1921 $1 MS67 PCGS....

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1921 Peace Dollar, MS67
Tied for Finest at Both Services
Single-Year High Relief Design

1921 $1 MS67 PCGS. The Peace dollar had its origin in the Great War, devised as a commemorative to celebrate the Allied victory over the Axis powers in 1918. Unlike the Morgan dollar and its authorizing legislation, the Bland-Allison Act of 1878, which effectively acted as a subsidy to Western silver producers, the Peace dollar's originators had the public's interest in mind. It was always intended that the Peace dollar be distributed at face value in quantities sufficient to prevent hoarding. An informal meeting of the Peace-Victory Commemorative Committee convened on December 14, 1920 to discuss the project. In his notes, Chairman Judson Brenner commented:

"What we want now is a commemorative peace coin for general circulation, at face value, and without premium, and in such large numbers as to ensure against any 'cornering' of the coins. Then they would easily 'commemorate' peace, and everyone would not only see them, but they could possess as many as they desired without paying a premium on them."

Mint Director Raymond Baker finally approved the Peace dollar project on November 17, 1921. The committee sent out invitations to prominent sculptors and medalists two days later, asking them to participate in a design competition. Eight artists delivered sketches for the December 12 deadline, and Anthony de Francisci's submission was chosen by unanimous consent the next day.

Coinage production began on December 28, 1921. The Mint manufactured more than 250,000 High Relief 1921 Peace dollars per day through December 31, resulting in a total mintage of 1,006,473 coins. Despite the great pace and efficiency with which the Mint operated, the High Relief design posed a variety of striking difficulties. The relief was reduced on the 1922 dies, creating this popular one-year type.

The 1921 High Relief Peace dollar is readily collectible through MS65 condition but becomes very scarce in MS66. Superb Gems are very rare, with only seven examples at PCGS and six more at NGC (10/17).

This softly frosted Superb Gem is as strong as can be over the centers with minor softness at 12 o'clock and 6 o'clock on each side. Thin champagne-gold hues accent overwhelmingly bright and attractive. Advanced type collectors and series specialists will have to step up to seriously compete for this top-quality condition rarity.
From The Burgess Lee Berlin, M.D., J.D. Collection of Important United States Rarities. (Registry values: N7079)

Coin Index Numbers: (NGC ID# 2U4E, PCGS# 7356, Greysheet# 7887)

Weight: 26.73 grams

Metal: 90% Silver, 10% Copper

View all of [The Burgess Lee Berlin, M.D., J.D. Collection of Important United States Rarities ]

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