1934-S $1 MS (PCGS# 7377)
The June 2011 Baltimore Auction
Lot Number: 4883
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A low mintage date from this series with 1,011,000 pieces struck for circulation with most melted or circulated soon after the time of issue. In absolute terms the 1934-S is not the rarest date in high grade, but <em>one of the rarest</em> of the series. At the MS-66 level, there are no finer examples graded by either NGC or PCGS so this is the top available grade, and a rarity at this level. NGC has seen a mere 15 pieces this well preserved. Historically the 1934-S has been considered to be one of the rarest coins in the Peace dollar collection to obtain in high grade, and for good reason, they are rare. With the absolute data of the Census and Population Reports, the rarest Gem Peace dollar is confirmed as the 1928-S, with the 1924-S and 1925-S also formidable rarities at the gem level. Obtaining a stunning white gem like the present coin would make for a cornerstone purchase of any advanced collection.