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The 1854 Double Eagle featuring the Liberty Head design is a U.S. $20 gold coin minted in the early years of the Double Eagle series. The NGC AU-53 grade means the coin is in About Uncirculated condition, showing light wear on the high points but still retaining much of its original detail and luster. In AU-53, the coin exhibits minimal wear, and while it may have some slight abrasions, the design remains quite sharp. The Eureka Hoard adds a layer of historical significance to this coin, as it refers to a cache of 1854 Double Eagles discovered under extraordinary circumstances, making these coins especially desirable to collectors.
The Liberty Head design, created by Christian Gobrecht, was used on U.S. gold coins from 1849 to 1907. The 1854 Double Eagle is notable as one of the early issues of the $20 gold coin, and coins from this year are sought after due to their historical context and rarity.
The Eureka Hoard is significant because it contained a large number of 1854 Double Eagles that were buried or hidden for many years before being discovered, making them an exciting find for numismatists. The NGC certification ensures that the coin is authentic and of the quality represented by the AU-53 grade, making it a valuable addition to any collection of U.S. gold coins.