Peace Dollars.. What Can I Expect When Buying Or Selling

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Author	Replies: 5 / Views: 1,062
SDcoinguy Pillar of the Community United States 2424 Posts	Posted 02/08/2012 10:00 pm it is my understanding that peace and Morgan dollars carry a higher premium than other 90% coins.. is this true, specifically in regards to Peace dollars? this would be for grades xf -au Report this Post to the Staff

jfransch Pillar of the Community United States 1801 Posts	Posted 02/08/2012 10:20 pm Silver dollars have more silver than $1 in minor silver coins. Franklin half dollar = .36169 oz silver .36169X2=.72338 Peace dollar contains .77344 oz silver. The reason we are blessed with so many Morgan dollars in todays collector market is because that small difference in silver motivated the mint to stike massive amounts of dollars instead of minor coins to meet the mandated silver usage requirements of the 1878 Bland-Allison act. Edited by jfransch 02/09/2012 12:38 am Report this Post to the Staff
SDcoinguy Pillar of the Community United States 2424 Posts	Posted 02/08/2012 10:39 pm ok great! but when I go to buy, I notice that Peace dollars sell slightly above melt, sometimes a lot more.. if I were to sell , would I expect the same? Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 02/08/2012 10:59 pm Quote: ...but when I go to buy, I notice that Peace dollars sell slightly above melt, sometimes a lot more.. if I were to sell , would I expect the same? You should get more than melt unless they are damaged, slicks, culls, or holed/plugged. Earlier you mentioned XF/AU grades; in those grades and problem-free, there is a definite market premium to melt value for common dates. It varies from 5% to 15% in most cases. That's only $1-$3 per coin but adds up for people who sell rolls or 100/1,000 coin bags. Check some buy prices here for a better idea: http://www.apmex.com/Category/90/Pe...21_1935.aspx ANA #R3154474 Report this Post to the Staff
Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 02/08/2012 10:59 pm Peace dollars do not have the following that Morgan dollars have but those who do collect them are usually willing to fight it out for a coin they really want, where allot of Morgan collectors will just wait for the next one to come along Report this Post to the Staff
jfransch Pillar of the Community United States 1801 Posts	Posted 02/09/2012 12:40 am So true Bryan1315, Peace dollars with "the look" sell for huge premiums due to how few have that strong sharp strike that is more common on the Morgans. Report this Post to the Staff
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