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64peace_obs

Few coins are more notorious than the 1964-D Peace dollar. And unless you were one of the few Denver Mint employees rumored to have purchased one of these in May 1965 (when they were actually struck), these reproductions are as close as you can get.

 

So how did the 1964 Peace dollar even come into brief existance? Politics! You see, in 1964-1965 silver coins were close to or exceeding their melt value. But the country had plenty of paper silver certificates - which you could exchange for nice big cartweel silver dollars on demand. The one part of the nation that absolutely needed those silver dollars was Las Vegas, Nevada. Gambling was booming, and they liked their silver dollars in the slots, the gaming tables, and in the till. They pressured Johnson to order new silver dollars to be struck in early 1965 (dated 1964 to get around the Coinage Act of 1964 removing silver from circulating coinage). 316,076 Peace Dollars were struck at the Denver mint that month, before Congress overrode the Presidential order and demanded that production cease. In the uproar of the silver coinage crisis, they were all destroyed. Or were they?

 

If you have one, don't tell. They are illegal to own.

 

These wonderful reproductions, both as an exact-size Uncirculated and an exact-size Proof, are marked on the reverse shows "COPY", (neatly worked into the design below the word DOLLAR), in accordance with the Hobby Protection Act of 1973 and produced by the Royal Oak Mint.

 

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Taken on November 18, 2007