While Morgan silver dollars often exhibit gorgeous toning, rainbow
colors are less likely seen on the Peace dollar.
GreatCollections recently sold dealer Dale Larsen’s collection of
toned Peace dollars, and the online auctioneer’s president, Ian
Russell, said, “It’s always a privilege to sell a well-known
numismatic dealer’s personal collection. Dale put together his toned
collection over 20+ years and it shows,” before adding, “Peace Dollars
are notoriously difficult to find attractively toned.”
Here is one of three toned Peace dollars from the Larsen Collection
that caught my eye for this week's Market Analysis:
1924 Peace dollar, MS-64 CAC
A normal, brilliant 1924 Peace dollar graded Mint State 64 is a
common coin, typically selling for around $50. On Aug. 21 four bidders
chased this coin past the $2,000 mark on its way to a final price of
$2,751.10. The coin is graded MS-64 by PCGS with a green CAC sticker.
The obverse features deep “oil slick” coloration of rich magenta,
azure blue, gold and smoky charcoal colors.
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The price was extraordinary for a coin that has few visual equals.
There are many theories as to why Peace dollars don’t tone as Morgan
dollars do, but none of these theories has emerged as a dominant one,
and intensely toned Peace dollars remain very rare.
There are more toned
Peace dollars to read about in this latest Market Analysis:
Sensationally toned 1934-D Peace dollar
highlights the Larsen Collection
1921 Peace dollar known for ugly toning, so Larsen
Collection example a pleasant surprise