Conditionally Rare Gold Coin Is One Of the Top 3% Of Survivors
With published price guides listing this coin at around $30,000 or so, this 1867-S $20 graded PCGS MS62 should be in demand when it comes up for bid.
The US Coins Signature Auction has been moved to Dallas on June 4-7 due to the cancellation of the Long Beach Expo
Some pieces are highly sought after by collectors because they are rare overall, with few in existence. However, there are so-called "condition rarities" that are exciting because their condition is so far above what is normal for a particular coin. The 1867-S $20 Liberty is a good example, and an especially high-grade example will be on offer at the US Coins Signature Auction, which has been moved from Long Beach to Heritage Auctions’ global headquarters in Dallas, June 4-7 due to the cancellation of the Long Beach Expo.
About 97% of the roughly 2,227 1867-S double eagles certified at PCGS and NGC combined survive in various circulated grades with some degree of wear and use in circulation. Merely 3% remain in Mint State, and of those, Heritage will be offering a PCGS MS62 representative ranks among the finest certified at PCGS. A single MS63 at NGC is the only example of this mass-produced double eagle issue graded finer. That makes this rare gold coin one of the top 3% of survivors and makes it a key candidate for the Registry Set collector.
With published price guides listing this coin at around $30,000 or so, it should be in demand when it comes up for bid [link to auction lot].
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Source: Heritage Auctions
Heritage Auctions is the largest collectibles auctioneer and third largest auction house in the world, as well as the largest auction house founded in the U.S. We are also the undisputed Internet leader in our field, with more than 1 million online bidder-members registered on HA.com.
