1809 James Madison Indian Peace Medal. First Size. First Reverse. Bronze. 76 mm. Julian IP-5. MS-64 BN (NGC).A beautiful example with satiny autumn-brown surfaces that exhibit hints of olive patina as the medal rotates under a light. The rims are smooth and clean, as are the surfaces with the exception of a few trivial marks and carbon flecks that do little more than preclude a full Gem grade. According to Julian, dies for this medal were not finished until 1814, but the style and specifically, the reverse die, would remain in use into the 1840s when it finally was so worn that replacement was necessary. The replacement die was used for restrikes after about 1846, so this piece struck by the original reverse die with pointed-top As was made between 1814 and 1846.
