Lot 2840
1922 Low Relief. NGC graded Matte Proof 65. These were not known to Breen and are not reported in his Proof or regular encyclopedias. Two of these turned up in the massive Norweb sale by Bowers and Merena in 1988. Both apparently came from the collection of Ambrose Swasey, a member of the Assay Commission at the time. It appears that George T. Morgan coined two pieces in this matte finish specifically at the request of Swasey. This coin was from Lot #3933 in the Norweb Sale. Although 4 are reported in the NGC census, there may be one reported twice, this coin is listed under "Norweb/Lee" (one of 2 graded Proof 63 and this coin as 65), then below as "Matte Low Relief" as Proof 65, since this is one of two Norweb coins it is reasonable to assume that someone sent it back for a possible upgrade, keeping the known population at 3 coins. Milky white in color, and an outstanding gem in every way. Free of toning and a beautiful example in every respect.
This is the key to the set of Matte and Satin Finish Proof Peace Dollars. This coin is not reported in the Breen Proof Encyclopedia or in his primary United States coin encyclopedia. It is one of two believed made for Ambrose Swasey, a member of the Assay Commission, and the only coin so graded as a matte proof with the production style lower relief used for 1922 and later Peace Dollars. To have a complete set of proofs, the 1922 low relief matte proof must be obtained! Estimated Value $75,000 - 85,000
|
| |
| Realized $74,750 |
