This is the roll-end coin from an unopened Peace dollar roll. I opened it since I figured I should be able to get a good grade on all of them and I would submit them in bulk. This one is representative of the lot, though most of the others are less toned. I know these and the common-date Morgans I have aren't worth "much", but I figure with the good grade, and I think with the ever rising price of gold / silver, a nice graded bunch should make a good long-term investment. Right? Thanks again for the opinions! Terry
That coin's not in any kind of holder, is it? On the reverse, there is what looks like a rim ding at 3 o'clock.
Well, I can't really grade from the pics, but no matter what it is, the ding will lower market value. That coin might even just get slabbed as genuine/damaged, depending what service gets it.
Yeah it looks like a pretty big rim ding right at 3 on the reverse. I check the prices on NumisMedia from MS 61-64 the prices go from 22-44 dollars. For MS65 its around 150, and in 66 it jumps to 650. The problem with getting all those commons graded is you really need most of them to come back MS64 or higher just to break even from the grading fees.
I hear you. I noticed that the "book value" of these doesn't really jump until MS65+ I was wondering if that blotchy stuff was water damage. When does a "stain" become water damage according to a grading service?
Not really an easy question to answer. There is no cut and dried definition that I know of, it is more of a judgement call. There are plenty of coins in slabs that have stains. But there a whole lot more that have been body-bagged because of it.
Peace dollars are without a doubt the hardest, Peace dollars are without a doubt the hardest US coin series to grade that there is IMO - they are one strange coin! Outside of a few dates they always come sort of weird - the 22,23,24's are just sooooo common - this coin is an AU coin, (mint state details) with environmental damage at some point - given all the saved 22's this one's not even in the game. Many of us agree there is something strange about Peace dollars and have had lots of talks about them. After they lowered the relief it just ruined them - they are so flat and unremarkable even in mint state it is a real shame on this design as it was really great to begin with. Another very very strange thing among peace dollars is lack of or little toning compared to Morgan dollars, Don't you'all think that is really strange - on the one hand we have tons of beautiful toned Morgans and how often do you see a similar Peace dollar. Both were stored in bags, the Morgans maybe a little longer but that's not enough to explain it is it? I actually believe that the surface texture is different although I can not prove it I somehow think the Morgans lend themselves to be more affected by toning than Peace dollars. Like I said I can't explain it but something going wrong here with the series. The Peace dollar pictured is toned because of something (probably a rinse or dip) and that's about as toned as you see them compared to other series - like I said it's a strange series.
I don't know about that. Grading Peace dollars might be hard but grading 2 1/2 Gold Indian Eagles has to be the hardest to grade. Ruben
