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Authorized in 1934, the series ran through 1938 with varying dates and mintmarks to extend sales. The 1937-S, struck at San Francisco, carries a modest mintage of just 2,506 pieces—among the lowest in the program—making high-grade survivors genuinely scarce.
Its obverse features a left-facing portrait of Boone in buckskin, rendered by Augustus Lukeman with restrained detail that emphasizes quiet strength over drama. The reverse depicts Boone confronting a Native American figure against a frontier landscape, a composition that sparked debate in the 1930s for its symbolic rather than literal accuracy.
PCGS has graded fewer than fifty examples at MS-67, with the CAC sticker confirming superior eye appeal within the grade. The mixture of low survival, strong technical quality, and historical context makes the 1937-S Boone a standout in the classic commemorative series.
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