Morgans & Peace - Coin Community Forum

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Author	Replies: 7 / Views: 1,192
colu41 Valued Member United States 376 Posts	Posted 07/08/2012 10:23 pm I just watched 3 Peace dollars in decent shape go for under spot?! But yet Morgans in Good condition are still flying over $30. What's the deal with that? I'm more of a Morgan guy myself but, I was thinking about investing in some Peace dollars up until this. Report this Post to the Staff

amida17 Pillar of the Community United States 4897 Posts	Posted 07/08/2012 10:49 pm Buy the Peace dollars because of this! You may not get the premium back if you need to sell the Morgans. You will always have the gains (fingers crossed) if you buy below spot... Edited by amida17 07/08/2012 10:50 pm Report this Post to the Staff
Scropper CCF Sponsor United States 702 Posts	Posted 07/09/2012 02:10 am I think Peace dollars are just beautiful. Morgans are nice, too. Peaces were made starting in the 1920's. They're an easier series to collect. Morgans have that 19th century thing going for them, and can be stunningly gorgeous (and extraordinarily expensive) in higher grades with PL and DMPL fields. And I completely agree with Amida. Pick up the silver cheap while you can. Even if you're not a doomsday believer, I think they're a great buy. Report this Post to the Staff
bpoc1 Rest in Peace United States 4078 Posts	Posted 07/09/2012 05:55 am Should know this but, I don't. What is PL and DMPL fields? Report this Post to the Staff
IndianGoldEagle Bedrock of the Community United States 36782 Posts	Posted 07/09/2012 11:31 am A coin with one or more surfaces that are reflective. The most reliable way to check is to hold the coin on its edge next to a page of printed matter (such as a book) where you have marked off the inches. You should have good light directed towards the coin. Look into the coin's mirrored surface and see how far down the scale you can clearly read the text. Here is a scale to determine. Semi-Prooflike (SPL) - 1 to 2 inches, devices must be frosted Prooflike (PL) - 2 to 4 inches of reflectivity Deep Mirror Prooflike (DMPL) - More than 4 inches Ultra Prooflike (UPL) - At least 8 inches Edited by IndianGoldEagle 07/09/2012 11:32 am Report this Post to the Staff
smokeriderdon Pillar of the Community United States 3755 Posts	Posted 07/09/2012 4:23 pm For some reason Peace dollars have always been under valued and under appreciated, with the exception of the 21 and 28 of course. Snag every one you can under melt. Period. Report this Post to the Staff
bpoc1 Rest in Peace United States 4078 Posts	Posted 07/10/2012 05:29 am Thanks, IndianGoldEagle. Shucks I don't have any that shiny! Report this Post to the Staff
colu41 Valued Member United States 376 Posts	Posted 07/10/2012 12:19 pm I suppose to buy would be a good thing. But then again at my local shop they sell for $22. Along with morgans so. Ill just continue to buy from them for awhile. Until they run out ;) Report this Post to the Staff
	Replies: 7 / Views: 1,192

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