1895 Liberty Head Double Eagle. MS-64+ (PCGS). CAC.，Gorgeous rose-orange patina mingles with fulsome satin luster on both sides of this beautiful near-Gem. Fully struck and nearly smooth enough to secure an even higher grade. The mintage for this issue amounted to 1,114,605 circulation strikes, down nearly 255,000 pieces from the previous years tally. Face value totaled $22,292,100. Much of the mintage found its way overseas in banking and other business transactions. Some 17,500 to 30,000 or more Mint State examples are extant, mainly in MS-60 to MS-63 with occasional forays into higher grades. Most Uncirculated coins are from repatriations of quantities that fled the country in the mid-1890s.<p>The Treasury was required to keep at least $100,000,000 in gold coins on hand, but in February 1895 just $41,393,212 was in the coffers. Gold coins by the millions continued to be shipped overseas, however, as the value of silver was less than half that of gold and foreign traders insisted on payments in the yellow metal. President Grover Cleveland reached a deal with J.P. Morgan & Co. and August Belmont & Co. of New York, in cooperation with N.M. Rothschild & Sons of London, to offer a bond issue that yielded 4% interest over 30 years especially aimed at European gold dealers. The bond issue sold out in 22 minutes! By March 30, the Treasury reported $90 million on hand, with much more gold yet to arrive. Seemingly, J.P. Morgan and friends had saved the country. The specter of the government running completely out of gold coins passed!<p>The typical owner of a Mint State 1895 double eagle today probably does not know of the near panic that occurred during its year of issue and the great clash between silver and gold interests that took place from the late 1870s through the mid-1890s. This was the great political question of the era, overwhelming everything else.，PCGS# 9027. NGC ID: 26CD.，PCGS Population: 27; 5 finer (all MS-65).，
