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1922 $1 Low Relief Satin PR65 NGC. This is a very unusual coin and quite frankly, this is an ...

2006 April Atlanta, GA (ANA) Signature Auction #402

 
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Auction Ended On: Apr 7, 2006
Item Activity: 11 Internet/mail/phone bidders
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Location: Atlanta, GA
Description:
Exceedingly Rare 1922 Low Relief Satin Proof Peace Dollar
1922 $1 Low Relief Satin PR65 NGC. This is a very unusual coin and quite frankly, this is an issue we have no acquaintanceship with. All we can really do is repeat what is in the literature and relate what we see on the coin itself. The coin has a most unusual appearance, unlike any other 1922 Peace dollar we have ever encountered. The surfaces have a bright, satiny finish and each side shimmers and glows with a mint sheen that is completely different from that seen on a regular issue, low relief 1922 dollar. Compare this coin side-by-side with the MS67 1922 Peace dollar that is also present in this sale. The difference in the two finishes is profound.
Breen notes that the Low Relief Satin proof strikings show no mint frost, no "cartwheel," which he describes as 'cold flow radial lines.' He compares these coins to the 1921 satin proofs, and indeed there are many similarities in finish and overall texture between the two coins. He also notes that the rims are built up more strongly than on business strikes, and the inner coronet line is exceptionally strong. Full striking definition is seen on the central hair, full feathers are evident even on the upper wing and breast. The lettering is all noticeably higher contrasted with the fields than on business strikes, and the edges of the letters are more sharply defined.
Predictably, Wayne Miller had several pointed and thought-provoking comments in his 1982 book The Morgan and Peace Dollar Textbook (pages 243-244). In his opinion, the Beck-Riethe coin was not a Satin Finish proof. However, the piece in Steve Ivy's Herrman Sale in 1979 was a proof striking. The last paragraph of Miller's entry about this curious proof is quite interesting and we reproduce it here as it compares and contrasts the Satin vs. Matte strikings of this year:
"Although satin finish 1922 proof Peace dollars are much more rare than the matte proof variety, the latter will probably always bring a higher price for the follow (NGC ID# 2828, PCGS# 7383)

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