1921 Peace dollar Auctioned for $111,000

17 Jan 2018  Wed

Heritage’s U.S. coin auctions sold a 1921 Peace dollar, graded Mint State 67 for $111,000 between 3rd and 8th January at the Florida United Numismatists convention in Tampa.

The coin is one amongst the six other MS-67 coins. They are the finest of its type and feature a strong strike, unlike other issues which are weakly-struck. A total of 1,006,473 1921 Peace dollars were struck at Philadelphia Mint from 28th December 1921 to 31st December 1921.

The high relief design was a work of Anthony de Francisci and was not suitable for mass production. That’s the reason why most of these coins are weakly struck with not-so-defined hair at Liberty’s ear. From 1922, the relief was reduced. The high relief coins are collected as a one-year type.

A similar PCGS MS-67 1921 Peace dollar was sold for $70,500 at Heritage’s 2015 American Numismatic Association World’s Fair of Money auction. However, that coin had more toning and a slightly weaker strike than the recently auctioned example.

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