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1922 Silver Binion Collection MS62 NGC Peace Dollar Coin - 436-646


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436-646 - 1922 Silver Binion Collection MS62 NGC Peace Dollar Coin
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1922 Silver Binion Collection MS62 NGC Peace Dollar Coin

You will receive one 1922 Peace Dollar from the Ted Binion Collection. The coin is graded MS62 by NGC. NGC created a special "Cowboy" label with mint mark from P, D or S. After his death, it was discovered by Nye County sheriff's deputies that Ted Binion, part owner of the Horseshoe Casino in Las Vegas, had a 12-foot-deep vault built on the desert floor on a piece of property he owned in Pahrump, 60 miles west of Las Vegas. The concrete bunker contained six tons of silver bullion, Horseshoe Casino chips, paper currency, and more than 100,000 rare coins, including Carson City silver dollars-many in mint condition - estimated to be worth between $7 million and $14 million-that were once housed in the Horseshoe vault.

The Pahrump underground vault would play a major role in the investigation into Binion's death. His daughter later sold a majority of the collection and had it authenticated by NGC with the special " Cowboy" label. The Peace dollar is a United States dollar coin minted from 1921 to 1928, and again in 1934 and 1935. Designed by Anthony de Francisci, the coin was the result of a competition to find designs emblematic of peace. Its reverse depicts a Bald Eagle at rest clutching an olive branch, with the legend "Peace". It was the last United States dollar coin to be struck for circulation in silver.

Specifications:

  • Coin Type: Currency
  • Certified: NGC
  • Grade: MS62
  • Diameter: 38.1 mm.
  • Denomination: One Dollar
  • Mintage Year: 1922
  • Obverse: Liberty
  • Reverse: Perched Bald Eagle
  • Measurements: 2.25"W x 3.25"H (1.0 lbs).

    Distributed by American Collectors Mint, LLC.


    Dollars    


    Coin Glossary:

    Die: An engraved piece of metal used to stamp a design on a coin.

    Die crack: A small, raised imperfection on a coin resulting from a crack in the stamping die.

    Early release: The Numismatic Guaranty Corporation (NGC) uses this designation for U.S. Bullion Coins during the first month of release from the U.S. Mint. To qualify for Early Release designation, NGC must receive the coins within 30 days of their release by the US Mint or properly documented as being received by an NGC approved entity within the same 30-day release period.

    Encapsulated coin: A coin graded and authenticated by a professional coin service, then sealed in plastic.

    Field: The typically flat area surrounding the relief and not used for legend or inscription.

    Legal tender: Official money issued by the government.

    Legend: The coin's primary lettering.

    Lettered edge: An inscription added to the edge of a coin.

    Luster: The quality of the surface brilliance on a Mint State or Uncirculated coin.

    Mercury dime: Issued from 1916 to 1945, this U.S. dime featured a representation of Liberty in a winged hat that was commonly mistaken for the ancient god, Mercury.

    Mint: A government controlled coin production facility.

    Mint mark: A small letter stamped on a coin that indicates its mint origin, ex. "D" for Denver.

    Mint Set: One coin from each of the available denominations in a particular year, produced by a single mint and made for circulation.

    Mint State (Uncirculated): A regular production coin never used in trade and existing in its original condition.

    Mintage: The number of coins produced.

    NGC: Numismatic Guaranty Corporation.

    Numismatics: The collection and study of monetary objects such as coins and paper bills.

    Obverse: Heads, or a coin's front side.

    Patina: Surface discoloration, typically green or brown, caused by oxidation over time.

    PCGS: Professional Coin Grading Service.

    Planchet: A blank metal piece used to produce a coin.

    Proof: Expertly polished planchets and dies produce these coins which feature an extremely high quality strike, resulting in unmatched detail and brilliant surface finish.

    Reeded edge: A coin edge finish featuring parallel vertical grooves all the way around.

    Relief: The raised portion of a stamped design that sits above the coin's field.

    Reverse: Tails, or coin's back side.

    Rim: The raised ring around the perimeter of a coin designed to reduce wear on the relief.

    Strike: The act of stamping a coin.

    Truncation: The bottom edge of a portrait or bust.

    Wheat penny: Lincoln cents issued from 1909 to 1958 bearing the wheat ear design on the reverse.




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