James Madison Indian Peace Medal, 1809. Silver. Third Size. First Reverse. J.IP. 7, Pr.40, B.22. Very Fine. 51.2mm. Rims 3.0 - 3.3mm thick. 888.6 gns. Witness line at 12:00 (from obverse). Nice, deep silver gray color most everywhere, toning line across front. Neatly holed at the top; no loop. Usual signs of handling, fairly serious reverse rim impairments. This size is known in silver originals and copper restrikes. Very rare. The cataloguer has seen only four auction appearances of a small format Madison silver medal in recent years, including two by Presidential (1990 and 1992) and one each by Bowers (1992) and Stack's (1995). This size was missing from the Schenkel and Dreyfuss collections and is probably the rarest of the presidency.
Ex Lt. John M. Wolfe, Jr. on May 27, 1963.
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