1067

Lot 1067 - 1925-S Peace Dollar NGC MS64

Currency:USD Category:Coins & Paper Money Start Price:250.00 USD Estimated At:500.00 - 600.00 USD
Lot 1067 - 1925-S Peace Dollar NGC MS64
1925-S Peace Dollar. Bright snow-white surfaces with a change to more subtle sheen in areas, the 1921 issue is from an entirely new hub and master die, which imparted different luster than the 1904 and earlier Morgan dollar dies. There wasn't supposed to be a Morgan silver dollar made this year, but delays in preparing the new Peace design forced the mint to concoct a workaround until the new design was ready. (Morgan dollar production resumed on the very same day, May 9, 1921, that legislation was finally introduced in Congress calling for the issuance of a new silver dollar marking the postwar peace. The rush to coin Morgan dollars dated 1921 related to a section of the 1918 Pittman Act, which required new coinage to replace those dollars melted under the Act. Typical acts of governance: melt 350 million silver dollars and then strike new ones to replace them! Thus was born the 1921 Morgan and subsequent Peace dollar series.) (#7356)<p><i>The Franklin Dean Collection</i>