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The 1907-P Double Eagle Liberty Head is a $20 gold coin minted in 1907 at the Philadelphia Mint (indicated by the "P" mintmark). This coin features the Liberty Head design, created by Augustus Saint-Gaudens. The 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 classified as "Choice Uncirculated". This grade suggests that the coin is in excellent condition but has some minor imperfections, such as contact marks, scratches, or light abrasions from handling or storage. These imperfections are noticeable but do not detract too much from the overall appeal of the coin. The coin retains much of its original mint luster and sharp details, making it an attractive piece for collectors, though it's not considered perfect.
The 1907-P Double Eagle is historically significant because it marks the final year of the Liberty Head design for U.S. $20 gold coins. In 1907, the design was replaced by the Saint-Gaudens design due to the artistic improvements and changes in coinage design by Theodore Roosevelt. As such, the 1907 Liberty Head Double Eagle is the last of its kind before this transition, making it a key coin for collectors of U.S. gold coins.
Though the 1907-P Double Eagle is not considered rare, it is still a sought-after piece due to its historical significance and its status as the final year of the Liberty Head series. In PCGS MS-62, it offers a great option for collectors who want a well-preserved but affordable example of this important coin type. The coin's value will depend on factors such as demand, condition, and market trends.