1934-S Peace Silver Dollar. MS-65 (PCGS). CAC.

Here is a delightful and highly desirable Gem Mint State example of this key date Peace dollar. Frosty in finish with a sharply executed strike, both sides are enhanced by intense mint brilliance. After a six year hiatus, the silver dollar resumed production at all three mints in 1934 for a two-year run before the Peace dollar would be suspended again, this time permanently. The San Francisco Mint coined 1,011,000 silver dollars in 1934 and many coins went directly into circulation in the West where the denomination was more familiar in daily use than in the East. For many years, the 1934-S went largely ignored 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 presumption that bags remained 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 were ultimately released and soon the coin 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 MS-65 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 dates and is in constant demand. The present Gem will be just right for many advanced collections.

PCGS# 7377.

Estimate: $ 10000