So just wondering because i can't find a thing on them. I didnt think they were made that year at all. But i was looking around the local pawn shop yesterday and checked the coins like i do. And there was a silver peace dollar dated 1929... Just wondering if there really is such coin?
You're right, there is no such thing. It's either an altered date, chinese counterfeit, or a 1923 that took a hit to 3 and was damaged.
Or it could be one of the plated magnetic (looks like silver) Italian novelty coins made many years ago. If it is one of these, in addition to the "1929" date, it will say "REPRODUCCION" in small letters below the Eagle's talons. If in decent shape, I would be a buyer of the Italian version at about $25 to $35 depending on condition.
I'll need to look at it and actually hold it. But i looked at it and it through me off.. and it was for sure a 29. Maybe he'll let me get a pic or two.
Yeah I'll for sure take a look at the reverse i only seen the obverse in his display case. But it looked in great shape.
Yeah i may give it a shot. Going to have to be tomorrow but I'll post pics if i get it. Possibly if i don't as well lol.
If it does in fact have "REPRODUCCION" on the back, I think if you show that to them you would likely have a lot more bargaining power to get them down to perhaps $10 or so. Also, show them if it sticks to a magnet unlike real silver. So make sure to have a decent magnifying glass and a magnet with you when you go in there.
I looked up what you were talking about and couldn't even find anything on that coin. Do you have a link to it? But yes that was my plan to go in and check it if it has it i will say something, and yeah I've got my 10x loupe and magnet. So if it does not say that its guaranteed fake then? No possible way it could be real right?
No possible way. There were no Peace Dollars struck between 1929-1933 inclusive. They were initially designed and struck as a fulfillment of the Pittman Act, which required the melting of a certain number (270 million when it was all said and done, 47% of the total production) of Morgan Dollars for sale as raw silver to Great Britain during WWI, with the caveat that at a later date they must all be replaced by striking new coins in American-produced silver. This legal requirement was completed as of the 1928 production, so the mintage was ceased. New legal maneuverings - oddly enough, begun by an amendment to the Agricultural Relief Act of 1933 and resulting in the Silver Purchase Act of 1934 - created a mandate that the Mint produce silver coinage as a way of backing fiat currency and forcing the US back into a gold/silver standard. This is what caused production of the Peace Dollar to resume in 1934 and 1935.
