Lot 2994
1889 $10 Liberty. NGC graded MS-60. Lightly toned. Only 4,485 pieces minted of this semi-key date. Lustrous and well struck with the usual light bagmarks present. The period 1889 to 1896 was a time of stress in the East Coast (and European) gold markets. Forces were at work causing a drain on Treasury supplies of gold. This resulted in a series of moneymarket panics and shows itself in reduced gold Eagle and Double Eagle production figures at Philadelphia (but not in San Francisco's mintage). 1889 in particular saw a huge reduction in mintage over the years before. Things only returned to normal slowly thereafter (PCGS # 8715) .
Estimated Value $1,600 - 1,700.
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