1921-D $1 MS (PCGS# 7298)

2014 April 23 - 27 CSNS US Coin Signature Auction - Chicago #1204

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    Heritage Auctions
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Lot Description
1921-D $1 -- 9th Dollar Released From the Denver Mint, Presentation Piece -- Ungraded PCGS. Housed in a large-format Regency holder. This left obverse field is carefully engraved "9TH DOLLAR RELEASED FROM 1ST 100 / EVER COINED AT DENVER MINT / THOMAS ANNEAR SUPT." In May 1921, Morgan dollars were struck for the first time in the Denver mint. While no special ceremonies were held for the striking of these coins, the first two pieces were sent to State Senator L.C. Phipps, who gave one to the Colorado School of Mines and the other to the Colorado Historical Society. Both pieces were not engraved as were coins 3-12, and both were subsequently stolen. Coins 3 through 12 have the above inscription engraved. Numbers 3 through 12 appeared in a B. Max Mehl sale in December 1923 as lots 1040 through 1049. The lot 1040 description includes a quote from a May 22, 1921 letter from Supt. Annear to Charles W. Cowell, "the ten silver dollars purchased by you from the Mint were from the first hundred ever coined in this institution. At the request of the Director of the Mint, I sent two silver dollars to Washington ... Yours were the next ten released." Researcher Adna Wilder concluded that Cowell was responsible for the engraving. This is a bagmark-free example with light peripheral golden toning and no evidence of high point wear, though the field luster is slightly diminished. Ex: Thomas Annear; Charles W. Cowell; Cowell Collection (B. Max Mehl, 12/1923), lot 1046; unknown intermediaries; New York ANA Signature (4/1997), lot 8394.
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