Looking at the high points of a major, multi-consignor auction often
reveals many of the same types of rare and expensive coins: 1879 and
1880 Stella gold $4 patterns, rare Carson City and New Orleans Mint
Coronet $20 double eagles, flashy $50 Panama-Pacific International
Exhibition commemorative coins. But looking within the sale often
reveals more about the market, and its depth.
Here is one of my favorite coins that was offered at Heritage’s U.S.
coin auctions held Jan. 3 to 8 at the Florida United Numismatists
convention in Tampa:
1921 Peace dollar, Mint State 67
A 1921 Peace dollar graded Mint State 67 by PCGS sold for a very
strong $111,000 at Heritage’s January 4 Platinum Night auction. It is
tied with six other MS-67 coins as the finest graded at PCGS and had
an unusually strong strike for this often weakly-struck issue. The
entire mintage of 1,006,473 1921 Peace dollars started at the
Philadelphia Mint on Dec. 28 and ended on Dec. 31, 1921.
Collectors’ Clearinghouse author Mike Diamond
identifies a new kind of error.
Also inside this issue, protecting your paper money collection
from mold and advice for participating in online auctions.
Anthony de Francisci’s high relief design was ill-suited for mass
production. Most 1921 Peace dollars are weakly struck, with
ill-defined hair at Liberty’s ear. The relief was lowered in 1922 and
the 1921 Peace dollar, with its distinctive high relief, is often
collected as a one-year type coin.
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To put its hefty price in perspective, a different PCGS MS-67 1921
Peace dollar sold for $70,500 at Heritage’s 2015 American Numismatic
Association World’s Fair of Money auction, though that example had
more toning and a slightly weaker strike than seen on the subject coin.