1904 $20 U.S. GOLD LIBERTY NGC64 S

Description

1904 $20 U.S. Gold Liberty NGC MS64 (S Mintmark)

The 1904 $20 U.S. Gold Liberty is a prominent coin from the Liberty Head Double Eagle series, struck at the San Francisco Mint (denoted by the “S” mintmark). This coin has been graded MS64 by the Numismatic Guaranty Corporation (NGC), indicating a high-quality, near-gem condition. Below are the key features and details of this coin:

General Information

Composition and Weight: This coin is composed of 90% gold and 10% copper, weighing 33.436 grams, with a pure gold content of 0.9675 troy ounces. The copper alloy provides the coin with added durability for circulation.

Minting Location: The “S” mintmark indicates that this coin was struck at the San Francisco Mint, a key facility during the gold rush era, known for producing a large quantity of Double Eagles.

Legal Tender: The coin carries a face value of $20, though its true value is determined by its gold content, grade, and collector demand.

Design

• Obverse: The obverse features the iconic image of Lady Liberty in profile, designed by James B. Longacre. Liberty wears a coronet inscribed with “LIBERTY,” surrounded by 13 stars representing the original colonies, with the date “1904” displayed below.
• Reverse: The reverse displays a majestic eagle with a shield on its chest, clutching an olive branch and arrows in its talons. Above the eagle is the national motto “IN GOD WE TRUST,” surrounded by the inscriptions “UNITED STATES OF AMERICA” and “TWENTY DOLLARS.” The “S” mintmark is located just below the eagle’s tail feathers.

Unique Features

Mint State 64 (MS64): Graded MS64 by NGC, this coin is in near-gem uncirculated condition. It exhibits a sharp strike, strong luster, and minimal contact marks, making it an attractive and collectible piece.

San Francisco Mint: The “S” mintmark adds historical significance, as the San Francisco Mint played a crucial role in minting gold coins during the early 20th century, particularly in the aftermath of the California Gold Rush.

Collectibility

NGC Certification: The MS64 grade by NGC confirms the coin’s authenticity and high condition, making it a sought-after item for collectors. This grade is considered very desirable, as it indicates a coin with excellent eye appeal and only minor imperfections.

Historical Context: The 1904 $20 Gold Liberty is part of the later years of the Liberty Head Double Eagle series, which was eventually replaced by the Saint-Gaudens Double Eagle in 1907. This coin represents the culmination of over 50 years of American coinage tradition.

Investment Potential

Gold Content: With nearly one troy ounce of gold, the coin’s intrinsic value is closely tied to the current market price of gold, making it a solid investment in precious metals.

Grade and Condition: As an MS64 coin, it is positioned at the higher end of the grading scale for circulated coins, often commanding a premium over lower-grade examples.

Preservation and Storage

Protection: The coin is encapsulated in an NGC holder, ensuring its protection and preservation. This holder also guarantees the coin’s grade and authenticity, providing peace of mind to collectors and investors.

Handling: To maintain its condition, it is recommended to keep the coin in its NGC holder and handle it minimally to avoid any potential damage.

The 1904 $20 U.S. Gold Liberty NGC MS64 (S Mintmark) is a significant piece of American numismatic history. Its high grade, San Francisco mint origin, and substantial gold content make it a prized addition to any coin collection or investment portfolio.