From the NGC Archives: 1926-D Peace Dollar

Posted on 11/18/2008

Coined by the Denver Mint in 1926, the lost silver dollar rises again with its brilliant satiny and frosty textures.

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Though millions of silver dollars were coined in the years 1921-28, most Americans were only barely aware of their existence. With the exception of a few states in the Far West, the nation generally shunned silver dollars for daily commerce, and most of the ones minted just remained in bank or Treasury vaults. Their large size and great weight were to blame, as paper money proved to be much more convenient. The many worn Peace Dollars found today are almost certainly veterans of the Nevada casinos, where they plied their trade during the years 1931 (when gambling was legalized in that state) to 1965 (when speculation in rising silver prices led to mass hoarding).

The silver dollars coined at the Denver Mint in 1926 are among the most consistently attractive pieces in the popular Peace Dollar series. An ideal candidate for "type coin" status, this glorious specimen is certainly no exception to that rule. Displaying an extremely bold strike, this lovely coin is fully detailed and features amazingly deep rims for a Peace Dollar. Its vivid luster reflects the transition from satiny to frosty texture that the dies were undergoing when it was produced. Untoned and virtually free of marks, this is a simply stunning representative of both its date and type.