1922 $1 Matte PR25 PCGS. Research done by R. W. Julian ...

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Circulated 1922 Matte Proof Peace Dollar

1922 $1 Matte PR25 PCGS. Research done by R. W. Julian in June 1974 at the General Services Administration archives in Philadelphia revealed that the Mint produced 35,401 High Relief Peace Dollars between January 2-23, 1922. These coins, all of which were dated 1922, were produced from four obverse and nine reverse dies. Since the die breakage was too great, the Mint halted production and ordered Chief Engraver George T. Morgan to lower the design's relief. Tradition holds that the Mint destroyed all 35,401 business strikes before commencing low relief production. Writing in 1993, however, Bowers describes the present circulated example and states: "This may be a circulation strike that escaped the melting pot (or it may be a proof that was spent)."
Judging by the way they graded this coin, PCGS believes in the latter theory. We admit that the amount of wear is extensive enough to preclude a definitive study of the original surface texture. There is, however, no doubt that this coin was struck in high relief, and with a considerable amount of pressure to provide for the considerable remaining central definition. Both sides are extensively worn with rich lavender-charcoal toning and scattered marks from a stint in circulation. An intriguing coin that begs for further study.
Ex: Discovered in the late 1970s in Lathrup Village, Michigan by Ernest Lush in a group of circulated Dollars; Michigan collection; Gwyn Houston; Julian Leidman (on consignment at the 1992 ANA Convention).

Coin Index Numbers: (NGC ID# 2828, PCGS# 7383, Greysheet# 7890)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

View Certification Details from PCGS