Proof 1922 Peace, High Relief dollars, once owned by former U.S. Mint director, surface

Discovery brings known total to as many as 13 coins
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Published : 04/17/14
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A California woman says she doesn’t believe her dad ever knew the rarity or value of the two silver dollars given to him circa 1968 by the daughter of former U.S. Mint Director Raymond T. Baker.

The two coins that were part of her father’s estate are Matte Proof 1922 Peace, High Relief dollars, bringing the total number of known Proof examples to as many as 13 (sources differ on totals). 

No more than 20 examples of the 1922 Peace dollar are reported to have been struck in High Relief in Proof.

The woman’s father died in July 2013. The woman has asked for anonymity, preferring only to be identified as Kathleen.

The two recently discovered coins are to be offered at auction by Ira & Larry Goldberg Coins & Collectibles in the firm’s June 1 to 3 Pre-Long Beach sale. The net proceeds are to be divided between Kathleen, who is the executor of her father’s estate, and her two brothers.

The two Peace dollars were taken for evaluation March 1, 2014, along with other coins, to a coin dealer in Stockton, Calif. They have since been certified by Professional Coin Grading Service. One coin is graded Proof 67, the highest example graded by PCGS, and the other graded Proof 64.

In addition to the PCGS Proof 67 1922 High Relief Peace dollar, Numismatic Guaranty Corp. has also certified as Proof 67 a Matte Proof 1922 High Relief Peace dollar. The NGC-graded piece, reportedly from a Philadelphia estate, sold at a Jan. 9, 2014, Heritage auction for $329,000.

Envelopes provide clues

The two coins had been stored in 2-inch by 2-inch manila envelopes, each separately identified with typed information on paper taped to one side.

The envelope that contained the coin that graded PCGS Proof 67 carried the text, “Indicator registered / 104,001 pieces struck / when this coin taken / RAYMOND T. BAKER / Sec. of Treasury 1922.”

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