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The Newfoundland 10 cents 1894 KM#3 VG silver coin is a fascinating relic from the history of Newfoundland's currency. Minted in 1894, this coin is a testament to Newfoundland's early development and economic activity. Its design, composition, minting history, mintage, and condition provide valuable insights into the economic and cultural landscape of Newfoundland during this period.
Designed by Leonard Charles Wyon, a British engraver, the Newfoundland 10 cents coin features a simple yet elegant design. The obverse of the coin depicts the bust of Queen Victoria facing left, surrounded by the inscription "VICTORIA DEI GRATIA REGINA" which translates to "Victoria, by the Grace of God, Queen." The reverse of the coin features the denomination "10 CENTS" surrounded by a wreath of laurel leaves, with the inscription "NEWFOUNDLAND" above and the date "1894" below.
This particular coin is graded as VG, or Very Good, indicating that it is in decent condition with moderate wear visible to the naked eye. Coins in VG condition typically exhibit wear on the high points of the design, with some loss of detail and definition. Despite its wear, the coin retains its overall shape and integrity, making it a tangible link to Newfoundland's past.
The Newfoundland 10 cents 1894 KM#3 VG silver coin is composed of 92.5% silver and 7.5% copper, giving it a distinctive silver appearance. The use of silver in the coin's composition adds to its appeal as a collectible item and contributes to its intrinsic value.
During the late 19th century, coins like the Newfoundland 10 cents were essential for everyday transactions, serving as a medium of exchange for goods and services. While these coins were not packaged in any special manner for distribution, they would have been handled and circulated alongside other denominations in daily transactions.
The Newfoundland 10 cents coin was minted at the Royal Mint in London, England, which produced coinage for Newfoundland during this period. Mintages for the 1894 issue of the Newfoundland 10 cents coin were relatively low compared to later years, reflecting the limited population and economic activity of Newfoundland at the time.
Exact mintage figures for the 1894 Newfoundland 10 cents coin are not readily available, but they are believed to be relatively modest compared to later issues. Despite its lower mintage, the 1894 Newfoundland 10 cents coin is still sought after by collectors due to its historical significance and scarcity.
In summary, the Newfoundland 10 cents 1894 KM#3 VG silver coin is a valuable piece of Newfoundland's numismatic history. Its elegant design, decent condition, silver composition, and association with Newfoundland's early currency make it a desirable addition to any numismatic collection. Whether as a standalone piece or as part of a larger collection, this coin offers a tangible connection to Newfoundland's past and its economic development.