When the California gold rush began in 1848, the U.S. Mint had difficulty handling the significant influx of new gold being mined, and it was determined that a more substantial gold coin would be necessary to accommodate the increase. So, with the Act of March 3, 1849, Congress authorized the minting of the largest denomination of regular currency in U.S. history: the gold Double Eagle. Valued at$20, the Double Eagle contained .9675 ounces of pure gold and featured a Liberty Head designed by James Longacre on the obverse and a heraldic eagle design on the reverse. As the first year of production, no pieces were struck for circulation in 1849, but two pattern strikes are known to exist: one is held in the Smithsonian Institute, while the other's location is unknown. With such a limited number struck, the 1849 Double Eagle is a true rarity.
Details
Limitation:
unknown
Material:
Stamped metal watch
Finishing:
State-of-the-art IPG gold-plating
Movement:
Precision watch movement with sweeping second hand
Looking for gold and silver coins? Sign up for the American Mint newsletter and be the first to receive the latest deals on genuine U.S. currency and exclusive American Mint commemoratives.
California Residents: Do Not Sell My Personal Information
Pursuant to the California Consumer Privacy Act, California residents may request Do Not Sell My Personal Information.
If you are a California resident and do not want us to sell your personal information as explained in our Privacy Policy, please fill out and submit the form below.