SO-CALLED DOLLAR APPEARANCE/CONDITION:

Type III Variety: Uncirculated+ — From the “Jeff Shevlin Collection” (Noted on Slab as Pedigree)

*A handsome, completely untoned issue in lower mint-state. Various contact marks/hairlines seen throughout; contributing to the overall grade. — However, doubling can be seen in the lettering on both the obverse/reverse. A significant ~45-degree die-rotation is exhibited on the piece. — Just 33 examples grade higher; with a sole MS-64 leading the population report.*

SO-CALLED DOLLAR BACKGROUND:

“On Jan. 5, Pedley-Ryan began its sale of round, rimless, plain-edge discs. Size of a standard U.S. dollar, they contained one ounce of silver, 430 grains 99% fine. The slugs were sold three for a dollar and Pedley-Ryan was to redeem them at prevailing market prices of silver.