| Slot: |
Bag Toned |
| Origin/Country: |
United States |
| Design Description: |
SILVER DOLLARS - PEACE LIBERTY HEAD |
| Item Description: |
$1 1922 BINION COLLECTION |
| Grade: |
NGC MS 64 |
| Research: |
View Coin |
Owner Comments
Ex Binion.
In the 1990s, Ted Binion, a wealthy Las Vegas casino executive and businessman, famously hoarded millions of dollars worth of bullion that were stored in a large concrete bunker west of Las Vegas. The holdings included several Morgan and Peace Silver Dollars. Several of the coins were stored in canvas bags and the concrete bunker potentially served as a source of moisture, creating ideal toning conditions. Several coins toned including Peace Dollars.
Typical Binion toning is usually thick and dark, due possibly to advanced toning accelerated by the storage conditions in the vault. Nevertheless, attractively toned specimens do exist, suggesting that under the right circumstances, highly attractive Peace Dollar toning can occur. The instant coin is an excellent example. It is unquestionably original and possesses very light and vibrant hues of peace, blue, red, yellow, champagne, and green that form a very convincing color progression customary of old silver dollars. Moreover, the toning is delicate and one can even see claims of elevation chromatics on the date. Both suggest that the coin is naturally toned. The coin is a true treat to view in hand. It is unclear why NGC declined to award this coin a star designation.
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| Slot: |
Bag Toned |
| Origin/Country: |
United States |
| Design Description: |
SILVER DOLLARS - PEACE LIBERTY HEAD |
| Item Description: |
$1 1923 PATRIOT COLLECTION |
| Grade: |
NGC MS 63 |
| Research: |
View Coin |
Owner Comments
CAC - Ex Patriot Collection.
This coin is an absolute treat to view in hand, and appears highly original. It is highly reminiscent of the bag toning that is typically seen on Morgan Dollars, and the coin shows a very convincing progression of light peach, to blue, orange,fusha, magenta, aqua, green, pink, and finally a deep forest green color, that is typical of what one might expect from a Morgan Dollar. Moreover, it apears that there is a crescent shape on both the obverse and reverse suggesting that this could possibly be a crescent toner from where another coin laid on top of this coin in an original mint bag. This was very common in the Morgan Dollar era. The coin is simply stunning, and is highly lustrous in hand. The luster accentuates the vibrant colors in hand. It is probably the finest I have seen in all of my research. The images have not been altered or juiced in any way (other than combining photos), and the picture is an accurate portrayal of this astounding jewel.
CAC awarded a green sticker to this coin indicating that it met CAC's high standards for originality and is a solid quality coin for the assigned grade.
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| Slot: |
Album Toned |
| Origin/Country: |
United States |
| Design Description: |
SILVER DOLLARS - PEACE LIBERTY HEAD |
| Item Description: |
$1 1923 D |
| Grade: |
PCGS MS 63 |
| Research: |
View Coin |
Owner Comments
This coin exhibits a delightful royal blue toning on both the obverse and reverse that emanates from the periphery inward in a very natural color progression. This is highly reminiscent of the toning seen on album toned silver dollars from other eras. The coin was likely placed in a album consisting of a paper or cardboard, and sulfur and other chemicals likely leached onto the coin along the periphery and began the toning cascade that eventually progressed inwards. It is very ironic that such a gorgeous piece resides in a PCGS holder given that David Hall, a PCGS founder, current President of Collectors Universe (a PCGS parent company), and member of the PCGS Board of Experts, has effectively declared rainbow toned Peace Dollars, to include those with blue toning, "is absolutely artificially toned." The coin would not look out of place in a higher graded holder.
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| Slot: |
Envelope Toned or Other After Market Holder Toning |
| Origin/Country: |
United States |
| Design Description: |
SILVER DOLLARS - PEACE LIBERTY HEAD |
| Item Description: |
$1 1924 |
| Grade: |
NGC MS 63 |
| Research: |
View Coin |
Owner Comments
This coin was likely toned by an envelope or other after market holder, and the color progression looks natural for a silver dollar notwithstanding minor discontinuities in the toning. The coin looks highly original to these eyes and NGC agreed. There is no evidence of any suspect coloration, extremely blotchy toning, or toning that appears to sit on the surface of the coin that distinguishes many artificially toned chemicals. There is no oily appearance or pooling of chemicals evident to suggest chemical manipulation. The progression looks very naturally. To my knowledge this coin has never been submitted to CAC.
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| Slot: |
After market holder toning holder |
| Origin/Country: |
United States |
| Design Description: |
SILVER DOLLARS - PEACE LIBERTY HEAD |
| Item Description: |
$1 1922 |
| Grade: |
NGC MS 63 |
| Research: |
View Coin |
Owner Comments
"Fire and Ice."
I admit that this coin will undoubtedly be controversial to many, but I believe that it is consistent with the toning imparted by many after market holders such as those distributed by savings and loan institutions to customers. The experts at NGC seem to believe that the toning is natural and market acceptable.
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| Slot: |
After market holder toning - RETIRED - For Sale |
| Origin/Country: |
United States |
| Design Description: |
SILVER DOLLARS - PEACE LIBERTY HEAD |
| Item Description: |
$1 1922 |
| Grade: |
NGC MS 62 |
| Research: |
View Coin |
Owner Comments
CAC. This coin has been retired from this set and is displayed only to provide another example for further study of Peace Dollar toning characteristics.
Of all of the dollars in the Chesdin Point Collection, this is the only one that I have sold, and it has toning that is more characteristic of most Peace Dollars exhibiting light browns and gold colors albeit in an attractive way. The coin also shows some red hues. My recollection is that the coin is slightly more lustrous in hand. A prominent strip of of different colored toning is noted along the obverse, consistent with a pull tab used on some after market holders to facilitate removal. This may very well have been from one of the cardboard holders issued by savings and loans institutions in the 1960s and later. Upon selling this coin in 2013, the buyer submitted the coin to CAC where it passed CAC's stringent standards for natural/market acceptable toning and is solid for the assigned grade.
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