I found this old bill clip today which has a 1923 Peace Dollar encased into it. The obverse is horribly worn, but from what little is shown it appears that the reverse is in far better shape. So, what is the best way to remove the coin without further damaging it? The last time I tried this was with an ike dollar attached to a necklace, and I regrettably ruined the face of the coin while removing it
And as for a grade, coins like this are graded on the basis of the worst side. Split grading is a thing of the past EXCEPT for the EAC people. I'm not quite sure the criteria but they will split grade raw coins and the single grade assigned would be some sort of average.
Sell it as is and buy a better coin. It will be far worse if removed. Appears to be a pressed bezel holder.
A few careful minutes with a pair of plyers and the coin was free. However, I was sadly mistaken in thinking that the reverse was in better condition:
It was in the junk silver case at my local coin dealer and I only paid melt price for it, so no loss. I guess I finally have a specimen that I won't feel guilty carrying in my pocket.
Soak that thing in Goo Gone for a day, peel off what you can, then repeat until all that goo is gone.
After looking over your initial pictures, I was sort of hoping you would find a way to get the coin out just to reveal the reverse. It's like having a present under the Christmas tree, and you don't know whether it contains goodies or coal.
Let it be. It's junk silver with zero numismatic value. The inscription on the reverse of the clip might be of historical interest. Check it out.
I would take it to local coins stores, offer to sell it. and see if they will take it out for you lol !