Market Analysis: Significant errors on Peace dollars

A double struck 1921 Peace dollar graded AU Details, Reverse Scratch sold for $8,400, while a 1922 Peace dollar with a significant obverse and reverse struck through error sold for $552, both at Stack’s Bowers.

Images courtesy of Stack's Bowers Galleries

Two significant errors on Peace dollars were offered in sequence at Stack’s Bowers Galleries’ Nov. 21 Showcase Auction. A 1921 Peace dollar struck in the first-year type’s distinctive high relief was graded Numismatic Guaranty Co. as About Uncirculated Details, Reverse Scratch. It featured a significant double strike: it was struck, then the struck coin rotated in the collar by about 10 degrees and was struck again. The doubling is evident at the peripheral lettering. A singular pin scratch on the reverse resulted in the Details grade. It realized $8,400. 

Bringing $552 was a 1922 Peace dollar certified by NGC as an obverse and reverse struck through U.S. Mint error. A bit of luster remained, and Stack’s Bowers explained, “Both obverse and reverse dies filled with grease, dirt, and other industrial detritus prior to the striking of this coin, lodging itself into the recesses, thus obliterating much of the central high points and the peripheral detail on the obverse mostly, but creating weakness on the reverse as well.”

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