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SERIES: Liberty Head $20 1850-1907
LEVEL: Year, MintMark, & Major Variety

1877-S $20 (Regular Strike)

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PCGS MS65

PCGS MS65

PCGS MS65
PCGS #:
8984
Diameter:
34.00 millimeters
Designer:
James Barton Longacre
Weight:
33.40 grams
Edge:
Reeded
Mintage:
1,735,000
Metal Content:
90% Gold, 10% Copper
Auction Record:
$29,900 • NGC MS65 • 1-1-2009 • Stack's
Go To Grade
  • 15
  • 20
  • 25
  • 30
  • 35
  • 40
  • 45
  • 45+
  • 50
  • 50+
  • 53
  • 53+
  • 55
  • 55+
  • 58
  • 58+
  • 60
  • 61
  • 62
  • 62+
  • 63
  • 63+
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  • 65
15
1
20
1,400
3
25
1,405
2
30
1,410
10
35
1,410
11
45+
1,430
50+
1,485
1
53+
1,525
55+
1,585
1
58+
1,680
2
63+
19,500
64+
29,000
65
40,000
3
Rarity and Survival Estimates (Explain)
Grades Survival
Estimate 
Numismatic
Rarity 
Relative Rarity
By Type 
Relative Rarity
By Series 
All Grades 8,500 R-3.3 35 / 73 107 / 148 TIE
60 or Better 1,550 R-4.7 34 / 73 TIE 102 / 148 TIE
65 or Better 2 R-9.9 1 / 73 TIE 2 / 148 TIE
Condition Census (Explain) Show more rows
Pos Grade Thumbnail Pedigree and History
1 MS65 PCGS grade
2 MS65 PCGS grade  
3 MS64 PCGS grade  
3 MS64 PCGS grade  
3 MS64 PCGS grade  
Condition Census (Explain) Show fewer rows
Pos Grade Thumbnail Pedigree and History
1 MS65 PCGS grade
2 MS65 PCGS grade  
3 MS64 PCGS grade  
3 MS64 PCGS grade  
3 MS64 PCGS grade  
3 MS64 PCGS grade  
3 MS64 PCGS grade  
3 MS64 estimated grade  
9 MS63 PCGS grade  
9 MS63 PCGS grade  

Ron Guth: The Saddle Ridge Hoard of gold coins, discovered in northern California in 2013, boosted the population of 1877-S 20s by thirty-four examples, one of which was tied for Finest Known at PCGS MS65.  Three others tied for Second Finest honors at PCGS MS64.

In 2009, Brian Koller, a cataloguer for Heritage Numismatic Auctions, reported an 1877-S $20 with a repunched final A in AMERICA (the underlying A leans to the right).  Because dies from this period were created using hubs, where all of the design details and letterings derive from a master galvano, an anomaly such as a widely repunched letter is inexplicable.  Theories include: 1) the doubling existed on the galvano; 2) dies created from the galvano had repunched A's that were corrected in the dies or resultant hubs (hence the reason thjey haven't been seen before): and 3) a corrected galvano was made and all the old dies were discarded except one or two.  Koller considers the first scenario to be the most likely.

Sources and/or recommended reading:
"1877-S Double Eagle Shows Repunched Letter On Reverse" by William T. Gibbs, COIN WORLD, July 13, 2009, p. 82.


David Akers (1975/88): The high mintage and "common date" status accorded the 1877-S would naturally lead most people to believe that this date is easily obtained in any grade desired. However, although the 1877-S cannot really be called a rare date, it is also far from common, especially in uncirculated condition. Most known specimens grade from VF to AU. In choice or gem mint state, the 1877-S is rare and almost never available. Overall, this date is much more rare than the 1876-S and is comparable to the 1875-S, 1883-S, 1884-S and 1902-S although it is more rare than any of those dates in mint state.