Lot 1850
1891-CC. PCGS graded MS-62. A very attractive example for the grade, frosty and well struck. Carson City Mint issued this denomination from 1870 through 1893, with lean coinage totals most years. 1891 is the exception, when mintage surpassed the 100 thousand level, 103,732 to be precise. "Treasury officials were faced with distress in 1891, as foreign demand for U.S. gold coins threatened to deplete reserves to critically low levels, a crisis which grew worse during the next few years before beginning to improve," explains Randy Goe. "At the same time, the Philadelphia Mint was burdened with the task of providing millions of minor coins. San Francisco was called upon to fill the insatiable demand for double eagles and the Carson City Mint was given the responsibility of restocking diminishing reserves of gold eagles and half eagles." (PCGS # 8378) .
Estimated Value $1,500 - 1,600.
|
| |
| Realized $2,115 |
