In a remarkable turn of events, a rare 1921 Peace Dollar was unearthed from an old coin album and subsequently sold for a staggering $50,000 at auction.
This discovery has reignited interest among numismatists and collectors, highlighting the enduring allure of this historic coin.
The 1921 Peace Dollar: A Brief Overview
The 1921 Peace Dollar holds a special place in American numismatic history. Designed by Anthony de Francisci, this coin was minted to commemorate the end of World War I and symbolize peace.
Notably, the 1921 issue was the only one struck in high relief, making it distinct from subsequent years.
Key Features:
- Design: Obverse features the profile of Lady Liberty; reverse showcases a perched bald eagle clutching an olive branch.
- Composition: 90% silver, 10% copper.
- Weight: Approximately 26.73 grams.
- Diameter: 38.1 mm.
- Mintage: Approximately 1,006,473 coins minted in 1921.
Discovery and Sale
The coin in question was discovered by a collector while examining an inherited coin album. Recognizing its potential value, the collector had it authenticated and graded by a reputable coin grading service.
The coin’s exceptional condition and rarity contributed to its impressive auction price of $50,000.
Factors Influencing the Value
Several factors contributed to the high valuation of this particular 1921 Peace Dollar:
- High Relief Design: The 1921 issue’s high relief design was unique to that year, making it a sought-after piece among collectors.
- Low Mintage: With just over a million coins minted, the 1921 Peace Dollar is relatively scarce.
- Condition: Coins preserved in excellent condition, especially those graded MS-65 or higher, command premium prices.
- Historical Significance: As the first Peace Dollar issued, it holds significant historical value.
Comparative Auction Prices
To provide context, here are some notable auction results for the 1921 Peace Dollar:
| Grade | Auction Price | Auction House |
|---|---|---|
| MS-67 | $132,000 | Stack’s Bowers |
| MS-66 | $49,200 | Heritage Auctions |
| MS-65 | $50,000 | Recent Discovery |
Note: Prices vary based on coin condition, rarity, and market demand.
The discovery and subsequent sale of this 1921 Peace Dollar underscore the potential treasures hidden in old coin collections.
For collectors and enthusiasts, it serves as a reminder of the historical and monetary value that such coins can hold.
As interest in numismatics continues to grow, the allure of rare coins like the 1921 Peace Dollar remains undiminished.
FAQs
Why is the 1921 Peace Dollar considered rare?
The 1921 Peace Dollar was the only issue struck in high relief, and with a relatively low mintage, it stands out as a unique and scarce coin in the series.
How can I determine the value of my Peace Dollar?
The value depends on factors like mint year, mint mark, condition, and rarity. Consulting a reputable coin grading service or numismatic expert can provide an accurate assessment.
What makes a coin’s condition so crucial in determining its value?
The condition, or grade, reflects a coin’s preservation state. Higher-grade coins exhibit minimal wear and retain more of their original features, making them more desirable and valuable to collectors.