LOT Old Heritage Auctions  /  2007 Sept Long Beach Tokens & Medals Auction  / 

81436

1933 Pedley-Ryan Dollar, HK-824, MS61 NGC

Currency:USD Category:Coins & Paper Money Start Price:80.00 USD Estimated At:1.00 - 1,000,000.00 USD
1933 Pedley-Ryan Dollar, HK-824, MS61 NGC
<B>1933 Pedley-Ryan Dollar, HK-824, MS61 NGC.</B></I> Silver, 38.1 mm. The elusive Type Three variety (no date or 430 GRAINS on the reverse). Hibler-Kappen report in their 1963 treatise on so-called dollars that "fewer than 85 pieces were struck" of the HK-824 variety of Pedley-Ryan dollars. That minuscule production figure jibes perfectly with the NGC <I>Census Report</B></I>, which indicates that only 15 examples have been graded at all levels (8/07). When issued, the investment firm of Pedley-Ryan sold these large, one ounce rounds at the cost of three for a dollar and they were redeemable at the prevailing market value of silver. The public sale of these pieces was Pedley-Ryan's attempt to make a convenient market in silver and increase its popularity as a medium for speculation. The slug in this lot is lightly toned with a few scattered abrasions, commensurate with the assigned grade. Census: 2 in 61, 8 finer (8/07). <BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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