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The 1896-P Double Eagle, featuring the Liberty Head design, is a U.S. $20 gold coin minted at the Philadelphia Mint, as denoted by the "P" mintmark. The PCGS MS-61 grade indicates the coin is in Mint State condition, meaning it has never been circulated and retains much of its original luster. However, in MS-61, the coin will show some minor imperfections such as light contact marks, hairlines, or abrasions that are typically visible under magnification. These marks prevent the coin from achieving a higher grade like MS-62 or higher.
The Liberty Head design, created by Christian Gobrecht, was used on U.S. gold coins from the late 1800s to early 1900s. The 1896-P Double Eagle is considered desirable due to its relatively lower mintage from the Philadelphia Mint compared to other mint marks like San Francisco or New Orleans. As a PCGS-certified coin, it is guaranteed to be authentic and of the quality represented by the MS-61 grade, making it a sought-after piece for collectors of U.S. gold coins.