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 Replies: 36 / Views: 4,332 |
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Valued Member
United States
164 Posts |
*** Moved by Staff to a more appropriate forum. ***what are 1928 Peace dollars worth?
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Rest in Peace
United States
4078 Posts |
Looking at June COINage Price Guide a VG is $435.00. it has the lowest mintage. I have two 1923s and was curious. Let others jump in about value for Peace dollars are not my forte. Edited by bpoc1
08/09/2011 4:15 pm
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Pillar of the Community
United States
3276 Posts |
I'd say normally about $200 and up. Price largely depends on condition though.
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Pillar of the Community
United States
5854 Posts |
It would depend on the condition and if it's genuine. Assuming it's genuine, auction records on Heritage range from about $275 to $325 for a EF-40 or 45 to about $3000-4000 for a MS-65.
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Pillar of the Community
United States
3294 Posts |
Also, you need to make sure it is not a 1928S Peace dollar. The mintmark is very small on these coins and is found on the reverse at about 7-8 o'clock. |
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Rest in Peace
United States
4078 Posts |
Wow! Why is the COINage price guide so out of line. I realize it is a June issue. Does auctions and e bay bring the value down to reality, what people are willing to pay?
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Pillar of the Community
United States
5854 Posts |
I have been told over and over again that price guides are just guides. They may or may not reflect the actual value. I generally regard actual auction records and sales as the most accurate reflection of value.
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Pillar of the Community
United States
3755 Posts |
 Only way to say with any kind of confidence is with pics. Coin World, which is about the best to use, starts the 28 out at 250 for AG. And auction does NOT reflect value IMO. Pieces at auction can go for way more or way less than a reasonable value. Just depends on who is buying and what they want. That said, the catalog price is not a written instne value. In this case, if it were an AG, I would likely offer 175-200 depending on how it looked. Next guy might just say yep, I'll give ya 250. He would still be getting value for his oney. |
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Pillar of the Community
United States
1554 Posts |
I agree with smokeriderdon. Auction prices are an unrealistic guide for the value of your coin. 1928's in circulated condition trade from $350-$400 generally.
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Moderator
 United States
23522 Posts |
Quote:
Coin World, which is about the best to use, starts the 28 out at 250 for AG.
And auction does NOT reflect value IMO. Pieces at auction can go for way more or way less than a reasonable value. Just depends on who is buying and what they want. Auction prices can form a fair sampling when they're places like Heritage, which has sold over 150 1928 Peace dollars at auction already in 2011. There, $250-ish will buy you an XF or an AU Details 1928, consistently. Including the Buyer's Premium. When buyers are knowledgeable, only eye appeal varies the price of a given coin at auction. |
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Pillar of the Community
United States
1554 Posts |
If Heritage sold over 150 1928 Peace dollars at $250ish, the consignors(sp?) of these coins were absolute FOOLS! Or, needed FAST cash. |
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Rest in Peace
United States
4849 Posts |
I'm with Dave. A coin is worth what someone is willing to pay. An auction that has a broad collector base, like ebay or Heritage, in general will reflect what people are willing to pay. I have noticed that in many cases it is lower than what dealers ask for coins. But often dealers need to hold the coin for long periods before someone comes who really wants the coin. An auction takes this factor out of the equation, which in my opinion reflects the true value of a coin in the case when it needs to be immediately sold. Which is why I think the $250-$300 range is a better indication of the true value of the coins in general within that grade. Yes, auction values vary, but often times the quality of a coin can vary substantially within a given grade, which is another element that needs to be factored in. |
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Moderator
United States
23522 Posts |
Quote:If Heritage sold over 150 1928 Peace dollars at $250ish, the consignors(sp?) of these coins were absolute FOOLS! Or, needed FAST cash. Oh, not at all - prices were inline with grading. Grade distribution of 1928's meant that close to half of those sales were XF-AU (be they Details or not, and it was enough to give me a reliable indicator regarding value), and they moved a PCGS MS66 example at close to $50k last April. That was an anomalous result; a PCGS 66 offered in January fetched less than $30k, but the April coin had a Jack Lee pedigree and (to me) nicer eye appeal than the January coin whose only real mark was in a distracting place between eye and nose, and a much lesser strike. |
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Pillar of the Community
United States
1554 Posts |
Dave, I know you keep up with all the variables etc. etc. than I do, but, I stand by my $350-$400 value and that anyone selling for the $250 price would be a fool!. I've been around a long time and am quite involved. I sold a 28 last summer to a very well respected, honest, shrewd, and Lifetime ANA member out this way for $350 in unslabbed VF and he was quite happy....Yes you may have to hold on to the coin for a while to sell but beeing ripped for $250 is unreasonable unless you need FAST cash... |
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Moderator
United States
23522 Posts |
The auction results speak for themselves, 1893S. I am only repeating news which has already happened. However, I quite concede your point about being patient and waiting for the right deal; your evidence only reinforces that wisdom. Not everyone knows enough to shop at Heritage, and Heritage is not always the right place to buy a coin. Especially with something as desirable as a 1928 Peace dollar, my words here represent a "Devil's Advocate" and rather pessimistic point of view. I feel this to be important for the OP, who is obviously in the beginning of the learning process regarding this coin. Between the two of us, we are helping to accelerate that process.  |
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Forum Mom
United States
5877 Posts |
The fact remains that we won't be able to provide a true opinion until we see pictures of the coin in question.
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Replies: 36 / Views: 4,332 |
Posted 08/09/2011 4:21 pm
