Lot 1372
1928-S. NGC graded MS-65. A very presentable Gem white coin. This lustrous example displays a vivid wintry blast of white color that undulates and billows across the near-pristine surface like a Himalayan avalanche. Such, then, for luster. Turning to the other key factor when assessing a scarce 1928 Peace Dollar struck in San Francisco, this handsome coins shows just how desirable it is with a meticulous, indeed a very sharp strike.
Why was this 1928 production run followed by a five year hiatus when the Mints struck no more Peace Dollars? Beginning in 1921, the US Treasury was required to replace all 270 million Morgan Dollars melted under the terms of the Pittman Act of 1918. By 1928, this order had been fulfilled. Mint officials, who were never happy with the politically motivated issuance of large numbers of Silver Dollars anyway, happily ceased striking them at Philadelphia and San Francisco as soon as possible. Production did not begin again until 1934 (under terms of a new enactment). Pop 40; 1 finer in 66.
Estimated Value $10,000 - 12,000.
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| Realized $14,100 |
