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My Interest In Peace Dollars Grows...

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gawd0wns's Avatar
Canada
464 Posts
 Posted 02/10/2009  11:01 am Show Profile   Bookmark this topic Add gawd0wns to your friends list Get a Link to this Message Number of Subscribers
I was looking at Peace dollars again... My interest is growing more and more as time passes. I don't own any of these dollars, nor have actually seen one in hand, so evaluating photos is all the more difficult.

I was looking at a dollar, and based on the lustre in the photo, I think it has been dipped. But I'm not entirely sure due to the lighting.

Compare the lustre from this coin:

My-Interest-In-Peace-Dollars-Grows...
My-Interest-In-Peace-Dollars-Grows...

To this one (slabbed - PCGS MS-62)

My-Interest-In-Peace-Dollars-Grows...
My-Interest-In-Peace-Dollars-Grows...

Also, I can't put my finger on this one. It looks almost flawless, but the toning on the surface appears blotchy.

My-Interest-In-Peace-Dollars-Grows...
My-Interest-In-Peace-Dollars-Grows...

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SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/10/2009  1:59 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Peace dollars are an interesting lot. The 1928-P is a rarity, and I think you're safe in assuming that the first one has been dipped to increase its' eye appeal to the uninitiated. My guess is high AU for that one; the value difference between AU58 and MS63 is hundreds of dollars, so you can see the motivation for an unscrupulous seller.

Peace dollars are known for relatively poor lustre. They were not produced to the exacting standards of previous issues, and are commonly found with dingy appearance. Although the last coin you posted could be retoning over a cleaning, I wouldn't be surprised if it were original.

These coins are available in pretty high grades, so they make a nice collecting niche, but finding them with really nice original mint lustre and/or a strong strike is a daunting task.
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USMCLion's Avatar
United States
188 Posts
 Posted 02/10/2009  2:17 pm  Show Profile   Bookmark this reply Add USMCLion to your friends list Get a Link to this Reply
My favorite thing about Peace dollars is that everyone can collect the entire set, they are all reasonable in lower grades. The rest is up to you. You can have a 20K MS65 set or a realativley cheap VF set, its up to the collector. I think there is allot of room for growth price wise with the Peace dollars. I've been putting a roll set together for a few years. Everytime I see one at a show or at the dealer that is a good deal I pick it up an put it in the roll set.
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m9frank's Avatar
United States
628 Posts
 Posted 02/10/2009  6:03 pm  Show Profile   Bookmark this reply Add m9frank to your friends list Get a Link to this Reply
Peace dollars are often overlooked, in my experience. I have found high grade common dates for little money. The more I learn about them the more I like them. A nice well struck original MS Peace dollar is a very beautiful coin.
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gawd0wns's Avatar
Canada
464 Posts
 Posted 02/10/2009  11:22 pm  Show Profile   Bookmark this reply Add gawd0wns to your friends list Get a Link to this Reply
I think it's time I acquired one... I'll put up a Canadian silver dollar for trade.
Edited by gawd0wns
02/10/2009 11:22 pm
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vermontensium's Avatar
United States
16677 Posts
 Posted 02/11/2009  01:14 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
Get with a series that makes you happy and enjoy
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Conder101's Avatar
United States
17884 Posts
 Posted 02/11/2009  1:44 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
The 1928-P is a rarity, and I think you're safe in assuming that the first one has been dipped to increase its' eye appeal to the uninitiated.

If it's real who cares. The strike on that coin is incredible and where are the contact marks? Frankly I would be concerned about it being a fake because it looks too good to be true.
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gawd0wns's Avatar
Canada
464 Posts
 Posted 02/11/2009  4:55 pm  Show Profile   Bookmark this reply Add gawd0wns to your friends list Get a Link to this Reply
good point Condor, I didn't even consider that possibility. Just to be clear though, I am not specifically interested in getting a 1928-P, I'd like a mintstate Peace dollar from any year. The cheaper the better :)
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United States
79 Posts
 Posted 02/11/2009  8:50 pm  Show Profile   Bookmark this reply Add shovel78 to your friends list Get a Link to this Reply
How much is the value of a coin lowered that has been cleaned?
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phdezra's Avatar
United States
60 Posts
 Posted 02/12/2009  9:46 pm  Show Profile   Bookmark this reply Add phdezra to your friends list Get a Link to this Reply
I need to know: When we write that the 1928-P above may have been dipped... what do you think they are using? EZ-est? Something else? It looks like a very good job of dipping.
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phdezra's Avatar
United States
60 Posts
 Posted 02/13/2009  09:29 am  Show Profile   Bookmark this reply Add phdezra to your friends list Get a Link to this Reply
Anyone thoughts on the dipping solution used above?
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gawd0wns's Avatar
Canada
464 Posts
 Posted 02/13/2009  3:48 pm  Show Profile   Bookmark this reply Add gawd0wns to your friends list Get a Link to this Reply
My first Peace dollar arrived today! I think it grades around Extra Fine:

My-Interest-In-Peace-Dollars-Grows...
My-Interest-In-Peace-Dollars-Grows...
My-Interest-In-Peace-Dollars-Grows...
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/13/2009  4:13 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
When we write that the 1928-P above may have been dipped... what do you think they are using? EZ-est? Something else? It looks like a very good job of dipping.


Almost certainly E-Zest. And, if the picture is accurate, the coin is wrecked. The finish is completely consistent across the entire surface, and dull rather than lustrous.

The photo might not be faithful to the actual appearance of the coin. This possibility must always be taken into consideration when evaluating coin photographs. But, if the pic is accurate, this coin is the poster child for dipping.
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