The 1887-S is the scarcest San Francisco double eagle produced after 1882. For years it was a totally unheralded sleeper but it has become better recognized by specialists. This date is moderately scarce in MS60 to MS61, scarce in MS62 and rare in MS63 and better. For most collectors, an MS62 represents the "sweet spot" for this date as a properly graded PCGS MS63, if available, will cost in the area of $14,000-15,000. This example is choice and original with very attractive rose and green-gold color with a splash or orange at the central obverse. There are a few light ticks in the fields that are consistent with the assigned grade. The last two APR's for PCGS MS62 1887-S double eagles are $4,600 for Heritage 1/12: 6706 and $4,888 for Stack's Bowers 11/11: 9929 (approved by CAC).