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Replies: 22 / Views: 3,910 |
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Pillar of the Community
United States
3134 Posts |
Which is just amazing BTW! I have to ask. What would be the premium on this one? Just curious...  I can absolutely guarantee it's natural toning as it sat in an attic for the last 70 years. Untouched along with more than 50 other Peace and Morgan dollars... Hadley-- that Peace dollar you posted is just amazing... Truly amazing... Thanks for your thoughts on this one...
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Bedrock of the Community
13014 Posts |
Most toning premiums especially the stronger ones are contingent on the coin being in a straight graded slab.
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Rest in Peace
United States
17900 Posts |
There are very few collectors of toned Peace simply because they are so hard to find. The VAST majority of toned Peace have ugly toning.
As always value = Technical Grade +/- Eye appeal.
Technical grade is more objective. Eye appeal is more subjective.
I don't think this one would gain much more than 20% over equivalent technical grade.
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Bedrock of the Community
United States
94367 Posts |
@basebal21 is right - I'd much rather see this in a slab, it looks too good to be true.
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Pillar of the Community
United States
8516 Posts |
Agree with baseball and the frog. It has that heated up look.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
 United States
3134 Posts |
Quote: I'd much rather see this in a slab, it looks too good to be true. Coin, you can choose to believe me or not. This was in my mother in laws attic for the last 60-70 years. She used to grab the silver dollars and put them in a box. The box was then placed in the attic and forgotten about. She used to tell me about this box for years. I begged her to let me get it down. She finally relented.. This is just one of 51 dollars that were in the box. I can guarantee my 93 year old mother in law did not sit there and put a bow a blow torch to a 1922 Peace dollar. It's real toning over years from being in an attic. I was just curious as to the premiums assigned to natural toning. It's not going to a grading house, nor will it be sold. It's sentimental value to me far exceeds a monetary value assigned, toned or not.
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Pillar of the Community
United States
655 Posts |
I think it could bring $150-200. That would be 10x it's untoned worth. But, yes, you'd need to have it graded and pay those fees. It's very attractive. Any other ones in the box this nice?
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Bedrock of the Community
13014 Posts |
Quote: I was just curious as to the premiums assigned to natural toning. Coins response really summed up the value that it would have in it's current state. Many buyers would actually back off their bid and the toning could very well hurt it in a raw state with them being scared it wouldn't be deemed market acceptable. There's a premium there in a slab with a straight grade, without that most buyers there won't be a premium and may actually be a negative. No one is accusing you of lying, but that is just the reality of the toning market, if you want the premium is HAS to be graded
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Pillar of the Community
United States
4469 Posts |
The TPG's have been inundated in recent years with AT coins and some of them got through PCGS from a known AT artist for witch PCGS was criticized. The end result is that the TPG's have became strict when grading color that may have been artificially applied. I would be curious how your coin would grade given that it is NT. My guess is that the purple color is going to sway the grade to AT.
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Pillar of the Community
 United States
3134 Posts |
baseball... Coin's partial quote.. Quote: it looks too good to be true is what raised my concern. Frankly I was surprised by a couple of the remarks as the coin I posted here was posted months ago when I found it in the box at my Mother in Laws house. Still have no plans on slabbing it or selling it as I stated more sentimental value to me than anything else.
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Pillar of the Community
 United States
3134 Posts |
Quote: Any other ones in the box this nice? While not nearly as nice as the 22 this was in the box  as was this morgan 
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Pillar of the Community
United States
2815 Posts |
The magenta/purple color looks different to me, and there isn't a natural-looking progression from this to the bluish color. It's an abrupt change that is so common to AT coins. However, I believe you. If it has been in an attic for that many decades then it has endured many natural heat treatments over this time period, assuming, of course, that the attic isn't climate controlled. I would LOVE to see a TrueView of this coin. I have Morgan dollars from my Dad, who kept his coin collection in our attic for several years, but not decades. Our attic was not climate controlled, so these Morgans endured at least 15 years of sweltering hot TN summers. Here are some examples (all were originally housed in stapled 2X2s):    This 1881-O "attic" Morgan has similar dual-color toning as your Peace dollar, except mine is burnt orange and blue, located exclusively along the periphery. See that toning spot between "God" and "we"? There was a tear in the cellophane at that spot.  Quote:The TPG's have been inundated in recent years with AT coins and some of them got through PCGS from a known AT artist for witch PCGS was criticized. Yep. I bought an Ike dollar a few years ago that passed through PCGS. I later learned that there was a guy who was deliberately exposing large lots of brown Ikes to sulfur gas in a garage or shed. Some were sent to the TPGs and some were sold still in OGP. I can just see this guy picking out those which he thought would grade straight. The one I bought apparently did:  However, this coin looks AMAZING in hand, so if I'm gonna have an AT Ike, then I'm glad it's this one.
Edited by Darth Morgan 01/29/2018 9:37 pm
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Pillar of the Community
United States
4211 Posts |
That's a nice looking Peace dollar srs! I am glad your Grandmother finally relented and let you look through the box. Who knows how much more a Peace dollar collector would pay for a nice example like this. There just aren't that many "nice" looking ones out there.
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Pillar of the Community
Canada
1267 Posts |
Srs77, that's a cool looking Peace dollar. As others have mentioned though, difficult to place a value on. Although you know it's history, potential buyers will rely on TPG and cac to establish authenticity. As Darth Morgan pointed out, the fairly abrupt color transition combined with purple are red flags for questionable color, but I have seen others similar to yours before and believe that at some point your coin will probably end up in a holder. It's value then? Honestly, with almost nothing to compare it to, is almost impossible to establish. It will be much higher than at present though if it slabs, and best determined through sale at a major auction house. For the time being, enjoy your cool and very unique Peace dollar, and thank you for sharing her and your story with us. 
Edited by hadleydog 01/30/2018 05:54 am
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Pillar of the Community
United States
2815 Posts |
srs- since you've got this in hand, do you think there could be a chance that it was lightly cleaned in the past? I ask this because I once owned a 1921 Peace dollar that had been cleaned and developed a secondary toning pattern similar to yours, only the colors were green and gold, if I remember correctly.
Edited by Darth Morgan 01/30/2018 07:02 am
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Pillar of the Community
 United States
3134 Posts |
Darth, as stated above the coin has sat in an attic for more than 60 years, this is fact, so, no I have no way of knowing whether it was lightly cleaned as that would have happened before I was born, I'm 57.... I can say, without any doubt, the coin came out of the box as you see it. It was placed in a Coin World slab since it came out of the box and won't be removed from that holder. This is how I store my coins. My mother in law doesn't know anything of toning or natural vs. Unnatural toning. She's 93 now and in assisted living. I can say the coins were lose in an old cardboard box laying on top of one another. That's the truthful story.
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Replies: 22 / Views: 3,910 |