I made an offer on an auction: https://www.ebay.com/itm/COMPLETE-SET-OF-PEACE-DOLLARS-1921-1935/182973809784?hash=item2a9a16c478 I offered $500.00 for this item. My thinking is as follows: 22 @ $17.00 = $374.00 1928 @ $100.00 1921 @ $50.00 Shipping: $20.00 Total: $524.00 The seller counter offered at $550.00 but I declined. Am I being too stingy, too generous, how would you evaluate this auction?
I'd be a buyer at $500, which means it's probably an insulting offer. The 1928-P has dropped quite a bit over the last few years, but I think you'll wait a long time to find one at $100 unless it's holed or otherwise grossly damaged. (This one looks cleaned/polished, but not defaced.) I'm not able to look at the images in detail, so I don't know if the other better dates (34-S, 28-S, 27-D/S) contribute additional value. I think the asking price is quite reasonable.
Jeff, That sort of feedback is why I asked. I'm still trying to get a feel for the market. The lowest 1928 on eBay right now is $124.00 with a hole drilled in it. Frankly, the one in that collection looked polished to me - which is about the same as a hole drilled in it as far as I'm concerned. Thanks for your thoughts; they help. -Gregg
Checking sold auctions, and carefully weeding through all the copies, magician's coins, "forgot to mention the S", and so on, quite a few have still gone for less than $100 in the last few weeks. Patience will be key here. To me, a hole is a much bigger deal than polish, although of course neither is a good thing. The 28-P in this collection (assuming it's a real 28-P) is in better shape than mine, which is a very harshly scrubbed VF details. It does have saving graces, though; it's apparently genuine, it's unholed, and it was effectively free...
The 1924 and the 26-S don't look so terrible. The 1921 has a nice circulated look to it. Every once in a while I've found some nice coins in these sets. Keep in mind a few hundred people have probably looked at it and decided that there isn't anything there worth their time and money at that price point. Food for thought.
I find that you can learn a great deal by watching eBay. Sometimes you think something that is 'unbeatable' sits out there for 2 weeks with no takers. It is a neat way to watch the market and get a feel for things.
"You can observe a lot by just watching." - Yogi Berra All this time I was unaware he was referring to an eBay lot.
Any decent set of Peace Dollars is going to go for upwards of 600. I have a few sets - a circulated, an AU and my registry set. I just sold another circulated set to my uncle for $800 and it was a fair deal considering the VF/XF 1928 and several AU in the common dates. It's my all time favorite coin and I've studied them quite a bit. Getting any sort of decent 1928-P for under $200 is a real challenge. The 34-S is plentiful in lower grades.
That registry set just be something to behold, Brett. I see my share of awesome early Peace dollars, but the later stuff just is so uninspiring on average. I love to take the chance to check out every really pretty late Peace dollar I can.
Nope. I think it was an okay deal for that but I've been spending like crazy and need to cut back until after the first of the year. It doesn't help that I keep accidently buying Walking Halves - all common date but so very beautiful.
I bid what I'm willing to pay for a coin regardless of what it costs the guy on the other side. No snide intended, but fees (cost of running a shop, cost to sell at a show, etc) aren't my problem. Again, no snide intended - I don't bid to make the other guy money, I bid to save myself money. The only time I get charitable is when a dealer takes time to teach me stuff. At that point I'll throw some purchases his way as a 'thank you' for value added.
Agreed, however you do need to take it into account - since the seller obviously will. I would have paid $550, too bad I missed out! Cheers!
If I wouldn't have blown my pay check on those freakin' Walking Halves I would have probably given $550.00 as well. Walking Halves - fear them more than the Walking Dead. Irresistible.
