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    Description

    1922 Peace Dollar, PR64
    Matte Finish, Struck in High Relief
    Key Subtype for a Specialized Collection

    1922 $1 Matte Finish, High Relief PR64 PCGS. CAC. Heritage research of 1922 Peace dollars determines that there are three obverse and four reverse subtypes, struck in five different combinations. High relief matte proofs, such as the present lot, are Subtype 1-A. The E in WE is above the W, and the ray above the N in ONE is very long. High relief satin proofs are Subtype 1-B. The ray above the N in ONE is short, and there are four rays below ONE. Modified high relief business strikes and proofs (Judd-2020) are Subtype 2-A. The crossbar of the second T in TRVST slopes up, and the S is narrow. Finally, low relief matte and satin proofs, along with the scarce business strikes, are Subtype 3-C. The base of the second T in TRVST is attenuated, the ray above the N in ONE is short, and there are three rays below ONE. The branch is disconnected from the claw. Subtype 3-D is the usual business variety with the branch attached to the claw. All those obverse and reverse subtypes differ from the 1921 Peace dollar.
    The high relief matte proofs are significant for their formidable rarity (PCGS estimates five to eight pieces are known) and their exceptional high relief design detail. But they also represent a different design subtype, and may merit classification as a pattern, along with the high relief satin proofs.
    The obverse of the present specimen displays distributed minute tan freckles, and a tiny tick on the base of Liberty's neck provides another identifier. The surfaces are otherwise stone-gray and virtually free from contact, and under strong magnification exhibit the finely-grained texture characteristic of matte proof production of the era. The finish is consistent throughout with the exception of the reverse field near 3 o'clock, which shows slightly greater granularity.
    Since the 1922 high relief business strikes (Subtype 2-A) are non-collectible, the 1922 high relief matte proof is the key to the Peace dollar series, and would be the cornerstone of any specialized collection.
    Ex: Lindesmith Collection (Bowers and Merena, 3/2000), lot 2217, which realized $36,800.
    From The Siegel Collection.(Registry values: N10218) (NGC ID# 2828, PCGS# 7383)

    Weight: 26.73 grams

    Metal: 90% Silver, 10% Copper


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    View all of [The Siegel Collection ]

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    Auction Dates
    April, 2017
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