Despite a high mintage of nearly a million coins, the 1867-S Double Eagle is a scarce and very underrated date. It is the fifth rarest San Francisco Type Two Double Eagle.

The 1867-S is one of the most difficult Type Two Double Eagles to find with a good strike. Virtually all known examples are quite flat on the hair of Liberty. In addition, many of the stars on the obverse are flat and do not show their full radial lines. The date sometimes is flat with the 6 and the 7 more weakly impressed than the 1 and the 8. The reverse is better struck. The center is mostly sharp with occasional areas of flatness seen at the shield and inner wings. 

1867-S Double Eagle Luster, Coloration & Quality Rankings

Many 1867-S Double Eagles are heavily marked but the surfaces are generally cleaner than on Philadelphia Double Eagles from this year. For some reason, many coins have been cleaned and show heavy hairlines or scratches; these examples are excluded from encapsulation by both PCGS and NGC. The luster is typically subdued with a moderately frosty texture. The coloration on 1867-S Double Eagles ranges from deep green-gold to orange and coppery hues. Choice, original examples command significant premiums.