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.
Liberty Gold Eagles -- why buy Pre-1933 Gold from APMEX?Liberty Gold Eagles from the years 1838-1907 are a popular addition to any investment portfolio or numismatic collection. To buy Liberty Eagles for your investment portfolio, call our Account Managers toll free at (800) 375-9006 or click on the “Live Chat” button. APMEX is where to buy Precious Metals! Also, you can come to us when it is time to sell Gold, Silver, Platinum, and Palladium.
|Mint Mark:||O - New Orleans|
|Metal Content:||0.4838 troy oz|