B. Longacre, the obverse features Lady Liberty wearing a coronet inscribed with “LIBERTY,” surrounded by stars representing the states. The reverse displays a heraldic eagle with shield, olive branch, and arrows. Type 1 coins (1850–1866) do not include the motto “IN GOD WE TRUST,” which was added in later years.
This coin is classified as “damaged,” meaning it may exhibit issues such as heavy wear, scratches, dents, or other impairments that affect its overall appearance. While such damage reduces its numismatic (collector) value, it remains highly desirable for its gold content and historical importance.
As one of the earliest Double Eagle designs, the Type 1 Liberty holds special appeal among collectors of pre-1933 U.S. gold. It offers an affordable opportunity to own a significant piece of American history while still retaining strong intrinsic bullion value
