Legacy Precious Metals Call: 1-800-608-2850

As a direct result of the huge amounts of gold that were coming from the California Gold Rush, a larger-sized coin was needed to transfer America’s new found wealth into spendable coinage. The solution was to double the $10 Gold Eagle, which was the largest-sized official government coin up to that time. The new $20 Gold Double Eagle was a symbol of our country’s wealth during the time period the United States was in transition to becoming a major world power. It became one of the most influential and important gold coins ever made by the U.S. Mint. The Type I Double Eagle did not only set the precedent for new American coinage, but also set the standard of gold coinage for the entire world. Type I Double Eagles today are one of the best values in the rare coin market and are prime candidates for your portfolio if you are looking for coins that have large profit potential.

Minted from 1850-1866, the Type I Double Eagle was produced during a time period like no other in United States history. There were major times of prosperity and destitution, hope and despair, peace and war. The California Gold Rush, the sinking of the S.S. Central America, the "Panic of 1857", the building of the Transcontinental Railroad, the Civil War, and the assassination of President Abraham Lincoln are all viewed by major historians as some of the most important events in shaping the United States. These historic dates are all represented by the Type I Double Eagle and contribute to what makes the coins so fascinating to own.

There are currently 5 Type Double Eagles that rank among the 100 Greatest U.S. Coins. Even more impressive, the most valuable coin in the world is the 1849 Type I Double Eagle Pattern that rests in the Smithsonian Museum, having an estimated value of 20 million dollars.

The Type I Double Eagle is extremely popular among collectors and investors although it is becoming increasingly difficult to obtain. Type I Double Eagles are extremely rare today. Over the last 150 years, most coins have been lost, damaged, or melted down. In fact, most dates had a staggering survival rate of less than 1 percent. Coin populations for each year vary, but a majority of dates have less than an estimated 1,000 coins in existence. Key dates from the series have existing populations in the 100’s or less, while the ultra rare dates have an estimated 25-30 coins remaining. These coins can range in value from just a few hundred dollars over the spot price of gold to hundreds of thousands of dollars and beyond, depending on their rarity and condition.

Over the past 5 years most key dates have realized gains between 100-200%, while the finest known issues have seen even greater gains. Even though past performance doesn’t indicate future gains, we are optimistic these coins will yield positive results due to their core fundamentals—rarity, popularity, and historical importance. These core fundamentals are recognized by collectors and investors and are the driving factors for the consistent price appreciation during the preceding five years. We feel that as demand continues to increase, the prices will also increase and these coins will continue to yield large gains.

To find out more information regarding the Type I Double Eagles call 1-800-608-2850 to speak with a Legacy Rare Coin Executive.

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