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Lot
2654

1934-D $1 MS67 PCGS....

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

 
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Auction Ended On: Apr 30, 2009
Item Activity: 8 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Phenomenal 1934-D Peace Dollar, MS67
1934-D $1 MS67 PCGS. Micro D. Any Peace dollar in this condition is extremely rare because of the shallowness of the design and the wide-open, vulnerable spaces presented by the devices and the fields. Unless a coin is immediately removed from the press after striking and carefully preserved over the years, the likelihood of a regular business strike surviving unharmed is extremely low. PCGS has certified more than 340,000 Peace dollars, but only 187 of those coins have been certified MS67, and just two coins have graded finer.
The 1934-D, the final Denver Mint Peace dollar (discounting the rumored 1964-D pieces), is especially rare in this lofty state of preservation. This should not be overlooked by the enthusiast of this widely collected series. Only four specimens have been certified MS67 by both services combined, and none are known finer (2/09). Dave Bowers explained the rarity of this issue in his 1993 Encyclopedia: "The 1934-D seems to be a Peace dollar that has been forgotten or overlooked. Despite a generous mintage, few documented hoards have come on the market, and I am not aware of any surviving mint-sealed bags. Presumably, the mintage dribbled into the channels of commerce over a long period of time. Numismatists paid little attention to them."
This shimmering Superb Gem offers brilliant luster on both sides and exceptional surfaces. The combination of satiny luster and bold design details makes this an aesthetically desirable example that is second to none. This is the second time we have offered this exact coin, and those appearances are the only opportunities that collectors have had to bid on a Superb Gem in any of our auctions. Population: 2 in 67, 0 finer (2/09).
Ex: Heritage (4/2006), lot 1232.
From The Joseph C. Thomas Collection.(Registry values: N4719) (NGC ID# 257Y, PCGS# 7376)

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