Peace dollar collection tips.

I've collected the peace dollar for many years now but have never really gone after a good complete set...with any of my coins for that matter. Lol. Well with the peace having 24 coins I figure I'd be a good starter.

So here's what I figure, the 28 P and 34 S are the keys.
I'll collect them all in PCGS slabs
And I was thinking about looking for ms62-64 range. (except for the keys, get as high as I can)

Now here is where y'all come in, what do you think? I know the strike on the peace are generally weak so thus there can be issues with the look of the coin. What do you suggest I look for, what ms state is best for the peace, or what would classify a nice peace. With such a weak strike, an AU can look a lot better than a ms if the conditions are right. So more heads are better than one. Thoughts on how to go about this little adventure and what to watch out for?

 

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The 34S in MS63 will set you back 3Gs.

Otherwise everything else is somewhat affordable in MS63.

Get coins that you like looking at and you feel are worth the grade, not based on their grade. Buy the coin, not the slab!

If you can find a well struck '21, jump on it. It is one of my regrets with this collection & a lost opportunity.

You can get the easy coins (22-25P) in MS65 or up for not too much, try to do so.

I just finished my set Finished my Peace Dollar set! and will soon begin to upgrade, so good luck!

 

Well of course buy the coin, not the slab. I'm just looking for direction, I want to keep it as uniform as possible.

 

I'm not really talking in matters of grade, but in visual charm. Some peace dollars have it, and some don't. It really is a personal thing. Buy coins you like, not just those who make the technical grade. My favorite Peace dollar is my 27S (On the right below), lots of color. You have to decide what you like in the coin and go for that.

 

Exactly my thoughts.

 

Yes, I would look for a well-struck coin, with minimal marks in the field and cheek. I have only the 1934 S to complete my set and have collected in the MS63 to MS64 range. Your budget will determine the coins you can collect, be patient.

Good Luck!

 

Yeah I'm looking in the 63-64 range...

And GDJ, thanks for the advice, that's exactly what I was looking for.

 

We have a very different definition of "expensive". :smile That is what I get for being a novice and funding my collection via rollsearching. :foot-mouth: Too many 64's are out of my price range, so I live with the marks on the 63's, at least until I can afford to upgrade.

 

Amen to that inquisitive. I try to buy as high and a "beautiful" a coin as I can. Quality over quantity.....however I am a college student and on a budget. "expensive" is subjective lol, I'm sure we'd all buy perfect if we could. But yes I try to buy the best I can.

 

I would say take a good look at the coin regardless of what the TPG says. Buy what you like and feel comfortable with. Also take it slow there is no need to rush, and always keep some funds free just in case you see one that is hard to find for a good price.

 

Yeah I'm in no rush, I figure it's at least a 2 year project, 1 coin a month.

 

So an update....

I wasn't ready to buy a new coin, I had already bought my coin for this month (my Morgan) but I was on eBay earlier and happen to catch an ending auction. I managed to snag a 1923 P Peace Dollar for $60, $10 under value. It just called to me and I'm happy. It's an ms64 for those curious. Pics to come soon.

 

I'm in the process of selling off all my raw Peace Dollars (which is most of them) and replacing them with slabbed coins.
This set is NOT one of my prime interests so I'm buying coins priced below $200.
That means most will be MS-63 or -64.
Not the best I can afford, but the best I'm interested in.
But I won't go below AU so a few of them will bust through the $200 limit.
This is what will make me happy.

At the moment I've got 9 with two more on the way.

 

Suggest to the thread starter that before starting a Peace Dollar collection that he buy Roger Burdette's book "A Guide Book of Peace Dollars" (Whitman Publishing) I think you'll find it worth the $15 and it will give you not only some guidance in what you are buying (by year and mint), but also some compelling history about it's design.

 

I'm currently completing a set now, i got like 11 more coins to go. When i started i felt a 64 of the common dates were good enough, but now i wish i bought 65's(as they are affordable). I personally love this design and as i got more into it I only like to buy the coins that might be undergraded. When I'm all done i plan on sending in those coins to get regraded. 63-64 are really nice coins, I also have a soft spot for some toning. Only buy the coins that look attractive to you though, I have seen some 63's that I felt were not worth the money(especially the San Francisco strikes)

 

65s are very nice, so I know how you feel. I am a college student however and there's something about paying double for that extra point....going from 50 to 100 when you go from 64 to 65. I k is it's not a lot of money but it does add up. All 64s is what I've decided on, 65 is just too much of a barrier atm I think, it's psychological lol. I'll upgrade when I can. I'm just taking my time and searching for those that appeal to me.

 

I put together a complete set of Peace Dollars that took about 3 years to do. I found out that I should have done more research before I started because frustration ruled much of the time during my time spent on this project. The frustration came from not being able to find a nice strike on every piece I needed for my collection. As time went by, I learned that a few Peace Dollar years and mint marks have poor strikes about 80% of the time. They are: 1921, 1923-s, 1925-s and the 1928-s. Finding any of these four well struck is uncommon and if the seller knows what he has, you can expect an added premium. Hope this helps.

 

This is good advice, follow it.

My advice is this. Save your money and make sure the first coin you buy is a PQ common date MS65. Once you have a high end 65 in your collection, you will be much less likely to settle for the 63's that Doug is talking about. Start your collection with one of these:

 

Thanks, that does help. I'll keep an eye put for those dates. I love your name/pic btw, I work in a vet clinic so I love things like that lol