Tag Archives: Dollar

Gallery

Poarch Creek Indian Tribe Silver Dollar: 2006 Chief Tomochichi Coin

This gallery contains 4 photos.

This coin was minted by the Poarch Creek Indian Nation. It is in a plastic airtight container, and I would guess the grade in the MS65 to MS69 range. The obverse shows Chief Tomochichi, holding a scroll in one hand … Continue reading

Gallery

2006 Poarch Creek Indian Pow Wow Silver Dollar

This gallery contains 5 photos.

This coin was minted by the Poarch Creek Indian Nation. It is in a plastic airtight container, and I would grade it somewhere between MS62 and MS70. The obverse shows a Creek Indian riding an unsaddled horse toward the right. … Continue reading

Gallery

2004 Skydancer Silver Dollar from the Poarch Creek Indian Nation

This gallery contains 4 photos.

This coin was minted by the Poarch Creek Indian Nation. It is in a plastic airtight container, but has a hint of toning at 3:00 on the obverse. I would guess the grade in the MS65-69 range. The obverse shows … Continue reading

1882 Morgan Dollar from Carson City GSA Hoard Slabbed MS64

This coin is in MS64 condition. It was packaged in a GSA slab, and graded by NGC with a special “GSA Hoard” label.

The Morgan Dollar is one of the most widely collected coins in the world – it was minted from 1878 to 1921 and represented a fairly large amount of money when it was in circulation (but not so much that it was out of reach of common laborers or collectors). The obverse shows Liberty facing to the left, with the legend “E Pluribus Unum” from 7:00 to 3:00. The date is at 6:00, and there are 13 six-sided stars also around the rim – 7 to the left of the date, 6 to the right. It is named the Morgan Dollar after its engraver: George T. Morgan (his initial “M” is visible at liberties neckline).

Coin - 1882 CC Morgan Dollar Obverse

Coin - 1882 CC Morgan Dollar Obverse

The reverse shows an eagle perched above a wreath, with wings thrust upward at 45 degree angles. The legend around the rim from 8:00 to 4:00 reads “United States of America” and “One Dollar” from 7:00 to 5:00. The motto “In god we trust” is placed above the eagle, and the mint mark is at 6:00 under the wreath (if present – Morgan Dollars struck in Philadelphia have no mint mark). The eagle holds arrows and an olive branch in its talons – representing the potential for both war and peace.

Coin - 1882 CC Morgan Dollar Reverse

Coin - 1882 CC Morgan Dollar Reverse

Date: 1882

Mint Mark: CC (Carson City)

Mintage: 1,133,000

Country of origin: United States

Composition: 90% silver, 10% copper

Size: 38.1 mm

Weight: 26.73 grams (0.77344 oz ASW)

Other details: This coin is enclosed in a GSA “Uncirculated” holder – it was likely kept in a bank vault for nearly a century after being minted. Since the Morgan Dollar was minted far in excess of demand (it was a fairly bulky coin that wasn’t very convenient for day to day transactions), there were millions of the coins that never saw circulation.

These coins were kept in storage by the United States government to back up the more convenient paper money (silver certificates). For decades, anyone could go to a treasury vault and exchange their paper money for an equivalent amount of silver coinage.

However, silver prices began to spike in the 1960’s, and there was massive demand on the treasury vaults. In November of 1962, collectors noticed that there were some rare and valuable dates still sealed in their original mint bags. This ignited even more demand, and lines stretched for blocks around the Treasury Department headquarters in Washington DC. Many people sought to trade in paper money for sealed $1000 canvas bags of silver cartwheels.

The Treasury saw potential profit in selling these to collectors at marked up prices, and set the bags aside. Instead, the window began redeeming silver certificates with silver bars or granules. On June 24th, 1968, even that option was taken off the table and silver certificates were no longer backed by any precious metal (although they still remain monetized).

Uncirculated Silver Dollar in a slabbed GSA holder

Uncirculated Silver Dollar in a slabbed GSA holder

The Treasury inventoried its remaining stock of dollar coins, and found approximately 3,000 bags containing 3 million coins. Many of the remaining coins were rare Carson City mint dollars. These coins were turned over to The General Services Administration (GSA). The GSA sorted the coins into several categories, and then marketed them to the public from 1973 to 1980. Coins in GSA holders carry a slight premium, and many of them exhibit unusual toning from long storage in burlap sacks.

Morgan Dollar in a slabbed GSA holder

Morgan Dollar in a slabbed GSA holder

Estimated Value: $350-450

1923 Peace Dollar Silver Coin in ANACS MS-64

This coin is slabbed in a PCGS holder, and graded MS-64. I think the grade may be slightly high, as there are a few more marks in the field than I’m used to seeing in a Mint State coin.

This is one of my favorite designs for the US Dollar. It shows a youthful face of Liberty in profile to the left, wearing a spiked crown that wisps of her hair are escaping around. The legend “Liberty” is at the top from 10:00 to 2:00. “In God We * Trvst” is written across Liberty’s neck, and the date is at 6:00.

1923 Peace Dollar in MS-64 Obverse

1923 Peace Dollar in MS-64 Obverse

On the reverse, an eagle is shown perched on a rock, with sunbeams coming from the horizon (at 4:00). The legend reads “United States of America / E Pluribus Unum” and is written around the rim from 10:00 to 2:00 in two registers. The eagle is holding olive branches in its talons, and the rock it perches on is labeled “Peace”.

1923 Peace Dollar in MS-64 Reverse

1923 Peace Dollar in MS-64 Reverse

Date: 1923

Mint Mark: n/a (Philadelphia mint, without a mint mark)

Mintage: 30,800,000

Country of origin: United States

Composition: 90% silver, 10% copper

Size: 38.1 mm

Weight: 26.73 grams (0.7736 ounces Actual Silver Weight)

Other details: These coins were minted after the end of the First World War (aka, the Great War & the War to End All Wars). I think they strike a delightful note of cautious optimism about the future, and that the patterns are very beautifully balanced. These capture the spirit of the Roaring Twenties quite nicely.

On this piece, the reverse is a bit weakly struck, which is common with the 1923 Peace Dollars due to overuse of the dies.

It is in a ANACS holder, and I really like the features of this holder. The top side angles back and has a second label, which would be useful if I had this stored in a slab box. You can see it at the top of this picture.

1923 Peace Dollar in MS-64 PCGS holder Obverse

1923 Peace Dollar in MS-64 ANACS holder Obverse

I’ve obscured the identification number and barcode because counterfeit holders have started appearing on the market and I don’t want to enable fraud.

1923 Peace Dollar in MS-64 PCGS holder Reverse

1923 Peace Dollar in MS-64 ANACS holder Reverse

Estimated Value: $45-55 in MS-64 (with silver at $31 / ounce)

Barbados 1989 $1 Coin

This $1 coin is in great shape – I’d grade it EF40 or better.

The obverse shows the coat of arms of Barbados. It shows a helmet topped with the fist of a Barbadian holding two sugar canes that are angled to resemble St. Andrew’s Cross, and the shield beneath that is supported by a dolphin fish and a pelican. On the shield are a pair flowers (the national flower, which is named the Pride of Barbados), and a single bearded fig tree. At the bottom is Barbados’ national motto (“Pride and Industry”) on a scroll. The date is written to either side of the COA, on top of tridents. The legend “Barbados” is written at the bottom, and a row of dots encircles the pattern.

On the reverse, the coin shows a flying fish jumping out of the water over the denomination “One Dollar”. It is also encircled by a row of dots.

Barbados 1989 $1 coin Obverse

Barbados 1989 $1 coin Obverse

Barbados 1989 $1 coin Reverse

Barbados 1989 $1 coin Reverse

Identification code: Barbados KM-41.2

Date: 1989

Mint Mark: n/a

Mintage: unknown (but 1988 was 3,154,000)

Country of origin: Barbados

Composition: Copper Nickel

Size: 25.5 mm

Weight: unknown

Other details: This coin is minted on a 7 sided planchet. This heptagon shape is very unusual for coins, but it makes identifying the value of the coin easy for the blind.

Estimated Value: $1.50 or so