NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2005 Jan 11 @ 18:00UTC-8 : PST/AKDT
A beautiful example of Anthony De Francisci's new design and the only date available in high relief. George T. Morgan, Mint Engraver at the time and whose own design had been replaced by De Francisci's, lowered the relief of the electroplate model by hammering it with a flat board! The subsequent lower relief was used for the remaining issues of Peace Dollars, 1922 to 1935. Morgan elected to further cut down the relief by lessening the striking pressure on the coin presses, ostensibly to reduce die wear. In a similar fashion to the beautiful 1907 High Relief Double Eagles, De Francisci's beautiful 1921 was thus greatly modified to adapt it to normal coin production. Unfortunately, it is impractical to strike each coin with several blows from the dies to bring up the high relief. It is also not practical to increase striking pressure to the point where the dies wear rapidly and breakage occurs. As with other high relief designs, the mint had to compromise the artist's concept to meet the demands of efficient coin production.
This is one of the impressive (and extremely rare) Satin Finish Proofs of the first year of issue, a coin legendary among Silver Dollar collectors and one whose surface preservation is astounding to behold. Words escapes us when trying to translate the visual experience of studying it onto a computer, since only first-hand knowledge of all its beauty and variability of design and master workmanship can provide an understanding. But it is our task to paint in words a picture of this remarkable coin, and so we point to the photograph and ask you to trace along with us as well expound. First off, the strike is razor-sharp and unlike your typical production coin meant for circulation. Each hair strand is complete, each feather in the eagle's majestic body stands out fully. The field is slightly beveled (which is why it was impossible for George T. Morgan's technicians to polish it with the traditional "mirror finish" seen on Morgan silver dollar Proofs. Instead, he used a wonderful blend of satin and luster finish, leaving the hydraulic press (which undoubtedly was used to strike the coin) to do the rest. Morgan dollars required about 150 tons to the square inch of pressure to strike. Regular, low relief Peace Dollars of 1922-35 probably required somewhat less oomph. As for the high reliefs of 1921, no records seem to exist as to how much effort it took, but we can guess that it stressed the equipment and put undue strain on the dies to make such bold relief. This coin, like no others before it, belongs on a pedestal in the Numismatic Hall of a museum. Either that, or a connoisseur's own private portfolio museum of landmark coins. In closing, we give the NGC holder number for those who like to keep a close eye on all the remaining Proofs of this important 1921 High Relief year: 1775281-004.
Auction Location:
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| From (Incl.) | To (Excl.) | Premium |
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Infinite |
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SUPERIOR GALLERIES TERMS AND CONDITIONS OF SALE TERMS AND CONDITIONS OF SALE -- 1. This is a public auction sale conducted by bonded Auctioneers. The bonded Auctioneer is Superior Galleries, Inc. (hereinafter referred to as "Auctioneer" and at times as "Superior"). 2. Bidding in this sale constitutes acceptance by you of all the Terms and Conditions of Sale stated herein, ("Bidder).
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ALL ITEMS OFFERED IN THIS CATALOGUE ARE GUARANTEED TO BE AUTHENTIC. THIS IS A LIMITED WARRANTY THAT THE ITEM SOLD IS NOT COUNTERFEIT, THAT ITS DATE OR MINTMARK HAS NOT BEEN ALTERED, AND THE ITEM HAS NOT BEEN "REPAIRED." ANY OTHER WARRANTY IS EXPRESSLY DISCLAIMED; THERE IS NO REPRESENTATION OR WARRANTY THAT A NUMISMATIC ITEM HAS OR HAS NOT BEEN CLEANED; THAT ANY TONING IS NATURAL OR ARTIFICIAL; THAT ANY ITEM WILL MEET THE STANDARDS OR GRADE OF ANY INDEPENDENT GRADING SERVICE; THAT ANY ITEM HAS A PARTICULAR PROVENANCE OR PEDIGREE, OR THAT AN ITEM IS STRUCK OR PRODUCED IN A PARTICULAR STYLE. ANY STATEMENT CONCERNING THIS IS A MATTER OF OPINION ONLY. NO WARRANTY, WHETHER EXPRESSED OR IMPLIED, INCLUDING A WARRANTY OF MERCHANTABILITY IS MADE WITH RESPECT TO ANY GRADE DESCRIPTION OR VALUE, WHICH IS ONLY AN OPINION THAT IS LIKELY TO DIFFER, EVEN AMONG EXPERTS. PURCHASER HEREBY ASSUMES ALL RISKS CONCERNING AND RELATED TO THE GRADING OF A LOT.
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Notwithstanding anything to the contrary in these Terms and Conditions of Sale, and except as otherwise posted at the Auction Sale, COINS LISTED IN THIS CATALOGUE GRADED BY PCGS, NGC OR ANACS CACHET, OR ANY OTHER THIRD PARTY GRANTING SERVICE MAY NOT BE RETURNED FOR ANY REASON WHATSOEVER.
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26. If the auction invoice is not paid for in full when due per invoice terms, the unpaid balance will earn interest at the rate of one-and-one-half percent (1-1/2%) per month until it is paid in full. In the event this interest rate exceeds the interest permitted by law, the same shall be adjusted to the maximum rate permitted by law. Bidder agrees to pay all reasonable attorneys' fees, court costs and other collection costs incurred by Superior or any affiliated or related company to collect past due invoices. Superior reserves the right to assign its interest to any third party.
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28. It is the Bidder's responsibility and obligation to have the lots fully insured while in his or her possession. Bidder assumes any and all RISK OF LOSS while the lot(s) is in Bidder's possession.
29. If a dispute arises concerning ownership of a lot that has been bid upon, Superior reserves the right to commence a statutory interpleader proceeding at the expense of the Consignor and successful Bidder and any other applicable party, and in such event shall be entitled to its reasonable attorneys' fees and costs.
30. Superior reserves the right to postpone the auction sale or any session thereof for a reasonable period of time for any reason whatsoever. No Bidder shall have any claim as a result thereof, including incidental or consequential damages.
31. Neither Superior nor any affiliated or related company shall be responsible for incidental or consequential damages arising out of any failure of the Terms and Conditions of Sale, the auction or the conduct thereof and in no event shall liability for any such failure exceed the purchase price, premium, or fees paid.
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33. If the Bidder fails to comply with one or more of these Terms and Conditions of Sale, then, in addition to all other remedies which it may have at law or in equity, Superior may at its sole option, either (a) cancel the sale, retaining all payments made by Bidder as liquidated damages, it being recognized that actual damages may be speculative or difficult to compute, or (b) sell a portion or all of the lot(s) held by Superior, in a quantity sufficient in the opinion of Superior to satisfy the indebtedness, plus all accrued charges. More than one such sale may take place at the option of Superior. Notice of the sale shall be by U.S.P.S. Certified Mail, Return Receipt Requested to the address utilized on the Bid Sheet, Auction Consignment and Security Agreement or other last known address by Superior. Such sale will be at Superior's standard commission rates at public or private sale. The proceeds shall be applied first to the satisfaction of any damages occasioned by Bidder's breach, then to any other indebtedness owed to Superior, including without limitation, commissions, handling charges, the expenses of both sales, reasonable attorneys' fees, costs, collection agency fees and costs and any other costs or expenses incurred. Bidder is also liable to Superior if the proceeds of such sale or sales is insufficient to cover the indebtedness.
34. These Terms and Conditions of Sale and the auction shall be construed and enforced in accordance with, and governed by, the laws of the State of California, regardless of the location of the Auction Sale.
Bidder acknowledges and agrees that the competent courts of the State of California shall have exclusive jurisdiction over any dispute(s) arising hereunder, and Bidder hereby agrees that any dispute arising hereunder shall be litigated exclusively in the courts of the State of California, regardless of any party's current or future residence or domicile. Bidder further agrees that venue shall be in the Superior Court for Los Angeles County, in the State of California.
35. If any section of these Terms and Conditions of Sale or any term or provision of any section is held to be invalid, void, or unenforceable by any court of competent jurisdiction, the remaining sections or terms and provisions of a section shall continue in full force and effect without being impaired or invalidated in any way.