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 Replies: 56 / Views: 7,449 |
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Valued Member
United States
424 Posts |
I picked this little gal up at a small coin show I happened across. I think this is my only Peace dollar. Or I might have another one stashed away somewhere.   |
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Pillar of the Community
United States
1450 Posts |
There are 13 Peace dollars with mintage less than 2 million and 4 less than one million. If these were Morgan dollars such as 1904-S with mintage of 2.3 million it would cost you $11,000 in MS65. The 1928 Peace dollar in MS65 costs with mintage of 360,649 cost $4500 in MS65. There are all sorts of crazy anomalies like that between Morgans and Peace dollars. The thing with Peace dollars is when will the value ever catch up with low mintage? Will it ever catch up to Morgans? The 1884-S Morgan in MS65 cost $235,000 in MS65 and it has mintage of 3.2 million. Why such a gross disparity in prices between two silver dollars that were only made 3-4 decades apart? |
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Moderator
 United States
189462 Posts |
Very nice, Oldephriam!  |
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Pillar of the Community
United States
3343 Posts |
1925 PCGS MS64 with gold tone   As with oldephriam's coin the obverse shows the gold color the best. In lighting directly from above to see the color the coin's fine detail disappears. This is a full strike and Liberty's hair detail is extremely sharp, but it takes shadows from side lighting to see it. This is a $55 coin. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
11/10/2016 5:49 pm
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Moderator
United States
189462 Posts |
Very nice, thq! |
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Bedrock of the Community
United States
94367 Posts |
terry8835 - There are several factors at work in the answer to your question, but start by reading up on the Pittman Act of 1918, which authorized the melting of more than 270 million silver dollars stored in Treasury vaults at the time and their replacement shortly thereafter with Peace dollars. Just do the math!  Edited by Coinfrog
11/10/2016 6:51 pm
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Pillar of the Community
United States
3343 Posts |
1921 Proof Dies ( VAM 1H)  It's lit to show the gold tone. It's amazing how good the new iPhone camera is compared to the old ones (see avatar - same coin). The coin was held at an angle to see the color, yet all the features are in focus. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
11/11/2016 09:20 am
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Pillar of the Community
United States
7390 Posts |
Edited by Cascade
11/12/2016 12:06 am
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Pillar of the Community
United States
3343 Posts |
Nice tone cascade. I've spent a lot of my career in paper mills. Aluminum sulfate (alum) is used to increase paper machine drainage rates and to set rosin sizing. Over time the sulfur is unstable, and breaks down to form sulfurous and sulfuric acid, especially in moist and low oxygen conditions. Moist and warm conditions speed this up with the aid of bacteria and fungus. It's probably the dry storage conditions that produce attractive toning, such as in albums and paper tubes. I wouldn't expect sulfur toning to be stable more than a few decades though. I occasionally see Peace dollars in various shades of black, usually unattractive. The best take on a blue steel color. I'll see if I can find one. This might involve sulfur too, but I think it's mainly silver oxidation (tarnish). "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
1450 Posts |
CoinFrog Yeah, I forgot about the Pitman act which would have affected Morgans and not Peace dollars. However, big silver coins with mintage of less than one million seem to me to be in some demand since the set is so easy to collect. You really have to bust azz to complete a decent set of Morgans. Some of the price differential does not add up to me within the Morgan coins. There are a number of Morgan dates with low mintage and yet they are easy and relatively cheap to buy. The difference between the price for a Morgan with 350,000 mintage and 100,000 is as wide as the Pacific Ocean. |
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Pillar of the Community
United States
790 Posts |
Nice! I have a special place in my heart for Peace dollars, just because of the sentiment behind them (isn't it sad that back then they thought we'd fought the war to end all wars?). The other day I saw a graded PD with some lovely gold toning around the crown. If she's still there when I have the dinero, I'll post a pic here. |
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Pillar of the Community
United States
1450 Posts |
If I see a really nice Key or Semi-Key Peace dollar I will buy it if I can. I feel the same way about LWH dollars. I bought a 38-D LWH in VF condition for $100. You get into the 20's or teens it is hard to find a LWH dollar in VF condition. I know they exist but hard for me to find except online for high retail. I like large silver coins USA or foreign. Mexico seems to have really nice large silver coins but many are not 90% silver. |
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Pillar of the Community
United States
7390 Posts |
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Moderator
United States
189462 Posts |
Quote:
Not new but I thought you guys might like to see it. Yes.  Very nice! |
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Pillar of the Community
 United States
1888 Posts |
It is hard for me to resist buying yet another nicely toned, high grade common date Peace dollar such as this recent pick-up that came in a plastic holder. I am, however, not at all a fan of plastic prisons and quite terrible at determining one MS grade from another. This pretty lady cost all of $25, and that unfortunate face scratch is much less evident to the naked eye than it is in the photos. Nevertheless, this coin seems every bit the equal to the lovely slabbed specimen above. So my question would be, would it grade the same? Or better? It has very sharp details. Note also the distorted E in 'UNITED' in the above posted coin, which mine does not show.     |
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Replies: 56 / Views: 7,449 |
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Posted 11/10/2016 09:26 am
