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Intially the US currency was meant to be decimal based with five denominations - the Mil, the Cent, the Dime, the Dollar and the Eagle. The Mil, however, was never produced as a separate coin. There were to be 10 Mils to the Cent, 10 Cents to the Dime, 10 Dimes to the Dollar and 10 Dollars to the Eagle. Thus a 20 Dollar coin would be the equivalent of 2 Eagles - a "Double Eagle."

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Q: Why is 20 gold called the double eagle?
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Related questions

What are the four gold coins which the eagle appears on?

The obsolete gold coins that have an eagle on the reverse are: $20 Double Eagle-$10 Eagle-$5 Half Eagle-$2.5 Quarter Eagle. The American Eagle gold bullion coins also have "Eagle" reverses.


How much money is the gold double eagle penny?

"double eagle penny" is kind of an oxymoron. A double eagle coin has a face value of $20. However, a gold coin is probably worth considerably more than face value.


1924 Eagle 25.00 gold piece?

There's no such coin. At the time, an "eagle" was a $10 gold piece. There were $20 coins called double eagles, but never a $25 coin. Please check again and post a new question.


What does a 1990 double eagle gold coin look like?

No one knows because they don't exist. The term Double Eagle is only used for $20 gold coins and none are dated 1990.


Is there a seventy five dollar gold piece?

No. The largest denomination of gold coin the US ever minted was the $20 double eagle (eagle being the term for a $10 coin).


What is the name of the four gold coins in which the eagle appears on the reverse side?

If your asking for the types of gold coins with eagle reverses, there are more than four. The denominational "Names" of the major gold coins with eagles are: Double Eagle-$20/ Eagle-$10/ Half Eagle-$5/ Quarter Eagle-$2.50


What is the value of a 1925 twenty dollar gold eagle coin?

It's actually called a double eagle; an eagle is a $10 coin. Current values fluctuate with the price of gold, but have been in the vicinity of $1000 as of 09/2008. If your coin has an S mint mark it will be worth about 15 to 20% more.


What is the mintage of the 1926 20 dollar gold eagle?

The 1926 double eagle mintage is 816,750 for Philadelphia/ Denver 481,000/ San Francisco 2,041,500


What is the value of a 1924 US 20 dollar gold piece?

what is the value of a 1924 St. Gaudens Double Eagle gold coin


Was 20 gold piece minted in 1780?

No, the first US (Federal issue) gold coin was minted in 1795 and the double eagle ($20) wasn't minted until 1850.


What is the price for a double eagle gold coin?

An American "double eagle" coin is a $20 gold piece. The term "eagle" comes from an older set of denominations for US coins in addition to dollars and cents: the $10 denomination was called an eagle, and the $100 denomination (proposed but never minted) was to be called a "union". The main denominations of gold coins were the unusually-denominated $2.50, then $5, $10, and $20; so they were called quarter, half, one, and double eagles. The lower-denomination eagle coins were issued starting in 1795, but double eagles weren't minted until the middle of the 19th century. One or possibly 2 experimental pieces were made in 1849, and regular production started the next year. Double eagles were made until 1933 when gold coins were withdrawn. Only 10 or so 1933 double eagles are known to exist and they're among the most valuable American coins. There are pictures at the Related Link


What are the names of the gold coins in which the eagle appears on the reverse side?

They are called Gold Eagles and have a 10 dollar face value. Those with a 5 dollar face value are called "Half Eagles" and those with $2.50 face value are called "Quarter Eagles". Those with a face value of $20 are called "Double Eagles". The Gold Eagles were minted from 1795 to 1933 but not in all years and not in all denominations. Modern Gold Eagle bullion coins also have the Eagle reverse but are not intended for circulation.