Hi all. I finally got my hands on some GSA peace dollars! They were sold as Unc but I have a feeling one or both may be AU. What do you think?
Both of the GSA markers say circulated on the back......I would say that supports your AU observation. Still they are nice coins! Did you get them for a reasonable price? Freddypm
Nice finds. All GSA soft packs (aka: blue packs) were issued with circulated coins. That's not to say some of those coins wouldn't garde MS. Your 1922 may be a candidate for low MS. The 1923 looks AU/XF... I can't really tell from the photos. These soft packs are really starting to fetch a premium nowadays. Did you get the paperwork and packaging with your purchase?
For common date Peace, there's not much difference in price 'twixt good AU and low MS. Both are around melt (~ $15 or so). Maybe there's a premium for the GSA soft pack... I dunno.
I paid 144 for the pair. Even though they were marked as circulated grading standards back then were less well defined and there are quite a few ms examples out there. I think the 22 could get away with ms 60, and the 23 au 55.
That's actuall pretty good. GSA Peace dollars have commanded a premium since NGC started grading them. It will only rise once they are added to the registry this onth or next. I am happy with what I paid.
I got my peace dollars in this condition for only $20.00 each. I am not understanding why it had cost you so much?
the premium is in the packaging. i find the additional history of being gsa interesting. in my opinion, when you are happy w/ the price you pd...good for you. i don't look for a purchase (for my collection) so i can make money in the future, because it is too tough to predict. the main thing is that the $ you pd will be equal to or less than the enjoyment you get from them.
I've got a nephew who has been trying to pick up one of these for awhile. The price you paid is reasonable. He knows the price of an unpackaged example, but after talking to me, knows the history behind these releases. And he's willing to pay the price for just one example.
