US Gold Coins,Pre-1933 US Gold Coins
The US Mint was established in 1792 with the first coins being produced shortly after. From the time the US Mint was established until 1933, a number of different gold coins have been made. Featuring unique designs that are still popular with collectors and investors today, Pre-33 US Gold Coins are some of the most unique options available on the market. Learn more about this era of gold coinage below.
From 1795 to 1833 all US Gold coins contained 91.67% of gold content. The remaining 8.33% was made up of either a silver/ copper alloy mixture or all copper. An issue arose when merchants who were exporting US gold coins were melting them down for their precious metal value, outside the US. As such, from 1834-1836 US gold coins contained only 89.92% of gold content. Finally, in 1837 the US Mint standard was set as all US Gold coins would contain 90% gold content. This lasted until 1933.
A Pre-33 US Gold double eagle is a gold coin with a face value of $20 (USD). This coin was authorized by the Coinage Act of 1849 which officially named the eagle, half eagle, and quarter eagle, and ordered the creation of a double eagle.
The creation of this coin coincided with the California Gold Rush. In 1849, two proof coins were created. One was sent to the Smithsonian Institution with the other being presented to the Treasury Secretary, William H. Meredith.
From 1849-1933 the $20 Double Eagle had two main designs, the Liberty Head, and the Saint-Gaudens Walking Liberty.
Notably, the reverse went through multiple alterations from 1849 to 1907. From 1849-1866 there was no motto displayed. From 1866-1876 the motto “In God We Trust” was added. From 1877-1907 “Twenty D.” was changed to “Twenty Dollars.”
Like the Pre-33 $20 Liberty Double Eagle Gold Coin, the reverse has gone under multiple alterations. The design features an eagle in flight flying to the left. Rays from the sun are seen coming up from the bottom. For the first year these coins had no motto displayed but “In God We Trust” was added in 1908.
The eagle was a US Mint coin produced from 1795-1933. Originally, there were five base units of denominations for US coinage. The mil, cent, dime, dollar, and the eagle. The eagle was then used as the basis for other popular Pre-33 US Gold Coins such as the quarter eagle, half eagle, eagle, and double eagle.
The $10 US Eagle encapsulates several designs throughout its history. In total, three designs have been used on these coins.
The $5 US Half Eagle was a circulation coin produced from 1795 to 1929. Production was authorized under the Coinage Act of 1792. This act created the United States dollar, established the United States Mint, and regulated the coinage of the country.
Over the years this $5 US Half Eagle has gone through multiple design changes. The two most common and popular designs are the following:
Like the $5 US Half Eagle, the $2.50 US Quarter Eagle was a circulation coin struck from 1795 to 1929. Its name derives from the US Eagle Coin as its face value is a quarter of the $10 Eagle. It was authorized under the Coinage Act of 1792. The $2.50 US Quarter Eagle had several designs over the history of the coin program. However, the two most common and popular designs are the following:
At Provident Metals we also offer an array of certified Pre-33 US Gold Coins. These coins have been meticulously graded by either the Numismatic Guaranty Corporation or the Professional Coin Grading Service.
Each coin grading provider uses the Sheldon Scale of 1-70. However, each grade is prefaced with a strike type. These include the following:
Before making your purchase, take a moment to check the live gold spot price to see how these historic coins compare to current market value. Provident Metals has a wide selection of Pre-33 US Gold available to be purchased. For any questions about these coins, please don’t hesitate to give us a call at 1-800-313-3315. Our team is also available through email or our online chat feature.