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<p>[QUOTE=&quot;Gregg, post: 3133870, member: 90419&quot;]I asked this same question last week. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p>Let me share a short history of my experiences since starting about a year ago.</p><p><br /></p><p>My dad was stacking silver, which is boring, so I suggested that for about the same prices you could get worn Peace Dollars and have something with a bit of history behind it.&nbsp; After he bought a few I decided to jump into the hobby and now we&#039;re both collecting Peace Dollars.</p><p><br /></p><p>My first purchase was at a coin show in Ohio where I bought a very shiny Peace Dollar for $30.00.&nbsp; I&#039;d done a little research into the hobby and I was convinced I was walking away with a &#039;steal&#039;.&nbsp; Poor old dealer, well into his dotage, was giving away GEM/BU coins for nuthin&#039;.&nbsp; I spent $100.00 with him.</p><p><br /></p><p>At the time my father and I were convinced that getting Peace Dollars for $19 was a good deal (the local coin shop sells them for $22) - and getting these GEM/BU dollars was like minting money.&nbsp; Clearly, these dealers are stupid and desperate.</p><p><br /></p><p>Then reality hit: Almost all of our submissions to ANACS came back as <i>cleaned </i>and my beautiful GEM/BU had been <i>polished</i>.&nbsp; I&#039;d paid at least <b>TWICE</b> what the coin was worth.</p><p><br /></p><p>Further research into the hobby had us excited about getting Peace Dollars for $18.00, additional digging around and $17.00 was the new norm - learning to use eBay to snipe deals dropped us into the $16.50 range.&nbsp; Last week I set a record for us with a purchase of 10 Peace Dollars for $16.00 each only to beat that record with a purchase of $15.21 <i>- which upset my dad who went out and sweet talked a dealer into $15.00 each, which is cheating, but whatever.</i></p><p><i><br /></i></p><p>The point is this: Over the course of a year we went from paying $30.00 for a $12.00 coin to paying $15.00 for a $12.00 coin (the dealers do have to make some money).&nbsp; None of this had anything to do with a price guide - based on my limited experience with Peace Dollars I wouldn&#039;t give you what any price guide I&#039;ve seen has listed.</p><p><br /></p><p>That is to say, in the course of at year I went from paying 2X the price guide to paying less than the price guide - but you kind of have to work for it and I&#039;m still terribly new.[/QUOTE]</p><p><br /></p>

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