1964 Peace Dollar?

Nice. Not real enough to $lab & auction, but close enough to ask $500?

Bobby--I never saw that, you had me going for a while. Darn.

There have been replica 1964-D Peace dollars made, of varying quality.
Of course, if it didn't have a "Copy" stamp on the coin, it would be a counterfeit.

Where things get interesting:
It is rumored that six of the 1964-D Peace dollars were sold to Denver Mint employees before the meltdown order.

If that was a real 1964-D Peace dollar, he would indeed have very limited choices as far as how and where he could sell it. (given that it is illegal to possess the coin and it is subject to confiscation by the Secret Service!)

He obviously couldn't sell it to a coin dealer, through an ad or on ebay without attracting attention. A large flea market would in fact be about the least risky place (in the U.S.) to attempt to sell such a coin.

I thought it was somewhat common knowledge that there where millions of minted 1964 Peace dollars. They were all melted because of the rapidly changing silver market at the time wasn't stable enough to re-introduce a circulating silver dollar. I don't think they know how many exist but I'm positive its more than three. You see one pop up every now and then at big coin shows and stuff like that but they're illegal and confenscatable by the Secret Service so you don't want to sell them or really show them off. I don't even know if you can get it slabbed.

What that guy has is obviously one of two things. A fake, or a real rariety.

I thought that the Toven Specimen (1974 Alum. Cent, pictured in the above post) was individually 'legalized' to the Toven family in the same manner as the sole 'monetized' 1933 $20 Double Eagle coin....

Sending in an illegal coin for slabbing is not recommended, as PCGS and NGC both operate in U.S. jurisdiction.... They could call the Secret Service if they received a 1964-D Peace dollar that they believed to be genuine.

The monetized 1933 Double Eagle made it out of the U.S. (in error!) and into King Farouk's coin collection in Egypt.

A general flea market would be a much less risky venue of sale (for a genuine 1964-D Peace dollar) than a coin show.

Link: PCGS Article: "The '64 Dollar Question"

It's a fake. I don't even need to see a photo. None survived, and the one in the 2nd post is equally bogus.

$500 would seem to be a ridiculously low price for a real 1964-D Peace dollar, but when you consider that you couldn't send it to a U.S.-based third party grading service, and that you can't sell or even display it in public areas/online without incurring risk of confiscation, you really can't establish a reasonable value for such a coin. The seller was taking a risk simply by offering it for sale in the flea market (whether it's real or fake), and $500 does seem like a reasonable price ceiling for something that would have to be sold as an 'impulse buy' at a general flea market, and that cannot be verified by a U.S.-based TPGS.

Even if you could get the coin into a Swiss bank vault, nothing would stop the U.S. Treasury Dep't from taking legal action in Swiss court to recover the coin. The owner's best chance of being able to negotiate a 'monetization' agreement would be if the Treasury Dep't lost their case in the Swiss court system. If then they didn't agree to monetize the coin, it would have to stay in Switzerland indefinitely. At least U.S. coin experts could fly to Switzerland and examine the coin in person, and there would be one 'acknowledged' 1964-D Peace dollar in existence.

One rumor is that six 1964-D Peace dollars were sold to Denver Mint employees for face value with the permission of the management, and that they were allowed to take them home. These sales would have occurred before the meltdown order, of course.