1809 James Madison Indian Peace Medal. Bronze. First Size. Julian IP-5, Prucha-40. First Reverse. MS-65 BN (NGC).
76 mm. Rich chocolate-brown surfaces with nuances of olive and light mahogany mottled across the reverse. Sharp and pleasantly prooflike through the fields, a texture broken only by tiny patches of die rust or spalling that formed on these original dies between the issuance of the silver medals (starting in 1814) and these later impressions for collectors that were probably largely struck in the 1850s or later. Virtually mark-free aside from a few faint lines in the fragile fields. A superb specimen to represent the type and rarely seen this nice.

Estimate: $800