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Inventory:
1 In Stock
- Product ID: 53430
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| Metal/Chg | Bid | Ask |
|---|---|---|
| Updated: 11/22/24 06:42:01 | ||
Gold
 39.93
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$2,709.19 | $2,722.08 |
The Certified 1878-S $20 Gold Liberty, graded MS60 by PCGS, is a remarkable representation of the iconic Double Eagle, a coin that played a crucial role in U.S. economic history. The $20 Gold Liberty series was first introduced in 1849 in response to the influx of gold from the California Gold Rush. The Double Eagle, as it was commonly called, became a vital coin for large transactions and international trade due to its substantial gold content. The 1878-S issue was minted at the San Francisco Mint during the height of gold production in California, making it a coin of historical significance. In MS60 condition, this coin remains in mint state, though it may exhibit some contact marks and wear consistent with the grade.
The obverse of the 1878-S $20 Gold Liberty features the classic portrait of Lady Liberty, designed by James B. Longacre, who also designed other key U.S. coins, such as the Indian Head Cent. Lady Liberty is depicted wearing a coronet inscribed with the word "LIBERTY," and her hair is elegantly tied back with flowing curls framing her face. Surrounding Liberty are thirteen stars, representing the original thirteen colonies, and the date "1878" is inscribed at the bottom of the coin. In MS60 condition, the obverse retains much of its original luster, though some light abrasions and minor marks may be present due to the coin’s age and handling. Despite this, the central design elements remain clear and well-defined, making this a visually striking piece of American gold coinage.
The reverse of the 1878-S $20 Gold Liberty is equally iconic, showcasing a majestic heraldic eagle with outstretched wings. The eagle holds a shield on its breast, symbolizing defense, and clutches an olive branch and arrows in its talons, representing the nation's readiness for peace and war. Above the eagle is a halo of thirteen stars, with the national motto "IN GOD WE TRUST" prominently displayed. Surrounding the eagle are the inscriptions "UNITED STATES OF AMERICA" and "TWENTY DOLLARS." The reverse design is a powerful symbol of the strength and unity of the United States, and in MS60 condition, the coin exhibits sharp details in the eagle's feathers and the overall strike, though some light wear and marks are typical of this grade.
The 1878-S $20 Gold Liberty was minted at the San Francisco Mint, which was established in 1854 to process the vast quantities of gold being mined in California. The "S" mintmark, located on the reverse below the eagle's tail feathers, indicates its production at this historic facility. The San Francisco Mint was known for producing high-quality gold coinage, and the 1878-S issue is no exception. The mintage for the 1878-S $20 Gold Liberty was 1,739,000 coins, making it one of the more common dates in the series. However, finding examples in mint state condition, such as this MS60 specimen, is much rarer, as many of these coins were heavily circulated or melted down during periods of economic uncertainty.
The Double Eagle played an essential role in both domestic and international commerce during the late 19th century. Its large denomination and gold content (0.9675 troy ounces of gold) made it a valuable coin for settling large transactions, particularly in the booming mining towns of the American West. Additionally, the Double Eagle was often used in international trade, where its gold content made it a trusted and widely accepted form of currency. The $20 Gold Liberty series, including the 1878-S, is a favorite among collectors not only for its gold value but also for its historical significance as a key part of America's economic expansion during the Gilded Age.
The MS60 grade, assigned by PCGS (Professional Coin Grading Service), signifies that this coin is in mint state, meaning it has not been circulated but may show signs of handling or light contact marks. PCGS is one of the most respected third-party grading services in the numismatic world, known for its consistent and stringent grading standards. A coin graded MS60 will exhibit its original mint luster, though it may have some abrasions or surface marks that prevent it from achieving a higher grade. Despite these minor imperfections, the coin’s overall appearance and historical value make it a prized addition to any collection of U.S. gold coinage.
The Certified 1878-S $20 Gold Liberty in MS60 condition is a remarkable piece of American numismatic history. Its combination of a classic and enduring design, historical significance, and substantial gold content makes it highly sought after by collectors and investors alike. As one of the iconic Double Eagles struck during a period of rapid economic growth in the United States, this coin represents a tangible link to the past. Whether acquired for its gold value or its place in American history, this 1878-S $20 Gold Liberty Double Eagle is a significant and valuable addition to any collection.