Collecting coins: Double Eagles – Discover This Before You Collect Them ?

There are almost thousands of coin collectors all around the world. Many coin collectors and their works have been featured in movies and books like Dear John. There are coin collectors that used this as being a means of profit while some collects coins for past time and enjoyment.

Rare coins are one of the targets for avid coin collectors. mintage is among the terms being used by coin collectors. Mintage is the quantity or number of coins being produced in that particular time or era. This is one of the important terms that coin collectors should note since this will greatly affect the price of that particular coin.

Double Eagles is among the coins that avid coin collectors are looking for. A double eagle is really a coin that is made from 90% gold with 10% copper alloy produced in the United States. This double eagles coin was minted on 1949. That particular year, they produced two coins to present to the Smithsonian Institution in Washington DC and the second coin was presented to the Secretary Of Treasury who’s William Meredith.

The production of the coin began in 1850 and stopped in 1933. Before 1850, $10 eagles were the largest denomination in US coins. The new coin was named since it contains $20 denomination and twice the denomination of an eagle thus the name of double eagle. The purchasing power of this double eagle coin can be matched against a $530 bucks today.

You can see the intricate design in these coins and that is the result of the collaboration between the famous sculpture who is Augustus Saint-Gaudens and former President Theodore Roosevelt. The president didn’t like the look on the coins when he was still in the office. The president wanted all of the coins to be objects of beauty and expressions of national pride and identity. That is why he asked the famous sculpture to redesign the coins. The design of the fresh double eagle depicts the Statue of Liberty walking forward with a lit torch and an olive branch in her left hand. You can also notice rays of the sun at the background of the coin with the Capitol state building too. This is among the dramatic changes that are found in the Liberty double eagle. Just flip the coin to reveal a stunning eagle at its voyage with sun rays and a motto “In God We Trust”.