On August 3 1964 legislation was enacted authorizing 45 million new silver dollars to be minted. In May 1965 the White House finally ordered some to be struck and the Denver Mint soon minted 316,076 of the coins which carried a 1964 date and the resurrection of the Peace dollar last minted from 1921-1935.
Shortly after this mintage, an order went out to destroy them. The Treasury Department claims every single coin was accounted for and melted. None have ever appeared since then.
Sculptor Daniel Carr's overstrike "1964-D" Peace dollar is a beautiful and faithful rendition of the original. And since these are over-struck on genuine 1922 to 1935 Peace silver dollars, they are correct in every detail, weight, metal composition, size, edge reeding, etc.
All the over-strikes were even performed using a surplus Denver Mint coin press. An issue numbering 1964 total coins was struck with die pair #5 in 2010. This was done to MS 63 quality standards. Another issue numbering 1964 total coins was struck using die pair #6. These met MS 68 quality standards because of their individual handling.
I understand that some evidence of the underlying host coin design will occasionally show up somewhere on the coin, such as forehead, front of neck, back of neck, and/or eagle's shoulder. I've seen a few of these and the coins are so well done that finding any flaw is difficult. I own one and it is absolutely stunning. I see no flaws in it whatsoever.
Interestingly, if you claim to own an original 1964 Peace dollar, you would be in violation of the law. But this version is LEGAL (though not legal tender) and is not required to carry a "COPY" inscription, because these aren't copies of Peace dollars. They are privately minted over-strikes on authentic Government Issue Peace silver dollars. According to the US Treasury, no 1964 Peace silver dollars exist, therefore they can't be copied.
If you own one of these coins, you assume the responsibility to provide full disclosure of its origin when selling. Failure to provide potential buyers with complete and accurate information when offering these coins for sale could result in fraud charges. Don't even consider claiming these as original 1964-D Peace silver dollars!
The low mintage makes these coins truly rare. I find surprisingly little interest in them and their market price reflects that. They typically sell for $300 to $400. I'm guessing that not many people know about this special coin. To me, it completes my Peace dollar collection.
What It Means to Start Investing in Gold Guidelines For Investments In Silver Buying World Coins With Confidence - (Do You Desire More Information on the Coins You Love?) Do You Own Mint Packaged or Graded Coins? China Is Producing Knock-Offs of These Too
0 comments:
Post a Comment