1964 Peace Dollar - PCGS Reward $10,000
Nickcap
Posts: 977 ✭
1964 Peace Reward
PCGS will pay a $10,000 reward just to see an authentic 1964-D Peace Dollar, a historic coin that was eagerly anticipated by collectors a half century ago, but never officially released into circulation.The 1964-D Peace Dollar is the most controversial and one of the most famous of all modern issues and number one on the PCGS Top 100 U.S. Modern Coins list. That's why PCGS is offering a $10,000 cash reward just to view in person and verify a genuine 1964-D Peace Dollar.If you can show us one, you'll receive a $10,000 REWARDand be the proud owner of arguably the most famous of all U.S. modern coins.If you think you have a real 1964-D Peace Dollar, please submit the coin to PCGS for authentication, and we will determine whether it's authentic. In order to claim the reward, you must have an authentic example of a 1964-D Peace Dollar as verified by PCGS. The final decision rests with PCGS and its experts."Mint records indicate 316,076 1964-dated silver Peace dollars were struck at the Denver Mint in May 1965, but they were all were supposed to be destroyed," said Don Willis, President of PCGS.The 1964 Peace dollars incorporated the same design created by sculptor Anthony de Francisci for the familiar Peace dollars issued from 1921 to 1935."Under August 1964 federal legislation, the Mint was supposed to strike 45 million new Peace dollars. When an official announcement was made in May 1965 that production had started, some coin dealers advertised that they'd pay $7.50 each to purchase them. Critics in Congress complained because there was already a coin shortage at the time. So the Mint halted production when it appeared the silver dollars would not circulate as intended but would instead be hoarded," PCGS CoinFacts™ President Ron Guth explained.Eva Adams, the U.S. Mint Director at the time, said the 316,076 1964-D dollars that had been struck were classified as trial strikes and all were melted. But it has been speculated among numismatists that a few examples might remain. If you can show us one, you'll receive a $10,000 reward, and be the proud owner of arguably the most famous of all U.S. modern coins.
PCGS will pay a $10,000 reward just to see an authentic 1964-D Peace Dollar, a historic coin that was eagerly anticipated by collectors a half century ago, but never officially released into circulation.The 1964-D Peace Dollar is the most controversial and one of the most famous of all modern issues and number one on the PCGS Top 100 U.S. Modern Coins list. That's why PCGS is offering a $10,000 cash reward just to view in person and verify a genuine 1964-D Peace Dollar.If you can show us one, you'll receive a $10,000 REWARDand be the proud owner of arguably the most famous of all U.S. modern coins.If you think you have a real 1964-D Peace Dollar, please submit the coin to PCGS for authentication, and we will determine whether it's authentic. In order to claim the reward, you must have an authentic example of a 1964-D Peace Dollar as verified by PCGS. The final decision rests with PCGS and its experts."Mint records indicate 316,076 1964-dated silver Peace dollars were struck at the Denver Mint in May 1965, but they were all were supposed to be destroyed," said Don Willis, President of PCGS.The 1964 Peace dollars incorporated the same design created by sculptor Anthony de Francisci for the familiar Peace dollars issued from 1921 to 1935."Under August 1964 federal legislation, the Mint was supposed to strike 45 million new Peace dollars. When an official announcement was made in May 1965 that production had started, some coin dealers advertised that they'd pay $7.50 each to purchase them. Critics in Congress complained because there was already a coin shortage at the time. So the Mint halted production when it appeared the silver dollars would not circulate as intended but would instead be hoarded," PCGS CoinFacts™ President Ron Guth explained.Eva Adams, the U.S. Mint Director at the time, said the 316,076 1964-D dollars that had been struck were classified as trial strikes and all were melted. But it has been speculated among numismatists that a few examples might remain. If you can show us one, you'll receive a $10,000 reward, and be the proud owner of arguably the most famous of all U.S. modern coins.
Morgan Everyman Set
Member, Society of Silver Dollar Collectors.
Looking for PCGS AU58+ 1901-P, 1896-O, & 1894-O
Member, Society of Silver Dollar Collectors.
Looking for PCGS AU58+ 1901-P, 1896-O, & 1894-O
0
Comments
Empty Nest Collection
I'm actually surprised that PCGS is offering a reward to authenticate a coin that is illegal to own.
<< <i>Hmmm, $10K to the winner, and a free pair of bracelets courtesy of the Secret Service. >>
Why would they need to know about it? Do you really think that PCGS would brag it to the world?
<< <i>That $10k won't cover the lawyer fees to get that coin back.
I'm actually surprised that PCGS is offering a reward to authenticate a coin that is illegal to own. >>
One has to assume and be assured that it is OTR.
Read forum member "Gritsman"s book Cartwheel, it's all in there...
Well, just Love coins, period.
<< <i>That $10k won't cover the lawyer fees to get that coin back.
I'm actually surprised that PCGS is offering a reward to authenticate a coin that is illegal to own. >>
This might sound like a silly questions, but do you really think that PCGS would turn it over to the authorities? Could they just decide to mail the coin back to you, and then claim confidentiality with the gov't? If they can't, then yeah, this advertisement makes little sense.
Interests:
Pre-Jump Grade Project
Toned Commemoratives
Imagine if a dealer could make $30 a pop on every copper-plated '43 steel cent that walked through his door!
Great publicity for the '64, great publicity for CU, and probably a lil' spin for the DCARR pieces, too. It's a win-win-win!
--Severian the Lame
<< <i>
<< <i>That $10k won't cover the lawyer fees to get that coin back.
I'm actually surprised that PCGS is offering a reward to authenticate a coin that is illegal to own. >>
This might sound like a silly questions, but do you really think that PCGS would turn it over to the authorities? Could they just decide to mail the coin back to you, and then claim confidentiality with the gov't? If they can't, then yeah, this advertisement makes little sense. >>
Why not just meet in a discreet place, let them look at it and go your separate ways? No real need to document it IMO. Even if I had one, there is NO WAY that I would ever ship it.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>You guys are working on the assumption that such a coin exists which I doubt very much. It is a great way for PCGS to get some free publicity in the numismatic press and possibily in the non-numismatic press as a human interest type of story. >>
It's not that it may/may not exist, it's that it's illegal to possess. PCGS is freely admitting that they are willing to receive stolen property. What if they worded it like this:
Dear criminals, we at PCGS would like to congratulate you on your crime and would like to authenticate your stolen coin. We are aware that we at PCGS will be in possession of stolen material during the time we are authenticating it.
...i thought that i read somewhere that LBJ was given a few. i wonder if his heirs are reading this thread?
Lance.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
<< <i>...i thought that i read somewhere that LBJ was given a few. i wonder if his heirs are reading this thread?
I was thinking the same. If someone in the family came forward and showed that it was LBJ's would it be a legitimate keeper not subject to confiscation?
<< <i>That $10k won't cover the lawyer fees to get that coin back.
I'm actually surprised that PCGS is offering a reward to authenticate a coin that is illegal to own. >>
They authenticated the 1974 Aluminum Cent. Why not a Peace Dollar?
Personally, I think the reward is far too small and that $100,000 would be more in line given the risks associated with bringing one of these, if they even exist, out in public.
The name is LEE!
<< <i>Hmmm, $10K to the winner, and a free pair of bracelets courtesy of the Secret Service. >>
Really?
Did the Secret Service (SS) arrest the Langbords?
The name is LEE!
<< <i>
<< <i>...i thought that i read somewhere that LBJ was given a few. i wonder if his heirs are reading this thread?
I was thinking the same. If someone in the family came forward and showed that it was LBJ's would it be a legitimate keeper not subject to confiscation? >>
Interesting question.
But remember folks, not even a photograph exists of these coins. Nothing. Not even in the coining presses. Not even in storage. Nothing.
The name is LEE!
I'm sure it is in a dark corner of the Smithsonian's storage warehouse. Right next to the Roswell flying saucer and a clear picture of bigfoot.
<< <i>I wonder if the reward would be paid if someone presented to PCGS an authentic 1964 P Peace Dollar
They were made at the Denver mint and should have a D mintmark.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>Hmmm, $10K to the winner, and a free pair of bracelets courtesy of the Secret Service. >>
Really?
Did the Secret Service (SS) arrest the Langbords? >>
I was working on the idea that illegal is still illegal, but you're right, probably nobody would be arrested. Personally, I'd consider being forced into a drawn out legal battle over a 7-figure coin equivalent.
Empty Nest Collection
<< <i>How long until someone tries it with one of carr's counterfeit ones? >>
They sure wouldn't get very far with that.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>But remember folks, not even a photograph exists of these coins. Nothing. Not even in the coining presses. Not even in storage. Nothing. >>
I'm sure there were photo's of this coin in the Numismatic News. If I searched my attic I would be able to find them.
<< <i>I wonder if this is the first salvo in bringing one out, like the fake buy ads for 1913 Nickels back in 1913. >>
I was also thinking they might be channeling Max Mehl.
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>...i thought that i read somewhere that LBJ was given a few. i wonder if his heirs are reading this thread?
LBJ himself has held these as documented in this photo...that may or may not be legitimate.
Just my thoughts on a hypothetical route that could be utilized to avoid disclosure/confiscation.
PCGS news release: PCGS Top 100 Modern U.S. Coins and 1964-D Peace dollar reward offer
-donn-
I am no expert mind you but I think there is somthin' fishy about that photo.
Reminds me of the saying "Don't Believe Anything You Read And Only Half Of What You See"
<< <i>LBJ himself has held these as documented in this photo...that may or may not be legitimate.
I am no expert mind you but I think there is somthin' fishy about that photo. >>
I think everyone here knows it's an obvious photo-shopped job.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
"...that's the '64 thousand dollar question.""
Yes, that's a better number
Eric
<< <i>That $10k won't cover the lawyer fees to get that coin back.
I'm actually surprised that PCGS is offering a reward to authenticate a coin that is illegal to own. >>
At the luncheon David Hall merely indicated that all he wanted to do was to view the coin and not officially authenticate it or grade it. With his keen eye he could determine if it was the real 1964-D or a Dcarr fantasy piece. Pcgs has already checked the legal aspects of merely viewing it from a historical perspective.
<< <i>Hmmm, $10K to the winner, and a free pair of bracelets courtesy of the Secret Service. >>
jackpot and we have a winner
<< <i>...i thought that i read somewhere that LBJ was given a few. i wonder if his heirs are reading this thread?
Don't ask his heirs. Seek out his mistresses instead. Money and possessions his family would have noticed disappearing; not coins handed to him as part of his job. Politicians have had a record of doing this sort of thing since the 19th century. So if PCGS really wants coins they think passed through LBJ's fingers they should run a blurb in the D.C. local media.
(Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
<< <i>
<< <i>...i thought that i read somewhere that LBJ was given a few. i wonder if his heirs are reading this thread?
Don't ask his heirs. Seek out his mistresses instead.
He could have hid it in his dogs ears.
I seriously doubt DH eyes would be needed there! LOL
Eric
I am no expert mind you but I think there is somthin' fishy about that photo.
...sure is! THAT'S not lbj! anyone can see it's his stunt double!
EDIT- How did the Mint account for all 316,076 64D Peace bucks? By weight? Did they examine all 316,076 of them? If by weight, it would be very simple to slip in a common date Unc. or a few in exchange for a 64D.
<< <i>If the coin was never released how does PCGS authenticate it, if there are no known examples? Somebody somewhere has a genuine 64D Peace buck and $10k won't bring it to the surface. I bet a million would tempt even the tightest hands. Why is PCGS putting this out there when the coin is illegal to own?
EDIT- How did the Mint account for all 316,076 64D Peace bucks? By weight? Did they examine all 316,076 of them? If by weight, it would be very simple to slip in a common date Unc. or a few in exchange for a 64D. >>
Yes, by weight or by count, but nobody ever said they did it by checking the dates.
<< <i>"With his keen eye he could determine if it was the real 1964-D or a Dcarr fantasy piece."
I seriously doubt DH eyes would be needed there! LOL >>
HRH mentioned that he's pretty sure he'd know a real one when he saw it, even though we really don't know what a 64 Peace dollar actually looks like. While it's possible that it looks just like a 1934 or 35, it could also be significantly different. Much would depend on which Peace dollar models were still available in 1964 to prepare the dies. Of course even if everything were still available, the design could have been strengthened a bit, perhaps to match the sharpness of a Kennedy half. It made me wonder if had he never seen a 1921 Morgan before but knew that they existed, would he think a real one was real? The differences are significant enough that someone who has spent a lifetime inspecting 1878-1904 Morgans would look ascance at a 1921.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>...i thought that i read somewhere that LBJ was given a few. i wonder if his heirs are reading this thread?
I "think" it was determined that LBJ was given Kennedy halves, instead.
<< <i>
<< <i>LBJ himself has held these as documented in this photo...that may or may not be legitimate.
I am no expert mind you but I think there is somthin' fishy about that photo. >>
I think everyone here knows it's an obvious photo-shopped job. >>
I think everyone here knows that coinsponge was being facetious. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
<< <i>"With his keen eye he could determine if it was the real 1964-D or a Dcarr fantasy piece."
I seriously doubt DH eyes would be needed there! LOL >>
HRH mentioned that he's pretty sure he'd know a real one when he saw it, even though we really don't know what a 64 Peace dollar actually looks like. While it's possible that it looks just like a 1934 or 35, it could also be significantly different. Much would depend on which Peace dollar models were still available in 1964 to prepare the dies. Of course even if everything were still available, the design could have been strengthened a bit, perhaps to match the sharpness of a Kennedy half. It made me wonder if had he never seen a 1921 Morgan before but knew that they existed, would he think a real one was real? The differences are significant enough that someone who has spent a lifetime inspecting 1878-1904 Morgans would look ascance at a 1921. >>
Some very good points here!