WHY COLLECT AND INVEST IN Type 3 CARSON CITY GOLD $20 DOUBLE EAGLES
- Ed Walsh
- May 14, 2024
- 4 min read
Updated: Jan 22
The Type 3 Carson City gold $20 double eagle holds a unique allure worldwide in rare coin collecting and investing and you should be a part of it, and here is why.
These coins weigh almost a full ounce of gold, but their true value stems from their significant "numismatic value."
This value is derived from their historical importance, scarcity, rarity, and fixed supply, making them a valuable tangible hard asset for storing, preserving, and growing wealth.
TOP 5 REASONS WHY YOU SHOULD COLLECT AND INVEST IN TYPE 3 CARSON CITY GOLD $20 DOUBLE EAGLES
1. Historical Significance
Type 3 Carson City gold $20 double eagles were minted from 1877 to 1893 with the exception of 1880, 1881, 1886, and 1887, and 1888, when their production was halted.
For its proud owner, the challenge of completing a set of 12 coins of the Type 3, with Motto, $20 Carson City Mint subset is a significant achievement.
The Type 3 $20 Double Eagle is noticeably different than the Type I and II designs.
On the reverse side of the Type 3 coin (tails) the word "Dollars" was added in 1877, replacing the "D" in Twenty D.
Whereas the Type 1 had No Motto, "In God We Trust," and with the Type 2, the U.S. Mint added the Motto and "Twenty D"on the reverse side of the coin.
Representing the Gold Rush era, these coins symbolize the American frontier, which is considered one of the most legendary and historic periods in American history the "Wild West."
These gold coins were the target of Jesse James and his gang's notorious bank robberies during a period characterized by mining boomtowns, rowdy saloons, gunslingers, and outlaws.
2. Design and Symbolism
In 1849, the Liberty Head Double Eagle, also referred to as the "Coronet" Double Eagle, was designed by James B. Longacre, who served as the Chief Engraver of the U.S. Mint.
The detailed design of these double eagles, featuring Lady Liberty on the front and the iconic eagle on the back, showcases the artistic brilliance of that era.
The Carson City mint mark, "CC," proudly identifies their origin and adds a distinctive touch to these coins, making them highly coveted among collectors and investors worldwide.
3. Rarity
One of the primary factors that drives the value of Type 3 Carson City gold $20 double eagles is their scarcity.
The limited number of minted coins and the mass melting they experienced have made these $20 double eagles a rare find, especially in higher certified Uncirculated Mint State grades.
This scarcity increases their appeal and contributes significantly to their investment potential.
There is no such thing as a "common" Carson City Gold Double Eagle.
4. Collector's Market
The market and collector demand for Type 3 Carson City gold $20 double eagles have steadily increased over the past few decades.
Collectors seek these coins not only for their intrinsic value but also for their historical significance, rarity. and investment potential.
Rarity and condition are crucial, making them a fascinating addition to any rare coin collection.
5. Investment Potential
Beyond their allure to collectors, Type 3 Carson City gold $20 double eagles also present an intriguing opportunity for investors.
They of the benefits of confidentiality and privacy, historical significance, rarity, fixed supply, valuable versatile hard assets. and the storage and preservation of wealth.
Savvy Investors keen on diversifying their traditional investment portfolios ie; stocks, bonds, and real estate, recognize the potential for long-term appreciation and the value of these rare numismatic treasures.
Type 3 Carson City Double Eagles Conclusion
Type 3 Carson City gold $20 double eagles stand as more than just coins, they represent a connection to one of America's most legendary eras, the "Wild West" and a potential investment windfall in the future.
As collectors and investors continue to appreciate the historical value and significant investment potential of these rare treasures and new collectors and investors enter the rare coin market at an alarming rate, the allure of Carson City gold will remain strong in the world of rare coin collecting and investing.
Minuteman Rare Coin
We invite you to join our rare coin collectors and investors community and begin assembling the most historically significant and valuable $20 Carson City Type 3 Double Eagle collection that you will cherish for life!
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Warm regards,
Edward Walsh, President
Minuteman Rare Coin Company
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