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 Replies: 12 / Views: 9,793 |
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New Member
United States
17 Posts |
Hi everyone, I'm relatively new to coins, and I've just gotten back into the fray after ten years or so when I was first hooked. I've cataloged all my coins and graded them, and now I'm looking to take the next step. I'm looking for a new set of coins to focus on over the next 5-10 years, something that will be challenging, but at the same time not extremely expensive and impossible to do over less than a lifetime. I'm also looking for something that will appreciate exponentially over 20, 30, 40 years. So, I've been looking at Peace dollars, grabbing them PCGS-graded at 63-65. However, I know there's not as much interest in Peace dollars as other coins such as Morgans and Walking Liberty half dollars, so I'm not sure what would be the best investment. Regardless, I would like to be able to collect a close to complete set of whichever coin I choose. I'm also not close-minded to other lower-denomination coins, but the Peace dollars are the ones that really popped out at me. Any advice would be greatly appreciated. Also, I've also got a 1907 quarter eagle in uncirculated condition, somewhere from MS61-64. If I want to get it graded by PCGS, what would be the best way to do that? Thanks. |
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Moderator
 United States
23731 Posts |
 , Welcome to the community. I've just about completed the Morgan series and was also thinking about starting a Peace dollar collection. I think they are somewhat overlooked as a series so prices aren't too bad. Still there are several key date coins with the 1921, and 1928. Along with 1934-S that have a high value in MS grade. |
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Pillar of the Community
United States
2797 Posts |
I wouldn't consider collecting this entire series as an investment. If you're focusing on a future return vs. personal satisfaction of assembling a complete set, then choose the right Peace dollars to collect: The keys 1921, 1928, and 1934-S in the highest grade you can afford; semi-keys 24-S, 35-S in MS63+ and only "knock-your-socks-off examples of the other dates when you can find them. If you want to complete the set, then all the other fills won't be an investment. If you approach this by buying the common dates in MS63 without outstanding eye appeal, they won't keep up with inflation. And don't forget all the varieties (VAMs). There are some pricey varieties on the common dates out there waiting to be found.  |
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Pillar of the Community
United States
2541 Posts |
Unless you can get common dates in very high grades, they will probably not be a great investment.
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Moderator
United States
188213 Posts |
to the Community! Full disclosure, I am not a coin investor. I do believe that selling a "set" will always make less profit than selling individual coins. In my opinion, as an investment, there is no benefit to having a complete set. If this is purely for investment, then I would take the advice given. Keep to the key dates and ultra high grade examples of common dates. If you really want to collect a complete set, then complete it! As a collector, that is what I do. However, I have no concern at all about future value. My collection is what it is: mine! I find it difficult to straddle the line between collector and investor. It seems to me that the way to accomplish this is to keep coin collections and coin investments separate. Edited by jbuck
08/19/2009 4:17 pm
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Pillar of the Community
United States
3294 Posts |
I think a complete Dansco 7070 typeset would be a good investment, because you can make every coin in it a key if you want (and can afford it). Most other sets are going to not make $ on the commons as said before (unless we get a silver crisis I suppose).
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Valued Member
United States
82 Posts |
I agree with you jbuck. I find collecting more enjoyable if I don't think a lot about the monetary investment. I feel that what stock and bonds are for.
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Valued Member
United States
436 Posts |
I'm in the middle of a Peace dollar collection right now, and I gotta tell you, the word investment doesn't even cross my mind with this set, I JUST LOVE THESE COINS! I say if you want to collect them, get them all. Like the rest of the forum says, though, if you are just investing, stick with just 21's, 28's, and 35s. I would also consider some other coins better investments, if that's all you want. Do some research, and see which coins have gone up in price the most consistantly, and start aquiring those! |
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New Member
United States
25 Posts |
I really enjoy the set for it's 20s-era look and the fact that you can get a complete set quite reasonably.
As mentioned, the values have been slow to increase with the peace set, but as with the stock market, "past performance is not indicative of future performance". I imagine at some point down the road when these have aged more, the appeal will increase.
I should be 'completing' mine within the week :)
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Pillar of the Community
United States
2602 Posts |
Yes, it seems like the Peace dollar series is not as widely collected as Morgans. But this series is severely undervalued in my opinion. There are numerous low mintage coins that are treated as commons, yet similar mintage Morgans can run you big bucks. Make sure you are careful on the 28- I've seen examples of a a mint marked 28 in which they tried to etch off the mint mark and pass it off as a key date. Always look carefully on the reverse and make sure there is nothing going on where the mint mark should be on the 28-S. Edited by mycrob
08/20/2009 4:44 pm
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Pillar of the Community
United States
3343 Posts |
I like 'em. But I am not an investor in them beyond their bullion value. They're nice but pretty darn common. Why not work on Seated dollars? You really have your work cut out for you. But if you ever complete the set....oh my.... "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
3294 Posts |
Of course there is the appeal with Peace dollars that you can get most of them in AU+ for $25 or less if you look around a bit, as opposed to being lucky to find a common Seated dollar in AU for $400. |
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Valued Member
United States
317 Posts |
I say if you like Peace dollars, then do the set for the love of the coins and for the pride in completing a set. As far as an investment....I agree with what has already been said. Most Peace dollars aren't good investments. Some of the keys are, such as the 1928 and the 1934-S in high grade. Even the 1921 hasn't done much moving in price in a long time. But that doesn't make them a bad collectable. If you love them, and they speak to you, collect them. The best approach to coins ( and many other things ) has been to go for love rather than money. |
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Replies: 12 / Views: 9,793 |
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Posted 08/19/2009 1:44 pm
