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Matte Proofs Consigned to Goldberg

This article was originally printed in Numismatic News.
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The existence of two more matte proof 1922 High Relief Peace dollars has been revealed by Ira & Larry Goldberg Coins and Collectibles, Inc. They have been consigned to the firm’s June 1-3 Pre-Long Beach Auction.

The firm notes that only five to eight of these coins were known to exist until these two were discovered in a bank vault in Concord, Calif.

Each traces its pedigree directly to Raymond T. Baker, the director of the U.S. Mint. Each was carefully tucked away in an old manila 2x2” coin envelope and marked “1 of first 20 struck – 1922 Given by Raymond T. Baker Sec of Treas.” (Actually, Baker was officially the Mint director, appointed by President Woodrow Wilson. He served from March 1917 until March 1922.

The two just-discovered coins were passed down from Baker to his second wife, Delphine (Dodge) Cromwell, daughter of Horace Elgin Dodge, who founded the Dodge Motor Company. Baker’s first wife, a Vanderbilt, died when the RMS Lusitania was sunk. These two silver dollars were passed down through the descendants of the Dodge Company until recently.

These two coins were sent to the Professional Coin Grading Service. One is a Proof-67. The other is a Proof-64.

The auction firm said the Proof-67 is the finest known example and the only Proof-67 graded by PCGS. The Proof-64 is one of only three at this level.

These coins and the accompanying documentation prompt new questions, according to the auction firm. Were the first 20 coins handled differently than other 1922 Peace dollars to follow? Were all 20 given the same deep matte finish as the two coins just discovered?

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