1934 Peace Dollar - Would Apprecieate Some Education

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Author	Replies: 10 / Views: 1,573
peacedollar34 New Member United States 5 Posts	Posted 10/03/2013 11:33 pm I've been collecting silver coins out of rolls for the bullion content. Decided to take some profits and buy something I won't likely find - a 1934 D Peace dollar. I'd like to use this as a learning experience on what to look out for. So I paid $35 for this coin because of the condition and was told it was cleaned but desirable due to a nice strike and rare date. The coin looks a little funny but I wouldn't have know it was cleaned without being told. Took it to local coin shop to buy airtite holder and just out of curiosity asked if he would like to buy it. Was told it was cleaned, common date and worth only 20 bucks. He had a bin of beat up Peace dollars priced at 32, so I was a little skeptical, but as I said, trying to learn. Personally I like the coin, but it does look a odd at certain angles and has something on the surface that may or may not be toning - I'm not sure - but it's ugly. Is this coin worth closer to melt, $35, or more? Assuming it's a sunk cost now, should I try cleaning the discoloration with acetone, as I've read about here or leave it alone if I plan to keep it? If it's already been cleaned, should I be concerned about damaging it further if I used acetone or soap and water to try and remove the ugly splotches? I guess I'd rather keep the option to sell it and start over than possibly mess it up further. Sorry for the long post, but as I said I'm really new to this and trying to learn. (I wish it really looked like this but it doesn't) (Closer to reality) (notice the spotting / grime) Edited by peacedollar34 10/04/2013 12:18 am Report this Post to the Staff

peacedollar34 New Member United States 5 Posts	Posted 10/03/2013 11:41 pm Reverse Pics Edited by peacedollar34 10/03/2013 11:43 pm Report this Post to the Staff
AgCoinAu Pillar of the Community Canada 3049 Posts	Posted 10/04/2013 01:50 am I wouldn't use Acetone AND soap!! ... Don't use the soap.. acetone and distilled water to rinse will be fine.. It would be interesting to find out "how" the coin has been cleaned... the pictures aren't that great.. but I suspect it has either been over dipped and cooked or whizzed. Report this Post to the Staff
peacedollar34 New Member United States 5 Posts	Posted 10/04/2013 07:53 am I'm not sure but I would guess dipped or lightly polished. The coin itself doesn't show any surface scratches damage to the naked eye or zoomed in photo. It's sort of a shiny gunmetal color rather than bright silver and has dark blotches around the rim on the front and all over the back. Report this Post to the Staff
AgCoinAu Pillar of the Community Canada 3049 Posts	Posted 10/04/2013 10:04 am When I say cooked.. I mean that it either was dipped too long... or too many times.. Report this Post to the Staff
tpg22 Pillar of the Community United States 919 Posts	Posted 10/04/2013 10:15 am You just learned his profit margin. He is willing to pay you $20 for the coin and will turn around and sell it for $32 minimum. Report this Post to the Staff
peacedollar34 New Member United States 5 Posts	Posted 10/04/2013 11:33 am Of course he's allowed a profit. I wouldn't expect to be offered what I paid but was hoping to get some feedback on the coin. I guess my main question is does this coin have any qualities that I can screw up at this point by cleaning with acetone? Is there a chance it will improve appearance? Is the coin nice enough for the effort due to the details and strike? Edited by peacedollar34 10/04/2013 11:36 am Report this Post to the Staff
tpg22 Pillar of the Community United States 919 Posts	Posted 10/04/2013 11:57 am Cleaning will not increase the value in anyway. That is a melt value coin either way. What I was getting at with the other reply is his markup is much more then many. Worn Peace dollars should be selling for about $23 and AU for about $29. His offer price was about right. Report this Post to the Staff
allranger Pillar of the Community United States 1391 Posts	Posted 10/04/2013 12:25 pm You can't screw a silver coin up with acetone. It is an organic solvant. If you didn't get pure acetone then yes, you could cause more harm. You could try smoking when you were working with the acetone, and the would be bad. But acetone will not harm you coins, and most people refer to cleaning as something that damages the surfaces of the coin. Report this Post to the Staff
peacedollar34 New Member United States 5 Posts	Posted 10/04/2013 12:53 pm Ok, I'll try the acetone and see if it helps. I was reluctant to buy because of the cleaning but chose this over the worn ones that were a little cheaper. Did I get ripped off? Cleaning aside, this coin has a lot more detail than anything I've seen in that year/ price range which is why I bought it. Sorry if this is a dumb question but is this considered au despite the cleaning and should have cost around 30 bucks? I can make out every detail / feather on the bird which I thought was pretty cool. Other coins I've seen for 23-30 are pretty beat up Edited by peacedollar34 10/04/2013 1:01 pm Report this Post to the Staff
smokeriderdon Pillar of the Community United States 3755 Posts	Posted 10/04/2013 2:09 pm The acetone is not going to help. It removes things such as adhesives and PVC, not tarnish. The coin has been polished. You can clearly see that in the second pic. I would actually carry this around as a pocket piece. That would remove the sheen from the polishing and make it an honest circulated coin. You would not lower the value any as it is worth melt or a bit more now and thats about it. FYI, the 1921 and 1928 are the two key dates for Peace dollars. The 34D can be called a semi key, but it is not what I would call a "rare" coin. Report this Post to the Staff
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