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Lot
2648

1921 $1 Zerbe PR66 NGC....

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

 
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Auction Ended On: Apr 30, 2009
Item Activity: 6 Internet/mail/phone bidders
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Location:

Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Description:
Unusually High Grade 1921 Zerbe
Proof Morgan Dollar, PR66
1921 $1 Zerbe PR66 NGC. The story of the 1921 Zerbe proof dollars that has been handed down over the decades is best related by Wayne Miller in his 1982 reference The Morgan and Peace Dollar Textbook:

"In 1920 the American Numismatic Association, through the considerable energies of Farran Zerbe, one of its most active and influential members, was clamoring for the release of a new Peace dollar. The first release was delayed until the end of 1921. So to appease Zerbe and his numismatic colleagues, a number of presentation-quality 1921 Morgans were produced. The exact mintage is unknown, with estimates of 20-200 most commonly cited."

Miller goes on to discuss the controversial nature of these coins, a topic that was further expanded upon 10 years later by Q. David Bowers in his two-volume dollar reference.
This piece is typical of all Zerbe proofs. The fields have numerous, swirling die polish lines. The diagnostic light die scratch is also faintly visible above the second U in UNUM. This particular coin is brilliant throughout, and unlike most Zerbe dollars this piece lacks the contact marks that usually accompany these special coins. Census: 8 in 66, 1 finer (3/09).
From The Joseph C. Thomas Collection.(Registry values: N4719) (NGC ID# 257A, PCGS# 7341)

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