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Lot
7399

1925 $1 MS68 PCGS....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 16 Internet/mail/phone bidders Number of Bidders
2,721 page views
Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
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The Incredible Jack Lee MS68 1925 Peace Dollar
Single Finest-Graded Lee Collection Example
1925 $1 MS68 PCGS. Ex: Jack Lee. The Jack Lee pedigree is among the most significant in U.S. numismatics. Lee was a colorful, iconic coin dealer well-known to generations of numismatists, a familiar sight on the bourse floor at many coin shows over the decades. The first great collection that Lee built comprised Morgan dollar proofs and business strikes, Peace dollars, and Walking Liberty halves.
Lee disposed of that collection in the 1990s -- and began immediately assembling a second collection, to the point of rebuying and reselling some of the same coins from the Jack Lee I Collection. Lee disposed of his second set within a few years, and began yet again to assemble the Jack Lee III Collection.
The Jack Lee Collection of Morgan Dollars Basic Set, Circulation Strikes (1878-1921), now retired in the PCGS Hall of Fame, is the #1 All-Time Finest PCGS Registry Set. PCGS experts wrote of it:

"This is the undisputed all-time greatest set of Morgan dollars. In fact, it is one of the finest individual sets of United States coins ever assembled. It contains more than the 97 required coins; in fact, there are 175 coins in the set, not counting the proofs. Of those 175 coins (mint state and proof-like and deep mirror proof-like) there are 172 that qualify as the finest graded or tied for the finest graded. An incredible accomplishment combining unprecedented patience, dedication, and resources. Highlights of the Jack Lee Collection are an 1884-S graded MS68, the famous Wayne Miller 1886-O graded MS67DMPL, the Eliasberg 1889-CC graded MS68, the Norweb 1893-S graded MS67, an 1896-O graded MS66, an 1896-S graded an unbelievable MS69, and literally every other coin in the collection."


The Jack Lee Collection of Peace dollars achieved a rank of #3 All-Time Finest PCGS Registry Set. The PCGS experts said "it was without a doubt one of the finest collections ever assembled. It was nearly coin by coin the finest PCGS had ever graded at the time."
The present MS68 1925 Peace dollar is a sterling representation of the incredible quality present in all of Lee's collections. In fact, this is the single finest-graded Peace dollar that was in the Jack Lee Collection, and one of only two MS68-graded Peace dollars at PCGS (the other is a 1924). This piece is quite well-struck, save for a touch of softness on the eagle's wings and the highest points of the hair. Vibrant mint luster radiates throughout, with hints of pale gold and ice-blue patina. No mentionable abrasions appear, as expected at this grade level, and the eye appeal is extraordinary. Certified in a green-label holder. Population: 1 in 68, 0 finer (6/11).
At the time of Lee's passing on August 17, 2008, James Halperin, Heritage Auctions co-chairman, commented:

"Regardless of whether a coin is pedigreed to Lee I, II, III -- or any combination -- there are few pedigrees in American numismatics that mean as much to the collecting community as 'Ex: Jack Lee.' Those words convey volumes about the quality of the coin, its eye-appeal, and its status as one of the premier examples of the issue. That in itself is a tremendous tribute to this friendly, unassuming collector/dealer."
(Registry values: N4719) (NGC ID# 257L, PCGS# 7365)

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