Description
1866-S $20 No Motto Liberty Head Double Eagle PCGS XF40
1866-S $20 No Motto Liberty Head Double Eagle PCGS XF40
1866-S $20 No Motto
SKU: 54891522
A desirable Civil War–era rarity from the San Francisco Mint, this 1866-S $20 Liberty Head Double Eagle is the coveted No Motto variety and a key transitional issue within the Type One series. Struck at a pivotal moment when the Mint was preparing to change reverse hubs, the 1866-S No Motto has evolved from an overlooked date into one of the more respected and sought-after Type One Double Eagles by specialists and type collectors alike.
The best current research indicates approximately 120,000 pieces were struck with the Type One reverse in February 1866, just before San Francisco received instructions from Philadelphia to adopt the new Type Two reverse. This narrow production window creates the distinctive dual-issue status that makes the 1866-S No Motto especially compelling: it is the only regular-issue Liberty Head Double Eagle date with both Type One and Type Two reverses.
Certified by PCGS as XF40, this example offers strong collector appeal in an attractive, value-driven grade that still displays the classic Liberty Head design with clear detail and honest circulation character. As is typical for the issue, expect the obverse to present a softer strike than the reverse, with the curls around Liberty’s face and below the ear often showing inherent weakness even on higher-grade coins.
Key details
Date and mint: 1866-S, San Francisco
Denomination: $20 Liberty Head Double Eagle
Variety: No Motto, Type One reverse (Transitional issue)
Certification: PCGS XF40, Cert. 54891522
Rarity profile (PCGS Population): 24 in XF40, with 139 graded higher
Why collectors pursue the 1866-S No Motto
Recognized today as one of the rarer Type One Liberty Head Double Eagles
Strong demand from both advanced specialists and broader gold type collectors
Historic “changeover” issue tied directly to the 1866 reverse transition
An important San Francisco gold rarity with enduring liquidity and collector recognition
PCGS # 8945.000000
Grading Service PCGS
Grade XF40
Year 1866
Strike Business