Grade and Condition:
- PF70 (Proof 70) is the highest grade given to proof coins, indicating a perfect, flawless finish with no visible imperfections. This grade is highly desirable, especially for modern collectible coins, as it ensures the coin’s design and surface are pristine.
- Reverse Proof refers to the unique finish where the background fields are frosted, while the raised design elements are mirrored, creating a visually striking contrast. This finish is less common and adds a level of elegance to the coin, making it particularly appealing to collectors.
Design and Historical Significance:
- The 2023 Peace Dollar celebrates the iconic Peace Dollar design, originally issued from 1921 to 1935, which commemorated the end of World War I and symbolized hope for peace.
- The obverse features a portrait of Lady Liberty with a radiant crown, designed by Anthony de Francisci. The reverse displays a majestic bald eagle perched on a rock with the word “PEACE” inscribed below, symbolizing the country’s commitment to peace.
San Francisco Mint and First Day of Issue:
- The “S” mintmark indicates it was struck at the San Francisco Mint, which is renowned for producing high-quality proof and commemorative coins.
- The First Day of Issue designation means that the coin was among the first released, adding a layer of exclusivity. First Day of Issue coins are often highly sought after, as they represent the earliest examples struck and certified, making them more desirable to collectors.
Market Appeal and Collectibility:
- The 2023-S Reverse Proof Peace Dollar in PF70 combines modern minting technology with the classic Peace Dollar design, appealing to both traditional collectors and fans of modern commemoratives.
- Reverse Proof Peace Dollars in top grades are expected to hold their value well over time, as they appeal to collectors interested in the continuation of classic U.S. coin designs in limited-edition modern formats.
- The combination of the Reverse Proof finish, PF70 grade, and First Day of Issue designation makes this coin a standout item, especially for collectors aiming to build a high-quality collection of modern Peace Dollars or U.S. Mint commemorative issues.
Conclusion:
The 2023-S $1 Peace Dollar NGC Reverse PF70 First Day of Issue is an exceptional addition to any collection. Its flawless condition, Reverse Proof finish, and classic design with a modern twist make it a beautiful and valuable collectible. This coin would be ideal for fans of the Peace Dollar series, proof coin collectors, and those interested in U.S. Mint commemoratives.
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