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Cheap Silver: 1923 Peace Dollar For Grading

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Author Previous TopicReplies: 19 / Views: 2,816Next Topic Page 2 of 2
Rest in Peace
10197 Posts
 Posted 11/26/2017  11:25 pm  Show Profile   Bookmark this reply Add Crazyb0 to your friends list
Don't like that rim on reverse, pretty beat up. with all the gluck on it and typical weak reverse, BS62 (Bad stain, bad stuff, bad ****, whatever S you attach...)
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2125 Posts
 Posted 11/27/2017  06:07 am  Show Profile   Bookmark this reply Add bandsdean to your friends list
MS-62 Not a fan of the stains. Nice for a type coin.
Rest in Peace
United States
17900 Posts
 Posted 11/27/2017  09:01 am  Show Profile   Bookmark this reply Add moxking to your friends list
You paid exactly what it is worth. MS 62, 63 if the gunk isn't hiding something.

Certainly due for a few laps around the acetone pool.
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 Posted 11/27/2017  11:25 am  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list
MS-63
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Learn More...
United States
5029 Posts
 Posted 11/27/2017  11:37 am  Show Profile   Bookmark this reply Add scopru to your friends list
It's a Peace dollar - you can't go wrong there :)

Be nice to see once you give it a once over in the acetone.

I'll go MS63.
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 Posted 11/27/2017  3:59 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
I guess 63 is OK but it lacks curb appeal.
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 Posted 11/27/2017  8:00 pm  Show Profile   Bookmark this reply Add paralyse to your friends list
My LCS buys raw AU-Unc Morgans & Peace common dates @ 25-30 each so if I stack 20 of them @ less than 20 each I make about $100 per roll at least. Not a lot, but it helps. They then turn around and sell the Uncs for $40-$60 each. (!!)


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"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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 Posted 11/27/2017  8:17 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list
MS-63.
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 Posted 11/27/2017  8:34 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list

Quote:
They then turn around and sell the Uncs for $40-$60 each.


Or do they ASK 40-60$ - I was at the LCS I go to and he had people in there selling walkers and Franklins - he was buying them (Good collectibles, not Cuds) for $5 dollars a piece. Wanted to tell the people I'd pay $7 but he would have thrown me out!
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 Posted 11/27/2017  10:29 pm  Show Profile   Bookmark this reply Add paralyse to your friends list
Well, considering I went there a month ago and he had about 40 of them in 2x2's in a box on the front counter, and when I went back 2 weeks ago he had only 8 of them left, I'd reckon they sell pretty decent. I bought a couple of "Uncirculated" 83-O's out of a walk-in purchase for $35 each, and got exactly what I paid for, MS62-MS63. The owner buys a LOT of estates and walk-ins and is pretty honest. Last visit he had to burst some poor guy's bubble who came in wanting to sell a mini-hoard of 2,600 copper Lincoln Memorial Cents. The guy had read somewhere that they were worth more than one cent (true) and that when he had "at least 2000" he could get them melted at a gold/silver shop and make some money (not true.) Poor guy had been saving them up for 6 years. He will also hold coins for customers who are working on sets -- a gentleman came in and picked up a nice PCGS VG10 1916-D Mercury dime while I was there, it was the last one he needed to finish his set -- I was not going to be rude and ask the price, but it was a decent few $100 bills going across the counter. Currently, he has a nice PCGS VF35 1809 Bust Half I'm lusting after, super original and a bit crusty, and I'm going to keep working him on the price. I am not a big bullion collector but I buy a couple silver rounds from him when I visit, just to make nice.

On the other hand, a couple of months ago, a guy was going through the junk/cull Morgan box. He commented that the coins looked really dirty. The owner advised him that since the coins were only worth silver content, it was okay to clean them to get all the dirt off!!

...that's the same box that has yielded two 1878 8/7TF's, a long nock 78S, and an 1899 Micro O for me so far!
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"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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 Posted 11/27/2017  10:49 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list

Quote:
Well, considering I went there a month ago and he had about 40 of them in 2x2's in a box on the front counter, and when I went back 2 weeks ago he had only 8 of them left,


That may be but I also know that's a selling ploy by dealers - show how many have (NOT) sold. Was that incentive enough for a knowledgeable collector like you to by one? Of course not, but to an uninformed person, Hmmmm! I never believe: Insurance salesmen, Car dealers, Coin shop owners, and actually pretty much anybody trying to sell something to make a living off of uninformed people! Oh no, just offended more salesmen - OH well!
Edited by Mark1959
11/27/2017 10:50 pm
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 Posted 11/27/2017  11:02 pm  Show Profile   Bookmark this reply Add paralyse to your friends list
I'm a former used car salesman, and not even remotely offended. Gotta make a living somehow ;)
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 Posted 11/27/2017  11:08 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list

Quote:
I'm a former used car salesman


I knew I'd get in trouble by saying that - sorry.
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 Posted 11/27/2017  11:11 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list
The local coin shop near me has a bin of 1923 Peace dollars for $18 each that honestly look slightly better than the one in the opening post. The dealer said that they are from a roll of UNCs. Should I consider them a bargain or not?

Honestly common date Peace dollars these day seem to have really soft demand from my perspective.
Edited by Joe2007
11/27/2017 11:14 pm
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 Posted 11/27/2017  11:14 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list

Quote:
Should I consider them a bargain or not?


Ask if you can take some pictures, post them on here, and see what kind of responses you get. $18 sounds great BUT...........
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