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1922-S Peace $1 NGC MS61

Currency:USD Category:Coins & Paper Money / US Coins Start Price:299.00 USD Estimated At:NA
1922-S Peace $1 NGC MS61
1922-S Peace Dollar. NGC graded Mint Error MS-61. Evenly toned. The broadstruck error coin happens when a coin is struck without the collar present to form the rim that is part of the coin shape. The reason for the lack of the collar is very simple. In all coinage presses used in the U.S. Mints, the bedplate in which the collar is located is mounted on springs. This allows the bedplate and collar to retract and "give" if an accident should occur. The accident would be one where the dies slam down against the collar or against a jam-up of blanks which would cause excessive resistance to the downward motion of the hammer dies in a regular down stroke. If the collar was rigidly mounted there would be quite a bit of mechanical damage created in such an accident. This is an integral part of the design of the press.

In one situation, the collar may jam down on the lower die shaft so that the top of the collar is level with the die face. When this happens, the blank being fed into the collar will not be controlled by the collar. when struck, that blank will spread and distort outward because the collar isn't in the correct position to retain it.

This spread coin is the broadstruck error coin. Its characteristics will be that it is larger in diameter than a normally struck coin (one with a regular rim). The edges will have the shape of the blank (PCGS # 7359) .
Estimated Value $600 - 700.