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Should I Buy These 1928 Peace Dollars?

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Pillar of the Community
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 Posted 06/11/2011  10:09 am  Show Profile   Bookmark this reply Add Coinstar to your friends list
see if they will barter-- offer her 250
Retired USAF 1983-2003
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 Posted 06/11/2011  2:38 pm  Show Profile   Bookmark this reply Add master6238 to your friends list
Maybe she will sell them to you for $240 a pop (about 80% value) and then knock off another 10% for the money you made her lol, about $220 a coin... so yea about $650 for all 3 :)
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 Posted 06/11/2011  4:16 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
I posted in the Photography Forum thread as well.

She has a top-dollar offer on those coins. Let her accept it; you won't be able to profit by matching it, and it'd be wrong to try to bargain her down.
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 Posted 06/11/2011  4:18 pm  Show Profile   Bookmark this reply Add ClinkinKY to your friends list
I agree. I plan to advise her to take their offer.
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 Posted 06/13/2011  12:17 am  Show Profile   Bookmark this reply Add Conder101 to your friends list
If you don't really want them for yourself then I would advise her to take the dealers offer. There really isn't any room there for you. If you wanted for for building a set that would be another matter. (I have to wonder what we are missing. If there is no room for a collector, why is the dealer offering that much? There wouldn't be any room for him either.) Maybe rather than numismedia we should be checking ebay to see what these are actually bringing in the real world?

Do you have better images of the area below ONE? That area is rather dark in these images and I think I may see evidence of a mintmark, especially on the first coin.
Edited by Conder101
06/13/2011 12:23 am
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 Posted 06/13/2011  03:53 am  Show Profile   Bookmark this reply Add ClinkinKY to your friends list
I've already returned her coins and advised her to take them to the coin shop. It now remains to be seen if they were serious about their verbal estimates of worth when it comes time to write the check. As I said, I've already returned her coins, but I can assure you that there was no evidence of any mint marks. I'm not really following your logic here, as the coin shop's estimate of worth would have been lower if they thought that they were possibly S's and not P's. As for ebay prices, the range for coins similar to these were anywhere from $250 to $450.
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 Posted 06/13/2011  10:08 am  Show Profile   Bookmark this reply Add w1a9c8k5 to your friends list
I doubt the coin shop will pay the $300. they will give her a line of thats what they'll sell them for so they'll pay $230.
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 Posted 06/17/2011  05:22 am  Show Profile   Bookmark this reply Add ClinkinKY to your friends list
I'm pleased to report (for my coworkers sake) that the coin shop wrote her a check for $600.00 yesterday, which she promptly cashed at the bank that the coin shop uses for these types of transactions.
She reported that the son of the owner was there and called his father, who asked if this was the same lady who had brought the coins in last week. When it was confirmed that it was indeed her, the father gave the go-ahead to write the check. I think I'm going to have to visit the shop soon and see how much they want for a couple of 1928 Peace dollars:)
Does anyone think they might "dip" these two coins to improve their appearance, and how much do you (anyone) think they will be asking for them?
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 Posted 06/17/2011  07:59 am  Show Profile   Bookmark this reply Add upstate to your friends list
I wouldn't be surprised to hear that they soaked the coins in acetone for a while
to spruce them up.
I would hope he would not dip them in anything harsher.
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 Posted 06/17/2011  08:55 am  Show Profile   Bookmark this reply Add ClinkinKY to your friends list
Is eZest an acetone based dip?
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 Posted 06/17/2011  09:41 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list

Quote:
Is eZest an acetone based dip?


No. The two could not be farther apart. Acetone is a (relatively) benign organic solvent, known not to damage silver. E-Zest is thiourea, a compound which rips stuff off the surface of the coin and will utterly ruin it if not used with knowledge and caution.
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 Posted 06/17/2011  4:11 pm  Show Profile   Bookmark this reply Add Moe145 to your friends list

Quote:
E-Zest is thiourea, a compound which rips stuff off the surface of the coin






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 Posted 06/17/2011  4:23 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list
Not just thiourea, sulfuric acid is the other main component.
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 Posted 06/17/2011  5:42 pm  Show Profile   Bookmark this reply Add Bill L. to your friends list
Guess I'll put my Two Cents in.
I would need to know if that dealer told her they were worth 300.00 ea. -- but am certain he would NOT pay full pop for them, no dealer pays FULL book price for anything.
If it were me I would explain this to the lady in detail, and ask her to again approach that dealer and ask "what is the actual price YOU would pay for them"? I'm sure NOW you would have more room to wiggle. As you said, this date is a strong key date, And worth owning. However, looking at your photos, they are not perfect by any means. Give her the truth, and let it fall where it falls. Nothing ventured -- nothing gained. I'm sure she will listen to you, since you were very honest with her. You are to be commended for your honesty. As you know, there are many out here who would not have been as honest as you.
Good luck,
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 Posted 06/17/2011  6:13 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list
Uh Bill, you might want to read the posts again because the dealer did indeed offer $300 each and made good on that offer. I would guess that the dealer already had one or two customers lined up to offer top dollar like that.


Quote:
I'm pleased to report (for my coworkers sake) that the coin shop wrote her a check for $600.00 yesterday, which she promptly cashed at the bank that the coin shop uses for these types of transactions.
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