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 Replies: 31 / Views: 5,381 |
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Pillar of the Community
United States
1499 Posts |
If you are able to attend some major coin shows, you would see a lot of certified Peace dollars in Mint State that are certified. The common dates are not expensive in grades up to MS-64, and you can find some very pretty coins at the level if you shop for them. I don't think that the Peace dollar is all that attractive. The 1921 is nice if it is well struck, but the later dates are not as nice. The coin is okay, but it doesn't have the "romance of the old west" the way the Morgan dollars have. Here is one I bought years ago for less than $50 in MS-64.   |
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Bedrock of the Community
United States
17884 Posts |
Quote:
It wasn't issued until 1921 for several reasons, the first being that victory in 1918 was not planned, 1919 or even 1920 were the expected outcome, many of the mint employees were in the service, and Great Britain was using much of our silver reserves to pay Indian Army sepoys in Rupees. The reason the Peace dollar wasn't issued until 1921 was because WWI didn't end until 1921. The Armistice in 1918 was just a cease fire. The peace treaty that officially ended the US's involvement in the conflict was signed in August 1921 but not ratified until November 11th of 1921. That was the reason for the rush job and small mintage of the 1921 Peace dollar. The authorization required the coin to be struck in the same year the peace treaty was ratified. |
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Valued Member
 United States
104 Posts |
Thanks for the great responses, everyone. I'm currently saving up for a nice MS 63 example of the 1921 coin. :)
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Pillar of the Community
 United States
5828 Posts |
What?!?!?! WW1 didnt end until 1921?! Now THAT's a cool fact!
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Pillar of the Community
United States
3283 Posts |
The deal is they are awesome
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Pillar of the Community
United States
1192 Posts |
You guys were right .. I meant PL or DMPL NOT CAM/DCAM, sorry for the confusion. Is there a formal TPG designation for PL or DMPL? I don't see it on the PCGS price guide. This looks pretty awesome but it isn't a real Peace dollar. http://www.dc-coin.com/images/produ...64d_dmpl.jpgOne other question. Do you guys ever think the 1924-P and 1925-P will break away from the super common coins of 1922 and 1923? The mintages are considerably lower on the 24 and 25 but they are always lumped into the same category of the common 22-P/23-P. It'd be interesting to know how many of these coins have been melted down to know what's truly left out there. I feel like Peace dollars are always cleaned/dipped so original uncirculated ones should have some long term upside IMO. Mintages for reference. 1922 51,737,000 1922-D 15,063,000 1922-S 17,475,000 1923 30,800,000 1923-S 19,020,000 1924 11,811,000 1925 10,198,000 |
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Pillar of the Community
United States
1450 Posts |
If you can afford a 1934-S in MS64-65 that is a freakish coin in that grade which may be worth quite a bit down the road unless someone finds a horde of 34-S coins in MS65 condition. I think getting a MS63-65 is a good idea. If you could afford a 1916 LSQ in MS63-65 that would be an almost sure thing for a profit if you can afford to wait. If people are still collecting coins in thirty years there are a lot of things you could buy today that would probably net you a nice profit in 30 years. Really if somehow a younger person could just buy some of these coins and put them in a safe deposit box for 20-30 years it would be like having an IRA the size of a slab. You know back in Nixon's reign those GSA Morgans were selling for what today amounts to small change. Look at the way those coins have appreciated! However, many of us are just not thinking in that vein when we are 20 years old.
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Bedrock of the Community
United States
17884 Posts |
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You know back in Nixon's reign those GSA Morgans were selling for what today amounts to small change. Look at the way those coins have appreciated! However, many of us are just not thinking in that vein when we are 20 years old. The GSA dollars, at least the common date CC's would have been lousy investments for people who bought and held them from back then. Yes they were small change back then (from todays viewpoint, not from the view at the time) but they pretty much went nowhere til they made a big jump in the 90's, and they haven't moved much since then. If you bought them at the going rate in the early 70's and held them til today you annual rate of return is between 1 and 1.5% with inflation at around 3%. As with any investment timing is everything. If you had bought in the late 80's and sold in the early nineties you would have paid the same amount and received the same amount but your rate of return would have been closer to 200%. |
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Pillar of the Community
United States
1450 Posts |
Generally speaking coins, precious metals, real estate, art etc. are pretty lousy investments for most people. This is why I try to separate investing from collecting. If what you buy does not pay interest, dividends or rent money then it is usually a poor investment. When you buy a stock you are buying a part of American business. American business has increased in value for a few hundred years. Maybe there will come a time when this in no longer true.
If your grandfather had collected good coins for 50 years and then left it to you in his Estate then that would have been a good investment made for you. I get what you are saying Conder101. The worst investment I can think of for almost all people is buying gold and silver. Bull markets are rare but the function of buying gold and silver is insurance against financial world-wide melt down or hyperinflation. Except for that coins and bullion are a pretty bad investment since they pay no dividends and there are costs associated with selling them.
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Pillar of the Community
United States
1629 Posts |
Quote:If you are able to attend some major coin shows, you would see a lot of certified Peace dollars in Mint State that are certified. The common dates are not expensive in grades up to MS-64, and you can find some very pretty coins at the level if you shop for them. I've noticed the TPGs tend to be tougher on Peace dollars. If you compare most MS-64 Peace dollars to most MS-64 Morgans, the Peace will usually be cleaner with fewer marks, scratches and distractions. |
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Pillar of the Community
United States
7390 Posts |
Really aces, in my experience it seems to be the other way around. Ever so slighly though.
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Pillar of the Community
United States
1629 Posts |
We'll have to agree to disagree, with the ones I've seen, it seems the Peace dollars tend to look cleaner than most Morgans of the same grade.  |
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Pillar of the Community
United States
1192 Posts |
Does anyone know why 1923 is widely considered as more available that 1922? Mintage for 1923 was about 20 million LESS but from everything I've read it's the most common Peace dollar in BU. PCGS Populations 1922-P 134,745 1923-P 204,458 Did the 1922's really circulate that much more or did people just not send that year in for grading? |
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Bedrock of the Community
United States
17884 Posts |
Quote:
most collectors don't share your opinion that the design is "breathtaking" I think it's breathtaking, looks like she is gasping for breath. |
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Pillar of the Community
United States
1450 Posts |
Peace dollars just don't have the detail that Morgans have plus there are lots of Morgans that are expensive in MS condition. NO so with the Peace dollars and there are many Morgans so it is a real challenge to finish an entire set and some of the Morgans are almost impossible to get in better condition unless you are wealthy or have been collecting for 50 years. You can collect a set of Peace dollars in a couple of weeks if you try hard enough. However, the Peace dollar is 90% silver just like the Morgan.
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Posted 05/14/2016 09:34 am
