VAM 122 is one such die variety designation. “Key” in the coin world usually implies significance: either a diagnostic feature that makes the variety easy to identify, relative scarcity, historical relevance, or strong market interest. This guide explains VAM 122 Key New in depth: how to identify it, its die diagnostics, provenance, grading and market considerations, how to photograph and document examples, and where it fits into a Morgan/Peace collecting strategy.