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Discount On Peace Dollars

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Pillar of the Community

United States
1450 Posts
 Posted 03/09/2015  10:34 am Show Profile   Bookmark this topic Add terry8835 to your friends list Get a Link to this Message Number of Subscribers
I have heard that Peace dollars are selling at a discount to Red Book value. Is this true?
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denco7's Avatar
United States
2543 Posts
 Posted 03/09/2015  10:38 am  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
Everything sells at a discount to RedBook value. RedBook is just a guide. A best case guide.
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John1's Avatar
United States
56855 Posts
 Posted 03/09/2015  11:53 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
at least 20% less then Red Book.
John1
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/09/2015  2:29 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Published price lists have nothing to do with what you should pay for a Peace dollar. Humans decide coin prices with their wallets. Price lists are published by people with a vested interest in high prices.
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tbolts10's Avatar
United States
194 Posts
 Posted 03/09/2015  2:50 pm  Show Profile   Bookmark this reply Add tbolts10 to your friends list Get a Link to this Reply
Not sure, but for reference Ive been picking up common date Peace dollars in roughly AU condition for between 25-30 bucks lately. Ive paid between 30 to 40 for common date MS coins. That being said, I've noticed them all over the board on ebay and even in LCS's, especially when you get to the 27's and on.
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Bertensgrad's Avatar
United States
1192 Posts
 Posted 03/09/2015  4:45 pm  Show Profile   Bookmark this reply Add Bertensgrad to your friends list Get a Link to this Reply
It's not unusual for me to find a $17 barber half RedBook coin in g for $10 in VG in a lcs.
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stampvirgin's Avatar
United States
1247 Posts
 Posted 03/09/2015  5:58 pm  Show Profile   Bookmark this reply Add stampvirgin to your friends list Get a Link to this Reply
I was a a local coin show this weekend..
was talking to a guy about a 1921 AU. He buys them at around $80.00, while everyone else at the show had them for no less then $125.00 in AU.

I didn't buy one.

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United States
1450 Posts
 Posted 03/09/2015  6:40 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
I paid $102 for 1916 Liberty Walker in EF condition bought on ebay. Red Book says $225 in EF and $160 for VF. I don't have a pic to show. I need to learn how to do that. I do think ebay tends to drive down prices. I can go there and find 1921 Walkers no problem whereas my local coin shop can't find them. Silver prices have slipped a bit. I remember when silver went for less than 8 bucks an ounce. It may return to that price for all we know. I do intend to start a Peace dollar collection or maybe a Liberty Standing quarter collection. Talk about a coin that was used and is worn as heck.

Which would be easier to collect a Peace dollar or Liberty Standing quarter in the sense of getting coins in at least EF condition. I guess I am an EF kind of guy for most coins but love them in AU condition. I have a budget in my head.
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Celticsoul's Avatar
United States
1566 Posts
 Posted 03/09/2015  6:58 pm  Show Profile   Bookmark this reply Add Celticsoul to your friends list Get a Link to this Reply

Quote:
I remember when silver went for less than 8 bucks an ounce.

I remember back in 1994 silver was less than $4 an ounce and I was picking up MS Morgans for $12.50 a piece. Those were the days.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 03/09/2015  7:07 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Heck, when I first became a Mod here I was accustomed to picking up Mint State 1921 Morgans for $10-15 on ebay. Made it a lot easier to collect varieties.
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kanga's Avatar
United States
5825 Posts
 Posted 03/09/2015  9:32 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply

Quote:
I remember back in 1994 silver was less than $4 an ounce and I was picking up MS Morgans for $12.50 a piece. Those were the days.


I cheated.
Because of my age I remember silver dollars being used in everyday transactions.
In other words I was getting them for face -- but they weren't MS.
Montana in 1960.
Alaska in 1963.
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Celticsoul's Avatar
United States
1566 Posts
 Posted 03/09/2015  9:57 pm  Show Profile   Bookmark this reply Add Celticsoul to your friends list Get a Link to this Reply
I defer to your oldness kanga.
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BStrauss3's Avatar
United States
4592 Posts
 Posted 03/09/2015  10:12 pm  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
So in 1960, I'd have been teething on the thing... your oldness...
-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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Cascade's Avatar
United States
7390 Posts
 Posted 03/09/2015  10:26 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
In 1960 I was over 20yrs from birth and started the silver bug in 2012 at $30+/oz... I cringe When I read the old treasury release stories but a great read they are!
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Nickel Guy's Avatar
United States
604 Posts
 Posted 03/10/2015  12:59 am  Show Profile   Bookmark this reply Add Nickel Guy to your friends list Get a Link to this Reply
@terry8835

The Red Book is a great source for general information, just not a price guide.
Pillar of the Community
United States
1450 Posts
 Posted 03/10/2015  09:42 am  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
So it is basically whatever the market will bare? There are a number of coin shops here locally, but I can't find coin shows where I can get some more opportunity. I live in Tampa, Fl. I end up on ebay trying to not get messed up by tricky sellers who will not specify condition, and show coins from all weird angles to disguise things IMO. I do remember buying a Tiffney silver tray for $70 in 2002. It was like 14 ounches of silver. I sold it like a dumb ass, and took a loss when I was dabbling in collectible business. I used to buy and sell at auctions and was a steady loser. I quit. I did not realize you need to buy and hold.

John
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