Estimated grade. Sold by B. Max Mehl Jun '41 price realized $4.8
Ron Guth: The 1924-S Peace Dollar is a low mintage date, but one which can be found easily in circulated grades and most of the lower Mint State grades. However, in Gem condition, the 1924-S is one of the great condition-rarities in the Peace Dollar series (the 1927-S is slightly tougher and the 1928-S is much rarer). The difficulty in finding a Gem 1924-S lies in the general poor quality with which these coins were made. Most examples are lackluster, with heavily abraded surfaces, and a poor strike. The few exceptions are few and far between; certainly not enough to satisfy the demand from collectors of this popular series. Only a handful have earned the MS-66 grade and none have been graded finer by PCGS (as of 11/12/2010).
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