Coin Specifications

Category: Liberty Head $20 (1850-1907)
Mint: Philadelphia
Mintage: 158
Catalog: KM-74.3
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Gold
Fineness: 0.9000
Weight: 33.4360g
AGW: 0.9675oz
Melt Value: $1105.95 (9/1/2015)
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1903 $20 PF obverse 1903 $20 PF reverse

Images courtesy of Heritage Auctions (
Expand All    Collapse All


There are no NGC varieties for this coin.

Description & Analysis

Although the mintage of proof 1903 double eagles is given as 158 coins--the highest of the Liberty Head series--this is a case where original mintage figures are meaningless. Most of those original proofs have long since disappeared. To survive to the present day, a proof 1903 Liberty twenty had to endure the Panic of 1907, World War I, the 1929 Stock Market Crash, the Great Depression, the Gold Recall of 1933--and any number of the unknown personal catastrophes that befall collectors from time to time. In addition, it had to be carefully stored, to prevent the value-destroying contact marks to which large proof gold coins are especially prone. (Some impaired proofs survive, including one graded PR50.) Estimates are that today, only 40 to 50 proof examples survive in all grades.

More important than estimating survivors is a comment that Garrett and Guth offer in their gold Encyclopedia concerning the 1903 proof twenty:

'In recent years the demand for examples of the [Liberty Head] type in Proof has increased dramatically. The supply will most likely never meet the demand for these large, impressive coins.'

There is a reason for that huge demand, beside the unceasing hot market for gold overall: The Liberty Head coins in proof format are the last of the nation's 'traditional' mirrored gold proof coinage, desirable and ultimately pleasing collector-grade examples of the largest gold denomination.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


Loading... Working...

Use the scroll bar at the bottom of this box to view a summary of the NGC Price Guide, NGC Census, Auction Prices Realized and NGC Registry Scores for each grade.

There was no data found for this Coin.

Select Designation


Select Grade

*To view the Census details for this coin, please sign in or sign up.

Price Guide

Last Updated: 7/17/2015

Click on a price to see historical prices, comparison charts and trends.

1903 $20 PF
Base $ - - - - - 7250 8000 10500 - 17000 22500 33000 54000 104000 138000 - - - -
$ - - - - - - - - 75000 - - - -
1903 $20 PF Cameo
Base $ - - - - - - - - - - - 36000 72500 115000 - - - - -
$ - - - - - - - - - - - - -

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

NGC Price and Value Guides Disclaimer



Total Graded: 40
Low Grade: 53
Average Grade: 62
High Grade: 65

Upcoming Auctions

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
2/10/2008 NGC PF 64   Goldberg February 10-13, 2008 Pre-Long Beach Coin and Currency Auction, 44/Lot# 2594 $39,100.00
8/11/2011 PCGS PF 64   Heritage Auctions 2011 August Chicago Signature US Coin & Platinum Night Auction Session(5), 1158/Lot# 7673 $40,250.00
8/11/2011 PCGS PF 64   Cameo Heritage Auctions 2011 August Chicago Signature US Coin & Platinum Night Auction Session(5), 1158/Lot# 7674 $43,125.00
12/8/2011 PCGS Genuine Genuine   Heritage Auctions 2011 December 8-11 US Coins Signature Auction- New York Session(3), 1162/Lot# 4772 $7,478.45
1/29/2012 NGC PF 64   Goldberg January 29 - February 1, 2012 The Pre-Long Beach Auction, 67/Lot# 1919 $37,950.00
5/30/2012 NGC PF 64   Cameo Stack's Bowers The June 2012 Baltimore Auction, 137/Lot# 4432 $40,250.00
12/17/2013 NGC PF 65   Cameo Bonhams Coins and Medals Featuring the Robbins Collection of US Gold Coins, 21037/Lot# 1274 $105,300.00
3/27/2014 NGC PF 65   Cameo Stack's Bowers March 2014 Baltimore Auction, 6008/Lot# 4121 $63,450.00

NGC Registry

NGC Registry Score 1903 $20 PF
1903 $20 PF Cameo
1903 $20 PF Ultra Cameo
Registry Image Gallery

No Images Found

Related Articles

There are no related articles for this coin.

NGC Auction Central Disclaimer