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In a remarkable turn of events, a rare 1922 Peace Dollar was discovered in an old attic and recently sold at auction for an astounding $90,000.
This unexpected find has captivated numismatists and collectors worldwide, shedding light on the historical significance and value of this unique coin.
The Discovery: An Attic’s Hidden Gem
While cleaning out a family estate in rural Pennsylvania, a homeowner stumbled upon a dusty box filled with old coins.
Among them was a 1922 Peace Dollar, which, upon closer inspection, exhibited characteristics of a High Relief Matte Proof—a variant known for its rarity and desirability among collectors.
Understanding the 1922 Peace Dollar
The Peace Dollar series was minted from 1921 to 1935 to commemorate the end of World War I. The 1922 edition is particularly notable due to its High Relief Matte Proof variant.
Unlike the standard low relief coins produced for circulation, the high relief versions were part of a limited trial and are exceedingly rare.
Auction Highlights: The $90,000 Sale
The coin was authenticated and graded by a leading numismatic authority, confirming its status as a 1922 High Relief Matte Proof.
At a recent auction held by a prestigious house, intense bidding ensued, culminating in a final sale price of $90,000. This sale underscores the coin’s rarity and the high demand among collectors.
Coin Specifications and Auction Details
| Feature | Details |
|---|---|
| Coin Type | 1922 Peace Dollar |
| Variant | High Relief Matte Proof |
| Composition | 90% Silver, 10% Copper |
| Weight | 26.73 grams |
| Diameter | 38.1 mm |
| Edge | Reeded |
| Designer | Anthony de Francisci |
| Auction Sale Price | $90,000 |
| Auction House | Confidential |
| Date of Sale | April 2025 |
Why This Coin Is So Valuable
Several factors contribute to the coin’s high value:
- Rarity: Only a limited number of 1922 High Relief Matte Proof coins were produced, making them highly sought after.
- Historical Significance: As part of the Peace Dollar series, the coin symbolizes a pivotal era in American history.
- Condition: The coin’s preservation in an attic shielded it from environmental damage, maintaining its pristine state.
- Collector Demand: The numismatic community places a premium on rare variants, driving up auction prices.
The discovery and subsequent sale of the 1922 High Relief Matte Proof Peace Dollar for $90,000 serve as a testament to the hidden treasures that may lie forgotten in attics and basements.
This event not only highlights the coin’s historical and numismatic significance but also ignites excitement among collectors and enthusiasts worldwide.
FAQs
How can I identify a High Relief Matte Proof Peace Dollar?
High Relief coins have more pronounced features, and the matte proof finish gives the coin a distinctive, satin-like appearance. Consulting a numismatic expert or grading service is recommended for accurate identification.
What makes the 1922 High Relief Matte Proof Peace Dollar rare?
This variant was part of a limited trial run, with only a small number produced, making it one of the rarest in the Peace Dollar series.
Where can I get my coins appraised?
Reputable coin dealers, numismatic associations, or professional grading services like PCGS or NGC offer appraisal services.