| Author |
 Replies: 9 / Views: 1,159 |
|
|
Valued Member
United States
411 Posts |
This is probably some form of a question that has been asked before, but I'd be interested to read what you think: I have a 1927 Peace dollar (P). Referring to the PCGS "Coin Facts," I discovered that, in 1927, the mintages are as follows: Philadelphia - 848,000[MS60 value = $65 according to PCGS]; Denver - 1,268,900[MS60 value = $130]; and San Fransisco - 866,000[MS60 value = $115]. So, why is the P coin, which is the lowest in mintage, also the lowest in value, while the D coin, which is the highest in mintage, is also the highest in value? It strikes me as counterintuitive. I read somewhere about a rare coin that had a high mintage number, increase disproportionately because a large number of the coins of that mintage were destroyed in a fire. Would someone care to illuminate? (Thanks) |
|
|
|
Pillar of the Community
United States
7123 Posts |
Stephen Im no expert on the Peace dollar , but when I look at the figures ,, my assumption as to the reasoning has to do with which coins were hoarded and carry the most high grade coins ,, Look at it like this ,, although the Philly coins have the lowest overall mintage, if they were hoarded then there are more high grade examples of the P mint coins, Thus if the denver coins being the higher pop coins circulated to a greater extent then high grade or for that matter mid grade examples would be less common.Thus increasing the value. Rick Edited by Metalman
11/19/2005 7:50 pm
|
|
Rest in Peace
United States
2684 Posts |
Adding to Rick's comments, many silver dollars weren't put into circulation after they were minted. While I can't speak for Peace dollars, a similar situation is extant for Morgan dollars. For example, the 1885-CC Morgan with only 228,000 minted is not particularly valuable in Mint State while the 1893-CC is semi-key in mint state since most went into circulation. The situation is complicated by the 1918 melt of hundreds of millions of silver dollars in which certain mint years which had been stored by the mint were melted while other millions remained hidden in other storage. Since no records were maintained of which dates and mints were melted, we have to infer by the known remaining coins that some Morgans with high mintages had their populations almost obliterated by the melt. While the Morgan story is a little older than the Peace dollar story, I imagine the reasons for unintended rarity are similar. |
|
Valued Member
 United States
411 Posts |
Thanks. That makes sense.
|
|
Pillar of the Community
United States
2724 Posts |
One other fact not mentioned here. Peace dollars are not the "pride" of the collecting market as a whole. Many collectors overlook the series do the lackluster design. When the dollar first made headlines in 1921, many stated that it looked like a "flapper". |
|
New Member
Canada
6 Posts |
Hi, I just registered today.
I found a box of coins in an Antique desk my parents gave to me. Mostly Canadian coins ranging from:
1881 - 1960/70's
1 cent/50 cent/ Silver Dollars etc...
How can I find out their true value ?
|
|
Forum Mom
 United States
5877 Posts |
Kirk,
I think you'll get enough responses from your Values thread. Just be a little patient. If you post it in too many places, it makes it difficult for you to keep track of the posts and you won't get the discussion that will help you make your own decisions about which methods to use.
|
|
New Member
Canada
6 Posts |
Thank you for the tip susan. I went out and bought the Charlton Standard Cataogue.
|
|
Forum Mom
United States
5877 Posts |
We're always happy to help. I think you'll really enjoy the book. Lots and lots of good info in there.  |
|
Valued Member
United States
411 Posts |
quote:
Originally posted by national dealer
One other fact not mentioned here. Peace dollars are not the "pride" of the collecting market as a whole. Many collectors overlook the series do the lackluster design. When the dollar first made headlines in 1921, many stated that it looked like a "flapper".
I like the Peace dollar very much. It has a kind of Mona Lisa effect as to Miss L's expression. The first thing I thought the first time I ever saw an Indian Head Gold Eagle ($10) was that the strangely astonished looking Miss L. on that coin was a dead ringer for the strangely astonished looking Miss L. on the Peace dollar. Even the head gear on both coins is similarly styled and located. So I was really surprised to learn that the Eagle was designed by St. Gaudens and the Peace dollar was designed by some Italian guy. Is this a rip-off or a "homage" or what, if anyone knows? |
| |
Replies: 9 / Views: 1,159 |
|
Posted 11/19/2005 11:02 pm
