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1921 Satin Proof Peace Dollars, still less than 12 known? Any PCGS yet?

northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
edited February 7, 2017 12:58PM in U.S. Coin Forum

Came across this reporting from an old discussion from 2003 from coinguy1 regarding Satin Proof Peace Dollars referencing up to 12 known, although apparently at least up to that point in time PCGS was not grading them. Has that changed? If so I should probably submit mine that I have now had for over a decade and a half.

"Walter Breen describes the 1921 Satin Proofs as having "scattered die file marks" on the obverse "up and down, crossing each other in upper left fields and through and around upper parts of letters in LIBERTY, these mostly parallel to horizontal elements of letters; others in approximately concentric arcs of circles. Triangular pellet stop after (S)T in unusually high relief, even more than the other stops. Rev. Rays in high relief; similar die lines."

He also describes the 1922 low relief Satin proofs as having finishes similar to the 1921's, with built up rims and noticeably superior strike in many design areas.

The legitimate Satin proofs that I seen displayed a somewhat vibrant, semi-prooflike appearance, compared to business strikes, along with impressive strikes. .....

NGC has certified (12) Satin proof 1921's and (2) Satin proof 1922's. Again, some of those are probably resubmissions."

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Comments

  • crazyhounddogcrazyhounddog Posts: 13,993 ✭✭✭✭✭

    That sure would be a superb coin to stumble upon now wouldn't it :)
    Great read, Thanks

    The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
  • WoodenJeffersonWoodenJefferson Posts: 6,491 ✭✭✭✭

    I'm almost certain RWB will chime in at one point.

    Chat Board Lingo

    "Keep your malarkey filter in good operating order" -Walter Breen
  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭
    edited February 7, 2017 6:16PM

    Pick up a copy of the Guide Book of Peace Dollars, 3rd edition. That should answer your questions. Also, see the post "Grade this '21 Peace dollar" and the photo with arrows pointing out highest points of the obverse.

  • Quoting northcoin's **_"Walter Breen describes the 1921 Satin Proofs as having "scattered die file marks" ** Not file marks, but fine die polish.
    When reviewing the SP Low relief coin struck on a metal press you can see the fine polish marks on the face and neck, around the date and thru out the field as on the 1921's.
    So here is the large version of that photo.

    1922 $1 Modified High Relief Production Trial J-2020 PR-67
    Then go to the large format to view the close up details.

    http://www.pcgscoinfacts.com/CoinImages.aspx?s=97384

  • BarndogBarndog Posts: 20,502 ✭✭✭✭✭

    Are they addressed in the "Renaissance" books? I've read one and have two more to go!

  • oih82w8oih82w8 Posts: 12,328 ✭✭✭✭✭

    No, but I have seen a few "polished" dollars that the seller was awful proud of.

    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
  • @Barndog said:
    Are they addressed in the "Renaissance" books? I've read one and have two more to go!

    What are the Renaissance books?

  • BarndogBarndog Posts: 20,502 ✭✭✭✭✭

    @ManifestDestiny said:

    @Barndog said:
    Are they addressed in the "Renaissance" books? I've read one and have two more to go!

    What are the Renaissance books?

    ebay.com/itm/131972846541?_trksid=p2057872.m2749.l2649&ssPageName=STRK%3AMEBIDX%3AIT

  • What are your thoughts on these books? I am thinking about ordering them.

  • BarndogBarndog Posts: 20,502 ✭✭✭✭✭

    @ManifestDestiny said:
    What are your thoughts on these books? I am thinking about ordering them.

    i really enjoyed the first one and the story of the interaction between Pres Roosevelt and A S Gaudens. Formed a new opinion of Barber too. Enjoying second book now (about sixty pages in)

    Definitely recommend!

  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭

    Thanks. That confirms that PCGS has in fact now recognized the matte proof 1921 Peace Dollar. Have they graded any of the satin proofs or are they still an NGC exclusive?

  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭

    @RogerB said:
    Pick up a copy of the Guide Book of Peace Dollars, 3rd edition. That should answer your questions. Also, see the post "Grade this '21 Peace dollar" and the photo with arrows pointing out highest points of the obverse.

    Thanks. I will try to locate a copy. Does it reference any PCGS graded 1921 Satin Proof Peace Dollars?

  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    I don't believe PCGS handles 1921 Satin proof dollars. NGC does both.

  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭

    @RogerB said:
    I don't believe PCGS handles 1921 Satin proof dollars. NGC does both.

    Thanks.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I keep hoping one will turn up at a local antique shop... one has a display case with Morgans and a few Peace dollars... all overpriced... however, one of these could 'slip' in ....Cheers, RickO

  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    Look for characteristics similar to the one in the other thread. No luster, metallic sheen, very strong, even detail, etc.

  • I owned a 1921 Satin Finish Peace Dollar. Bought it from Brian Hendelson in 1984 and paid $25,000. There was no question as to this coin being a proof. This was all before slabbing. If you ever get a chance to examine a true proof, you will come to the same conclusion as I did, one of my favorite items I have ever owned in my career.

  • 1northcoin1northcoin Posts: 4,437 ✭✭✭✭✭

    Any updates?

    Still have the one referenced above that I acquired now over two decades ago.

    I had completely forgot about it until I saw today ‘s re airing of the 2014 Pawn Stars show featuring the rare 1922 Matte Proof High Relief Peace Dollar on NBC.

  • FlyingAlFlyingAl Posts: 3,410 ✭✭✭✭✭

    @1northcoin said:
    Any updates?

    Still have the one referenced above that I acquired now over two decades ago.

    I had completely forgot about it until I saw today ‘s re airing of the 2014 Pawn Stars show featuring the rare 1922 Matte Proof High Relief Peace Dollar on NBC.

    Updates on what? Why so many thread resurrections?

    Coin Photographer.

  • 1northcoin1northcoin Posts: 4,437 ✭✭✭✭✭
    edited January 18, 2025 9:47PM

    On whether PCGS has holdered more than the one 1921 Peace Dollar as a proof which apparently was identified in a subsequent thread that has been closed for unrelated reasons.

    From the postings the coin had apparently been attributed by NGC as a 1921 Satin Proof Peace Dollar and then it got a CAC sticker. PCGS apparently then agreed to holder it as a 1921 Peace Dollar Proof, but instead of calling it a Satin Proof it was identified as a Matte Proof,

    My question about updates would have been better phrased as to whether there have been additional 1921 Peace Dollars now in PCGS holders.

  • FlyingAlFlyingAl Posts: 3,410 ✭✭✭✭✭

    @1northcoin said:
    On whether PCGS has holdered more than the one 1921 Peace Dollar as a proof which apparently was identified in a subsequent thread that has been closed for unrelated reasons.

    From the postings the coin had apparently been attributed by NGC as a 1921 Satin Proof Peace Dollar and then it got a CAC sticker. PCGS apparently then agreed to holder it as a 1921 Peace Dollar Proof, but instead of selling it a Satin Proof it was identified as a Matte Proof,

    My question about updates would have been better phrased as to whether there have been additional 1921 Peace Dollars now in PCGS holders.

    That coin has been reholdered as a Satin and can be bought for $450k.

    That is the only non-pattern or Matte 1921 in a PCGS holder.

    Coin Photographer.

  • 1northcoin1northcoin Posts: 4,437 ✭✭✭✭✭

    @FlyingAl said:

    @1northcoin said:
    On whether PCGS has holdered more than the one 1921 Peace Dollar as a proof which apparently was identified in a subsequent thread that has been closed for unrelated reasons.

    From the postings the coin had apparently been attributed by NGC as a 1921 Satin Proof Peace Dollar and then it got a CAC sticker. PCGS apparently then agreed to holder it as a 1921 Peace Dollar Proof, but instead of selling it a Satin Proof it was identified as a Matte Proof,

    My question about updates would have been better phrased as to whether there have been additional 1921 Peace Dollars now in PCGS holders.

    That coin has been reholdered as a Satin and can be bought for $450k.

    That is the only non-pattern or Matte 1921 in a PCGS holder.

    Thanks!

  • CaptHenwayCaptHenway Posts: 32,329 ✭✭✭✭✭
    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.
  • WiscKauWiscKau Posts: 178 ✭✭✭✭

    This may help:

  • Ridley06Ridley06 Posts: 59 ✭✭✭

    A Satin and Matte proof 1921 peace are up for auction at Stacks Bowers currently. Their descriptions are very useful in adding context to the coins.

  • PeakRaritiesPeakRarities Posts: 4,006 ✭✭✭✭✭

    Apparently the lone proof 1921 Peace dollar at PCGS was holdered as a mistake. Originally designated as a matte proof, a new employee did not realize that PCGS did not recognize them, by the time it was caught, it was too late. They recalled it to change the designation from Matte to Satin, but from what I am told that is the only one we will ever see in PCGS plastic.

    Founder- Peak Rarities
    Website
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  • FlyingAlFlyingAl Posts: 3,410 ✭✭✭✭✭

    @Ridley06 said:
    A Satin and Matte proof 1921 peace are up for auction at Stacks Bowers currently. Their descriptions are very useful in adding context to the coins.

    The Jack Lee 1921 Satin is.... interesting.

    Coin Photographer.

  • @FlyingAl said:

    @1northcoin said:
    Any updates?

    Still have the one referenced above that I acquired now over two decades ago.

    I had completely forgot about it until I saw today ‘s re airing of the 2014 Pawn Stars show featuring the rare 1922 Matte Proof High Relief Peace Dollar on NBC.

    Updates on what? Why so many thread resurrections?

    Could it be because some of us newcomers never saw the many of these interesting threads when they were first posted and would never think to search for something in the archives that we'll never see.

  • FlyingAlFlyingAl Posts: 3,410 ✭✭✭✭✭

    @4Redisin said:

    @FlyingAl said:

    @1northcoin said:
    Any updates?

    Still have the one referenced above that I acquired now over two decades ago.

    I had completely forgot about it until I saw today ‘s re airing of the 2014 Pawn Stars show featuring the rare 1922 Matte Proof High Relief Peace Dollar on NBC.

    Updates on what? Why so many thread resurrections?

    Could it be because some of us newcomers never saw the many of these interesting threads when they were first posted and would never think to search for something in the archives that we'll never see.

    Oh, this is barely the surface of the archives. Generally you don't resurrect old threads because a lot of the original posters are gone and the context is mostly lost.

    Coin Photographer.

  • I do see a lot of banned members but surely most of the info is correct or got corrected.

  • 7Jaguars7Jaguars Posts: 7,534 ✭✭✭✭✭

    @FlyingAl said:

    @4Redisin said:

    @FlyingAl said:

    @1northcoin said:
    Any updates?

    Still have the one referenced above that I acquired now over two decades ago.

    I had completely forgot about it until I saw today ‘s re airing of the 2014 Pawn Stars show featuring the rare 1922 Matte Proof High Relief Peace Dollar on NBC.

    Updates on what? Why so many thread resurrections?

    Could it be because some of us newcomers never saw the many of these interesting threads when they were first posted and would never think to search for something in the archives that we'll never see.

    Oh, this is barely the surface of the archives. Generally you don't resurrect old threads because a lot of the original posters are gone and the context is mostly lost.

    Which in itself does NOT necessarily detract from the content therein. A bit snarky of a response.

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • @7Jaguars said:

    @FlyingAl said:

    @4Redisin said:

    @FlyingAl said:

    @1northcoin said:
    Any updates?

    Still have the one referenced above that I acquired now over two decades ago.

    I had completely forgot about it until I saw today ‘s re airing of the 2014 Pawn Stars show featuring the rare 1922 Matte Proof High Relief Peace Dollar on NBC.

    Updates on what? Why so many thread resurrections?

    Could it be because some of us newcomers never saw the many of these interesting threads when they were first posted and would never think to search for something in the archives that we'll never see.

    Oh, this is barely the surface of the archives. Generally you don't resurrect old threads because a lot of the original posters are gone and the context is mostly lost.

    Which in itself does NOT necessarily detract from the content therein. A bit snarky of a response.

    I did not take it that way. What I don't understand is what he means by "context". I want the interesting info not the back-and-forth banter or the context in which it appeared. I started a new discussion which appears to be "lame".

  • FlyingAlFlyingAl Posts: 3,410 ✭✭✭✭✭
    edited January 19, 2025 4:29PM

    @4Redisin said:

    @7Jaguars said:

    @FlyingAl said:

    @4Redisin said:

    @FlyingAl said:

    @1northcoin said:
    Any updates?

    Still have the one referenced above that I acquired now over two decades ago.

    I had completely forgot about it until I saw today ‘s re airing of the 2014 Pawn Stars show featuring the rare 1922 Matte Proof High Relief Peace Dollar on NBC.

    Updates on what? Why so many thread resurrections?

    Could it be because some of us newcomers never saw the many of these interesting threads when they were first posted and would never think to search for something in the archives that we'll never see.

    Oh, this is barely the surface of the archives. Generally you don't resurrect old threads because a lot of the original posters are gone and the context is mostly lost.

    Which in itself does NOT necessarily detract from the content therein. A bit snarky of a response.

    I did not take it that way. What I don't understand is what he means by "context". I want the interesting info not the back-and-forth banter or the context in which it appeared. I started a new discussion which appears to be "lame".

    Nor did I intend for it to be that way.

    Generally, something can spark a thread that influences it, such as the 2003 thread referenced here. In this case, the thread and discussion were years removed, and the OP decided to start a new thread with the info included so all were aware of what was going on. In that sense, a new thread can better encapsulate the "context" of what was going on.

    The reason why I asked why the thread was resurrected was because several threads of the same topic from years ago were brought back yesterday so there was a lot of missing context, and one reply in one thread was then lost in the next.

    Coin Photographer.

  • Mr Lindy Mr Lindy Posts: 1,121 ✭✭✭✭✭
    edited January 20, 2025 12:33PM

    I like necromancer threads.

    I learn from necromancer threads.

    I rarely post here, but I am always learning.

    Posters at PCGS Foums in the past got tossed/banned for various unnamed offences but their numismatic insights can be information & treasure nuggets. Its all archived here, their contributions live on. They are misfit toys in the land of current reality.

    Typically people here will respond to do a search, but now people complain if people want to know more after doing a search to add to a historical thread ? All of which are livingthreads to continue to contribute to/in.

    Personally I had no idea Northcoin1 maybe has a half million dollar coin he spaced out owning !

    That is just so cool !!!

    i would like to fantasize that I own a few half million dollar goodies I spaced out...

    Be kind to the necromancers.

  • MFeldMFeld Posts: 13,836 ✭✭✭✭✭

    @Mr Lindy said:
    I like necromancer threads.

    I learn from necromancer threads.

    Posters at PCGS Foums in the past got tossed/banned for various unnamed offences but their numismatic insights can be information & treasure nuggets. Its all archived here, their contributions live on. They are misfit toys in the land of current reality.

    Typically people here respond to do a search, but now we complain if people want to know more after doing a search to add to a historical thread ? All of which are living to contribute to/in.

    Personally I had no idea Northcoin1 maybe has a half million dollar coin he spaced out owning !

    That is just so cool !!!

    i would like to fantasize that I own a few half million dollar goodies I spaced out...

    Be kind to the necromancers.

    That’s quite a stretch to consider the possibility that an ungraded 1921 Peace dollar might be worth $500,000. While I’d love to see it, chances are that its value is a small, if not tiny fraction of that amount. Consider that it’s been held by the same owner for more than 20 years - more than enough time to have submitted it to major grading companies more than a few times.😉

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • 1northcoin1northcoin Posts: 4,437 ✭✭✭✭✭

    @PeakRarities said:
    Apparently the lone proof 1921 Peace dollar at PCGS was holdered as a mistake. Originally designated as a matte proof, a new employee did not realize that PCGS did not recognize them, by the time it was caught, it was too late. They recalled it to change the designation from Matte to Satin, but from what I am told that is the only one we will ever see in PCGS plastic.

    Thanks for the heads up. If your sources indicate a change of heart let me know as that would likely incentivize a submission.

    It has now been 20 plus years that I have held onto the 1921 Peace Dollar that was sold to me as a proof.

    Since then I have done nothing more than post inquiries on this board and more recently forgetting I even had it until the re aired Pawn Stars feature on the 1922 Peace Dollar Proof aired a few days ago on NBC.

  • FlyingAlFlyingAl Posts: 3,410 ✭✭✭✭✭

    @1northcoin said:

    @PeakRarities said:
    Apparently the lone proof 1921 Peace dollar at PCGS was holdered as a mistake. Originally designated as a matte proof, a new employee did not realize that PCGS did not recognize them, by the time it was caught, it was too late. They recalled it to change the designation from Matte to Satin, but from what I am told that is the only one we will ever see in PCGS plastic.

    Thanks for the heads up. If your sources indicate a change of heart let me know as that would likely incentivize a submission.

    It has now been 20 plus years that I have held onto the 1921 Peace Dollar that was sold to me as a proof.

    Since then I have done nothing more than post inquiries on this board and more recently forgetting I even had it until the re aired Pawn Stars feature on the 1922 Peace Dollar Proof aired a few days ago on NBC.

    NGC still grades Satin Proofs.

    Coin Photographer.

  • MFeldMFeld Posts: 13,836 ✭✭✭✭✭

    @1northcoin said:

    @PeakRarities said:
    Apparently the lone proof 1921 Peace dollar at PCGS was holdered as a mistake. Originally designated as a matte proof, a new employee did not realize that PCGS did not recognize them, by the time it was caught, it was too late. They recalled it to change the designation from Matte to Satin, but from what I am told that is the only one we will ever see in PCGS plastic.

    Thanks for the heads up. If your sources indicate a change of heart let me know as that would likely incentivize a submission.

    It has now been 20 plus years that I have held onto the 1921 Peace Dollar that was sold to me as a proof.

    Since then I have done nothing more than post inquiries on this board and more recently forgetting I even had it until the re aired Pawn Stars feature on the 1922 Peace Dollar Proof aired a few days ago on NBC.

    The fact that you haven’t submitted it after all this time makes me think you have serious doubts regarding its Proof status and prefer to hold on to the dream that it could be a Proof.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • 1northcoin1northcoin Posts: 4,437 ✭✭✭✭✭
    edited January 21, 2025 1:41AM

    @MFeld said:

    @1northcoin said:

    @PeakRarities said:
    Apparently the lone proof 1921 Peace dollar at PCGS was holdered as a mistake. Originally designated as a matte proof, a new employee did not realize that PCGS did not recognize them, by the time it was caught, it was too late. They recalled it to change the designation from Matte to Satin, but from what I am told that is the only one we will ever see in PCGS plastic.

    Thanks for the heads up. If your sources indicate a change of heart let me know as that would likely incentivize a submission.

    It has now been 20 plus years that I have held onto the 1921 Peace Dollar that was sold to me as a proof.

    Since then I have done nothing more than post inquiries on this board and more recently forgetting I even had it until the re aired Pawn Stars feature on the 1922 Peace Dollar Proof aired a few days ago on NBC.

    The fact that you haven’t submitted it after all this time makes me think you have serious doubts regarding its Proof status and prefer to hold on to the dream that it could be a Proof.

    The only third party grading service that I have personally ever submitted a coin to for grading is PCGS. Were I interested in selling it, which I am not at present, I would most likely let the auction house make the decision with regard to getting it holdered as that has been my practice in the past.

  • BoosibriBoosibri Posts: 12,209 ✭✭✭✭✭

    I don’t understand the point of this thread. If you are curious, suspicious or anything in between, submit the coin for grading. Many coins we called proof in the past which of course are not. If you really want a qualified opinion, send to PCGS or NGC.

    Is there a picture of the coin to post to at least react to?

  • CaptHenwayCaptHenway Posts: 32,329 ✭✭✭✭✭

    Gorgeous!

    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.
  • oldabeintxoldabeintx Posts: 2,059 ✭✭✭✭✭

    I know diddly about these, but that’s a beautiful coin in my eyes. 65 seems low - it looks nearly perfect.

  • anablepanablep Posts: 5,137 ✭✭✭✭✭

    @Floridafacelifter If that’s a 65, then I’m Anthony de Francisci!

    Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

    "Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


    ~Wayne
  • FloridafacelifterFloridafacelifter Posts: 1,291 ✭✭✭✭✭

    @anablep said:
    @Floridafacelifter If that’s a 65, then I’m Anthony de Francisci!

    Haha thanks guys- that was the results of its first trip to a TPG, and I agree- if I were to entertain selling it I would try for an upgrade first!

  • Mr Lindy Mr Lindy Posts: 1,121 ✭✭✭✭✭

    STUNNING !!!!

    Thanks for Sharing this Treasure !!!!

    @Floridafacelifter said:
    I own one and have handled another- it can be tricky with the TPGs. When you’re ready to have it authenticated NGC is the way to go (and I don’t often say that). Would love to see pics of your coin!

  • 1northcoin1northcoin Posts: 4,437 ✭✭✭✭✭

    @Boosibri said:
    I don’t understand the point of this thread. If you are curious, suspicious or anything in between, submit the coin for grading. Many coins we called proof in the past which of course are not. If you really want a qualified opinion, send to PCGS or NGC.

    Is there a picture of the coin to post to at least react to?

    Fair quetions but historically PCGS would not accept the 1921 as a proof and now we learn they consider the one they crossed from NGC with a CAC sticker to not only have been a mistake but they had to correct their own attribution from Matte Proof to Satin Proof. Apparently submitting to PCGS would be an exercise in futility.

  • PeakRaritiesPeakRarities Posts: 4,006 ✭✭✭✭✭

    @1northcoin said:

    @Boosibri said:
    I don’t understand the point of this thread. If you are curious, suspicious or anything in between, submit the coin for grading. Many coins we called proof in the past which of course are not. If you really want a qualified opinion, send to PCGS or NGC.

    Is there a picture of the coin to post to at least react to?

    Fair quetions but historically PCGS would not accept the 1921 as a proof and now we learn they consider the one they crossed from NGC with a CAC sticker to not only have been a mistake but they had to correct their own attribution from Matte Proof to Satin Proof. Apparently submitting to PCGS would be an exercise in futility.

    While that appears to be the case, posting pictures for us here would not be, considering that there’s two proof peace dollar owners participating in this thread. Both of which, went through the process with NGC to get them certified as such…🙃

    Founder- Peak Rarities
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