1877 Liberty Head Double Eagle. MS-61 (PCGS). Both sides of this lovely piece are bathed in a blend of frosty mint luster and vivid rose-gold patina. Fully struck and sure to please. The Philadelphia Mints output of double eagles in 1877 amounted to 397,650 circulation strikes, down considerably from the previous year. Face value was $7,953,000. Portions of this mintage were used in overseas banking transactions, mostly shipped starting in 1879. We estimate a Mint State population for the issue of 500 to 800 or so pieces, most of which grade MS-60 or MS-61. Given that prior to World War II most double eagle collections contained a circulated example of the date, the opportunity to acquire this intensely lustrous Brilliant Uncirculated coin deserves serious consideration. From the Fairmont Collection.
