1867-S Liberty Head Double Eagle. AU-58 (NGC). CAC. Frosty surfaces are near-fully lustrous with wonderfully original honey-rose color throughout. Mint records indicate that 920,750 double eagles were produced at the San Francisco facility during 1867, amounting to $18,415,000 in face value. As is typical of double eagles produced at this mint, they were heavily used in day-to-day transactions on the Pacific Coast, something completely opposite to the situation that prevailed in the eastern half of the United States at that time, where precious metal coins were extensively hoarded and most transactions were conducted using paper money. Q. David Bowers estimated a circulated population of 4,000 to 6,000 examples when he wrote his 2004 <em>Guide Book to Double Eagles</em> published by Whitman. With most of those coins confined to lower grades through EF, this original premium quality Choice AU represents a fleeting bidding opportunity for the astute gold collector.
