1877-S $20 MS65

CERTIFICATION#: 13089463
PCGS#: 8984

Owner's Comments

Expert Comments

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.

Diameter: 34.00 millimeters Designer: James Barton Longacre Edge: Reeded
Mintage: 1,735,000 Weight: 33.40 grams Metal Content: 90% Gold, 10% Copper
15
1
20
1,450
3
25
1,455
1
30
1,460
9
35
1,470
11
45+
1,470
50+
1,540
1
53+
1,575
55+
1,655
1
58+
1,765
2
62+
6,500
4
63+
19,500
64+
29,000
2
65
40,000
2

Rarity and Survival Estimates

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

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