United States $20 Liberty MS63 gold coins are an ideal gold investment for those seeking exposure to both the gold price itself, as well as additional upside potential through the possibility of premium expansion. Given that the $20 Liberties (1851-1907) were minted before the $20 Saint Gaudens gold coins (1907-1932), they are typically scarcer, and therefore more expensive, in higher conditional grades than $20 St. Gaudens. To point, price performance in the $20 Liberty MS63 is most closely mirrored by the MS64 St. Gaudens, though the $20 Liberty MS63 is traditionally valued slightly higher due to a lower population. According to PCGS (Professional Coin Grading Company), about 130,000 $20 Liberty gold coins exist in MS63. By comparison, MS64 $20 St. Gaudens have a known population of 245,136 coins.
The following graph displays a twenty year price performance history for the $20 Liberty MS63 gold coins, along with the gold price.

$20 Liberty MS63, like all graded $20 gold pieces, saw cycle lows in terms of their premiums to underlying gold value in 2019. Their highest rarity levels were achieved during past periods of elevated gold demand, like Y2K and the 2008/9 Financial Crisis. The graph below shows the twenty-year premium performance for the $20 Liberty MS63 relative to its underlying gold content value. The premium as listed on the y (vertical)-axis should be read as a multiplier of the spot gold price. In other words, a coin premium of 2.00 is equal to double the spot gold price. Cycle lows have shown premiums as low as 1.20 (20%) over spot gold, while recent highs in 2009 saw premiums at 2.75x gold. Due to broad increases in physical gold demand over the past year, premiums on the MS63 $20 Liberties have once again turned upward.

Learn More:
Investing in $20 Liberty Gold Coins: Building Date Runs
Pre-1933 US Gold Coins Investment Guide: $10 & $20 Liberty Complete Analysis
Pre-1900 $20 Liberty Gold Coins: Scarce MS63 $20 Liberty Offered at Common Date Premiums
Historic Low Premiums Make Pre-1933 Gold Coins a Smart Investment
Outshining the S&P 500: Why Pre-1933 Gold Coins Could Boost Your Return
USAGOLD Top 25 Curated Numismatic Coins Collection 2025
MS63
1850-1907
.9675 troy ounce
United States
$4,614.13
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MS62
1850-1907
.9675 troy ounce
United States

MS64
1850-1907
.9675 troy ounce
United States

AU, UNC
1850-1907
.9675 troy ounce
United States