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Lot
1239

1922 $1 Matte Low Relief PR65 NGC. Low Relief 1922 proof Peace dollars are known in two finis...

2006 April Atlanta, GA (ANA) Signature Auction #402

 
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Auction Ended On: Apr 7, 2006
Item Activity: 10 Internet/mail/phone bidders Number of Bidders
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Description:
Exceedingly Rare 1922 Matte Proof Dollar
1922 $1 Matte Low Relief PR65 NGC. Low Relief 1922 proof Peace dollars are known in two finishes: Satin and Sandblast. According to Walter Breen, at least eight of the Satin finish coins and a documented two of the Sandblast ones were struck by or for Chief Engraver George T. Morgan. The two Sandblast specimens were sold to Ambrose Swasey, a Cleveland industrialist, on March 1, 1922, who apparently sold them to Ambassador and Mrs. R. Henry Norweb. Both of these pieces appeared in the Bowers and Merena sale of Part III of the Norweb Collection, November 14 and 15, 1988, where they were graded PR65 (lots 3932 and 3933, which sold for $33,000 and $35,200 respectively, including the 10% buyers fee). The catalogers state that: "...it may be that these two specimens are the only examples of the variety extant. All other regular relief type 1922 Proof dollars appear to have satin finish surfaces."
The specimen offered here perfectly matches the photographs of lot 3933 in the Norweb sale, with tiny specks on Liberty's jaw and neck, and a thin streak on the eagle's right wing shoulder. The fine-grained surfaces display a faint yellowish-gray color with a somewhat dull cast that is characteristic of the matte proofing process. The motifs are exquisitely executed, with sharp detail apparent on Liberty's hair curls and the eagle's wing feathers. The surfaces are virtually pristine, exhibiting just a few miniscule toning specks and streaks, none of which is the least bit distracting.
This is perhaps a once-in-a-lifetime opportunity for the advanced numismatist to acquire a specimen of this fabulous rarity. NGC has certified only two 1922 low relief matte proofs, one as PR63 and the present piece at the PR65 level.
From The Robert Moreno Registry Collection of Peace Dollars. (PCGS# 7383)

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