1964 peace dollar

Yeah my '64 is an error too, struck as a 1924. Bravo sjnebay!
Nick

 

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This to me is one of the Great Coins Mysteries of the 20th Century. I remember reading that intitially after minting Mint employees recieved some and others were given by Mint official as gifts. I find it hard to belive that there aren't a few out there. What's the statute of limitations on this and what about the "collector clause" which allows non-monitized coin to be held as collectibles? Gotta go do some research!

The mint meltdown settles nothing since they didn't check dates, a mint employee could have dumped in a old bag of '24s and have a bag of '64s up in the addict

 

Yes, deep in the hills of Wyoming lies the hoard and the hoarder!!!

 

All right Terry, you and Doug keep this up and I will make a fortune by renting out shovels to flatlanders who come here and want to dig in the sand dunes. That is O.K. as every time the wind blows they have to start all over again.

 

I think a hoard of the 1964 Peace Dollars is located underground on a ranch in Texas owned by the family of a former president. Just a hunch, but it wouldn't surprise me either.

 

There was one in August 2004 issue of the Numismatist.

Because they've traded hands unimpeded several times without Federal intervention, the government would have a hard time making a case to reclaim those coins, but the circumstances of their creation and/or dispersal are questionable.

Assuming the Mint sold (or traded) the coins to Mint employees, that is a legal transaction. The coins were released. Just because the Mint wants to recall them doesn't mean they can, legally. A car dealer can't come and take back the Ford Edsel you bought simply because Ford changed their mind on the car. However, the Federal Government could make your life very difficult if you don't bend to their will. In many ways, that's exactly what happened with the 1933 Double Eagles. The government just kept taking them back until somebody had the brass, and the paperwork, to tell them to stick it.

Yes. The real question is, do you have the brass, paperwork, and patience to tell them to stick it?

 

If I had a 1964 Peace dollar I'd find the brass and the patience, I don't know what paperwork is neccessary, but with computers these days you can come up with anything. A single coin would easily be worth millions. Unless a bag of them cropped up. Even then, they would fetch six figures as there would only be a few hundred and there would be significant demand from those wanting to complete sets or trophy coin.

October 2004 Numismatic had a cover story on the '64 Peace dollar, I'm trying to get a copy myself!