That rediculously expensive Peace dollar, for $73

I really love this...gorgeous coin.

Just enough toning and color to give it eye appeal and character yet remaining original luster for an original skin.

The Peace Dollar has always had a special place in my heart since it was the FIRST coin I ever "collected" i.e. saved as a little kid in the early 70's....and likely planted a seed that has brought me here still collecting at age 64.5. It was given to me by my grand parents...the coin saved as a family commemoration of the year 1928 when my then-young uncle died from bone cancer. Preserving that commemorative dollar was a HUGE deal for them since, at the time, my grandfather worked in the local coal mines of Morgantown, WVA with the family Mom and sisters growing up in sack cloth dresses. Grand dad eventually moved the family to Baltimore, Md after Bethlehem Steel purchased the WVA coal mines to fuel the steel plants resulting in my current family consisting of 3 generations (adding my future [now] in-laws/wife) solely from coal & steel heritage. I've mentioned previously that my penchant for continuing to collect contemporary and classic proof coins was in tribute to dad's and my childhood enjoyment of collecting proof sets (a BIG deal to him) on a meager steelworkers wage.

Since already owning the keys, a collection of similarly fine/very fine/extremely fine Peace dollars (circulated) in a battleship greyish toning and skin would be nice, VERY affordable and incorporate the Family Dollar in good company.

Sorry...didn't mean to hijack your wonderful thread but you touched an emotional vein in my collecting passion.

 

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I think it's the relatively low relief of the design and strike...especially the reverse. It was a bear photo'ing my 1928 reverse albeit utilizing my primitive Cro-magnon approach.

 

Special coin @KeyHunter Finishing the set in like condition, would compliment it nicely. Nice Circulated 28'
I did say please post your Peace dollars, no harm or foul.

 

I do agree. It is the lack of sharpness, add in that these were often struck weak. It compounds the difficulty.

 

I've been told that many "weak strikes" are not just a lack of pressure or poorly-aligned collars, planchets, etc.

Apparently, if the dies aren't designed properly -- especially the curvature -- you can have a dull/flat look as was the case with the 1908 No Motto Saints.

 

One of the best technical analysts, Jeff deGraaf, says that gold has approached 1980 bubble territory and he and his firm are recommending dollar-cost SELLING.

He thinks gold/silver could see a 30-50% correction of the up moves in the next 6 months. He is NOT saying the metals won't be higher in a few years but near-term, sizeable drops are coming.

Nothing is gospel, but Jeff is an outstanding TA and very objective.

 

I still consider TA to be a variation on numerology/astrology, with similar occasional successes, and for the same reasons. (If enough people believe it can predict things, and then act on those beliefs, the predictions become self-fulfilling.)

But:

1) I'm not an expert on/in the field, and I'm not making big bets either for or against technical analysis.

2) In this specific case, that other Jeff's opinions mirror my own uninformed, unsupported gut instinct. I would be willing to sell a good bit at these prices, if I could find the right buyer(s). And I'm definitely not buying at full price.