1878-S GOLD Liberty Head Double Eagle PCGS XF45 - Verified Authentic

Description

You are bidding on an 1878-S Liberty Head Gold Double Eagle. This coin is verified authentic and graded XF45 by PCGS. This coin is a great piece of American history and belongs in your collection! Shipped via USPS First Class, Signature Required.
Q. David Bowers (derived from the PCGS Coin Guide): "Following the discovery of vast quantities of gold in California, the Treasury Department decided to create a new denomination called the double eagle, for it was twice the size of the previous highest denomination, the eagle. First minted for circulation in 1850, production of pieces was continued through the year 1933. Vast quantities were minted of certain dates, as they served as a convenient way to convert gold bullion into coinage form. Double eagles facilitated international transactions of large value in an era in which foreign governments and commercial interests were wary of accepting paper money.
Double eagles of the 1850-1907 years are of the Liberty Head type and are the work of James B. Longacre, who produced many other designs of the mid-19th century. There are actually three varieties of Liberty Head double eagles: the 1850-1866 style with the denomination expressed as TWENTY D, the 1866-1876 style with the denomination expressed the same way but with the addition of IN GOD WE TRUST, and the 1877-1907 type with the denomination expressed as TWENTY DOLLARS."