Grade of this 1925 Peace Dollar?

I actually like the coin you bought. Was it overpriced? Probably. What I don't like is you relying on a dealer to tell you the grade and if it's a good deal. If you can't determine that for yourself, you will ALWAYS be at the weaker end of a deal. If you can't call them out on their BS, you are going to over pay.
Take me for example. I am still new to the hobby and trying to grade. If I am looking at a raw coin at a LCS, I need to pay under what I feel the grade is because I am not that accurate yet. So if I think a coin is MS and I can get it for AU money, I think it's either a good deal or a fair deal depending on how I graded it. I basically have a "what I think it is" grade and a "safe" grade and won't pay over safe grade.
When I first looked at the coin above I thought MS60, but I wouldn't have paid more than $25.00 for it.

 

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Why is everybody looking only for "good deals" on coins? This isn't Walmart, folks--the idea is to get a nice coin at a fair price for both parties. If you keep getting "underpriced" steal deals, do you think the dealer can afford to stay in business? Shoot for the fair price for BOTH parties.

 

Maybe the owner has too much overhead, takes more salary than he can afford, has too much inventory. Maybe he needs some quick cash or the coin has been sitting for a year. How he operates his store is none of my concern. As a business owner myself, it is my responsibility to stay in business, not my customers'! A fair price is a price both parties agree to. END OF STORY.

 

That is what I said. So, what is the problem?

 

Let me translate how I took what you said.

"You guys are a bunch of cheap skates trying to buy coins under fair market value. Why are you taking advantage of LCS owners by buying coins below what they want to sell them for. You know this runs them out of business right? So next time you buy a coin, ask if the seller is making enough money because you could pay a little more."

Maybe this isn't how you meant it, but it's how it came across to me.

 

You got hissy without the facts. I was saying that the ideal situation is a fair price for both parties. That allows BOTH parties to be happy, and for both the customer to want to be a repeat customer and the dealer to be able to do business. Right now, the coin business is fairly depressed. Agreed, that it is not the responsibility for customers to keep a business alive and open, but on the other hand, the important thing is to get a desirable coin at a fair price. I do think that the reciprocity aspect is important for a good climate in the coin hobby, and have thought so for over 40 years.

The other aspect of this is selectivity. Many opt to buy a coin because it is a "good deal," as opposed to being the desirable coin that they want. This discourages new collectors from being selective, and learning to grade appropriately. Moreover, In my opinion, I would rather have one 8o dollar coin that was a quality item, as opposed to TWO 40 dollar coins that were undesirable.

 

I am just going to respectfully disagree. I enjoy most of your posts so I will end it here.