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Inventory:
2 In Stock
- Product ID: 52945
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| Metal/Chg | Bid | Ask |
|---|---|---|
| Updated: 12/24/24 02:41:01 | ||
Gold
 5.96
|
$2,618.07 | $2,632.42 |
The $5 Gold Liberty coin of 1894 is a remarkable piece of American numismatic history, reflecting both the artistry and the economic context of its time. Known as the Liberty Head half eagle, this coin was part of a series that was minted from 1839 until 1908, showcasing the enduring popularity of its design. The year 1894 was notable not only for its coinage but also for the broader economic landscape of the United States, which was experiencing a period of both growth and challenges.
In 1894, the United States was in the midst of an economic recovery following the Panic of 1893, a serious depression that had significant impacts on the banking system and employment rates. The coinage of gold was crucial during this time as it provided a stable form of currency that people could rely on for trade and commerce. The $5 Gold Liberty coin was particularly important as it represented a substantial denomination, allowing for significant transactions and savings. It played a vital role in the financial dealings of everyday Americans and was a popular choice among both investors and collectors.
The design of the 1894 $5 Gold Liberty coin is a testament to the artistic skill of engraver James B. Longacre, who created the Liberty Head design. The obverse features a striking image of Lady Liberty in profile, facing left. She wears a coronet inscribed with the word "LIBERTY," symbolizing the ideals of freedom and independence that were foundational to the United States. Surrounding her image are 13 stars, which represent the original colonies, and the date "1894" is elegantly placed beneath her chin. The design captures the spirit of the era and remains a symbol of American identity.
On the reverse side, the coin showcases a majestic bald eagle, the national symbol of the United States. The eagle is depicted with its wings outstretched, clutching an olive branch and a bundle of arrows in its talons. This imagery conveys a dual message of peace and readiness for defense, reflecting the values of the nation. The inscriptions "UNITED STATES OF AMERICA" and "FIVE DOLLARS" are prominently displayed, clearly indicating the coin's denomination and reinforcing its significance within the currency system.
The 1894 $5 Gold Liberty coin is composed of 90% gold and 10% copper, which was the standard for U.S. gold coins of the time. This composition not only enhances the coin's durability but also gives it the characteristic warm glow that collectors appreciate. Weighing approximately 8.359 grams, with a diameter of 21.6 mm, the coin is a beautiful example of American minting craftsmanship. The use of gold not only adds intrinsic value to the coin but also reflects the economic stability that gold represented in the late 19th century.
The mintage of the 1894 $5 Gold Liberty coin was approximately 1,332,000 pieces, which was relatively significant compared to other years in the series. However, the coin's desirability has increased over the years, particularly for those in high grades. The AU (About Uncirculated) designation indicates that this coin has seen limited wear and retains much of its original luster and detail, making it highly sought after by collectors. High-grade examples of this coin are particularly valued, as they represent the pinnacle of artistry and historical significance in American numismatics.
The historical context surrounding the 1894 $5 Gold Liberty coin adds to its allure. It was minted during a time when the United States was navigating economic challenges, yet also experiencing a burgeoning sense of national identity and pride. The coin serves as a tangible link to this dynamic period in American history, allowing collectors and enthusiasts to appreciate the craftsmanship and cultural significance embodied in its design.
As collectors seek out coins from this era, the 1894 $5 Gold Liberty coin stands out not only for its beauty but also for its representation of the values and aspirations of the United States at the time. Owning this coin provides a connection to the past and an opportunity to reflect on the nation's journey. It is a piece of history that encapsulates the spirit of resilience and determination that defines the American experience.
In conclusion, the $5 Gold Liberty coin from 1894 is an exceptional example of American numismatic artistry and historical significance. Its captivating design, combined with its context within the economic landscape of the time, makes it a prized addition to any collection. The beauty and value of the coin extend beyond its gold content; it serves as a testament to the ideals of liberty and freedom that continue to resonate with collectors and historians alike.