1924-S $1 (Regular Strike)

Series: Peace Dollars 1921-1935

PCGS MS66

PCGS MS66

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PCGS MS66

PCGS MS66

PCGS MS65+

PCGS MS65+

PCGS #:
7364
Designer:
Anthony de Francisci
Edge:
Reeded
Diameter:
38.10 millimeters
Weight:
26.73 grams
Mintage:
1,728,000
Mint:
San Francisco
Metal:
90% Silver, 10% Copper
Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades 60,000 R-2.4 4 / 23 TIE 4 / 24 TIE
60 or Better 17,500 R-2.8 3 / 23 TIE 3 / 24 TIE
65 or Better 175 R-7.2 4 / 23 4 / 24
Survival Estimate
All Grades 60,000
60 or Better 17,500
65 or Better 175
Numismatic Rarity
All Grades R-2.4
60 or Better R-2.8
65 or Better R-7.2
Relative Rarity By Type All Specs in this Type
All Grades 4 / 23 TIE
60 or Better 3 / 23 TIE
65 or Better 4 / 23
Relative Rarity By Series All Specs in this Series
All Grades 4 / 24 TIE
60 or Better 3 / 24 TIE
65 or Better 4 / 24

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 MS66 PCGS grade MS66 PCGS grade

Simpson Collection

1 MS66 PCGS grade
1 MS66 PCGS grade
1 MS66 PCGS grade
1 MS66 PCGS grade
6 MS65+ PCGS grade
7 MS65 PCGS grade MS65 PCGS grade
7 MS65 PCGS grade
7 MS65 PCGS grade

Dr. & Mrs. Michael DeMicco

7 MS65 PCGS grade
MS66 PCGS grade #1 MS66 PCGS grade

Simpson Collection

#1 MS66 PCGS grade
#1 MS66 PCGS grade
#1 MS66 PCGS grade
#1 MS66 PCGS grade
#6 MS65+ PCGS grade
MS65 PCGS grade #7 MS65 PCGS grade
#7 MS65 PCGS grade
#7 MS65 PCGS grade

Dr. & Mrs. Michael DeMicco

#7 MS65 PCGS grade
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 8/21/2015).

According to a notice in the June 1934 issue of The Numismatist (p. 416), collectors could still purchase Uncirculated 1924-S Peace Dollars for "the face value of the coins and an amount sufficient to cover the mail charrges by first-class mail."

Q. David Bowers: The following narrative, with minor editing, is from my "Silver Dollars & Trade Dollars of the United States: A Complete Encyclopedia" (Wolfeboro, NH: Bowers and Merena Galleries, Inc., 1993).

Coinage Context

Low mintage: By 1924, Peace dollars were redundant, and no specimens were struck at Denver. At the San Francisco Mint the production was 1,728,000, which was a tiny fraction of the quantity of 1922-S and 1923-S dollars made earlier at the same facility.

Numismatic Information

Commentary: Unlike 1922-S, 1923-S, and 1926-S, of which many bags came on the market from the San Francisco Mint in the 1940s and 1950s, quantities of 1924-S seem to have been paid out only occasionally. A few 1,000-coin bags were released in the late 1950s and were quickly absorbed at prices of about double face value, a high premium at the time. The Redfield estate is said to have had a few hundred Uncirculated coins; no bags.

The low mintage and the relative unavailability of mint-sealed bags combine to make this one of the scarcest issues of the early part of the Peace dollar series, and the rarest S-Mint coin up to this point in time.

Circulated grades: Circulated 1924-S dollars can be found but are relatively scarce. Most are in higher grades such as EF and AU, perhaps indicating that quantities slipped into circulation as late as the 1940s and 1950s, under the noses of numismatists. Most experts agree that the 1924-S in worn grades is among the top eight scarcest of the 24 Peace dollar varieties.

Mint State grades: Mint State 1924-S dollars are scarce, especially in higher grades. The issue is near the top of the rarity list in grades such as MS-63, MS-64, and MS-65.

Most specimens are lightly struck, especially on the reverse, but there are numerous exceptions. Well-struck coins are apt to be expensive, and deservedly so. Lustre is usually average to frosty. Some pieces have a matte-like surface, possibly due to acidetching the surface of the dies to remove polish marks. Bagmarks can be a problem, and some coins have many.

High prices posted in catalogues and auction listings are mostly for better strikes with good lustre. Just as there is not a "standard" Mint State quality for the 1924-S, there is not a standard price.

Varieties

Circulation strikes:

1. Breen-5721. Hub combination II-B2. VAM-1.

Micro S mintmark. One standard variety. Positional mintmark varieties are not collected.

Dies prepared: Obverse: Unknown; Reverse: Unknown.

Circulation strike mintage: 1,728,000

Estimated quantity melted: Unknown.


Characteristics of striking: The average specimen is poorly struck on the reverse.

Known hoards of Mint State coins: Many bags were released in the 1940s and 1950s, but few of these survive today.
Commentary

Mint State pieces are usually seen bagmarked.