Lot 1329
1914-D. PCGS graded MS-64. Nice shades of golden toning. Well struck. A satiny specimen, right on the cusp of Gem MS65 level, with energetic luster and pleasing color that seems to want to motivate bidders to left their bids as though by subtle hypnosis! Pop 200; 41 finer at PCGS. (PCGS # 8876) .
Historic Note: In the summer of 1914, war broke out in Europe between contending alliances. This had the effect of upsetting the money markets and in particular gold, the basis of all money standards in those days. The U.S. government, which wasn't a participant in 1914, had to take measures to insure that the country was not drained of its gold. The stock exchange was closed for 5 months beginning in Aug. 1914; bond markets ceased operating. However, by late in the Fall and early Winter, a situation the opposite to the one feared developed. The belligerent nations began to flood the United States with their gold to pay for supplies and to secure a safe haven from looting. The crisis eased and the United States began a wildly profitable war-induced boom phase that lasted until 1918-19.
Estimated Value $3,300 - 3,500.
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| Realized $4,230 |
