An 1877-dated silver oval Rutherford B. Hayes Indian Peace medal purported
to have been presented by the U.S. Mint to Hayes' wife, Lucy, is
offered in Early American's April 25 online sale.
The medal, attributed as Julian IP-43 (as detailed by R.W. Julian in
Medals of the United States Mint: The First Century 1792-1892),
was designed and engraved by U.S. Mint assistant engraver George T.
Guaranty Corp. certified and encapsulated the 60-millimeter by
76-millimeter medal as "Genuine." Early American describes
the medal's condition as "Very Choice About Uncirculated."
The auction lot description suggests the medal may be the example
presented to Mrs. Hayes in May 1879 by the Mint. The medal is
identified as the only example known of the type, bearing the date
1877 below the inscription PEACE at the top of the reverse.
Although the piece offered is considered an official U.S.
Mint-struck silver Indian Peace medal, no silver examples of the Hayes
medal were ever struck for presentation to Native American Indians.
Hayes medals were the first issue to be struck in oval format since
the Washington oval Indian Peace medals of the late 18th century.
Between Washington and Hayes, the Indian Peace medals struck for
presentation to Native American Indians were round.
The medal carries a pre-sale estimate of $50,000 to $60,000.