I just purchased this peace dollar for under $100. Was it a good choice and price to buy it? New to coin collecting but it seemed valuable.
If it was problem free, I would call it VG10 shot F12, but it looks cleaned. I'd grade VG details cleaned.
F-15 Details, cleaned. Depends on what you paid "under $100." Do research on coin prices before you buy them. eBay sold prices are great to start off with. $100 is too much, hope you paid well under $100.
It does look cleaned. And I agree with what silverdollar2017 said, "$100 is too much, hope you paid well under $100."
I checked my records for what I paid for my 1921, and it was $71.37. Mine has not been cleaned, and has more detail than the OP's. I'm intending to buy another, slabbed and certified this time, but have my eye on a gorgeous '26S that has no bids and will close in two days.
@kfox1 Some of the replies may be short, but don't be embarrassed or discouraged if you find out you overpaid. I don't think there is anybody on here who hasn't done the same thing at one time or another (and probably multiple times, but I'm trying to be nice ). Sometimes acquiring knowledge can cost you, but the trick is to learn from it and move forward. You may want to look at the grading standards to see if the feedback makes sense to you, and how members knew it was cleaned, and look up the sold prices. If you can take away something, then it's probably worth it
It's a nice coin but I agree that it has been cleaned and possibly re-toned. How well you did really depends on how much you payed under $100. About a year ago I payed $25 for my current example and it graded XF40
Agree wholeheartedly with @Oldhoopster and @TheFinn. Not a person here whose eyes didn't glaze over and ended up over paying for a coin at one time or another. Man, I have some humdingers myself that I can think of. Don't let that slow your passion one bit.
I just overpaid for a world coin last month that I needed for my collection. It was in an auction, so others were willing to pay up too. I may lose 50% on it, but it was something I had waited a long time to get. I just need to sell it to the right person if I ever do.
Thank you everyone for the help and knowledge. I will learn from my mistakes and try to make some of the profit back. Thanks again!!
I know this was a while ago but a quick update is I sold it for $52 and am only out $25. I am happy with that.
With something like that, it's always going to be worth (50-60) and if silver were to skyrocket, or the price were to escalate, it would be worth holding onto, to eventually break even or make a small profit. From your photos you can see the cleaning scratches on the reverse. And notice how "shiny" the obverse is, even though it is circulated and the luster is gone. Some coins can be cleaned gently and correctly, but this one was cleaned improperly. 1921 still one of the good dates in the series. Cutting your losses with the sale is an option. I'd hold onto it as a reminder and a possible future break even. You aren't the only person who ever over paid for a coin. I've done it more than once.
