The 1887 Liberty Head $20 Gold Coins are quite scarce today, as less than 284,000 were originally made and many have since been melted. Only the San Francisco mint, handled striking of $20 gold double eagles in 1887. The San Francisco mint was situated in the heart of the Gold Rush region of California. Gold coins were mainly used in the West, though they did see some action along the eastern seaboard. The Philadelphia mint struck a very limited supply of proofs that year.
Bear in mind that the bulk of the coins minted in 1887 have since been melted, which means a coin that would have already been considered rare (if even all specimens survived) is actually much scarcer still. For that reason, these $20 gold coins should be regarded as considerably scarce. It’s wise to purchase these coins in slabs from highly reputable third-party coin grading firms.
The coin grading process is designed to ensure that coins are authentic and contain the right amount and mix of metals. The grading process is also used to make an accurate and fair determination of a coin’s overall condition. The process involves several steps, and a team of expert coin graders is used to manage these steps. These same coin graders, after gathering all necessary analysis, then assign a coin its final grade. While the process is quite subjective in nature, these expert numismatists also use a degree of experience and judgment when grading coins. You can get a good idea of how your coin may be graded by performing a close inspection of your coin’s surfaces and details.
Use the specifications below to determine how your Liberty Head $20 Gold Coin might be graded.
Uncirculated: Coins that are given a grade of uncirculated will look as if they are brand new. These coins will have crisp and clean details, lines and edges, and will appear as if they were just removed from the mint’s presses. All of the coin’s details, no matter how small, will be robust and clear. Many of these coins will have a nice, shiny luster and finish as well, although some may have a very slight difference in color due to age. You can use a magnifying glass to closely examine details on your coin while checking for any wear or erosion.
Extremely Fine: A coin that is graded to be extremely fine is in slightly inferior condition to a coin with a grade of uncirculated. Coins in this condition may have very minor imperfections or blemishes on the surfaces or details. The coin’s texture may also feel smoother to the touch, as years of exchanging hands have taken a toll on the coin’s surface.
Fine: A step below extremely fine, coins in fine condition have all of their images and text intact, but also have very easy-to-see signs of age and wear. Coins in this condition may have considerable erosion on their surfaces, and their overall appearance may be dull.
Good: Another step lower on the grading scale, coins in good condition will often have significant damage to details and surfaces. In addition, the coin’s edges may be worn or deformed. Sometimes, the damage is severe enough that you cannot identify the coin or its details without the use of a magnifying glass or other visual aid. Even though these coins are often not in great shape, they may still be quite valuable if they are difficult to obtain or are historically significant.
When it comes to determining a price for the Liberty Head $20 Gold Coin, condition means everything to collectors. Below is a chart aimed at giving you a better idea of what you can expect to pay for a 1887 Liberty Head $20 Gold Coin given its condition.
Liberty Head $20 Gold Coin
|1887 Liberty Head $20 Gold Coin (S)||N/A||N/A||$1,500||$1,575||Source: Red Book|