What is the value of an 1853 US 20 dollar gold piece?

Updated

Look on the back of the coin to see if there's a small mint mark letter below the eagle. It may be blank or there may be an O.

Numismedia lists the following approximate retail values as of 03/2011:

No mint mark (Philadelphia):

Very worn condition - $1,730

Moderately worn - $1,800

Slightly worn - $1,960

Almost no wear - $2,388

Uncirculated - $5,340 to $56,030 depending on quality

No mint mark, "2" underneath "3" in the date

Very worn - $1,740

Moderately worn - $1,770

Slightly worn - $1,970

Almost no wear - $8,152

Uncirculated - $39,690 to $68,850

"O" mint mark (New Orleans):

Very worn - $1,730

Moderately worn - $1,800

Slightly worn - $2,060

Almost no wear - $11,336

Uncirculated - $31,880 to $53,330

DISCLAIMER: The retail values quoted are the best available as of the date shown, but may vary significantly due to changes in the precious metals market. Also the wholesale (buying) price of a coin will be less than the selling (retail) price. A reputable coin dealer will be able to give a more accurate valuation based on inspection of the coin.

Answer

As with any collectible, a primary consideration in determining its value is its condition (or grade). Novice collectors, with some practice, can become quite accurate in determining grades for circulated coins (G-4 through AU-50). It becomes much more difficult when assigning grades for Uncirculated coins (MS-60 through MS-70) or Proof coins (PF-60 through PF-70) and the assistance of an experienced coin collector or trusted coin dealer should be sought.

There are many Internet and printed resources in helping determine the appropriate grade for a coin. Whichever resource you choose to use, ensure that they follow the grading guidelines established by the American Numismatic Association. The following is a value range for the coin in question and is taken from the Numismatic News Coin Market Montly Price Guide for December 2006:

G4- N/A VG8- N/A F12- N/A VF20- $850.00 XF40- $875.00 AU50- $1000.00 MS60- $5000.00

Remember, when dealing with Gold and Silver, your coin always has a "Bullion Value". Bullion value is how much your coin is worth considering ONLY the precious metal content. To determine the Bullion value, use the following:

Current spot price of Gold = $619.00 * .9675 (actual gold weight in coin) = $598.88

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