Lot 1720
1894-O. PCGS graded MS-64 PQ. Lightly toned around the edges while stored for years in Willie's album. Mostly untoned and very choice. The 1894-O was struck during the low-mintage period from 1893 to 1895, a time of economic troubles when often there is reduced mintage. A fairly large percentage of '94-O Dollars saw hard work in circulation, more so than other New Orleans issues.
Two characteristics often encountered on Uncirculated pieces are poor striking characteristics (as seen in the centers here) and drab luster. However, when gauging this coin's mint bloom, we find that it puts to shame most others from this Mint during 1890 through 1897. The luster is full. Its gleam is satiny. The luster more closely resembles the sheen usually seen on, say, an 1885-O than a typical 1894-O. Very lightly abraded, the most noticeable faint scuffs are in the luster on the breast of the eagle. We feel it earns the Premium Quality definition for this and many other reasons. Perhaps of greater importance to some is the fact that this exceptional piece is housed in a desirable PCGS holder. Pop 284; 32 finer, 23 in 64+, 9 in 65 (PCGS # 7230) .
Estimated Value $5,000 - 5,500.
The William Pannier Estate.
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| Realized $8,194 |
