Heritage World Coin Auctions
CSNS Signature US Coin Sale 1254 26-28 Apr 2017
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Peace Dollar
1921 $1 MS67 NGC. The factors contributing to the perennial popularity of the 1921 Peace dollar are numerous. Unlike its few contemporary critics, including the Wall Street Journal, which wrote, "The whole thing is bad. The coin should be immediately withdrawn from circulation and a new design undertaken ... ," collectors now view Di Francisci's art deco depiction of Liberty among the finest in American numismatics. Perhaps most importantly, these first-year coins were struck in High Relief, in similar fashion to Augustus Saint-Gaudens' 1907 High Relief double eagle. Significant striking difficulty limited production to barely more than 1 million coins. The relief was lowered by Chief Engraver George T. Morgan the following year, creating a single-year type.
The 1921 is constantly subject to greater demand than it can fully satisfy. However, examples are readily available in circulated condition. In fact, the coins are available by the thousands all the way through MS65. Premium Gems are truly scarce. This Superb Gem stands far above the rest, equaled by few and surpassed by none in terms of its technical quality. The NGC Census lists six coins in this grade, while PCGS shows seven more. Neither firm has seen a finer example than the one offered here (3/17).
This Superb Gem Peace dollar is exceptional in every possible regard. The frosted surfaces are smooth and practically unabraded. Strike details are as bold as one may hope to find on this notoriously poorly struck issue. The only area of softness occurs over the middle part of Liberty's hair. A single, pedigree-identifying tick is noted on the point of the crown left of the E. We note that this represents merely the ninth appearance of an MS67 at auction since the establishment of our Permanent Auction Archives in 1993. Registry specialists should bid accordingly.
From The Siegel Collection.
HID02901242017
1921 $1 MS67 NGC. The factors contributing to the perennial popularity of the 1921 Peace dollar are numerous. Unlike its few contemporary critics, including the Wall Street Journal, which wrote, "The whole thing is bad. The coin should be immediately withdrawn from circulation and a new design undertaken ... ," collectors now view Di Francisci's art deco depiction of Liberty among the finest in American numismatics. Perhaps most importantly, these first-year coins were struck in High Relief, in similar fashion to Augustus Saint-Gaudens' 1907 High Relief double eagle. Significant striking difficulty limited production to barely more than 1 million coins. The relief was lowered by Chief Engraver George T. Morgan the following year, creating a single-year type.
The 1921 is constantly subject to greater demand than it can fully satisfy. However, examples are readily available in circulated condition. In fact, the coins are available by the thousands all the way through MS65. Premium Gems are truly scarce. This Superb Gem stands far above the rest, equaled by few and surpassed by none in terms of its technical quality. The NGC Census lists six coins in this grade, while PCGS shows seven more. Neither firm has seen a finer example than the one offered here (3/17).
This Superb Gem Peace dollar is exceptional in every possible regard. The frosted surfaces are smooth and practically unabraded. Strike details are as bold as one may hope to find on this notoriously poorly struck issue. The only area of softness occurs over the middle part of Liberty's hair. A single, pedigree-identifying tick is noted on the point of the crown left of the E. We note that this represents merely the ninth appearance of an MS67 at auction since the establishment of our Permanent Auction Archives in 1993. Registry specialists should bid accordingly.
From The Siegel Collection.
HID02901242017