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 Replies: 13 / Views: 1,387 |
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Pillar of the Community
United States
2003 Posts |
Looking over the Peace dollar series, With the exception of the super rare 1922 High Relief and the New 2021 coins, The 1928P is considered the key with the lowest mintage of 360,649 and worth several hundreds of dollars even in circulated grades. The 1927P is the second lowest mintage of the series at 848,000 and can be had in XF for about $55, in AU for about $82, and in BU for $240. The other semi key dates of 1921, 1927s, 1934s and 1934P all have mintages higher than the 1927P yet command higher premiums. Would you consider this to be a "sleeper" coin? |
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Rest in Peace
United States
10625 Posts |
That issues still an open space in my Dansco Album so I agree...  |
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Pillar of the Community
United States
3343 Posts |
A year ago I would not have believed that a 1927 Peace would be sleeper, but I've seen stranger things happen. Here's an example https://www.ebay.com/itm/334359411138Low grade Carson City gold like this used to be pretty affordable. Based on my recent memory, coin like this polished raw 1891-CC were selling for under $1000 two years ago. A 3x appreciation in two years? These coins aren't sleepers anymore. I'm glad I got some while they were more affordable. Based on the centennial Peace dollar hoopla, 1927 dollars might get the same wakeup call. I wouldn't put my own money on it, but I'm not trying to get rich with coin investing. You need a LOT of buyers if you want to resell 1000 1927 Peace dollars. The PCGS population is 50,000, so you're never going to corner the market. Edit: 25 years ago I bought a 1927-P MS63 for $60. PCGS prices it at $250 now, which is about 6% interest on the investment. Not spectacular, but it didn't go down. Still nothing like those CC gold coins, which sat doing nothing for years, then suddenly woke up. Or the MS62 1921 Peace I bought for $300 in 2016, now PCGS valued at $1100 (about 25% appreciation per year). None of these coins was bought for investment purposes, but from the standpoint of a collector there are a lot more people looking for them now than there used to be. As a result they've become much more expensive, and also much harder to find. I cannot dredge them out of the shops and ebay like I used to do. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
04/02/2022 6:32 pm
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Pillar of the Community
United States
1189 Posts |
I personally think the Peace dollar in general is a sleeper. I havent looked at prices in a few years but they were way more affordable than morgans. I love the design and its a big silver coin with fairly low mintages aside from the 22-24 P coins. |
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Pillar of the Community
United States
4692 Posts |
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Bedrock of the Community
United States
94367 Posts |
Reported, for what it's worth.
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Pillar of the Community
United States
4469 Posts |
The 1927 Peace dollar can be easily found in circulated or mint state. The Peace dollars were not heavily circulated and the Peace dollar held up well in circulation. The mintage of 848,000 is more than enough to meet the current market demand. The 1927 is priced very reasonable until the grade reaches gem quality. I find nothing that is going to make the 1927 a future sleeper. There are currently 852 1927 Peace dollars for sale on ebay. If we compare the 1927 Peace dollar to another series key date, we can get an idea of why some coins go up in value, and it is not always about mintage. The key date 1923 S Standing Liberty quarter has a mintage of 1,360,000 that is more than the 1927 Peace dollar. The 1923 S SLQ was heavily used in circulation. The dates wore off the type 2 SLQ in circulation. Circulated full dates and mint state 1923 S SLQ examples are scarce. There are currently 43 1923 S SLQ for sale on ebay and a lot of them do not have full dates. |
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Pillar of the Community
United States
3644 Posts |
IMHO, the 1927 Peace is in the same category as the 1897 Morgan: a relatively low mintage, but a high survival rate. that said, a lot of them are baggy. If you can find an example without the usual combat wounds, you might have a sleeper.
It's not a big money play, but (1) an original AU-58 (2) with eye appeal (3) that is well struck and (4) isn't baggy would be one to snag every single time. If CAC ever starts accepting submissions again, such an AU-58 would seem a lock for a bean, and that's a $50/60-ish swing on every coin, which would be an easy $35-45 pickup over submission cost.
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Pillar of the Community
United States
5825 Posts |
REMEMBER:
A coin's value is NOT based on how many were struck.
It's based on how many are available to collectors.
A classic example is the 1933 Saint-Gaudens Double Eagle.
There were 445,500 struck; that number is not even close to the fewest by date/mm Saint-Gaudens Double Eagles struck.
But it is far and away the most valuable because there is only ONE that can be legally owned by collectors.
Edited by kanga
04/03/2022 11:31 am
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Pillar of the Community
 United States
2003 Posts |
@Slider23, You seem to be overlooking something. When you searched for the amount of 1927 Peace dollars currently listed on ebay, you failed to filter out the D and S mintmarked ones. That is why it showed a total of 852. When you filter that number down to only the 1927P, there are only 97 listed. By contrast and at the same time there are currently only 85 of the 1928P listed. Seems pretty even to me. If you further look at the ever popular 1921 issue which is the 5th lowest mintage of the series, you will find over 1200 currently listed. |
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Pillar of the Community
United States
3139 Posts |
Here's mine... It did take me a while to find one in a condition I wanted at a minimum and that I could afford...   |
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Pillar of the Community
United States
2003 Posts |
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Pillar of the Community
United States
4469 Posts |
Quote:@Slider23, You seem to be overlooking something. When you searched for the amount of 1927 Peace dollars currently listed on ebay, you failed to filter out the D and S mintmarked ones. That is why it showed a total of 852. When you filter that number down to only the 1927P, there are only 97 listed. By contrast and at the same time there are currently only 85 of the 1928P listed. Seems pretty even to me. If you further look at the ever popular 1921 issue which is the 5th lowest mintage of the series, you will find over 1200 currently listed. You are correct. I made a mistake by not filtering out the D & S on my ebay search. The 97 ebay listing does put the 1927 in a position to possibly increase in value because it is priced very reasonable. I did a Peace dollar set and found no coin hard to find, but I have been looking for over a year for a Peace dollar (any date) rainbow toned MS64 with eye appear, and still have not found one at a fair price. Edited by Slider23
04/03/2022 4:23 pm
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Pillar of the Community
United States
2003 Posts |
I just completed my XF-AU set and you are correct that none were hard to find yet some were challenging in higher grades and problem free. I even included both varieties of the 1935s. The Peace series is a short lived set that the average collector can assemble affordably, unlike a complete Morgan set.
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Replies: 13 / Views: 1,387 |
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Posted 04/02/2022 2:59 pm
