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Bedrock of the Community
United States
14454 Posts |
we know they were minted, but they were ordered destroyed before they were released
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Pillar of the Community
United States
4589 Posts |
I think there might be one or two say maybe even in King Farouks collection
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Pillar of the Community
United States
986 Posts |
That wouldn't be improbable, after all farouk had the 1933 double eagle...
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Bedrock of the Community
United States
14454 Posts |
yep, its one of those coins like the 1895-P Morgan we know they were minted and we hope there is one out there just waiting on us to find it and we all hear the tales of billybobs friends uncle of his mother inlaws cousins fatherinlaws grandmother found one in a old tin cup under a porch of a million year old house out in nowhere new hampsire
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Member
United States
1154 Posts |
Nice one Bryan. Why were these Peace dollars even minted with no intention for them to circulate |
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Bedrock of the Community
United States
12437 Posts |
They were intended for circulation, several hundred thousand were minted. Unfortunately, the decision was made by Congress to stop using silver in circulating coinage so they were never released.
Edited by biokemist6
07/05/2006 11:30 am
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Valued Member
United States
157 Posts |
Quote:
Originally posted by Bonedigger
Too bad it was never made available. I also believe some were minted but like the 1913 V-Nickel only a few were struck and hidden away either by mint officials from the period or crooked politicians families
This was a much different circumstance than the 1913 V nickel. The 1913 V nickel was an unauthorized fantasy piece struck without authorization from the Mint. As such I don't even consider it a real coin. If anything it should be THIS "coin," not the 1933 Saint Gaudens double eagle, which would be confiscated and destroyed. The 1964-D Peace dollar was authorized to be struck. (They were actually struck in my birth year, 1965). Over 300,000 were made. Some probably left the Mint before the decision to melt them and not officially release them was issued. My understanding is that the Denver Mint "requested" that everyone who possessed any 1964-dated Denver Peace dollars return them to be destroyed. It is not certain that all of them were. It is very possible that a few of them are still out there "in hiding" because they will be confiscated if they surface. Not certain, of course, but it is possible. Some numismatic scholars believe it is not only possible, but likely. A 1974 aluminum Lincoln Cent surfaced fairly recently and was originally graded AU-58 by ICG (I believe PCGS or NGC -- don't recall which -- later graded the same piece MS-62). It will be interesting to see what happens to this coin, as its history was probably similar to the 1964-D Peace dollar's circumstances -- authorized to be struck, a few left the Mint, and the mintage was later melted with extant pieces given out to Congressmen and the like "requested" to be returned. If the '74 Aluminum cent is later judged to be legal to own in any legal battles which may arise in the future upon government seizure of the coin, it could set a precedent to "free" any '64-D Peace dollars which may be in hiding. We'll see! Edited by ziggy29
07/05/2006 3:47 pm
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Bedrock of the Community
United States
14454 Posts |
the image in the post you are showing would be the condition one would expect to find if one were found, because they were never circulated and would have had to be put somewhere safe so it would probably be in the condition like the picture shows. I have no idea if thats an original peice or one of the many "tribute" peices but if it is real you are talking mad money for a coin that if known you have it the Government would come confiscate from you, so just to know you have an original would have to be good enough for the buyer because if word got out their money is gone along with the coin
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Pillar of the Community
United States
772 Posts |
I asked a question a little while ago, I believe it was on Bobby's April Fools Day post about finding a 64 Peace. The question was if one were found (buying out someones collection and there is a 64 Peace of a 33 St. Gauden), how should you go about selling them if you wanted to? You wouldn't want to send them in to a TPG, would you? Just move overseas and hold the sale there? Because with either one of those, the gov't would just take them. Just kinda wondered about that... |
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Rest in Peace
United States
3730 Posts |
I can still remember, all those years ago, how excited I was that there would be a 1964 Peace dollar, and then how disappointed I felt when the news came out that they were to be melted. Hope there's a few floating around somewhere, and someday they might be made public. |
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Bedrock of the Community
United States
14454 Posts |
Quote:Originally posted by jdheyneI asked a question a little while ago, I believe it was on Bobby's April Fools Day post about finding a 64 Peace. The question was if one were found (buying out someones collection and there is a 64 Peace of a 33 St. Gauden), how should you go about selling them if you wanted to? You wouldn't want to send them in to a TPG, would you? Just move overseas and hold the sale there? Because with either one of those, the gov't would just take them. Just kinda wondered about that... I have no idea how you would sell it or why anyone who had one would even want to, but I asked the question on what PCGS would do if one was sent to them on PCGS's forums and was told that they would definately slab the coin and send it to the person who sent it into them and not inform the Gov't but I dont know how true that is |
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Valued Member
United States
157 Posts |
Quote:
Originally posted by Bryan1315I have no idea how you would sell it or why anyone who had one would even want to, but I asked the question on what PCGS would do if one was sent to them on PCGS's forums and was told that they would definately slab the coin and send it to the person who sent it into them and not inform the Gov't but I dont know how true that is Well, they apparently did certify a 1974 aluminum cent as MS-62 (after ICG graded it AU-58). Since the Feds haven't confiscated it to my knowledge, I have to assume that's what they would do. |
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Pillar of the Community
 Canada
1152 Posts |
What do yhou guys think one would sell for? I think it would definitely beat out the 1933 ST. Gaudens, and sell for at least 10 mil.
andrew
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Pillar of the Community
United States
772 Posts |
Quote:
Originally posted by Bryan1315
I have no idea how you would sell it or why anyone who had one would even want to, If I were to buy a lot, not knowing a 64 Peace was in there, it would definitely cross my mind selling it. You would figure $5 million minimum. I would figure you would sell it of all people with your great love for the Peace dollar  Now I know this no normal Peace dollar, and if someone were to sell one, they will probably never see another one in there life. At least until the govt adds the 64 or later to there list of coins that are protected for the owner. That has been a couple months ago but I heard (probably on here) that the govt really doesn't care about 1932 or earlier coins, but the 33 St Gauden's and 64 Peace are not safe. Quote:
Originally posted by Bryan1315
but I asked the question on what PCGS would do if one was sent to them on PCGS's forums and was told that they would definitely slab the coin and send it to the person who sent it into them and not inform the Gov't but I don't know how true that is
Wow... I would not have expected that. I would be very nervous to send that in. I would probably have to drive it there to have it graded, and hire a brinks truck, no matter what the price would be, to return it to a bank vault or something. Because that is not a coin that you could really enjoy too easily. If word gets out you've got one, your life possibly could be in danger. People have killed for a lot, lot less. So I would probably sell the coin, buy some land, put up a house, buy anything I ever wanted, and buy pretty much whatever coins I would want. |
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Pillar Of The Community
3147 Posts |
I am pretty sure there are 1964 Peace dollars "hoards" in the hills of Wyoming!!! This guy has everything except the Sackie mules and I am not real sure he doesn't have the last 3 of them? Until laws are passed that would protect individuls who have obtained coins that are defined as "illegal" for one reason or another a guy/gal would be foolish to even admit they are holding them. Personally I think the 1913 Liberty (V) nickels should have been confiscated years ago as they are the most fraudulant coin ever created but I guess it is okay as long as a mint MANAGER or DIRECTOR is involved in the illegal activities? If normal mint employees had made those coins they would still be in jail!!! |
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Posted 07/01/2006 2:48 pm
