Indian Peace Medals
Finest Known Silver "James Madison" Indian Peace Medal Julian IP-7 Rarest / Smallest Size (51mm) Choice Prooflike About Uncirculated ANACS Certified Genuine
1809 Silver James Madison Indian Peace Medal. 51mm. Smallest Size. Struck at the United States Mint in Silver. ANACS Photo Certified Genuine. Holed at top for suspension. Choice Prooflike About Uncirculated.
Julian IP-7. Belden-22. Prucha-40. 51mm (smallest size). Struck at the United States Mint. An exceptional opportunity to acquire a significant piece of American history. This is an extremely rare, original version of this 1809 Silver James Madison Indian Peace Medal that was actually presented to an Indian Chief, as evidenced by the suspension hole at top and the trifling wear on either side and very minor outer rim bump at 5:00 on the reverse. Indian Peace Medals that were actually presented are of the greatest rarity because most were either lost, buried along with their recipients, or they have been passed down from one generation to the next, remaining tightly held by the descendants or even sequestered in museums. Indian Peace medals were used by the U.S. Government to pacify the Native American Indian tribes by cementing relationships and treaties, and to recognize and ratify the leadership of the major Chiefs. They are among the most popular and desirable of all United States medals and the rare, with the Silver versions being the most eagerly sought after and prized by collectors. The first example we have encountered of the Julian IP-7 medal in this rarest small size during our many decades of specializing in Indian Peace Medals. This current specimen is the finest known James Madison for its type, and certainly one of the finest quality Silver examples we have seen of any type, anywhere! Overall, an outstanding major United States medal rarity, never to be improved upon and destined for the most important of collections. Accompanied by a Photo-tied Certificate of Authenticity from the American Numismatic Association Authentication Bureau. For a prior comparable sale, we point to our February 13, 2015 EAHA Auction sale, Lot 357 graded Very Fine, where we sold a Medium Size (62mm) 1809 Silver James Madison Indian Peace Medal for $57,000. This smaller size, vastly superior quality medal is of much greater rarity. It has exceptional sharpness of strike, gorgeous highly reflective natural silvery-blue toned surfaces providing wonderful eye appeal. We trust it should set a record price for the type.