Home U.S. Coin Forum

1964 Peace Dollar - PCGS Reward $10,000

2»

Comments

  • WingedLiberty1957WingedLiberty1957 Posts: 2,998 ✭✭✭✭✭
    Definitely the coolest fantasy piece I own ...

    image

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,636 ✭✭✭✭✭
    I got my reward when I renewed my platinum membership yesterday. Now to find that coin. image 8 free submissions and ten grand. Woo woo !
  • CaptHenwayCaptHenway Posts: 32,845 ✭✭✭✭✭


    << <i>

    << <i>...i thought that i read somewhere that LBJ was given a few. i wonder if his heirs are reading this thread? image >>




    I "think" it was determined that LBJ was given Kennedy halves, instead. image >>



    I "think" that Kennedy halves are part of the official cover story, but I "think" that it has never been proven either way.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    CaptHenway------do you think there are any floating around out there? MJ
    Walker Proof Digital Album
    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......
  • s4nys4ny Posts: 1,573 ✭✭✭
    I think some people have a few but don't know they are rare. They probably don't read coin
    blogs, attend coin shows, or read PCGS press releases.

    The 1933 Double Eagle is different because of all the publicity about King Farouk, his lifestyle and his ownership of the
    world's most valuable coin.
  • CaptHenwayCaptHenway Posts: 32,845 ✭✭✭✭✭


    << <i>CaptHenway------do you think there are any floating around out there? MJ >>



    I have no plausible reports of any existing, unlike the 1933 $20's where I knew somebody who photographed a specimen of one. I still believe that the 1964 Peace dollars were sold to employees but then recalled. Whether they were all recalled I do not know.

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭


    << <i>

    << <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. >>

    You'd be wasting your time as no photo's exist.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭


    << <i>

    << <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. >>

    A reminder:

    image

    The last paragraph states that "none reached the final stages of counting" so any numbers thrown out to the public are pure speculation.
    I have no idea where I got this image other than from previous discussions regarding this particular coin.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • mrpotatoheaddmrpotatoheadd Posts: 7,576 ✭✭✭


    << <i>Whether they were all recalled I do not know. >>

    If the government thought that they had all been recalled, why did they think they needed to make it illegal to own one?
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭


    << <i>

    << <i>CaptHenway------do you think there are any floating around out there? MJ >>



    I have no plausible reports of any existing, unlike the 1933 $20's where I knew somebody who photographed a specimen of one. I still believe that the 1964 Peace dollars were sold to employees but then recalled. Whether they were all recalled I do not know. >>

    This story about them being sold to employee's for $1.00 has been around for a very long time and would only hold true if the coins had actually been counted and as such, accounted for. Since this did not occur, I doubt that any were sold or given to Denver Mint employee's.

    As for coin dealers stating that they've seen them in the past?

    I heard a story some years back about an airplane carying some important politicians crashing in the farmlands of the mid-west.
    An immediate search was launched and when the search team found the crash site, they also came across a local farmer.
    Asking him about the crash, he stated "Oh yeah. That plane came down in a big hurry throwing bodies all over the place."
    "I rushed over and started burying 'em as soon as possible!"
    When asked if any were still alive, the farmer stated "Some of them said they were, but you know how politicians lie!"
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • PerryHallPerryHall Posts: 46,913 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>CaptHenway------do you think there are any floating around out there? MJ >>



    I have no plausible reports of any existing, unlike the 1933 $20's where I knew somebody who photographed a specimen of one. I still believe that the 1964 Peace dollars were sold to employees but then recalled. Whether they were all recalled I do not know. >>

    This story about them being sold to employee's for $1.00 has been around for a very long time and would only hold true if the coins had actually been counted and as such, accounted for. Since this did not occur, I doubt that any were sold or given to Denver Mint employee's.

    As for coin dealers stating that they've seen them in the past?

    I heard a story some years back about an airplane carying some important politicians crashing in the farmlands of the mid-west.
    An immediate search was launched and when the search team found the crash site, they also came across a local farmer.
    Asking him about the crash, he stated "Oh yeah. That plane came down in a big hurry throwing bodies all over the place."
    "I rushed over and started burying 'em as soon as possible!"
    When asked if any were still alive, the farmer stated "Some of them said they were, but you know how politicians lie!" >>

    image

    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

  • CaptHenwayCaptHenway Posts: 32,845 ✭✭✭✭✭


    << <i>

    << <i>Whether they were all recalled I do not know. >>

    If the government thought that they had all been recalled, why did they think they needed to make it illegal to own one? >>



    Good question.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • CaptHenwayCaptHenway Posts: 32,845 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>CaptHenway------do you think there are any floating around out there? MJ >>



    I have no plausible reports of any existing, unlike the 1933 $20's where I knew somebody who photographed a specimen of one. I still believe that the 1964 Peace dollars were sold to employees but then recalled. Whether they were all recalled I do not know. >>

    This story about them being sold to employee's for $1.00 has been around for a very long time and would only hold true if the coins had actually been counted and as such, accounted for. Since this did not occur, I doubt that any were sold or given to Denver Mint employee's. >>



    Kindly show me the mintage records for the 1849-O quarters, the Proofs before 1858, the 1913 Liberty nickels, the 1804 Class II and III silver dollars.....

    In the large cent universe there is a charming story about a famous collector (Mickley?) who was taken to the Philadelphia Mint as a boy. They were just wrapping up for the day, but the coiner had the press crew swing the screw press one more time and strike one large cent, which was immediately handed to the boy. He dropped it because it was hot, but it quickly cooled. The coiner told him to keep it until he could explain why it was hot, and then he could spend it on candy.

    Was that large cent ever counted or recorded? No, because it was just one coin, and didn't matter. Were 1964-D dollars considered as anything special on the day they were struck in 1965, with everybody assuming that they would soon be striking millions more? No. They were just coins, and the people in the Mint saw coins every day. It wasn't until the coverup started that they became something special.

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • epcjimi1epcjimi1 Posts: 3,489 ✭✭✭
    According to this 1998 article posted under the PCGS banner, two 1964 peace dollars survived until 1970, my point being that Mint claims that they were ALL melted after the order to do so is suspect -

    "There's documented evidence that at least two 1964 dollars survived until 1970. According to Mint records, 28 of the 30 trial strikes were melted immediately -- but the other two were sent to Washington for optical, physical and spectrographic examination and remained there, in a Treasury vault, until the spring of 1970. At that time, the records show, they were melted. Four members of a destruction committee signed affidavits attesting to this."

    There's also discussion in the article about advertisements from the '70s soliciting '64 peace dollars. Interesting read if you have not seen it before.


    The '64 Dollar Question, Ed Reiter - September 9, 1998
  • dcarrdcarr Posts: 9,190 ✭✭✭✭✭


    << <i>In the large cent universe there is a charming story about a famous collector (Mickley?) who was taken to the Philadelphia Mint as a boy. They were just wrapping up for the day, but the coiner had the press crew swing the screw press one more time and strike one large cent, which was immediately handed to the boy. He dropped it because it was hot, but it quickly cooled. The coiner told him to keep it until he could explain why it was hot, and then he could spend it on candy. >>



    The large cent would only be hot if it was broad-struck.



    << <i>Was that large cent ever counted or recorded? No, because it was just one coin, and didn't matter. Were 1964-D dollars considered as anything special on the day they were struck in 1965, with everybody assuming that they would soon be striking millions more? No. They were just coins, and the people in the Mint saw coins every day. It wasn't until the coverup started that they became something special. >>



    Anything made out of silver or gold has always been treated differently by the Mint, compared to copper or nickel. In 1964-1965, all precious metal (silver) operations would have been tightly scrutinized. Copper and nickel blanks are often left on the floor where they fall. Not so with silver. Case in point - my 1986-vintage Grabener Denver Mint surplus coin press. This press struck normal mint-set coins as well as all the silver commemorative dollars from 1986-2001. When I got the press, it came with large dollar feeding tubes and feeding fingers (a couple fingers were struck by dollar dies). I found over 400 blanks in it - zinc and copper-nickel. It was covered by gobs of copper-nickel "dust" and piles of small copper-nickel scrapings. But there was absolutely no trace of any silver, anywhere. At the time (circa 1992), one of the silver dollars would have only been only worth about $3 in silver (similar purchasing power to a $1 in 1965), and yet, they were still tightly controlled.
  • dcarrdcarr Posts: 9,190 ✭✭✭✭✭


    << <i>According to this 1998 article posted under the PCGS banner, two 1964 peace dollars survived until 1970, my point being that Mint claims that they were ALL melted after the order to do so is suspect -

    "There's documented evidence that at least two 1964 dollars survived until 1970. According to Mint records, 28 of the 30 trial strikes were melted immediately -- but the other two were sent to Washington for optical, physical and spectrographic examination and remained there, in a Treasury vault, until the spring of 1970. At that time, the records show, they were melted. Four members of a destruction committee signed affidavits attesting to this."

    There's also discussion in the article about advertisements from the '70s soliciting '64 peace dollars. Interesting read if you have not seen it before.


    The '64 Dollar Question, Ed Reiter - September 9, 1998 >>



    The trial strikes sent to Washington came from Philadelphia, not Denver. All of the Denver production was immediately accounted for and destroyed, I believe.
  • dcarrdcarr Posts: 9,190 ✭✭✭✭✭


    << <i>This story about them being sold to employee's for $1.00 has been around for a very long time and would only hold true if the coins had actually been counted and as such, accounted for. Since this did not occur, I doubt that any were sold or given to Denver Mint employee's. >>



    This old story is a product of someone's faulty memory (and/or wishful thinking).

    It was 1964 Kennedy Half Dollars that the Mint employees were allowed to purchase, not the 1964 Peace Dollars.
  • CaptHenwayCaptHenway Posts: 32,845 ✭✭✭✭✭


    << <i>

    << <i>This story about them being sold to employee's for $1.00 has been around for a very long time and would only hold true if the coins had actually been counted and as such, accounted for. Since this did not occur, I doubt that any were sold or given to Denver Mint employee's. >>



    This old story is a product of someone's faulty memory (and/or wishful thinking).

    It was 1964 Kennedy Half Dollars that the Mint employees were allowed to purchase, not the 1964 Peace Dollars. >>



    Was that before or after they were counted and accounted for?

    Is there any documentation for this claim, or is it just some Mint employee's faulty memory and/or wishful thinking?
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭


    << <i>

    << <i>

    << <i>This story about them being sold to employee's for $1.00 has been around for a very long time and would only hold true if the coins had actually been counted and as such, accounted for. Since this did not occur, I doubt that any were sold or given to Denver Mint employee's. >>



    This old story is a product of someone's faulty memory (and/or wishful thinking).

    It was 1964 Kennedy Half Dollars that the Mint employees were allowed to purchase, not the 1964 Peace Dollars. >>



    Was that before or after they were counted and accounted for?

    Is there any documentation for this claim, or is it just some Mint employee's faulty memory and/or wishful thinking? >>

    Does it really matter Tom? This back and forth bickering is nothing more than that. Back and forth bickering!

    I'd like to see the documentation regarding the destruction of the 2 pieces in the 70's.
    BTW, I possess a coin and know of 1 other that was "supposed to have been" destroyed.

    What I would like, is a photograph of an authentic piece. Just to validate that they even existed in the first place since its obvious at this point in time that government records simply cannot be trusted. Whats left of them that is.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • s4nys4ny Posts: 1,573 ✭✭✭


    << <i>

    << <i>According to this 1998 article posted under the PCGS banner, two 1964 peace dollars survived until 1970, my point being that Mint claims that they were ALL melted after the order to do so is suspect -

    "There's documented evidence that at least two 1964 dollars survived until 1970. According to Mint records, 28 of the 30 trial strikes were melted immediately -- but the other two were sent to Washington for optical, physical and spectrographic examination and remained there, in a Treasury vault, until the spring of 1970. At that time, the records show, they were melted. Four members of a destruction committee signed affidavits attesting to this."

    There's also discussion in the article about advertisements from the '70s soliciting '64 peace dollars. Interesting read if you have not seen it before.


    The '64 Dollar Question, Ed Reiter - September 9, 1998 >>



    The trial strikes sent to Washington came from Philadelphia, not Denver. All of the Denver production was immediately accounted for and destroyed, I believe. >>



    Great article, thanks.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file