Lot 1368
1894. NGC graded AU-50. Frosty and untoned with luster in the fields and devices. Mintage was at a low point in 1894, a decline from 1893 in fact. Several events occurred in this period that affected coinage. A major one was the onset of a business recession in 1893. Then, too, the government suspended production of Treasury or Coin paper currency backed by either gold or silver (and the withdrawer's discretion). It wasn't until things got sorted out by 1896 that Philadelphia Mint production returned to normal levels. 1894 is widely seen as a semi-key date (PCGS # 7228) .
Estimated Value $1,400 - 1,450.
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| Realized $1,410 |
