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 Replies: 9 / Views: 1,217 |
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Valued Member
United States
104 Posts |
I am currently putting together a graded PD set and am shopping for the keys first. I'd like to pick up the keys and common dates in MS-63 minimum condition (with the 34-s as a possible exception. I'm looking at AU-58 for this date).
I'm curious if anyone else is currently putting together a PD set. How do you collect your PDs?
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Rest in Peace
United States
17900 Posts |
I collect by date, so I do purchase a few Peace to finish dates sets, and I hope that I'll eventually have a full set. But I concentrate more on the coin date sets, rather than the series sets.
One thing I can tell you if you are trying to stay around that MS-63 range is that you really have to see the coin well before deciding to purchase. At MS-63 there are a lot of seriously ugly coins out there. With all the open space on the obverse, marks really stand out, and some 63's have such glaring placements on the bag marks that the coin becomes unattractive rather quickly.
The other note is to either decide on Brilliant or Toned at the beginning and stick with one or the other. It makes the set much more cohesive if they look similar. Be advised that nice toning on Peace, in any grade above AU-58, is tough. Peace tend to have pretty ugly toning when they have it, and it's often spotty and irregular. Finding pretty toning on any MS Peace can be a real bear.
If you have the patience for nice toning, expect to spend many years finding your set.
For brilliant, don't compromise and allow "just a little" ugly toning. There are enough brilliant's out there that you don't have to compromise.
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Pillar of the Community
United States
1192 Posts |
I've been trying to put together a MS set since early 2014. moxking provides some very good advice.. unless you have a bottomless bank account it's going to take years to put together a nice looking set. There are a TON of nasty dark, spotted Peace dollars out there in 63/64 slabs. If you truly want a nice set you have to wait and wait. I don't think I'm even half-way there and good luck with that AU58 1934-S. I've yet to find a nice looking one for book value or less. You either get horrible looking AU58's for a cheaper price or a nice one for 25-50% over book value if not more (and that's IF you can even find one). This is the best one I've seen in a while. It's still a few hundred over book value and I simply can't afford it. http://www.ebay.com/itm/1934-S-PEAC...AOSwo4pYFROGGood luck! Edited by LibertyEagle20
12/23/2016 12:37 pm
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Pillar of the Community
United States
4469 Posts |
When I did my Peace dollar set, I set a target grade and budget for each coin. The set has both NGC and PCGS coins in MS except the 34S is AU55. My set is brilliant white as the money for nice toned Peace dollars is crazy when you can find them. Find a 1921 with a solid strike as most of the coins have no detail in the hair above the ear because the mint turned down the pressure to strike the high relief design as it was wearing out the dies. You will be challenged to find an attractive 1923 S in MS63 with strong luster. |
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Valued Member
United States
108 Posts |
That's a nice 34-S in that link. Those are difficult to come by.
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Pillar of the Community
United States
5825 Posts |
I put an AU/MS set together 5 or so years back.
It's all certified (NGC or PCGS).
I wasn't trying for a top-of-the-line set so the coins run from AU-50 through one MS-65.
The -65 was bought with my type set in mind.
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Pillar of the Community
United States
1450 Posts |
You know there are four coins in this set with mintage less than one million. The 1927 and 1934 are pretty cheap in MS63. The 27-S is sort of mid range and the 28 is bumping up around the $1000 mark for MS63. The 34-S is a coin that might be seen in two ways. If you get it in AU58 then it is not that expensive but where is the conditional demand for this coin? It might be worth getting common dates in AU and getting the Key dates in MS, especially the 34-s. Save up and get the 34-s in MS64-65 and you get a coin that if you have a few years may pay for all your other coins in appreciation. If you collected all your PD's in AU coins with decent luster that would be a pretty set. I know it sort of rankles to pay thousands of bucks for coins that have not really moved much in years, but there day may be coming. I have a set with mostly AU and a few MS coins. They suffer when compared to the Morgans, but getting a really nice set of Morgans will cost you many thousands of bucks. I think getting a really nice set of PD's is a great idea. Let us hope that the younger coin collectors (not investors) get interested and drive demand for coins that are great but not exceptional rarities. In a few more years all the ordinary silver coins of early 20th century will be as common in the public mind as coins of the early 19th century. Most young people have never even seen a LWH, SLQ, Buffalo nickel or Mercury dime. Next time you are at the store ask the cashier if she/he has ever seen the LWH in your pocket. |
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Valued Member
 United States
104 Posts |
Terry, those are all really great points. It stings a bit to shell out that much $$ for a coin but I know that is where the most value is. Thanks for your input. I know PDs are not the most popular coin, but I am a young collector that is really taken by them.
Hopefully the lack of demand means I will get some good deals while the market is cooled!
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New Member
United States
32 Posts |
I think this will be a really nice set when you are done. I too like the Peace dollar and I have been debating putting together a set myself. I'm a western guy so I was thinking about doing a Pre-1933 Denver set in MS. |
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Pillar of the Community
United States
1450 Posts |
Putting together an MS set of PD's is feasible except for 34-S, and even that pales in comparison to Morgans like 1892-S that jumps from $1600 in AU to $40,000 in MS60. 34-S in MS65 is cheap compared to that coin. Probably many Morgans were victims of Pitman Act of 1918 so maybe that accounts for price differential for circulated coins and the coins that sat in vaults and were easy victims of Pitman Act.
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Replies: 9 / Views: 1,217 |
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Posted 12/23/2016 12:35 pm
