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Longstrider's Blog

11 Feb 2018

OLD DAWG BUT NOT A DEAD DOG!

Coins | Longstrider

   The other day my wife and I were at our coin guy just looking around to see what was new. He had quite a few new items as we hadn't been there since November due to my wife's accident and surgery. I was checking out the raw Peace Dollars as we needed a ridiculously expensive 1934 D. While my heart was trying to recover, my wife spotted a 1921 low grade she fell in love with. Keep in mind we have 2 Dansco Albums that would take these. Fortunately or unfortunately for me, both had '21 Peace Dollars in them. Now I totally understand the concept of a coin talking to you. This coin talked to her. It had been rated as a nice Low Ball VG-8. I wanted my '34 D. I wasn't in love with this coin but the more I looked at it the more I saw what she saw. I could go on but as all the men know we bought the '21.. Surprise, surprise we bought the 1934 D also. Win, Win!!! Our coin guy loves us. At least my wife. Truthfully, he is the greatest dealer I have ever met. We also bought a 1971 Canadian Bicentennial. Very nicely toned. She wanted it. And why not??? As you can see in the photos, this coin has seen a lot of use. What did it purchase? You tell me. I dare you..

   Now for Peace Dollar facts. The designer was the famous Italian Anthony de Francisci. Who, at the time, was a professional sculptor in New York City. His model for Miss Liberty was his beautiful young wife Theresa. He was so taken by her observing the Statue of Liberty, on their way to Ellis Island, that he was inspired to try to capture that expression on the coin. Originally the 1921's were very high relief, but that didn't workout for real life. They were reduced to a lower relief circulation strike. The coin weighs 26.73 g.. It has a diameter of 2.86 mm. This particular coin has retained its weight at a slim 26.68 of 90 % silver.

   All in all, I now see what my wife saw. She's a beauty. So is the Peace Dollar. If only she was toned I'd pay quite a bit more for her. The coin! Toning is my weakness. Unfortunately, Peace Dollars typically don't tone as well as Morgan's. Not even close! So, in closing, do you see the beauty and value in this coin? It's O.K.. They are not for everyone! Thanks for looking and please feel free to comment. Hopefully the photos show some of her qualities! Thanks for your time!!

SOURCED: A Guide Book of PEACE DOLLARS: Official Red Book by Roger W. Burdette

 

A Buyers Guide to SILVER DOLLARS & TRADE DOLLARS

 

1st EDITION MEGA RED

Comments

Kepi

Level 6

I love this "Old Dawg!" It definitely has alot to say...

Michael Marotta

Level 4

The coin was probably someone's good luck piece, a pocket piece. There is no other easy reason for the wear. These coins hardly circulated at all. I have a Morgan about like that. The fact is that the so-called Peace Dollar was proposed by Frank G. Duffield, in November of 1918 in his editor's column of The Numismatist. Crediting Zerbe with the proposal is one of the unkillable falsehoods in American numismatics. The ANA honored Frank G. Duffield with a Farran Zerbe Award, in part, for first proposing a coin to commemorate the Victory over Imperial Germany. Frank Duffield originally prepared his comments for the ANA annual convention, scheduled for Philadelphia in 1918. That event was cancelled because of the influenza epidemic on the East Coast which eventually took 100,000 lives in the USA and several millions more worldwide. Farran Zerbe's rubberstamp call for a coin commemorating the defeat of Germany came two years later at the 1920 Convention in Chicago. Zerbe was not actually there. He was in California. His letter was read to the assembly by ANA president Moritz Wormser. Both Duffield and Zerbe were more interested in honoring the VICTORY than the peace. Neither Duffield nor Zerbe wanted the word "peace" merely stamped on a coin. Everyone wanted an allegorical or symbolic design (like the Panama-Pacific coins) to celebrate Victory and perhaps also Peace. In fact, the reverse we have today was hurried out by George Morgan and it drew a lot of criticism in the pages of the Numismatist. Among those who wrote about their disappointment were the coin's designer Anthony de Francisci as well as Farran Zerbe. One story that continues today is that George Morgan did not like the high profile of the 1921 issue and flattened the galvanic original by whacking it with a wooden board.

Longstrider

Level 6

That's nice. We just liked the coin. Thanks!

CoinLady

Level 6

I don't think I've ever seen a Peace $1 that worn. It's a wonderful coin, the 1st Peace $1.

Conan Barbarian

Level 5

i agree that despite the wear it is still a great coin thanks for sharing

World_Coin_Nut

Level 5

Those beauties stayed in circulation for a long time. Makes you wonder what stories they could tell.

user_9894

Level 4

You are correct about the toning, though I have seen a couple that were almost black.

Mike

Level 7

You did very well that tone is the way they tone it's a brown. I wish I knew why. Well they talked and you listened. Congratulations on two nice pick ups enjoy them.Mike.

Despite the wear the coin still shows high relief. A beauty no matter what.

"SUN"

Level 6

It is always nice to add something to your collection, no matter the grade. Nice outing and blog.

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