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Liberty Double Eagle Value

As of October 2, 2026, with gold at $4,138.56 per troy ounce, a Liberty Head double eagle has a melt value of $4,004.06. Every Liberty $20 holds 0.9675 troy ounces of pure gold, the same as the Saint-Gaudens design that replaced it in 1907.

The Liberty Head $20 gold coin, struck from 1850 to 1907, contains 0.9675 troy ounces of pure gold. The melt value below tracks the live gold spot price.

Melt value per coin

$4,004.06/coin

-0.85%
Gold content
0.9675 troy oz
Purity
90% gold
Gold spot
$4,138.56/oz
As of
Oct 2, 2026, 17:08 UTC

1 coin: $4,004.06

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Liberty Double Eagle Specifications

Congress authorized the double eagle in the Act of March 3, 1849, as California Gold Rush gold reached the Mint. James B. Longacre's Liberty Head design weighs 33.436 grams at .900 fineness, for 0.9675 troy ounces of pure gold. That's identical to the Saint-Gaudens double eagle, so the two always share a melt value. The US gold coin melt values table covers every denomination, and the gold price page has the live spot chart.

SpecificationLiberty Head Double Eagle
Years minted1850 to 1907
Face value$20
Gross weight33.436 grams (516 grains)
Fineness.900 (90% gold)
Actual gold weight (AGW)0.9675 troy oz (30.093 grams)
Diameter34 mm
DesignerJames B. Longacre
Mint marksNone (Philadelphia), CC (Carson City), D (Denver), O (New Orleans), S (San Francisco); on the reverse below the eagle

Liberty Double Eagle Melt Value at Different Gold Prices

Each row is 0.9675 troy ounces multiplied by the listed gold price.

Gold spot priceLiberty Head Double Eagle melt value
$3,500 per oz$3,386.25
$3,750 per oz$3,628.13
$4,000 per oz$3,870.00
$4,250 per oz (closest to current spot)$4,111.88
$4,500 per oz$4,353.75
$4,750 per oz$4,595.63
$5,000 per oz$4,837.50

Liberty Double Eagle Types

The reverse tells the three types apart.

TypeHow to identify it
Type 1 (1850 to 1866)No motto on the reverse; the denomination reads TWENTY D.
Type 2 (1866 to 1876)IN GOD WE TRUST added to the reverse; still TWENTY D.
Type 3 (1877 to 1907)Denomination spelled out as TWENTY DOLLARS

Which Liberty Double Eagles Are Worth More Than Melt?

Most common-date Liberty $20s trade close to melt, which makes them, with common Saints, the standard way to buy pre-1933 gold. Date, mint mark and grade decide the rest. The tiers below summarize the PCGS CoinFacts and NGC price guides.

CoinsTypical value against melt
High-mintage dates (1904 is the best known), circulatedMelt plus a modest premium
Common dates, certified mint statePremium grows with grade
Carson City (CC) issues, 1870 to 1893Premiums in every grade; the 1870-CC is the rarest of them
New Orleans rarities such as the 1854-O and 1856-OMajor rarities priced far above melt
1883, 1884 and 1887 PhiladelphiaStruck only as proofs; rare in any condition

Check the mint mark below the eagle on the reverse before selling a Liberty $20 as bullion. For typical dealer markups, see the coin premium page.

Published by MetalCharts, a free precious metals resource providing real-time prices, interactive charts, educational guides, and portfolio management tools. All market data sourced from COMEX, LBMA, and LME.

Data Methodology

How is the melt value per coin calculated?
A Liberty Head double eagle contains 0.9675 troy ounces of pure gold (33.436 grams at 90% gold). Melt value per coin is 0.9675 multiplied by the gold spot price per troy ounce, which prices the metal alone, before any dealer premium or collector value.
Where does this price data come from?
Gold spot prices come from market data feeds that track the primary global exchanges, with an automatic fallback to a second feed. Prices update in real time during market hours, and each one is the latest available mid-market spot rate.
How is the gold spot price determined?
The gold spot price is derived from the most actively traded futures contracts on COMEX (CME Group) and the London Bullion Market Association (LBMA). The spot price represents the current market price for immediate delivery, calculated from near-month futures contracts adjusted for carry costs. During off-hours, prices reflect OTC (over-the-counter) trading across global markets, providing continuous 24-hour price discovery.
When are precious metals markets open?
COMEX futures trade Sunday through Friday, 6:00 PM to 5:00 PM ET (23 hours per day with a 1-hour break). The London Bullion Market (LBMA) operates Monday to Friday with two daily fixings: AM fix at 10:30 AM London time and PM fix at 3:00 PM London time. Outside of formal exchange hours, precious metals continue to trade on OTC markets globally, meaning prices can move 24 hours a day, 5 days a week.

Frequently Asked Questions

How much gold is in a $20 Liberty gold coin?
0.9675 troy ounces of pure gold (30.093 grams). The coin weighs 33.436 grams at 90 percent gold, and that standard held for every date from 1850 to 1907.
What is a 1904 $20 Liberty gold coin worth?
The 1904 is the most common Liberty double eagle, so typical examples trade near melt: about $4,004.06 in gold at today's $4,138.56 spot price, plus a modest dealer premium. Mint state coins bring more.
How do I tell Type 1, 2 and 3 Liberty double eagles apart?
Look at the reverse. Type 1 (1850 to 1866) has no motto and reads TWENTY D. Type 2 (1866 to 1876) adds IN GOD WE TRUST and still reads TWENTY D. Type 3 (1877 to 1907) spells out TWENTY DOLLARS.
Where is the mint mark on a Liberty double eagle?
On the reverse, below the eagle. No mint mark means Philadelphia. CC is Carson City, D is Denver (1906 and 1907 only), O is New Orleans and S is San Francisco.
Why was the double eagle created?
The California Gold Rush sent large amounts of gold to the Mint and made a larger gold coin practical. Congress authorized the double eagle and the gold dollar in the same act of March 3, 1849, and regular production of the $20 began in 1850.