Adivce Needed: Peace vs Morgan Silver Dollar

Discussion in 'US Coins Forum' started by timewaster1700, Feb 8, 2019.

  1. Mike Thorne

    Mike Thorne Active Member

    Most all the advice I read here sounds good. As has been said many times, be a collector first, collect what you like irrespective of its investment potential, buy the best grade you can afford, and be happy with whatever happens.
    timewaster1700 likes this.
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  3. Two Dogs

    Two Dogs Member

    You are wise to conclude that you need to take your time. I was anxious a couple years ago when putting together a set and made some hasty purchases. I would have been much better off to wait to see what other coins might come available. Then when that nice coin comes along, I have to sell the first one I purchased and take a haircut. I LOVE the 1921 Peace Dollar, but it is very difficult coin to find consistent grading. The strikes are different, the penalty for contact marks does not seem to be consistent. You really need some experience and you need to see some in hand before you pull the trigger on a '21. If I was starting a Peace Dollar collection, I'd probably go for the Philadelphia mint coins first. Make sure you try to sell some of the coins you've purchased just to do a reality check on what you've been paying. Find a coin show to attend near you and ask lots of questions.
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  4. timewaster1700

    timewaster1700 New Member

    Thanks for the advice everyone. I admit I'm having a tough time shaking the bug to get a 1921. I've probably looked at 100-200 of them over the past few days and have been trying to study the details. Something about the challenge of finding one with a good strike and nice luster is fun.
    DUNK 2 likes this.
  5. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    Good for you. Be patient, and it will come. Expect to pay about $500 for a nicely struck MS 63; more if it is higher in grade.
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  6. DUNK 2

    DUNK 2 Supporter! Supporter

    That’s exactly how I felt as I put my Peace Dollar collection together.
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  7. JPeace$

    JPeace$ Coinaholic

    Be patient please. If you look at most auctions, there are plenty of '21's in all grades. Find one that has a nice strike of the hair above the ears. It takes some looking and patience. This area is the weakest struck.

    I have a MS64 and the hair above the ear is modestly struck. Still better than most of them out there, but I'm still searching for one with a better strike.

    Find a hammered '22, '23, '24 or '25 first. Just my opinion.
    timewaster1700 likes this.
  8. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    One of the books I acquired when I became interested in Silver Dollars many years ago is this one.

    Would recommend to anyone serious about it . Newer VAMs ( One since publiscation) are to be found on VAMWorld site . Good write up on the GSO sales. They are expensive if you want book perfections, but used, torn dustcover, etc. they are reasonable.
    timewaster1700 likes this.
  9. timewaster1700

    timewaster1700 New Member

    Got the "Guide to Peace Dollars" in. Thanks so much for the recommend. It's been interesting and very helpful so far!
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  10. JPeace$

    JPeace$ Coinaholic

    It's a great book. Enjoy. If you have questions, don't be afraid to ask. Very knowledgeable group here.
    timewaster1700 likes this.
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