1922 Proof Peace Dollar - Satin Finish-Low Relief

Coin Details

Auction Record

$108,000 PR63 01-15-2023 Heritage Auctions

Description

The 1922 Proof Peace Dollar - Satin Finish-Low Relief is a proof dollar struck at the Philadelphia Mint, part of the Peace Dollars 1921-1935 series. With a mintage of 10, this is an extremely rare issue — ranked 2nd of 8 mint variants by mintage, with less than 1% of production. The obverse features a youthful Liberty facing left wearing a radiate crown, designed after sculptor Anthony de Francisci's wife Teresa and the reverse displays a bald eagle perched on a rock above the word PEACE, with rays of sunlight. The relief was lowered for mass production after the high-relief 1921 dies caused striking problems. Combined 1922 production across three mints exceeded 84 million — the highest in the series. As a proof issue, this coin was struck multiple times on specially prepared polished planchets using polished dies, producing mirror-like fields and frosted design elements prized by collectors. Struck at the original U.S. Mint facility, in continuous operation since 1792. Estimated market value is approximately $313K. Struck in 90% silver, 10% copper, weighing 26.73 grams, 38.1 mm in diameter, with a reeded edge. Cataloged as PCGS #570498.