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 Replies: 18 / Views: 4,646 |
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Valued Member
United States
99 Posts |
I'm new to this so I might sound weird, but I saw a 1928 pease dollar with no mint mark on Craigslist, raw ungraded for $300. I did a search and found out that this is a key date with the low mintage. My questions are: Is it worth it? What if the coin's been cleaned, is it not worth it anymore? How would I check if it's real? Below are the pictures he posted...   |
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Valued Member
United States
167 Posts |
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Pillar of the Community
United States
2543 Posts |
Looks good to me, you are right, this is the key date to the series and as such it is a very faked coin. These coin really reach the apex of their value when they are graded by a TPG. When you come across one that is ungraded, you have to be a bit leery. This one looks good to me and does not look cleaned and in AU condition. |
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Moderator
 United States
56855 Posts |
Check it with a magnet. You could meet the seller at a LCS and get the shop owner to look at it. John1  |
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Rest in Peace
United States
10625 Posts |
The discoloration on the reverse is a red flag for me. If you are willing to spend $300 on '28-P Peace dollar, I would go to a nearby LCS and pick one out for that money. That is an average price for a raw XF/AU coin and this one looks like a VF obverse or really soft strike. JMHO |
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Pillar of the Community
United States
5825 Posts |
Don't toy around for that much money.
Buy one slabbed.
BTW by slabbed I mean PCGS or NGC AND with original surfaces.
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Pillar of the Community
United States
604 Posts |
Quote:
I'm new to this I don't know if that means you are new to collecting or new to buying Peace dollars but either way $300 is a lot to spend on one coin that you aren't sure about. Just my opinion but I think you should spend that money on some common Peace dollars that are more appealing and in MS so you can get a better understanding of what they should be like. You will gain a lot more knowledge after having a few in hand than looking at a picture someone posted. When it comes time to make that big purchase you will know what you are looking for. |
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Moderator
United States
23522 Posts |
Discounting entirely the possibility of it being counterfeit, the obverse is chewed up on the rim, detracting greatly from the coin's visual appeal and therefore marketability. Even if real I think $300 would be a stretch for this one. So it's no big deal to you if it's fake. This isn't the one you want anyway.  For the record, I strongly doubt this coin's authenticity. |
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Pillar of the Community
Canada
4944 Posts |
Looks like a cast counterfeit.
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Valued Member
 United States
99 Posts |
Thank you for all the advices. The only Peace dollar I have is a common date 1923 I got from the coin shop a while back so I don't know much about Peace dollars. I'm passing on this one. |
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Pillar of the Community
United States
1158 Posts |
I would recommend studying Peace dollars a bit more and maybe collecting a few more common ones in various grades before attempting to buy high value ones (like the 1928) in ungraded condition. If you want one without doing the homework, by one slabbed and graded by PCGS, ANACS, NGC from a reputable dealer. |
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Valued Member
United States
149 Posts |
It's fake.
Only buy key date coins from reputable sources that will stand behind what they sell. Not only are there fake 1928s out there, but also those that are 1928-S with a removed mint mark. It is a dangerous coin for the uninitiated to buy raw.
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Pillar of the Community
United States
4692 Posts |
No reason to buy something like that raw. Although scarce, they are readily available in TPG holders. |
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Pillar of the Community
United States
5631 Posts |
Research the type coin your going to invest in, Know the difference between original luster and a cleaned coin. You really could do yourself a great service by knowing Exactly what your looking at, visit your local Coin shop, become friends with the owner, You would be amazed at how much knowledge they are proud to offer to the willing to learn collectors. Also invest in hard copy research literature on Numismatics, THIS will not let you down either....... Good Luck.... PS, I wish more people would accept their own judgement, once knowledgeable enough to know better then to just " buy a slabbed coin "...... Buy the coin, NOT the slab!!! What ever did people do before David Hall and slabs? They learned exactly what they were into and discussed it, like here, with others.
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Pillar of the Community
United States
1450 Posts |
I think the Peace dollar is an ideal coin to collect. There are not that many and most can be had for a small premium above the cost of silver content. 1921-1935 is just a short time period. Think of Lincoln pennies that cover over 60 years and are not worth the metal it took to make them. Silver is at least worth something and so is gold when you start your $20 Double Eagle collection heh, heh. I buy the less rare ones first in as good a condition as I can afford and then creep up on the rare ones. You know you will have to pay to get them. They are out there just the same. I don't know about ebay for rare coins. |
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Pillar of the Community
United States
1450 Posts |
I am also thinking that if I were to buy a 1928 I would go to local coin dealer who has been in business for a while. These guys must stand behind their coins or the word gets out in a hurry and nobody will use them. The coin shop I use the owner is quite reasonable and willing always to dicker on prices. I am a steady customer so he knows if he screws me in some way I won't come back. When you buy a coin online you may be dealing with an internet thief. I have not been happy with coins I have gotten off ebay. Mainly, due to fact the sellers do not stand behind the grade they give the coin and you must depend on the Photo. For that risk you should get a big discount and you won't. |
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Replies: 18 / Views: 4,646 |
Posted 01/14/2015 04:48 am
