PCGS Will Pay You $10,000 Just To See This Coin! 8


It’s true! PCGS originally made this offer in 2013. They will pay you a $10,000 reward to see an authentic 1964-D Peace Dollar. As of this posting, there hasn’t even been one seen in public. It’s like the Holy Grail of modern US coins. Every collector wants one, let alone see one.

Brief HistoryDenver Peace Dollar

Peace Dollars were minted between 1921 and 1935. Like the Morgan Dollar, a number of them have been minted and these 24 coins could be a good investment, especially if silver rises. The US mint was thinking about minting them in 1936, but in the midst of the Great Depression, there wasn’t a demand for them and the Peace Dollar was done, or so we thought.

In 1964, Congress approved the minting of 45 million Peace Dollars to avoid shortages, especially at banks. Many thought this would not cover what was need. Also, the price of silver had rose during the 1960’s and there was fear that people would hoard these new dollars. There was considerable controversy, but on May 12, 1965, production began in Denver. The silver dollars would still have the year 1964 on them and would also be 90% silver like the dollars before it. A total of 316,076 dollars were minted before they were told to stop on May 24th. It was decided that these would not benefit the people or businesses that would have needed it the most, and the order came through to destroy all of them. As far as the US Mint was concerned, all 1964-D Peace Dollars were melted, but there were rumors that some may have made it out, possibly by mint employees.

To make sure this didn’t happen again, the Coinage Act of 1965 was signed by President Lyndon Johnson on July 23, 1965 to stop production of silver dimes and quarters and reduce the silver in half dollars. Dollars would not be considered again for 5 years, and by then, 90% silver coins were long gone from circulated coins.

As for any 1964-D Peace Dollars out there, since they were never officially released in circulation, owning them would be an illegal offense. This is the reason we may never see an authentic one. However, there are a number of counterfeit ones out there. If someone was brave enough to bring one to PCGS, they would definitely authenticate it before paying the owner $10,000.

Other Coins PCGS will pay a $10,000 reward for

  • 1894-S Barber Dime – only 24 were known to have been minted, and only a little more than half have been found
  • 1873-S Seated Dollar – The Coinage Act of 1873 would stop production of silver dollars (except for trade) for five years. Only 700 would be minted in San Francisco, but none have been found
  • 1841-O $5 Half Eagle – There were 50 minted in circulation and only 2 have been seen
  • 1849 Templeton Reid $25 – Only one is known to exist. Supposedly it was stolen, and the robber melted it instead of getting caught, but it was never confirmed.

Could you use an extra $10,000?

If you had a 1964-D Peace Dollar, would you show it to PCGS for $10,000? It would be pretty tempting.

 


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8 thoughts on “PCGS Will Pay You $10,000 Just To See This Coin!

  • Rohill

    Hello, your website was very unique and i got really into your website. I love the option of the subscribe feature on the site, it really helps you to connect with the users on your website, and it help people to gain trust! The added quiz was fun to play, but the only thing i would like to add is to make the time start from 30 seconds rather and 20 seconds, i really panicked when the time was going to so quickly. Keep up the good work! Cheers

  • Kayla

    Wow, that’s so cool! I didn’t know you could make that much money just off of a coin. I will have to make sure to watch out for that coin, maybe I will get lucky. Haha. Anyways, thank you for the information and great layout of your website. It kept me engaged.

  • Mijareze

    I have never been a coin collector. I find it hard to believe that anyone would pay $10,000 just to see a coin. At any rate, one could conclude that collecting coins is a good venture.
    I have known people who collect coins, but I thought the exchange wasn’t much more. It goes to show how much I know about coins.
    The closest I came to collecting coins is the new quarters that were released over the period of a few years. I bought this cardboard $.25 holder. I managed to collect the majority of them, then one day I noticed it was gone. Somebody took my $.25 collection, so I have given up on that idea.
    Thank you,
    Edward Mijarez

    • Kevin Post author

      These coins that they are looking for are extremely rare. A couple of them may no longer exist because of melting. That’s why PCGS is willing to pay $10,000 to see them. It’s a once in a lifetime opportunity to see any of these coins mentioned.

      That’s too bad about your quarter collection. I hope you reconsider and start collecting again someday.

  • KeldynFrancis

    This is a really interesting article. Cannot believe one of these peace dollars has not been seen yet. It makes me think there is one in a shed somewhere waiting to be found. I see you focus on US coins however do you have any suggestions for collecting Australian coins as an investment or am I wasting my time?

    • Kevin Post author

      I don’t know much about coins outside the US but I would think the same rules apply in terms of investing. Buy silver and gold coins while they’re still low.