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Lot
8375

1921 $1 Matte PR65 NGC. Ex: Jack Lee. Formerly offered ...

2003, Orlando, FL. (FUN) Signature Sale #308

 
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Offers to date: $50,000 on January 30, 2014
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Auction Ended On: Jan 10, 2003
Item Activity: 5 Internet/mail/phone bidders
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Description:
Gem Matte Proof 1921 Peace Dollar, Ex: Jack Lee
1921 $1 Matte PR65 NGC. Ex: Jack Lee. Formerly offered as lot 4352 in our 2002 Morris Silverman Sale, where it was described as, "The completeness of strike on this coin should be enough to alert the astute Peace Dollar collector that there is something unusual about this coin. Business strikes, as a rule, do not show the fine detailing seen on this piece. The matte proof variant of the 1921 is less well known, and were struck after the Satin Finish proofs. Neither Breen, Miller, nor Bowers lists any diagnostics for matte proofs other than the extraordinary sharpness of strike and difference in finish. The surfaces on this piece are subdued and show a fine-grain texture when examined under a loupe. Breen (1977) lists five pieces on the roster of known specimens and Bowers (1993) speculates that as many as 10 may exist. In addition to the finely detailed strike on each side, the coin is nearly brilliant with just the slightest accent of golden patina around the rims. Close examination with a loupe reveals a few tiny contact marks, but the only one that might show up in a photograph (and aid in tracing this coin's pedigree) is a small mark on the ray just below the M in UNUM." The coin brought an impressive $33,350 in that sale back in April of last year. (NGC ID# 2826, PCGS# 7382)

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