The 1856-O Coronet Head Gold $20 Double Eagle is a fascinating coin in American history. Minted in New Orleans, this coin not only represents a significant piece of art but also tells a story about the time it was produced. With its beautiful design and historical significance, collectors and enthusiasts alike find it captivating. This article will explore the history, design, rarity, and value of the 1856-O Coronet Head Double Eagle, making it easy to understand for everyone.
History of the 1856-O Coronet Head Gold $20 Double Eagle
The Coronet Head Double Eagle was designed by James B. Longacre and was first minted in 1849. The 1856-O version was produced at the New Orleans Mint, indicated by the “O” mint mark. During this period, the United States was experiencing economic growth due to the California Gold Rush, which increased the supply of gold and boosted the economy.
The New Orleans Mint played a vital role in minting gold coins during the 19th century. However, in 1856, the mint produced a limited number of Double Eagles, which makes this particular coin rare today. This rarity, combined with its historical context, makes the 1856-O Double Eagle a prized item for collectors.
Design of the 1856-O Coronet Head Gold $20 Double Eagle
The design of the 1856-O Coronet Head Double Eagle is admired for its artistry and symbolism. Below are the key features:
Obverse (Front)
The front side of the coin features the Coronet Head of Lady Liberty. She wears a coronet, which is a type of crown, symbolizing her status and freedom. The word “LIBERTY” is inscribed on her coronet, emphasizing the values of liberty and democracy.
Reverse (Back)
On the reverse side, the coin displays a majestic eagle, representing strength and patriotism. The eagle holds an olive branch and arrows, symbolizing peace and readiness for defense. Surrounding the eagle are the words “UNITED STATES OF AMERICA” and “TWENTY DOLLARS,” indicating the coin’s value and national identity.
Metal Composition
The 1856-O Double Eagle is made of 90% gold and 10% copper, giving it a distinct yellow color and making it durable. The coin weighs approximately 33.44 grams, which is the standard weight for Double Eagles.
Rarity and Value of the 1856-O Coronet Head Double Eagle
The 1856-O Coronet Head Double Eagle is considered rare and valuable for several reasons:
Low Mintage
Only about 1.1 million coins were minted in 1856. This lower production rate contributes to its rarity, as fewer coins are available in the market today.
Historical Importance
The coin is a reminder of a significant era in American history. It reflects the artistic values of the time and highlights the importance of gold in the economy.
Auction Prices
The value of the 1856-O Double Eagle can vary greatly depending on its condition. Well-preserved coins can sell for tens of thousands to even hundreds of thousands of dollars at auction, making it a valuable item for collectors.
Table: Quick Facts about the 1856-O Coronet Head Gold $20 Double Eagle
| Feature | Details |
|---|---|
| Year Minted | 1856 |
| Mint Location | New Orleans, Louisiana (O Mint Mark) |
| Designer | James B. Longacre |
| Metal Content | 90% Gold, 10% Copper |
| Weight | 33.44 grams |
| Diameter | 34 mm |
| Mintage | Approximately 1.1 million |
| Known to Exist | Fewer than 200,000 |
| Record Sale Price | Over $500,000 |
Why Collect the 1856-O Coronet Head Double Eagle?
Collecting the 1856-O Coronet Head Gold $20 Double Eagle is not just about financial investment; it is also about owning a piece of American history. This coin serves as a tangible connection to a significant time in the past when gold was a critical part of the economy. Additionally, the beauty and craftsmanship of the coin make it a fascinating item for collectors and enthusiasts alike. The more you learn about this coin, the more you can appreciate its value, both monetary and historical.
Conclusion
The 1856-O Coronet Head Gold $20 Double Eagle is a remarkable coin that combines beauty with historical significance. Its stunning design, low mintage, and artistic value make it a prized possession among collectors. This coin reflects a critical moment in American history, during a time of economic growth and change. Whether you are a seasoned collector or just starting your journey in numismatics, understanding the value and importance of the 1856-O Double Eagle can enhance your appreciation for this beautiful piece of art. As time passes, this coin continues to shine as an example of America’s rich heritage and artistry
FAQ’s
1. Why is the 1856-O Coronet Head Gold $20 Double Eagle so valuable?
Its value comes from its low mintage, beautiful design, and historical importance, making it rare among collectors.
2. How many 1856-O Double Eagles were minted?
Approximately 1.1 million coins were minted, which is considered low for this type of coin.
3. What is the metal composition of the 1856-O Double Eagle?
The coin consists of 90% gold and 10% copper, weighing about 33.44 grams.
4. Where was the 1856-O Coronet Head Double Eagle minted?
It was minted at the New Orleans Mint, indicated by the “O” mint mark.
5. How much can a 1856-O Double Eagle sell for?
Depending on its condition, it can sell for tens of thousands to over $500,000 at auction.