What To Do With An Altered Peace Dollar

I'd keep it and do so in such a manner that it's clearly labeled. Just to do your father right, see if some time in the future you can replace it with a real one. =) It was part of his collection for a reason, so why not keep it. =)

I definitely wouldn't sell it. There are too many unscrupulous souls out there. If there's a CCFer here that collects altered dates, and you really would prefer to have the money, you could go for that, but I'm more in favor of just holding onto it, separated (or at least clearly marked, bagged, et cetera) from the rest of the group.

To me anything left to me remains with me or another family member who will hold on to it. After all it is a family heirloom.

That my friend is a tough question, and not one for me to answer. I would however consider physically marking the coin in a manner that would keep the coin at it's current real value which I believe to be melt. But that is just me. Or you could send it off for certification. Who knows, just could be some unknown oddity.

If there is any sentimental connection to the coin I would keep it as is where it is. If not, put a huge scratch on it and sell it for melt value.