Two high-relief 1922 Peace dollars have been discovered in a Concord, Ca., bank vault. Each coin was in a 2″ x 2″ manila coin holder, inscribed” 1 of first 20 struck — 1922 given by Raymond T. Baker Sec of Treas.” (Baker was actually the Director of the U.S. Mint from 1917 to 1922.)
Both coins have been graded by PCGS — one at Matte Proof 64, and the other at Matte Proof 67, which ties as the finest example known. Before this discovery, there were less than a dozen known examples of this rare coin, in all grades. These coins with be offered by famed coin auctioneers Ira and Larry Goldberg in their June 1-4 auction.
(Note that the Numismaster story linked above incorrectly states that Baker’s first wife died on the RMS Lusitania. She was the widow of Alfred G. Vanderbilt, head of the Vanderbilt family who died on the torpedoed ship in 1915.)