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Lot
5400

1921 $1 MS67 NGC. Just over a million pieces were struck of the 1921 Peace dollar, a low mint...

2006 August Denver, CO Signature & Platinum Night Auction #414

 
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Auction Ended On: Aug 14, 2006
Item Activity: 9 Internet/mail/phone bidders
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Location: Denver, CO
Description:
Exceptional MS67 1921 Peace Dollar
1921 $1 MS67 NGC. Just over a million pieces were struck of the 1921 Peace dollar, a low mintage even by Peace dollar standards. But it is not the low mintage that makes this issue a perennial favorite of collectors. It is the first year of issue, of course, but more importantly it was struck in high relief and the only year to have been so produced. The high relief proved to be both a blessing and a curse for the 1921 Peace dollar. It was a blessing in that it rendered de Francisci's magnificent design in three-dimensional relief. It was a curse as the same three-dimensional quality gave almost all the coins produced a weak strike in the centers. This softness of strike is a result of die opposition; that is, the obverse and reverse design elements were each sufficiently high on both obverse and reverse that it was virtually impossible to strike the coin so enough metal would flow into all the recesses of the dies. This particular coin demonstrates the problem of die opposition, but it actually has stronger definition than most 1921 Peace dollars. Nevertheless, what sets this coin apart from other 1921 dollars is the extraordinarily thick mint luster. Both sides have swirling mint frost that is unimpeded by toning or any significant abrasions. While relatively available in MS64 and MS65 condition, there are very few MS67 coins available (and none finer). NGC has only certified five other pieces, and PCGS has graded five in this grade (6/06). This lot presents the Peace dollar collector with a rare opportunity to acquire this important date in the ultimate grade.(Registry values: N7079) (NGC ID# 2U4E, PCGS# 7356)

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