David Akers (1975/88): In every U.S. gold series there are issues that are underrated with respect to other dates in the series as well as issues that are generally unappreciated for their true rarity. The 1877-S is one that qualifies on both counts, much as the 1845 and 1846 do among P-Mint issues and the 1867-S does. In overall rarity the 1877-S is just as rare as the much lower mintage 1876-S and is also on par with the 1855-S and 1861-S. It is only a little less rare than the very rare S-Mint issues from 1866 to 1874 and is their equal in terms of condition rarity. No uncirculated 1877-S has ever been reported.