1935 $1 MS63 Certification #38353459, PCGS #7378

Expert Comments

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).

Numismatic Information

Commentary: The 1935, like the 1934, came out on the market slowly and over a long period of time. Little attention was paid to the issue in numismatic circles.

Circulated grades: Worn coins are slightly scarce now and are mostly in higher grades such as EF and AU. In the 1950s, mixed bags of dollars abounded with these and other issues of 1934 and 1935.

Mint State grades: The 1935 is readily available in Uncirculated grade. Most are in MS-60 through 63 or even 64 grades. MS-65 pieces are scarcer but can be found with ease. Lustre is often satiny, rather than deeply frosty. The strike is usually decent, including on the center of the reverse. Cherrypickers would go out of business if all Peace dollar issues were like the 1935!

Some pieces show abrasions, often prominent on the face of Miss Liberty. It is not unusual for a 1934, 1935, or 1935-S to have frosty fields with few bagmarks, but to have the face nicked up, the latter possibly being from marks on the original planchet.

Varieties

Circulation strikes:

1. Breen-5739. Hub combination III-B2. VAM-I. Just the one variety.

Dies prepared: Obverse: Unknown; Reverse: Unknown.

Circulation strike mintage: 1,576,000

Estimated quantity melted: Unknown.

Characteristics of striking: Usually well struck and frosty with a satiny surface.

Known hoards of Mint State coins: I am not aware of any extant mint-sealed bags. Rolls sometimes come on the market.

Commentary

The 1935 in Mint State is usually seen with satiny lustre and nicely struck.

Additional Information

Silver Price Amended

The Annual Report of the Director of the Mint, 1935, told of a silver price amendment:

"Under Executive proclamation of December 21, 1933, the price to be paid by the mints for newly mined domestic silver was fixed at 64.64 cents. This proclamation was amended by a proclamation of April 10, 1935, fixing the price at 71.11 cents. A further proclamation of April 24, 1935 raised the price to its present level of 77.57 cents."
PCGS #
7378
Designer
Anthony de Francisci
Edge
Reeded
Diameter
38.10 millimeters
Weight
26.73 grams
Mintage
1576000
Metal
90% Silver, 10% Copper
Pop Higher
4921
Pop Lower
3564
Region
The United States of America
Price Guide
PCGS Population
Auctions - PCGS Graded
Auctions - NGC Graded

Rarity and Survival Estimates Learn More

Grades
65 or Better 140000 R-1.9 8 / 23 TIE 9 / 24 TIE
All Grades 40000 R-2.6 13 / 23 TIE 13 / 24 TIE
60 or Better 3500 R-4.3 16 / 23 16 / 24
65 or Better 140000
All Grades 40000
60 or Better 3500
65 or Better R-1.9
All Grades R-2.6
60 or Better R-4.3
65 or Better 8 / 23 TIE
All Grades 13 / 23 TIE
60 or Better 16 / 23
65 or Better 9 / 24 TIE
All Grades 13 / 24 TIE
60 or Better 16 / 24

Condition Census Learn More

Pos Grade Thumbnail Pedigree and History
1 MS66+ PCGS grade MS66+ PCGS grade
1 MS66+ PCGS grade MS66+ PCGS grade
1 MS66+ PCGS grade
1 MS66+ PCGS grade MS66+ PCGS grade
1 MS66+ PCGS grade
MS66+ PCGS grade #1 MS66+ PCGS grade
MS66+ PCGS grade #1 MS66+ PCGS grade
#1 MS66+ PCGS grade
MS66+ PCGS grade #1 MS66+ PCGS grade
#1 MS66+ PCGS grade