1928 Peace Dollar Value - Coin Community Forum

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Author	Replies: 9 / Views: 1,778
timras14 Valued Member United States 273 Posts	Posted 04/16/2020 01:31 am Does anyone know why the 1928 Peace dollar has dropped off in value so much? Graded XF45 in 2007 this coin was worth $560. Now the same grade is worth $250. I understand that coin values fluctuate, or values may go up and down if more of a certain grade are getting submitted.... but why did the value drop over 50%? Thanks in advance for the information. Report this Post to the Staff

mtuma3 Pillar of the Community United States 744 Posts	Posted 04/16/2020 01:54 am Many coins dropped after the 2009 Housing crash... Money for hobbies disappeared... Mark ANA Member My7070 Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 04/16/2020 08:47 am That's certainly a contributing factor, and today's circumstances haven't helped. Another factor was the strong stock market during the the first three years of this administration, which drew money away from the hobby as well. Report this Post to the Staff
Slider23 Pillar of the Community United States 4469 Posts	Posted 04/16/2020 09:08 am The 1928 Peace dollar is not a rare coin as there is plenty of supply. In 2014 I paid $599 for a MS 62 1928 and sold it in 2020 for $400 at market value, so I lost 33%. I sold an entire set of Peace dollars in 2020 and the trend of Peace dollars has been going down as with most collectible coins. When I sold the set, the biggest lose on an individual coin was on the 1928. From the time I finished the set in 2014 and sold in 2020, I lost 17.7%. The PCGS 3000 coin index is down about about the same percentage for the same period. Edited by Slider23 04/16/2020 09:10 am Report this Post to the Staff
hfjacinto Pillar of the Community United States 7276 Posts	Posted 04/16/2020 2:32 pm I picked up an MS 1928 for $200 in 2019. An XF one should be $150. My Slabbed Dansco 7070 with Gold Page My Slabbed IHC Set My Slabbed 20th Century Type Set Report this Post to the Staff
edweather Pillar of the Community United States 7375 Posts	Posted 04/16/2020 6:54 pm Markets fluctuate. It's a good time to buy coins. Report this Post to the Staff
Ballyhoo Pillar of the Community United States 1613 Posts	Posted 04/16/2020 7:32 pm This is a very interesting topic. While in agreement with a few of the above, I would add that there are the occasional series that skyrocket in value over a relatively short period of time only to likewise fall in similar fashion at some point. Comparatively, I think the market is currently witnessing the same with moderns. Specifically the higher grade Washington quarters, Kennedy halves and Eisenhower dollars. Why this occurs with such a wide variance in high/low value would be anyone's guess. Popularity? Purchased as a hedge against inflation? The reasons are many. What I do know is that I've assembled all but the mentioned 1928 and 1934s in MS64/65 while the market is at a low point. Not that I'm looking at it from a profit standpoint, rather a collectible. This method frees up funds for other series and thereby shortening time of completion for each when on a budget. ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon Report this Post to the Staff
hfjacinto Pillar of the Community United States 7276 Posts	Posted 04/16/2020 10:48 pm I'm not saying one shouldn't collect the Peace dollars, heck they are one of my favorite coins. Sometimes one should collect what they like and not worry about future value. Remember we are but caretakers of our coins they will here after we are gone. In 100 years the chances are good that they will be worth much more than what we paid. My Slabbed Dansco 7070 with Gold Page My Slabbed IHC Set My Slabbed 20th Century Type Set Report this Post to the Staff
suipakpaikungfu Pillar of the Community United States 992 Posts	Posted 04/17/2020 12:15 pm Yep, good time to buy if can. Report this Post to the Staff
ExoGuy Pillar of the Community United States 4416 Posts	Posted 04/17/2020 7:35 pm IMHO, the 1928 Peace dollars and 1938-D WL halves were far too long overrated and overpriced in the coin market. Today's pricing is approaching more realistic valuations. That said, gem specimens always deserve hefty premiums. Report this Post to the Staff
	Replies: 9 / Views: 1,778

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