The denomination was created as a means of exhausting an overage in gold supply due to the 1849 California Gold Rush. They were never intended for general use in commerce as the amount easily equated to a month's wage during the time of issue - making them impractical to carry as a coin.NGC encapsulation offers protection and guarantees the MS-64 condition of the coin. This example displays outstanding eye appeal and premium quality for the grade. A better date San Francisco Mint date rarely seen in high grade like this. Obverse: Depicts Liberty striding forward holding a torch and an olive branch with the U. Capitol building in the backdrop. Reverse: Features an eagle in flight against the sun in the background. Beautiful true orange gold color and rare in this high grade condition. This item is in the category "Coins & Paper Money\Coins: US\Gold (Pre-1933)\$20, Double Eagle". The seller is "capstonecoins" and is located in this country: US. This item can be shipped to United States, Canada.