Lot 958
1934 Peace Dollar. PCGS graded MS-64. Satiny luster appears for the first time with the issues of 1934 and 1935 after a five-year hiatus from 1929-33 when no Peace dollars were minted. These were issued as part of Pres. Roosevelts inflationary money printing which began in January 1934 after the price of gold had been revalued to $35 an ounce from $20 an ounce (meaning a devaluation in the competing paper dollar) (PCGS # 7375) .
Estimated Value $300 - 325.
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| Realized $293 |
