1923 Peace Dollar(s)

Posting this thread to get the community's opinion. IMO I love the peace dollar even though in general certain Morgan are worth more, something about the peace dollar makes me choose over the Morgan. So the other day I decided to buy a few after searching for about a half hour to see what the best deal on the best condition 23's I could find. Now I know these are amongst the most common but still considering I like them more than the Morgan I bought these. The first one I paid 24 with shipping over night. The photos def looked better in the listing then did the actual coin. The second which the seller claims is ms63 I paid 28$ with overnight shipping. Im pretty sure I over payed for the first but the second one I am quite pleased as far as condition goes. Idk about ms63 I have an ms62 graded and it does look a tad bit better than the 62 but idk what are your guys opinions?

 

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If they are uncirculated, they're 61/62 - my opinion would be 61 on both. LOTS of chatter on the face and in the fields. Lots of roughness on the rims as well.

The first coin also shows a LOT of roughness on the "M" in UNUM. I think this is an AU details coin.

They are nice, and I don't think you overpaid too badly, but they are plentiful coins in uncirculated grades.

Keep looking around, there are some 1923-1926 uncirculated that are really beautiful and affordable. The less common dates really appreciate quickly in price, but the common dates can be found readily.

Cheers, and congrats on your find!

 

Yeah, MS63 is a little generous for this market. She's dinged-up pretty uniformly. MS61-62 seems about right for her.

 

That's my 62 I know it's not pcgs 30$ shipped I said why the heck not

 

Not such a horrible adventure, but you could probably do better buying graded MS63/64 coins in TPG slabs. Lower-graded BU Peace dollars do NOTHING for me. These coins are usually pretty baggy until you get to the 64/65 range. There are a few exceptions like the odd nice toner, clean coins with poor luster, or really high-end sliders that are visually appealing. Coins in the condition you're showing exist in any desired quantity. If you had the funds you could probably gather up 10,000 of them without too much trouble in a day or two.

For the $52 you spent, you could have purchased a single 1923 in NGC or PCGS 64 or maybe even 64+ plastic. I think the quality difference would be worth it.

 

Thanks for the kind advice. Just curious I noticed a part of the forum where people sell their coins. Would this be a first as to where to look then go down the eBay route and such?

 

Btw just looking at the graded one I have and from the picture the back of the neck seems to be doubled. Is that just from the camera angle? Also the die crack through the neck. What do you guys think?

 

Never mind different angle got it figured out

 

Here's another 1923 that you might like.

 

George, generally-speaking, eBay is where you're going to find the deals, if you know how to work it. In our forum, generally-speaking, you're going to get a fair price, on a problem-free coin. Some of us have websites, and such, and sell coins on those. Ah, in the 11 years I've been here, I've seen some real rip-offs on some of those. Generally-speaking, those are more on the marketing-intensive side, and you have to cut your way through that so as to avoid, e.g., paying $625 for a 1964 MS64 25C because the seller, who has a Ph.D. in chemistry, represents the toning pattern is that unique. It's just marketing build-up. Know what you're doing, so as to not fall for it. Good luck. I hope this helps, somewhat.

 

The die crack across the neck is very common in the Peace Dollar series.

 

@eddiespin thanks for the insight never looked at it that way. I've done my fair share of selling things on eBay I was real big into buying and selling air Jordans until a few years ago when everything started getting crazy. So I decided to pick this hobby up glad I found this site. I can tell there is a lot of knowledge here. This is exactly why I haven't bought any big money coins yet 200+ yet for the exact reason you said eddie

 

While I agree that's it's wise to consider the implications of paying huge premiums for common coins with certain toning patterns, it's useful to note that there is a rather large market for such things. Also, I'm aware of only one coin dealer with a PhD in chemistry and I find him to be quite knowledgeable and helpful for both new and experienced collectors. Singling Tom out publicly seems a bit harsh. While it's always prudent to be careful, he's someone I'd refer people to, not away from.

 

You're welcome, George. Good to have you aboard.

 

Who would like that Brett?

 

Oh my...what a Lady!

 

Welcome! Tho it might be Numismatic blasphemy, I, too, prefer the Peace dollar over the Morgan.

Budget permitting I'd recommend the 1921 Peace-it is in high relief and has nice concave fields, making for a very attractive issue. Finding a well struck coin may be a challenge but it can be done. I'd go for a slabbed coin-PCGS, NGC, ANACS, ICG- and if a touch of wear is acceptable a high end AU can be had for $150-$250.

I've put a date set of Peace dollars together without breaking the bank.

 

So as far as the luster is concerned, not everyone is always interested in a very shiny coin I would assume a coin that's in MS65 condition that has less luster than a comparable 65 is worth more to certain ppl?

 

George, both coins, if they grade 65, should have nearly equal luster, even on a toned coin. On a toned coin the luster is underneath the toning. I think you might have meant that not everyone wants a coin that is blazing white.