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 Replies: 10 / Views: 369 |
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Bedrock of the Community
United States
11880 Posts |
$52. Recently, I purchased 138 Peace dollars for $52 each. I bought these on 12/18/25 when silver was about $67.20. When the Hunt Brothers tried to corner the silver market in January of 1980, silver hit a peak of $50.35. The current nominal price of silver has surpassed the Hunt Brothers peak, but if you were to adjust that price in early 1980 of $50.35, back then that sum had purchasing power equivalent to about $209 dollars today, so in inflation-adjusted real terms, we are still far away from the 1980 peak of silver 45 years ago. Posting one Peace dollar for grading each day alongside my daily Morgan dollar, with the hope that we all are able to help one another get better at grading Morgan and Peace dollars in the new year. Right now I think I have 143 coins in this queue for grading since I bought 138 and had 5 more lying around.    IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
 United States
11880 Posts |
Hard to believe that the melt value of this Peace dollar in any condition is $80 tonight.  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
73628 Posts |
I'll say MS-62.
Errers and Varietys.
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Bedrock of the Community
United States
36491 Posts |
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Bedrock of the Community
 United States
18630 Posts |
Quote:Hard to believe that the melt value of this Peace dollar in any condition is $80 tonight. if we only knew MS61 |
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Pillar of the Community
United States
3622 Posts |
Fairly well struck and a nice original surface. Kindly shooteth not thy messenger, but I'm at a bourse floor MS-61 here. There are just too many scratches for MS-62 on a Peace dollar. |
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Valued Member
United States
61 Posts |
The details are nice but with the scratches I would agree with MS61
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Bedrock of the Community
United States
11880 Posts |
Quote:
Kindly shooteth not thy messenger Lol, no need to shoot anyone when I've made 54% profit on everyone of these coins in just over a month. Among the best numismatic purchases I've ever made. Hope everyone with gold and silver in their collections is as ebullient as I am today.  But who knows, next week it may be a different story. If I get crabby, maybe you'll know why. But this weekend... IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
3622 Posts |
You know me well enough to know that I'm cautious on grading and even more cautious on transactions. You are less risk averse, and have made fantastic purchases over the years, many times on pretty sketch photos. Your instincts are tremendous. Just from the overly cautious corner of the room where I usually play the role of a permanent wallflower, I'd whisper that now may be the time to take your profits off the table on the scruffier coins, while letting it ride on the nicer coins. I'd gently offer an old adage that "pigs get fat, but hawgs* get slaughtered." *It's always spelled that way in this adage  |
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Bedrock of the Community
United States
11880 Posts |
Thanks for the advice. I can appreciate it as great advice. I have been taking a lot of profits recently speculating on silver ETFs. I've had ownership of the equivalent of over a metric ton of paper silver in the past couple of months which I have traded in and out of for a nice profit. These 138 Peace dollars are part of my coin hobby that I intend to hold until liquidity improves and premiums return for unc Peace dollars. Right now they trade at a discount to melt. Maybe it doesn't work out and the price of silver collapses. But unlike electronic shares, coins provide a tangible artifact from our history. I'll speculate with securities, but coins are something special to me regardless of whether the rest of the world recognizes this and is willing to pay a high price for it. It means a lot to me to be able to share the ride's ups and downs with my friends here. 30 years from now, if I'm still around, I won't forget the many ways that you and other members of this community have tried to help me. Thank you!  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
18630 Posts |
well, you have kept us all busy for quite a while and I for one have honed my grading skills especially regarding Peace dollars that I never really got into. they are definitely a different animal than morgans. one of the biggest changes in my grading them is that what an MS63 is for a morgan is more like a MS62 or even 61 Peace dollar. I cant quantify how much FC has added to my knowledge base for them. keep them coming as long as you have them. |
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Replies: 10 / Views: 369 |
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Posted 01/23/2026 11:11 pm
