1933 HK-821, Nevada Dollar

Coin Details

Auction Record

$1,140 MS64 11-26-2024 Stack's Bowers

Description

This 1933 Nevada Dollar (HK-821) was created when a Pedley-Ryan agent sold blank silver planchets to Sterling Co. in Nevada, who stamped them with their own name and state while using Pedley-Ryan's reverse dies for publicity. The series encompasses seven types (HK-822 through HK-828) produced over the first half of 1933. Type I (60 pieces, January 5) and Type II (15 pieces, January 6) were the earliest, with Type II withdrawn after a fineness error and 'Fine' chiseled out of the die for Type III (fewer than 85). Type IV (up to 500 pieces, January 7 onward) became the most common variety. Type V omitted 'Denver' from the obverse, Type VI featured a 'Robbins on the Corner' counterstamp (300 sold in one day), and Type VII (50 pieces, June 1933) was the sole embossed variety with all previous types stamped incuse. The campaign spawned related state issues: the Montana Dollar (HK-820) and the Nevada Dollar (HK-821), the latter created when a Pedley-Ryan agent sold blank planchets to Sterling Co. in Nevada, who stamped them with their own name and state while using Pedley-Ryan's reverse dies. Together, these Depression-era silver dollars document the moment when silver advocacy, economic desperation, and entrepreneurial initiative converged in the American West during the darkest year of the Great Depression. The so-called dollar collecting community has grown significantly since the Hibler-Kappen catalog's initial publication, with specialized dealers, dedicated reference works, and an active collector base supporting a market that values historical significance, artistic merit, rarity, and condition. Heritage Auctions, Stack's Bowers, and other major numismatic auction houses regularly feature so-called dollars in their sales.

Rarity Notes

The Nevada Dollar is rare, with limited production during the brief 1933 banking crisis. Depression-era scrip so-called dollars are actively sought by collectors of both so-called dollars and Depression-era Americana.

Cross References

HK-821; PCGS #643556