$5 Gold Liberty Head (1839-1908) 0.24187 Troy Ounce Pure Gold $5 Gold Indian Head (1908-1929) 0.24187 Troy Ounce Pure Gold Pros: $5 Gold Pieces would be exempt from future gold confiscation based on their historic value. They would buy about $500 in goods and services in 1913 using the current dollar value.
Type 1 (1850-1866) America’s largest circulating gold coin was the double eagle or $20 gold piece. As gold poured in from California it became important to increase production of the larger United States Gold Coins. The authorizing statute for the $20 Liberty Head Gold Coin was passed by Congress on March 3, 1849. The Liberty Head