Coin Specifications

Category: Liberty Head $20 (1850-1907)
Mint: Philadelphia
Mintage: 50
Catalog: KM-74.2
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Gold
Fineness: 0.9000
Weight: 33.4360g
AGW: 0.9675oz
Melt Value: $1257.36 (7/30/2014)
Diameter: 34mm
Edge: Reeded
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1867 $20 PF obverse 1867 $20 PF reverse


Images courtesy of Heritage Auctions (HA.com)
  
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Description & Analysis

In the years following the Civil War coin collecting in the United States was a small but growing pastime that was almost exclusively limited to a small network of dealers and collectors in the Northeast. Collectors in 1867 were most likely to be pursuing early coppers such as Colonials, half cents, or large cents. Indeed, only a handful of these fledgling numismatists were inclined to purchase and had the financial means to acquire annual proof sets that extended beyond the current minor coinage. The few sets of proof gold coinage that were obtained from the Mint during this time period were often broken up and sold individually in the following decades, or during downturns in the economy were used as circulating medium when their owner could no longer afford to hold aside the large face value that gold coins represented. Today, many of these pieces are virtually indistinguishable from their circulation counterparts. In fact, debate over whether a circulated Philadelphia gold coin is a business strike or a proof is a fairly regular occurrence in these offices.

Only 50 proof double eagles were produced in 1867, half of which were delivered on March 5 and the other 25 pieces on July 2. The number of survivors is believed to number no more than a dozen coins. Akers suggests that many of the 50 pieces struck went unsold at year's end and were subsequently melted. As with all other double eagles of this period, 1867 proof twenties are exceedingly rare, and the splendid preservation of this specimen along with its impeccable pedigree place it in a category all its own.

Description and Analysis courtesy of Heritage Auctions and may not be republished without written permission.


GRADE SUMMARY

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Price Guide

Last Updated: 5/28/2014

Click on a price to see historical prices, comparison charts and trends.

1867 $20 PF
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 27000 32000 41500 60000 145000 260000 - - - - -
1867 $20 PF Cameo
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - - 40000 - - - 300000 - - - - -
$ - - - - - - - - - - - - - -
1867 $20 PF Ultra Cameo
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - - - - - 180000 325000 - - - - -
$ - - - - - - - - - - 350000 - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 3
Low Grade: 64
Average Grade: 64
High Grade: 66


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
8/7/2000 NGC PF 65   Heritage Auctions Philadelphia 2000 #232, 232/Lot# 7574 $86,250.00
6/3/2004 NGC PF 65   Cameo Heritage Auctions 2004 June Long Beach Signature Sale #349, 349/Lot# 6373 $195,500.00
1/5/2011 NGC PF 65   Cameo Heritage Auctions 2011 January Tampa FUN Signature & Platinum Night US Coin Auction Session(3), 1151/Lot# 5280 $276,000.00


NGC Registry

NGC Registry Score 1867 $20 PF
 PrAgGVGFVF4045505355586061626364656667686970
Base1111111131493984488853676400743182001057113281146191582621965280231
1111111105034274285504757116743768789901147413727150211787223984280230
000000110503427428550475711674376878990114741372715021178722398400
000000120993705458652076055708779439780123771417315423199182600300
1867 $20 PF Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base111111113639456555636089682079608601108411448515603203912602411
111111112133947489757386332720081739347120551485717199222682602410
000000112133947489757386332720081739347120551485717199222682602400
0000001242642565230591365767580838710094132701523018795241462602400
1867 $20 PF Ultra Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base1111111135154419539359086809190461152915488166511111
1111111117238164743556462086809301698731284815875166511110
0000001117238164743556462086809301698731284815875166511100
00000012343411750685736650868096031107011416816263166511100
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