The 1877 Liberty Seated Twenty Cent Piece is one of the most elusive coins in U.S. history. With a mintage of only 510 proof coins, it is an extraordinary find for collectors and investors alike. This guide explores its history, unique design, value, and tips on identifying authentic specimens.
The History of the Twenty Cent Piece
The twenty-cent piece was introduced in 1875 to address a coin shortage in the Western U.S. However, it quickly became unpopular due to its similarity in size and design to the quarter. The confusion led to its discontinuation in 1878.
By 1877, no business-strike twenty-cent coins were produced—only proof versions were minted for collectors. Because of this, the 1877 Liberty Seated Twenty Cent Piece remains one of the rarest and most valuable coins in American numismatics.
Design and Features
Obverse (Front) Design
- Features Lady Liberty seated on a rock, holding a staff topped with a liberty cap.
- Thirteen stars representing the original colonies surround Liberty.
- The date “1877” is placed below Liberty’s foot.
Reverse (Back) Design
- Showcases a heraldic eagle clutching arrows and an olive branch.
- “United States of America” and “Twenty Cents” are inscribed along the edge.
Composition and Specifications
- Metal Content: 90% silver, 10% copper.
- Diameter: 22 mm.
- Weight: 5 grams.
- Edge: Plain (unlike the reeded edges of quarters, adding to its unique appeal).
Value and Rarity
Due to its extremely low mintage, the 1877 Liberty Seated Twenty Cent Piece is highly valuable. Here’s what collectors can expect to pay:
- Fine to Very Fine Condition: $125,000 – $175,000.
- Uncirculated (MS-65 and Above): Over $200,000, depending on the coin’s quality.
- Highest Auction Records: Some specimens have sold for over $400,000 at major coin auctions.
The coin’s value continues to rise due to its historical significance and extreme rarity.
How to Identify an Authentic 1877 Twenty Cent Piece
Because of its high value, counterfeit versions exist. Here’s how to ensure authenticity:
- Proof-Only Issue: All 1877 Twenty Cent Pieces were struck as proofs—no circulation versions exist.
- Sharp Details: Liberty’s figure and the eagle’s feathers should appear crisp and well-defined.
- Metal Composition Test: Authentic coins should weigh exactly 5 grams and contain 90% silver.
- Edge Examination: The edge should be smooth, as reeded-edge versions indicate a counterfeit.
- Third-Party Certification: Always buy graded coins from reputable sources like PCGS or NGC.
Investing in the 1877 Twenty Cent Piece
For serious collectors, the 1877 Liberty Seated Twenty Cent Piece is a blue-chip investment. It has consistently appreciated in value due to its scarcity. If you come across one in an auction, securing it could be a wise decision, as demand remains strong.
Conclusion
The 1877 Liberty Seated Twenty Cent Piece is one of the greatest rarities in U.S. coinage. With only 510 pieces ever minted, owning one is a dream for numismatists. If you’re lucky enough to find one, make sure it is authenticated and graded by a trusted service. Whether for historical interest or investment, this coin remains an enduring treasure in the world of collecting.