The 1877 is a numismatically significant double eagle as it is the first year of the new Type Three reverse with the denomination spelled out in full as TWENTY DOLLARS. The 1877 double eagle is also a condition rarity with properly graded MS62's being about as nice as this issue is found. In MS63, the 1877 is a very rare coin and it is nearly unobtainable choicer than this. The present example has superb eye appeal with semi-prooflike surfaces that are graced with lovely natural light lemon-gold and rose colors. This date is typically found frosty and with innumerable bagmarks but this piece is incredibly clean and it appears to be amongst the very first struck from this die pair. A few small marks on the cheek and neck of Liberty are probably what keep this coin from grading a full MS63 but I think it is considerably nicer than the last example I have seen graded as such, Heritage 4/10: 2321, slabbed by NGC, which brought $12,650. This is the only 1877 double eagle graded MS62+ by PCGS. They have graded eighteen in MS63 and one in MS64. I think this coin is a wonderful value as a PCGS MS63, which is not likely to be any nicer than this, would probably cost you close to three times the price.