The finest PCGS-certified 1922 Matte Finish High Relief Peace dollar, graded PCGS PR67, will be one of the featured exhibits in the official Museum Showcase display at the American Numismatic Association 2014 Chicago World’s Fair of MoneySM, August 5 – 9. Originally owned by a former United States Mint Director and recently acquired by collector Bob R. Simpson of Texas, the coin will be displayed courtesy of Simpson and Legend Numismatics of New Jersey.
“Only about 10 High Relief 1922 Peace dollars have been reported, and this example is the highest grade of the seven that have been certified by Professional Coin Grading Service. No finer example has been reported anywhere else,” said Don Wills, President of PCGS, a division of Collectors Universe, Inc.
The pedigree of this coin dates back to Raymond T. Baker who served as Director of the United States Mint from 1917 to 1922. The coin was passed down through generations of his family until this year.
Legend Numismatics President Laura Sperber obtained the coin for Simpson at the June 2, 2014 auction conducted by Ira & Larry Goldberg Coins & Collectibles in Beverly Hills, California where it sold for $458,250.
Simpson stated: “I consider this particular coin to be the ultimate Peace dollar. No other Peace dollar I am aware of has the history or is in the same state of preservation. It’s a coin that really needs to be displayed because it is such a treasure.”
The Peace dollar design was first introduced into circulation in 1921. It was designed by Anthony de Francisci who won a national competition conducted by the Commission of Fine Arts.
As explained on PCGS CoinFacts (www.PCGSCoinFacts.com), the original high relief of the dies created numerous problems for the United States Mint, including shortened die life and difficulties in bringing up the details with a single strike. The coins would not stack properly because of uneven thickness and raised “fins” on the rims.
Although the relief subsequently was lowered, a small number of 1922-dated Peace dollars were struck in high relief and today are highly prized by collectors.
The annual ANA World’s Fair of Money (www.WorldsFairOfMoney.com) convention will be held in the Donald E. Stephens Convention Center, 5555 N. River Rd., in the Chicago suburb of Rosemont, Illinois.
Since its founding in 1986, PCGS experts have authenticated and graded over 27 million coins with an estimated market value of $27 billion. For additional information about PCGS services, visit www.PCGS.com or call PCGS Customer Service at (800) 447-8848.