History, Information, and Value of 1862-S Gold Liberty Double Eagle
Value of 1862-S $20 Gold Coin
The 1862-S $20 double eagle is a challenging issue to obtain with good overall quality, as the obverse tends to exhibit a general softness to all elements and the luster can be grainy or rough in some cases. Examples of this San Francisco mint coin are readily available in circulated condition, with a particular concentration of pieces in Extremely Fine grades. AU examples were once considered very scarce before quantities were found on the shipwrecks of the SS Republic and the SS Brother Jonathan, contributing to about 500 coins in total at that grade level. Fewer coins were recovered in Mint State, however, and just 60-80 Uncirculated pieces remain.