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Lot
7380

1921 $1 Zerbe PR66 PCGS. CAC....

2011 August Chicago Signature US Coin & Platinum Night Auction #1158

 
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Auction Ended On: Aug 12, 2011
Item Activity: 15 Internet/mail/phone bidders
798 page views
Location: Marriott - Chicago O Hare
8535 W. Higgins Road
Chicago, IL 60631

Description:
Premium Gem Proof 1921 Morgan Dollar
Enigmatic Zerbe Proof
1921 $1 Zerbe PR66 PCGS. CAC. The 1921 Zerbe proofs are a controversial issue among numismatists today. The traditional story is that a number of proof Morgan dollars were struck late in 1921 to mollify Farran Zerbe, and other collectors, because the debut of the Peace dollar was so long delayed. However, in his Guide Book of Morgan Silver Dollars, Q. David Bowers casts doubt on this story, evaluating the Zerbe proofs as simply prooflike regular-issue coins. Bowers states:

"It seems highly unlikely that these were produced as Proofs for collectors. If indeed they were furnished to Farran Zerbe, a leading numismatic entrepreneur of the era, it is likely they were simply regular production pieces."


The controversy is far from settled today, and the grading services have certified numerous examples as Zerbe proofs, siding with the traditional view of the issue. The present coin displays slightly cloudy reflective fields, as seen on all Zerbe coins. The strike is razor-sharp on the hair above the ears and the wreath, also typical of this issue. The pleasing surfaces display a few hints of gold toning. Population: 8 in 66, 0 finer (6/11).
From The Paul Taylor Collection of Proof Morgan Dollars.(Registry values: N4719) (NGC ID# 257A, PCGS# 7341)

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