1934-S Peace Silver Dollar. MS-63 (PCGS). CAC.An essentially brilliant example dusted in a delightful patina of sandy-gold hues. Sharply struck for the issue and impressively smooth throughout the fields. Technically choice and approved by CAC. Although it did not have the lowest mintage issue in its series, the 1934-S has long been recognized as the rarest Peace dollar in terms of total number of Mint State coins believed extant. Writing in his 1993 reference Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia, Q. David Bowers speculates that many of the 1,011,000 pieces minted went into circulation as early as the mid to late 1930s, most being paid out for face value from the San Francisco Mint or West Coast banks. Dealers and other numismatists active in the market of the 1940s paid little attention to the 1934-S, falsely believing that thousands of Mint State coins were still safely tucked away in vaults at the San Francisco Mint.
