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1922 $1 Satin Finish, Low Relief PR63 NGC....
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Sold on Jan 12, 2023 for:
$108,000.00
Bid Source: Live: Phone bidder
Description
1922 Peace Dollar, PR63
Rare Satin Finish, Low Relief Proof
Only Three Pieces Believed Known
1922 $1 Satin Finish, Low Relief PR63 NGC. Various proof
variants of the Peace dollar were struck in 1921 and 1922, of which
the 1922 Low Relief, Satin Finish issue is one of the rarest. It is
believed that only a handful of these pieces were struck, likely in
early to mid-February 1922. According to Roger Burdette in A
Guide Book of Peace Dollars, one example was sold by the Mint
to Andrew Swasey, a member of the Assay Commission, on March 1,
1922. Ron Guth records three examples of the Low Relief, Satin
Finish proof known today, just two of which are reported on the
certification reports: a PR65 PCGS coin, and this PR63 NGC
piece.The 1922 Low Relief, Satin Finish proofs were from the same hub used for certain trial strikes earlier in the year, identifiable by the reverse olive branch being disconnected from the eagle's foot. The same hub prepared the initial working dies for circulation coinage, amounting to a small percentage of the total mintage produced in 1922. What differentiates Satin Low Relief proofs from circulation strikes is the method of manufacture. The proofs were struck on carefully selected planchets on a 150-ton hydraulic medal press, resulting in sharper design definition and broad, squared rims, with no traditional surface luster. Burdette notes:
"This surface was called 'bright,' in contrast to 'sandblast,' by Mint personnel in 1922. These are easily confused with first strikes from new dies, since this is essentially what a Satin Proof is, except for the greater detail and square rims imparted by the hydraulic press."
We have been privileged to offer both certified examples of this rare proof issue, but the present coin has not been seen since our April 2006 ANA Signature. True to expectations of a Satin proof, the coin displays bright, non-reflective and yet non-lustrous surfaces, with no obvious cartwheel effect but significant "mint bloom." Detail throughout the eagle's feathers and Liberty's hair is needle-sharp, complementing the sharp rims. Medium champagne-gold toning graces each side. The appearance is entirely unlike any circulation strike Peace dollar we have seen, and yet is also distinctly different than the typical matte (sandblast) proofs that occasionally appear on the market. A true rarity for the advanced Peace dollar specialist. Plated in Roger Burdette's A Guide Book of Peace Dollars, page 165.
Ex: Pre-Long Beach Auction (Goldbergs, 1/2004), lot 2842; ANA Signature (Heritage, 4/2006, lot 1261; Pre-Long Beach Auction (Goldbergs, 2/2007), lot 1881.
Coin Index Numbers: (PCGS# 570498)
Auction Info
2023 January 11 - 15 FUN US Coins Signature® Auction #1356 (go to Auction Home page)
Auction Dates
January, 2023
11th-15th
Wednesday-Sunday
Bids + Registered Phone Bidders: 22
Lot Tracking Activity: N/A
Page Views: 4,422
Buyer's Premium per Lot:
20% of the successful bid per lot.
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