1933 Santa Monica Breakwater Aluminum Variety HK-687
CERTIFIED NGC MS62
Only 62 coins exist in NGC MS62, with only 27 coins graded higher!
Medal struck for dedication of Breakwater; issuer and designer unknown but struck by Los Angeles Rubber Stamp Co. (later LA. Stamp and Stationery Co., which went out of business in the 1960s). Actually, two dedicatory ceremonies held, marking both beginning and completion of project, March 25, 1933, and Aug. 5, 1934, respectively.
Breakwater financed by $690,000 municipal bond issue. First crib, sunk March 25, 1933 "amid dedication ceremonies...promptly broke in two." City "panicked"; abandoned plans for concrete-crib breakwater; finally, rock-mound type constructed of lightweight Catalina stone; completed July 6, 1934. Final dedication program included Pacific Coast and Southern California regattas (major yachting events) and nine days of boat races. Some label Breakwater "a fiasco from start to finish"; say it "is completely insufficient and unsightly...has reshaped the beaches badly by causing uneven deposit of sand...it is now a crumbling wreck."
* Certified NGC MS61.
* Struck from Aluminum.
* Only 62 Coins exist in this grade, only 27 coins ever certified higher.
* Based upon the Hibler Kappen guide to So-Called Dollars, the 1933 Aluminum Santa Monica Breakwater SCD HK-687, has a Rarity Rating of R4, meaning there were only 201-500 known to exist when the guide was written in 1963.
The obverse features an aerial view of breakwater, pier and yacht basin; single small star each side; above Souvenir Breakwater 1933; below Santa Monica, Calif.; beaded border.
The reverse features a full female figure on beach, amusement park in background; below Ocean Park / microscopic L.A.R.S. Co.; around Souvenir from California's Playground; beaded border.
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