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The 1900-P Double Eagle Liberty Head is a $20 gold coin minted in Philadelphia, denoted by the "P" mintmark. It features the Liberty Head design by James B. Longacre, which was used on U.S. gold coins from the mid-19th century through the early 20th century.
A PCGS MS-61 grade indicates the coin is in Mint State condition, meaning it has not been circulated, but it shows minor imperfections due to handling. Specifically, an MS-61 coin may have some light scratches, bag marks, or contact marks, which are visible to the naked eye, but the coin retains most of its original luster and sharp details. The MS-61 grade suggests the coin is still in very good condition but has some visible flaws when compared to higher grades like MS-62 or MS-63.
The 1900-P Double Eagle is a relatively common date in the Liberty Head series, but the PCGS MS-61 grade still makes it a collectible item due to its historical significance and gold content. It's a popular choice for collectors of U.S. gold coins from the turn of the century.