Galleries is gearing up for its Rarities Auction May 20 in New
York City. The sale follows the May 19 auction with Sotheby’s
featuring 128 coins from the D. Brent Pogue Collection.
Rarities Auction features a diverse range of material across 109 lots
including coins from the United States and around the world, paper
money, medals, and other interesting objects. The individual lots
range from the first lot, a 1918 24-cent “Inverted Jenny” airmail
stamp that is encased in a locket from when it was a gift from famed
numismatist Col. Edward H.R. Green to his wife, to an exceptional 1907
Saint-Gaudens, Ultra High Relief double eagle.
is one coin with a great story to tell:
1922 Peace, High Relief dollar, Proof 66
last week of December in 1921 was extremely busy at the Philadelphia
Mint as it managed to strike just over 1 million 1921 Peace dollars
De Francisci’s high relief design was impractical for mass production,
so Chief Engraver George Morgan revised the high relief design and
prepared new 1922-dated hubs with a modified, lower relief.
Stack’s Bowers catalog entry cites Roger Burdette, who found that
Morgan took a 1921-dated hub and changed the date to 1922, while
making other more subtle changes.
cited in the auction catalog, Burdette opines, “Overall, these 1922
proofs — Morgan’s touched-up version — may be the best rendition of
the Peace dollar to leave the mint: they had sharp lettering, detailed
modeling of the hair and good delineation of the eagle. These were
likely first made during the last week of December but almost
certainly before January 8, 1922.”
Proof 1922 Peace, High Relief dollar was struck
multiple times on the Mint’s medal press to fully form the design elements.
Bowers' census in the catalog accounts for just 11 examples.
finest known is graded Proof 67 by Professional Coin Grading Service
and was offered in Ira & Larry Goldberg’s June 2014 pre-Long Beach
auction where it sold for $458,250. The example to be offered May 20
is graded PCGS Proof 66 and is illustrated multiple times in
Burdette’s 2005 book Renaissance of American Coinage: 1916-1921
and his 2008 book A Guide Book of Peace Dollars. It carries a
presale estimate of $250,000.