Liberty Head Gold Double Eagles were minted from 1849 to 1907, designed by James B. Longacre, and contain .9675 of an ounce of pure gold. In 1858, the San Francisco Mint struck 846,710 Liberty Head Gold Double Eagles. This 1858-S Liberty Head Double Eagle comes from the Type 1 variety, which was minted from only 1849 to 1866. This Type 1 variety is notorious for being difficult to acquire in high grades. Today, we have these rare Type 1 1858-S Liberty Head Gold Double Eagles available in Extremely Fine 45. Out of all 1858-S Double Eagles, only 463 have been graded XF45!
With the discovery of vast quantities of gold in California during 1849, Americans from all over the country packed up their belongings and began the over 2,000 mile journey westward in hopes of supporting their families. As a result of the large amounts of gold brought into the American economy by the California Gold Rush of 1849, the first coin of the Double Eagle twenty dollar series was struck.
These rare gold coins became even rarer when President Franklin Delano Roosevelt signed Executive Order 6102 in 1933. This executive order was meant to help boost the declining American economy by recalling public gold and melting it back down. Due to the large amount of gold that was seized from the public at this time, coins like the 1858-S Liberty Head Gold Double Eagle became even more limited than they already were. Acquire your very own 1858-S Liberty Head Gold Double Eagle in XF45 condition for only $2,795!