In an astonishing turn of events, a rare 1922-S Peace Dollar was recently unearthed from a long-forgotten coin album, capturing the attention of numismatists and collectors worldwide.
This exceptional coin, graded MS66, has been valued at $27,500, highlighting the enduring allure and value of historic U.S. coinage.
The Peace Dollar: A Symbol of Post-War Harmony
The Peace Dollar, minted from 1921 to 1935, was designed by Anthony de Francisci to commemorate the end of World War I and symbolize peace.
Featuring Lady Liberty on the obverse and a bald eagle clutching an olive branch on the reverse, the coin embodies the nation’s aspirations for tranquility and prosperity.
Discovery of the $27,500 Peace Dollar
The remarkable 1922-S Peace Dollar was discovered by a collector sifting through an inherited coin album. Upon professional evaluation, the coin was authenticated and graded MS66, a condition that significantly amplifies its value.
Given its rarity and pristine state, the coin has been appraised at $27,500, making it a prized addition to any collection.
Key Features of the 1922-S Peace Dollar
| Feature | Details |
|---|---|
| Year of Minting | 1922 |
| Mint Mark | S (San Francisco Mint) |
| Composition | 90% Silver, 10% Copper |
| Weight | 26.73 grams |
| Diameter | 38.1 mm |
| Edge | Reeded |
| Obverse Design | Lady Liberty |
| Reverse Design | Bald Eagle with Olive Branch |
| Mintage | Approximately 17.5 million |
| Estimated Value (MS66) | $27,500 |
Factors Contributing to Its High Value
Several elements contribute to the substantial valuation of this 1922-S Peace Dollar:
- Condition (MS66): Coins graded MS66 are considered to be in superb condition, exhibiting minimal marks and exceptional eye appeal.
- Rarity: While over 17 million were minted, few have survived in such high grades, making them highly sought after by collectors.
- Historical Significance: As part of the Peace Dollar series, it represents a pivotal era in U.S. history, enhancing its desirability.
Understanding Coin Grading and Its Impact
Coin grading plays a crucial role in determining a coin’s value. The Mint State (MS) grading scale ranges from MS60 to MS70, with higher numbers indicating better preservation.
An MS66 grade denotes a coin with very few imperfections, significantly increasing its market value.
The discovery of a $27,500 1922-S Peace Dollar in a forgotten coin album serves as a compelling reminder of the hidden treasures that may reside in our possessions.
For collectors and enthusiasts, it underscores the importance of preserving and evaluating historical coins, as they may hold significant monetary and historical value.
FAQs
What makes the 1922-S Peace Dollar particularly valuable?
Its high MS66 grade, combined with its historical significance and relative scarcity in such condition, elevates its value.
How can I determine the grade of my coin?
Professional grading services like PCGS or NGC can assess and certify your coin’s grade, providing an official evaluation.
Are all Peace Dollars valuable?
While many Peace Dollars hold value, those in higher grades or with unique features (like mint marks or errors) are typically more valuable.