Peace Silver Dollar
1934-S Peace Silver Dollar. MS-66 (PCGS). CAC.
This is a simply outstanding premium Gem example of the leading condition rarity in the Peace dollar series. The softly frosted surfaces are brilliant with full mint luster. The central striking detail is very sharp for a San Francisco Mint Peace dollar, and the definition is full elsewhere. This coin is nearly pristine and offers exceptional eye appeal. After a six year hiatus, the silver dollar resumed production at all three mints in 1934 for a two-year run before the denomination would be suspended again, this time effectively permanently. The San Francisco Mint coined 1,011,000 silver dollars in 1934 and many went directly into circulation in the West where the denomination was not as unusual in daily use as it was in the East. For many years, the 1934-S went largely ignored by much of the numismatic world and was considered just an "ordinary" Peace dollar through much of the 1940s and 1950s. They could be bought in quantity for face value plus shipping expenses (though not in bag quantities) under the presumed impression that bags of the issue were still in storage at the San Francisco Mint and local banks. Once the Treasury Department started paying out silver dollars in bulk, the true rarity of the 1934-S was realized. No more than a couple thousand examples were ultimately released and soon the issue was listed as a desirable key date, a status it retains to this day. The 1934-S is not the rarest Peace dollar at the Gem Mint State level -- the 1923-S, 1924-S, and 1928-S are scarcer -- but it is the rarest in terms of total number of Uncirculated coins extant. As a key to the series, the 1934-S is one of the most popular Peace dollars and is in constant demand. The acquisition of an MS-66 specimen, as here, is a noteworthy achievement.
PCGS# 7377. NGC ID: 257Z.
PCGS Population: 34; 6 finer (all MS-66+). CAC Population: 16; 0.
From the Larry H. Miller Collection.
Estimate: $27000