History, Information, and Value of 1869 Gold Liberty Double Eagle
Value of 1869 $20 Double Eagle
This is a well-produced issue that displays above average eye appeal for a Type 2 Liberty Head double eagle. The strike is usually sharp, seldom less than bold, and high grade pieces tend to show pleasing luster and a satin to softly frosted texture. The surfaces can be noticeably abraded, as should be expected for the type, but persistence on the part of the buyer will be rewarded with a relatively smooth example. The 1869 double eagle is one of the scarcer and more underrated Type 2 Liberty Head double eagles from the 1860s. While generally obtainable in grades such as VF and EF, this issue is scarce in AU with most such examples grading AU-50 or AU-53. Attractive, minimally abraded survivors in AU-55 and AU-58 are very scarce, while in Mint State the 1869 is highly elusive and seldom encountered. Interestingly, a small number of Choice and Gem examples are known, including an outstanding MS-65 listed by PCGS that ranks as the finest certified. All Proof Type 2 Liberty Head double eagles are exceedingly rare, and the 1869 is no exception. Fewer than 15 coins are believed extant.