The 1857 Liberty Head double eagles have value as numismatic coins. Keep reading to learn more about these gold coins.

1857 Liberty Head Double Eagle

Specifications

Type: Liberty Head Double Eagle
Year: 1857
Face Value: $20.00
Composition: 90% gold, 10% copper
Gold Weight: .9675 oz.
Total Weight: 33.436 grams
Current Gold Bullion Value: $2,258.30

The US minted the 1857 Liberty Head double eagle with no mint mark and also the 1857 O Liberty Head double eagle and 1857 S Liberty Head double eagle. The mint mark, when present, can be found on the reverse side of the coin below the eagle.

Series Location Quantity Minted
1857 Philadelphia 439,375
1857 O New Orleans 30,000
1857 S San Francisco 970,500

Value

This coin in circulated condition is worth at least its weight in gold. The gold melt value for this coin is $2,258.30. This melt value is calculated from the current gold spot price of $2,334.16 per ounce.

The 1857 Liberty Head double eagle with no mint mark is worth around $2,300 in very fine condition. In extremely fine condition the value is around $2,400. In uncirculated condition the price is around $5,500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $45,000.

The 1857 O Liberty Head double eagle is worth around $6,500 in very fine condition. In extremely fine condition the value is around $10,000. In uncirculated condition the price is around $95,000 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $275,000.

The 1857 S Liberty Head double eagle is worth around $2,350 in very fine condition. In extremely fine condition the value is around $2,400. In uncirculated condition the price is around $3,750 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $7,500.

Grading System

Very fine- The word "LIBERTY" inscribed on Liberty's crown is bold. The rounded prongs on the crown are well-defined. Liberty's hair is worn around the ear.

Extremely fine- The rounded prongs on the crown show traces of wear. Liberty's hair curls show traces of wear. Minor bag marks are present.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 63 choice uncirculated- In the major focal areas there are some blemishes or contact marks. The coin's luster might not be as prominent.

 

Sources:

The Red Book