Coin Specifications

Category: Liberty Head $20 (1850-1907)
Mint: Philadelphia
Mintage: 80,120
Obverse Designer: James B. Longacre
Reverse Designer: James B. Longacre
Composition: Gold
Fineness: 0.9000
Weight: 33.4400g
AGW: 0.9675oz
Melt Value: $1226.69 (5/28/2017)
Diameter: 34mm
Edge: Reeded
Link to this coin

1871 $20 MS obverse 1871 $20 MS reverse


  
Expand All    Collapse All

VarietyPlus®

There are no NGC varieties for this coin.

Description & Analysis

Gold coins did not circulate on the East Coast, Midwest, or South in 1871. This was because gold traded at a premium to Federal paper money, which could not be redeemed for specie. This had been the case since greenbacks were first introduced early in the Civil War, and it was not until 1878 that gold and paper money finally achieved parity. In the West, though, Federal paper money was often refused, and large payments were made in gold coin. This explains the high mintages of San Francisco double eagles relative to their Philadelphia Mint counterparts.

In 1871, gold mintages were even lower than usual. Production of gold dollars, quarter eagles, three dollar pieces, half eagles, and eagles ranged between 1,300 and 3,900 pieces. The 1871 Philadelphia double eagle mintage was only moderately higher at 80,120 pieces, likely struck for a trader to pay for imports, or simply to prevent the 30 proofs from becoming instant, prized rarities.

Despite the small mintage, there was no contemporary numismatic demand for double eagles, although gold dollars and three dollars did receive modest collector interest at the time. Most surviving 1871 twenties are in XF an AU grades. Examples with unbroken cartwheel luster and clean surfaces are great rarities.

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


GRADE SUMMARY

Loading... Working...

Use the scroll bar at the bottom of this box to view a summary of the NGC Price Guide, NGC Census, Auction Prices Realized and NGC Registry Scores for each grade.

There was no data found for this Coin.

Select Designation

 
NGC PRICE GUIDE
NGC CENSUS*
AUCTION PRICES REALIZED
NGC REGISTRY
SCORE

Select Grade

*To view the Census details for this coin, please sign in or sign up.

Price Guide

Last Updated: 11/23/2016

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

1871 $20 MS
  GVGFVFXF505355586061626364656667686970
Base $ 1525 1550 1650 1850 2250 3600 4300 5350 6900 11400 19000 29000 47500 78000 - - - - - -
$ - - - - - - - - 57500 - - - - -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 269
Low Grade: VF
Average Grade: 53
High Grade: 64


Upcoming Auctions

A random selection of NGC coins is shown below.

Images
Date
Grade
Auction House
Sale / Lot
6/11/2017 XF 45   Heritage Auctions 2017 June 8 - 11 Long Beach Expo US Coins Signature Auction - Long Beach Session(4), 1256/Lot# 5001
6/11/2017 AU 50   Heritage Auctions 2017 June 8 - 11 Long Beach Expo US Coins Signature Auction - Long Beach Session(4), 1256/Lot# 5002


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
4/27/1998 NGC XF 45   Teletrade Auction 1044, 1044/Lot# 2155 $606.63
12/4/2006 NGC XF 40   David Lawrence Rare Coins Internet Auction # 116, 121/Lot# 2356 $805.00
12/2/2010 NGC MS 61   Heritage Auctions 2010 December Houston Signature US Coin Auction Session(3), 1147/Lot# 4618 $14,950.00
10/17/2012 PCGS AU 55   Stack's Bowers The November 2012 Baltimore Auction - US and World Lots - Live and Internet Only Sessions, 144/Lot# 5662 $4,600.00
6/16/2013 PCGS AU 50   GreatCollections GreatCollections Coin Auctions 06/16/2013, 79/Lot# 118834 $2,706.00
9/25/2013 NGC Details AU Details  Goldberg September 22-25, 2013 September Pre Long Beach, 75/Lot# 2183 $2,300.00
8/12/2015 NGC Details AU Details  Heritage Auctions 2015 August 12 - 16 ANA US Coins Signature Auction - Chicago Session(6), 1223/Lot# 8367 $1,880.00


NGC Registry

Related Articles

There are no related articles for this coin.

NGC Auction Central Disclaimer