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Lot
10277

1925 S$1 MS68 NGC....

2004 November Palm Beach, FL Signature Sale #358

 
Sold for: Not Sold
Auction Ended On: Nov 6, 2004
Item Activity: 4 Internet/mail/phone bidders
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Location: Palm Beach, FL
Description:
The Finest Known 1925 Peace Dollar
1925 $1 MS68 NGC. The Peace dollar design was produced from 1921 through 1935 with a total production in excess of 190,000,000 coins, including just over 10,000,000 of this 1925 issue. Despite this large mintage, this is the only NGC MS68 of the design, and PCGS has certified just two, one dated 1924 and the other dated 1925. Anthony de Francisci designed this coin after receiving an invitation from the Commission of Fine Arts to participate in a design contest for a new Peace coin. His wife, Teresa [Cafarelli], served as the model for the obverse which was considered acceptable. His reverse design depicted an eagle breaking a sword, which was intended to represent disarmament or peace. This was not considered acceptable and a new reverse design was created by George Morgan. Thus, de Francisci only designed the obverse of the Peace dollar, and even this was modified after the initial production of High Relief examples. The entire Peace coin concept was initially proposed by Farran Zerbe, the same man who promoted many gold commemorative issues previously. Zerbe was politically influential, both at the Mint and in Congress, and was fortunate to see many of his coinage concepts come to fruition. At the 1920 ANA Convention, Zerbe presented a paper discussing a commemorative coin to honor peace after World War I. The text of his paper is printed in the October 1920 issue of The Numismatist.
There are no unusual varieties of the 1925 Peace dollar issue. In fact, the most recent edition of the Van Allen-Mallis reference, the standard variety guide to Morgan and Peace dollars, does not listed any unusual or remarkable varieties. This example is an amazing Superb Gem, the only one of its kind certified by NGC. The surfaces are graced by wispy orange and gold toning and exhibit a satiny or pebbly texture. Only a couple minor luster grazes keep this example from perfection. All of the design features are fully defined, and are as sharp as can be for this Peace dollar design. This is an extraordinary 1925 Peace dollar.(#7365) (Registry values: N4719) (NGC ID# 257L, PCGS# 7365)

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