1928 $1 MS (PCGS#7373)
August 2021 ANA U.S. Coins Auction
- 拍卖行
- Stack's Bowers
- 批号
- 3410
- 等级
- MS64+
- 价格
- 12,439
- 详细说明
- 1928 Peace Silver Dollar. MS-64+ (PCGS). CAC.
This near-Gem offers solid technical quality and strong eye appeal. Dusted with pale gold and silver iridescence, the obverse contrasts somewhat with a more uniform antique silver reverse. Both sides are equally lustrous with a smooth, satiny texture that allows ready appreciation of a bold strike.
The 1928 has the lowest mintage in the Peace dollar series with just 360,649 pieces produced. An article in the February 1929 issue of The Numismatist led many to believe that this mintage was achieved solely to provide silver dollars for special cornerstone laying ceremonies:
"1928 Silver Dollar for Tammany Hall: An incident in connection with the arrangements for laying the cornerstone in the new Tammany Hall Building came to light with the last-minute receipt by registered mail from the director of the Mint in Washington, D.C., of a silver dollar dated 1928 to be included with the contents of the cornerstone.
"Martin Egan, secretary of Tammany Hall, had asked the Guaranty Trust Company to supply the silver dollar. The Guaranty had none of the 1928 coinage and applied to the Federal Reserve Bank, which was also just out of silver dollars of that date. The Trust Company then wired an application to the secretary of the Treasury in Washington, and the dollar was sent direct from the Mint, accompanied by the information that silver dollars of 1928 coinage are to be used exclusively for cornerstone laying and other dedicatory purposes."
A printing in the following month's issue of The Numismatist (also quoted in Q. David Bowers' 1993 silver dollar Encyclopedia) clarified the situation and confirmed what numismatists now know to be the real reason behind the limited mintage for the 1928. The combined mintage of both the Philadelphia and San Francisco mint issues of that year fulfilled the Mint's obligation to replace those silver dollars destroyed under the terms of the 1918 Pittman Act. The majority of the required coinage for the year was achieved at the San Francisco Mint (1,632,000 pieces), with far fewer examples produced in Philadelphia. With its limited mintage the 1928 has long enjoyed strong collector demand, and this premium quality MS-64+ is sure to perform especially well at auction.
PCGS# 7373. NGC ID: 257V.
Click here for certification details from PCGS.
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