1921 $1 Satin PR64 NGC....

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Sold on Apr 30, 2009 for:

$40,250.00 Bid Source: Live: Phone bidder

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Memorable 1921 Satin Finish PR64 Peace Dollar

1921 $1 Satin PR64 NGC. VAM-1H. After the broken sword was removed from the reverse of Anthony de Francisci's original design for a dollar commemorating the end of the Great War, experimental strikings were conducted with both matte and satin surfaces. The proofs were struck after production of the High Relief business strikes, which had relief so high they shattered the dies. According to Roger Burdette's recent Coin World article (March 2, 2009):

"The problem, obviously, was excess relief. Nothing could be done for the 1921 High Relief design except to strike as many acceptable coins as possible by the end of the year. Changes would have to wait until next year.
"During the last week in December, most likely on the 26th or 27th, Morgan also had a small quantity of Proof pieces struck on a medal press. Some of these were sandblasted and others were left with their original satiny surfaces produced by the new dies. These were sent to Washington for approval of the design and are the source of Proof 1921 Peace, High Relief dollars prized by collectors."

The special status of this coin is immediately apparent. Close examination of the surfaces also confirms its status as a Satin Finish proof, VAM 1H I1 Aa. This die pairing is notable for fine die polishing lines around OD WE and numerous tight elliptical polishing lines below the jaw and below the bottom of the hair bun. On the reverse, fine die polishing lines are seen above and below ONE, around the eagle's feet, through S OF AM, and below the final A in AMERICA. The striking details are complete over both sides. The surfaces are brilliant throughout and highly lustrous, with an almost semiprooflike finish in the fields. The only identifying marks on this remarkable coin are a tiny lint mark on Liberty's cheek in a line behind the mouth, a small contact mark in the left obverse field a few millimeters in front of Liberty's upper lip, and another minuscule mark fairly well concealed in the middle of the eagle's neck at the top of the upper row of neck feathers. A rare opportunity to acquire this special striking of the Peace dollar in high relief. Census: 6 in 64, 5 finer (3/09).
Ex: Morris Silverman Collection (Heritage, 4/2002), lot 4351, where it brought $29,325.
From The Joseph C. Thomas Collection.(Registry values: N10218)

Coin Index Numbers: (NGC ID# 2UAU, PCGS# 7382, Greysheet# 7888)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

View all of [The Joseph C. Thomas Collection, Part One ]

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