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1897-S $20 Liberty Head Double Eagle PCGS MS64+

SOLD
SKU
40109559

Gold specialist David Akers writes, "The 1897-S is one of the most common San Francisco Mint Double Eagles. It is comparable to the 1891-S and the 1907-S and more rare than the 1876-S, 1898-S, 1899-S, 1900-S, and 1904-S." However, since it is a more common specimen, it makes it a more affordable piece in the superior grade of MS64+! Even though PCGS has graded 12,281 of this issue, they have only graded 90 in MS64+, with just 18 finer (as of 2/2021). That makes it both a registry coin and a great type coin. This piece has a lot going for it: high grade, great strike, beautiful color and luster--plus it is from the ever popular San Francisco mint! This one is definitely a keeper, one that will provide years of endless pleasure.

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      We are happy to present for your consideration this perfect registry quality type coin. NGC Coin Explorer writes, "Out of an original mintage of over 1.4 million coins, many ended up in Europe. Plenty of those coins have made their way back to the U.S., but often in lower mint state grades. This coin is hard to find in MS64, and is extremely rare in gem." Considering it is graded MS64+, as close you can get to a gem without it being MS65, it is a relatively affordable registry coin.

      The creation of the double eagle design and coin saw conflict reach a fever pitch within the U.S. Mint--between chief coiner Franklin Peale and mint director Robert Patterson on one side, and chief engraver James B. Longacre on the other. Patterson despised the senator who influenced Longacre's appointment, while Peale was running an illicit private business making medals for private clients--on the mint's dime with their equipment--with the mint director's unspoken approval. Peale had possession of the Contamin portrait lathe, which was needed to reduce models of designs of medals and coins to reductions from which working dies could be made. Peale did not want to share the lathe, which was a problem when the new double eagle was being created. Obstacle after obstacle was thrown in Longacre's path as he worked on the coin. Harassment was a constant companion for the skilled engraver, from both Patterson and Peale. It was the result of corruption by and friendship between the two mint officers. No help with engraving work, broken galvanos, broken dies, rejected dies--on more than one occasion--and a false claim of being relieved from his position--were what Longacre had to face regularly. Finally he went to the Treasury Secretary in Washington, who discovered all the lies told about Longacre and his work from the Mint officials; that meeting saved his job as chief engraver.

More Information
PCGS # 9032
Grading Service PCGS
Year of Issue 1897
Grade MS64+
Denom Type Liberty Head $20
Numeric Denomination $20
Mint Location San Francisco
Designation NONE
Circ/UnCirc Uncirculated
Strike Type Business
Grade Add On NONE
Holder Type N/A

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