1895 LIBERTY $5, MOTTO MS65
GEM SURFACES WITH RADIANT LUSTER.
NGC Graded Higher:
In 2008, President Bush signed a bill to bailout the struggling banking system. In 1895, the tables were turned when a magnate of the banking system loaned $65 million worth of gold to bailout the government. President Cleveland’s government was under extreme financial stress after the Panic of 1893 and the Treasury was quickly running out of gold. In response, the reclusive tycoon J.P. Morgan offered to give the Treasury the much needed gold in exchange for bonds. This 1895 half eagle is likely made from the gold loaned by J.P. Morgan.