Lot 1162
1889. PCGS graded MS-64. Only 12,000 minted. Nice old time toning. Dates from 1879 to 1889/90 are low mintage. Some have pointed to the Mints busying themselves striking silver dollars. But another and possibly chief cause of the declining need for Dimes, Quarter Dollars, and Half Dollars in particular in those years was the reappearance of a flood of "old tenor" silver of the Civil War period into the country. The inflow started in late 1877. By the mid-1880s, the Treasury Department's vaults were virtually overflowing with excess bags of coins. Too many for commercial interests to use. Pop 48; 32 finer, 1 in 64+, 19 in 65, 1 in 65+, 11 in 66 (PCGS # 6371) .
Estimated Value $1,250 - 1,300.
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