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The 1897-P Double Eagle Liberty Head is a $20 gold coin minted in 1897 at the Philadelphia Mint (denoted by the "P" mintmark). It features the classic Liberty Head design, created by Augustus Saint-Gaudens. This coin is made of 90% gold and 10% copper, with a total weight of 33.44 grams.
A PCGS MS-62 grade indicates that the coin is in Mint State, specifically rated as "Choice Uncirculated". This means the coin has retained its original mint luster and sharp details but does show light contact marks, scratches, or other minor imperfections from handling or storage. Although there are noticeable imperfections, it still presents a strong overall appearance, which makes it appealing to collectors looking for a relatively well-preserved example without paying the higher premium of higher-grade coins (such as MS-63 or MS-64).
The 1897-P Double Eagle is not considered a rare date in the series, but it is still a popular coin among collectors due to its historical significance as part of the Liberty Head series. Coins from the Philadelphia Mint are typically more common, but a coin in MS-62 condition is considered a solid example for anyone collecting U.S. gold coins. The Liberty Head design continued to be minted until 1907, when it was replaced by the Saint-Gaudens design, making the 1897-P a key part of the transition in U.S. coinage history.
As a result, the value of the 1897-P Double Eagle in MS-62 will depend on factors like demand, availability, and market conditions, but it is generally sought after by collectors of 19th-century U.S. gold coins.