1924-S Peace Silver Dollar. MS-65 (PCGS).A conditionally scarce Gem to represent this low mintage, key date entry in the Peace dollar series. Bright and beautiful, both sides are sharply struck throughout with a full endowment of smooth, frosty mint luster. The 1924-S represents a radical decline from the silver dollar mintages of previous years, with just 1,728,000 coins struck compared to the 19,020,000 made at the San Francisco Mint the year before. Treasury vaults had been filling up over the previous three years and by 1924 there was little demand for more dollars, either for circulation or storage. Very few of these coins emerged throughout the 1940s and 1950s, and Q. David Bowers reports that the Redfield Hoard is said to have had only a few hundred individual coins. The low initial mintage and paucity of later releases insured that this issue ranks among the scarcer Peace dollars in an absolute sense. Full Gem examples like the present piece are noteworthy rarities, with most pieces softly struck and/or heavily abraded. Definitely a find for the astute bidder.PCGS Population: 97; 15 finer (MS-66 finest).
