There were higher mintages on many gold coins during 1894 because of the economic situations caused by the “Panic of 1893.” This “Panic” was a serious economic depression caused by a series of bank failures, which caused people to hoard their gold and silver coins. Silver champions were battling those who supported the United States remaining on the Gold Standard and that became the major election issue during the 1896 Presidential Elections between William McKinley and William Jennings Bryan. So mintages of gold coins in 1894 were increased to satisfy the shortage of gold coins. The Gold Standard supporters, choosing McKinley, were victorious over the Silver Standard supporters.
How can your collection benefit from the value of pre-1933 Gold? Speak with a knowledgeable Account Manager at APMEX to learn about making your pre-33 Gold purchase today.
Since we may have more than one of these coin(s) in stock, you should use this stock photograph as an indicator of the quality of the coin(s) you will receive. Be assured, you will receive the exact date, grade, mint mark and grading service you order whether raw or certified. Our coin(s) will not have toning unless otherwise noted.
APMEX stands behind every coin it sells with a satisfaction guarantee.
|Mint Mark:||O - New Orleans|