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:
1934-D Peace dollar, MS-65 CAC
One of the most sensational toned pieces in Larsen’s collection was
this 1934-D Peace dollar graded MS-65 by Professional Coin Grading
Service with a green Certified Acceptance Corp. sticker that sold for
$7,975. The obverse showcased brilliant centers and even
gold/green/orange color along the rims.
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The reverse has a rich range of indigo, amethyst, sunset tones and
just a smattering of untoned patches that create a tapestry-like
surface texture. This type of beautiful color is virtually never seen
on Peace dollars. More often than not, Peace dollars tone in rather
unattractive ways, with mottled gray and salmon pink or green/gold
color combinations, making those with gorgeous color especially
coveted by Peace dollar and toned silver dollar collectors.
Typical MS-65 examples of this date sell for $1,200 or so at
auction; this one sold for multiples of what a typical MS-66 example
might bring at auction.
There are more toned
Peace dollars to read about in this latest Market Analysis:
Peace dollar known for ugly toning, so Larsen Collection example a
1924 Peace dollar from the Larsen Collection
features ‘oil slick’ tones