05/10/10 David Hall Coin Market Comments – PCGS – Professional Coin Grading Service
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Question by Theodore Macmahon: what price guide grade would GBU be for a 1926s Peace Dollar?I recently acquired a 1926s Peace dollar in GBU condition (gem brilliant uncirculated). However, the price guide I use doesn’t list that grade. It lists about uncircutaled 50 (AU50), mint state 60, (MS60), mint state 63 (ms63), mint state 64 (ms64)and mint state 65 (ms65). there is a price range of $ 18.50 for this coin in au50, $ 44 in ms60, $ 110 in ms63, $ 250 in ms 64 and $ 1225 in ms65, and I’m trying to figure out which one I have. I’m willing to bet I don’t have the ms65.
Best answer:
Answer by gladiolusThe Peace Dollar is a silver United States dollar coin minted from 1921 to 1928, then again in 1934 and 1935. Early proposals for the coin called for a commemorative issue to coincide with the end of World War I, but the Peace Dollar was issued as a circulating coin.
Designed by Anthony de Francisci, the Peace Dollar was so named because the word PEACE appears on the bottom of the coin’s reverse. It contains 0.77344 troy ounces of silver, and was the successor to the Morgan Dollar, which had not been regularly minted since 1904. With the passage of the Pittman Act in 1918, the mintage of dollar coins was enabled to start again. Prior to the design and acceptance of the Peace Dollar, the Morgan Dollar was minted again in 1921.
After a six-year pause in minting, the Peace Dollar was again minted in 1934 and 1935. It was minted briefly in 1965 (dated 1964), but no examples of this issue were ever released to the public and the entire mintage was melted. the Peace Dollar is the last silver dollar minted for circulation in the United States.
History[edit] Inspiration
The original inspiration for the Peace Dollar was a paper published in the November 1918 issue of the Numismatist, the magazine of the American Numismatic Association. in it, editor Frank G. Duffield called for a commemorative coin to mark the impending end of World War I. the paper was to be presented at the summer 1918 convention. the convention was cancelled due to the Spanish flu pandemic.[1] Duffield’s paper stated that:
“an event of international interest, and one worthy to be commemorated by a United States coin issue, is scheduled to take place in the near future. the date has not yet been determined, but it will be when the twentieth century vandals have been beaten to their knees and been compelled to accept the terms of the Allies… It should be issued in such quantities that it will never become rare, and it should circulate at face value.”[1]
The theme for the proposed coin was elaborated upon at the Chicago ANA convention of August 1920. A paper written by Farran Zerbe called for a coin that would showcase the ideals of democracy, liberty, prosperity, and honor. the proposal called for either a half dollar or dollar, in order to provide as much space as possible for the design.
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