1922-S Peace dollar

[bigwater]

I think I've uncovered a valuable coin in my collection and would like to receive some feedback from you guys that are more knowledgeable about this than I am.

By all the research I can do, this appears to be a 1922-S proof low relief satin Peace dollar. I'm having a hard time researching the coin, because I can find no pictures of a S mint mark for this coin anywhere, although I know they were minted with the S mark. As you should be able to see from the picture of the obverse, there is a tiny S engraved at the base of the tail of the eagle. I don't know if this is a normal S mark for this coin because I can't find an example of a specimen. What do you guys think?

 

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[Diver_Down]

The good news is that you do have a 1922-s. The bad news is that the proofs were made in Philly. Your coin is worth about $17.

 

[bigwater]

Thanks for that information. The information available on the internet for this coin is very vague. I couldn't determine anything about it other than the difference between high relief, low relief, satin and matte finishes, and lots of conflicting information regarding the valuation and availability of any of them. One site says the mint mark for the proofs is double struck but never mentions what mint the proofs were stamped at, and doesn't show pictures of the coin. Philadelphia mint generally doesn't strike a mint mark, and San Fran is generally the mint that strikes proofs. This S is certainly a much higher relief than the rest of the coin, so the double strike mint mark information led me to a cautious assumption that this could be a rare '22 proof low relief. Matte vs Satin was another stumper, because it's hard to tell the difference from a jpeg off the internet. From the description and a lot of time comparing the difference between the two, I "felt" like it was a satin... although the value is not that much greater.

Regardless, I'm not into it for the dollar value of the coin, I just like to know what I have. I probably wouldn't sell it even if it was one of a kind unless I needed the money to treat a tumor or something. Thanks for your input here.

 

[Diver_Down]

The problem is that Philly struck all proofs early on. San Fran only became the "Proof Mint" for modern proofs.

 

[bigwater]

Got you. I'm not trying to be argumentative, and certainly don't doubt your expertise. I'm just a newbie to the whole coin collecting thing and need to get up to speed. Not to drag this topic out any further than it needs to go, but how does one evaluate whether or not a coin is a proof when one of the descriptive characteristics is a double struck mint mark, yet it comes from a mint that doesn't strike a mint mark? Is there some sort of other identifying mark on a Philadelphia coin other than the absence of a P that would identify it as coming from Philadelphia, and what would identify it as a proof?

 

[Diver_Down]

Got you. I'm not trying to be argumentative, and certainly don't doubt your expertise. I'm just a newbie to the whole coin collecting thing and need to get up to speed. Not to drag this topic out any further than it needs to go, but how does one evaluate whether or not a coin is a proof when one of the descriptive characteristics is a double struck mint mark, yet it comes from a mint that doesn't strike a mint mark? Is there some sort of other identifying mark on a Philadelphia coin other than the absence of a P that would identify it as coming from Philadelphia, and what would identify it as a proof?

You're not being argumentative. Just curious and confused from what you read. No problem. I'm just trying to help you out. Your source describing a double struck mint mark is in error. You are correct, Philly doesn't strike a mint mark. To help you out in identifying a proof Peace dollar, I provided a link. http://www.coinfacts.com/silver_dollars/peace_dollars/1922_peace_dollar.htm