Early U.S Gold Coinage
It all started with Article I, Section 8 of the Constitution of the United States of 1857, which stated ; “ The Congress shall have the Power … To Coin Money. ” Establishing the U.S. Mint was a decade-long procedure with many twists and turns along the means. Secretary of the Treasury, Alexander Hamilton prepared plans for a national Mint, with much of the groundwork done by the Secretary of State, Thomas Jefferson. Discussions about decimal denominations and neologism designs were worked out by April 1792, when George Washington signed the new legislation into law. The Mint Coinage Act of 1792 authorized production of ten different coin denominations, three in amber, five in silver, and two in copper. The first base gold denominations were the $ 10 Gold Eagle, $ 5 Gold Half Eagle, and $ 2.50 Gold Quarter Eagles. early U.S. Mint Gold output, known as “ Early Gold, ” spanned the first base 39 years, between 1795 and 1834. These first amber coins have versatile designs of Liberty on the obverse of the coin. Gold coin designs range from the beginning Turban Head design in 1795, to the Capped Bust in 1807, the classic drumhead in 1834, Liberty Head in 1838, and Saint Gaudens and indian Head designs in 1907, to the modern coin designs of today .
The Quintessential Longacre Design:
James B. Longacre, the third U.S. Mint ’ s chief engraver, is peculiarly known for his purpose of the Liberty and indian Head respectively. The iconic designs are found on the entire crop of aureate denominations from $ 1 to $ 20. Liberty Head Gold coins were issued from 1849-1907 when they were replaced with wholly new gold neologism designs commissioned by President Theodore Roosevelt, who desired to make american ’ randomness neologism into works of monetary art. Until 1849, the U.S. Mint produced merely $ 2.50, $ 5 and $ 10 coins. It was the huge discoveries of gold in California that inspired the mint of the large $ 20 double eagle gold pieces. This caused the U.S. government to seek a more compact form to pay large-scale domestic and international transactions that were collectible merely in gold. The Type-I $ 20 amber mint was born when there was a big inflow of California aureate combined with the motivation for a larger denomination gold coin .
Longacre ’ s plan of the $ 20 Gold Double Eagle, bears the tear of Liberty lining left, amid a set of 13 stars on the obverse. The reverse features a bold expression of mid-19th hundred patriotic emblems, a face american eagle with a big Union shield across its front, clutching an olive outgrowth in its justly claw, and three arrows in its left hook. This was the largest denomination mint that was first minted as a pattern mint in 1849, then minted for commerce from 1850-1907. Depending on the purpose, the Liberty Head Double Eagles are divided into three purpose types :
• Type 1 – ( 1849-1866 ) Without motto on the reverse, and straight sides on the carapace.
• Type 2 – ( 1866-1876 ) “ IN GOD WE TRUST ” motto in the ellipse of stars above the eagle, and a new flowery, curved carapace.
• Type 3 – ( 1877-1907 ) “ TWENTY DOLLARS ” replaces “ TWENTY D. ” Chief Engraver William Barber updates Liberty, tilting her forward .
St. Gauden’s Double Eagle
The last return of the Double Eagle was designed by Augustus Saint-Gaudens, a leading american english Artist and Sculptor, who was commissioned by President Theodore Roosevelt to redesign America ’ mho neologism. The St. Gaudens $ 20 gold Double Eagle, primitively struck in high-relief, is normally referred to as, “ The Most beautiful Coin in the World. ” All amber neologism came to a stop in 1933 during the acme of the Great Depression, with the sign of Executive Order 6102 signed by President Franklin D. Roosevelt, making gold illegal to own, except for “ Rare and unusual ” coins, which were exempted from capture. U.S. Gold was illegal to own or produce between 1933 and 1974, when Congress made amber legal to own again by reversing the executive order in 1974 .
The Gold Eagle
In 1985, the cute metals industry changed constantly when the Gold Bullion Coin Act was signed into police by President Ronald Reagan. The beginning publish of the iconic Gold American Eagle in 1986, captivated the universe with its beautiful historic design and collector respect. It is one of the most seek after coins produced by the United States and the annual free is broadly highly anticipated, specially for collectors who are building sets. There are other popular modern amber coins that feature Liberty prominently, like the 2017 American Liberty 225th Anniversary Coin, a one-ounce gold Liberty high-relief mint minted to commemorate the 225th anniversary of the U.S. Mint. This 1 oz. gold Liberty coin features a modern rendition of an african-american woman as the divine guidance for Liberty on the obverse and a beautiful flying bald eagle on the reverse. No matter what your budget or predilection of denomination or mint score, there is a Liberty Gold coin waiting fair for you. The Liberty gold designs are classic american english history, that is good as gold !