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[L#0912] 1921 Peace $1 NGC MS67 Pop: 5/0

Currency:USD Category:Everything Else / Other Start Price:24,000.00 USD Estimated At:40,000.00 - 60,000.00 USD
[L#0912] 1921 Peace $1 NGC MS67 Pop: 5/0
The blazing silver-white surfaces are smooth from rim to rim with no carbon to report. Sharply struck and fully lustrous, both sides possess eye appeal to spare. Struck with exactitude by the dies with the only softness found at the lower hair waves just above Liberty's ear. On the reverse, the eagle is full with the exception of a few rounded feathers near the juncture of the leg and wing. An utterly spectacular example of this popular type, and destined for the Finest Peace Dollar collection of them all!

A fantastic example of Anthony De Francisci's beautiful new design and the only date generally 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 George T. Morgan, Mint Engraver at the time and whose own design had been replaced by De Francisci's, lowered the relief of the electroplate model after 1921 by hammering it with a flat board!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 explains the importance and predominance of 1921 High Relief Peace Dollars, and their ability to elicit awe and to raise eyebrows when found in top quality like this. (Housed in NGC holder 1816776-010.)