Hey everybody it's Jake again sorry I have been gone for a while I have been rehabing an injury but I am back now so I picked up up a 1924 Peace Dollar today and I really like the coin and I have decided to do a set! I know that a Peace set can be pricey with the 21' 28' and maybe the 34S' but I'll admit I don't know much about sliver coins (more of a 2 cent/IHC guy ) so I humbly ask apon you Peace collecting veterans out there to help me with some tips! Thanks in advance! -Jake
Hi JakeT, I'm no expert by a long shot, but the advice I was given when starting all collections was to try and buy the key date coins first. Of course, if you're on a budget like most people, that can be impossible sometimes. The 1921 High Relief, the 1928 and the 34s would certainly be keys to the Peace Dollar Set, and can still be purchased in high grades XF-AU, even BU) for reasonable prices for many collectors; but most NGC or PCGS-graded ones that I've seen on ebay at that "reasonable" price have been cleaned. Now if you're up to spending around a grand (or sometimes more) per coin, then MS64's and higher are sometimes there for the taking, i.e. for your GIVING!! I have even heard that a very, very few 1922 Peace Dollars were struck in High Relief, but I have never seen one for sale, and have to guess that if one were for sale, then it would likely be out of the price range for me! Hopefully, more experienced collectors than I will respond with more, and even better, advice for you. Good luck with your collection, and welcome to Coin Talk- the VERY BEST coin forum, IMO!
With Peace Dollars, the set is only 24 coins, so if you have the keys, you have the set, because the rest can be picked up for pretty low costs in nice grades.
Before you start out, get a book or two. I'd recommend one of the Bowers books. Read it, study it, and then start looking at coins. And notice I said looking - not buying. Go to dealer's shops, shows, use the internet - anything you can to look at coins. And of course in person is better than pics for pics can be very misleading. Anyway, the goal is to get familiar with the coins before ever buy even 1 !
See JakeT, I knew you'd get some expert advice from folks like GDJMSP!! He's an awesome advice giver!
Lately my neighbor has been buying 1927-P Peace dollars. He says he got a hot tip that they were due for a price jump.
I have one, but I think something has been done to it. Can you guys tell me? Its luster is different than my other Unc peaces And the long scratch is on the Airtite, I have to take it out for another picture, most of the little scratches are on the holder as well, it is very nice unc
I've been buying 27's as well. They're unvervalued in any grade in my opinion. It is the 2nd lowest mintage and readily available for just a bit over the most common dates.
Based on the pics I;d say it's different because it's been harshly cleaned. OK - let's see a pic out of the holder. Maybe my opinion will change but I rather doubt it from what I can see now.
I've been seeing some nice peace dollars myself lately. Good luck with your set when you start buying.. I need to get some books myself and read up on some items...
I built a gem set several years ago but ultimately sold it. It was fun but more challenging than I expected. Peace dollars are very difficult to grade and there are strike issues with many of them. After the Mint's disastrous start with the 1921 high relief (broken dies, incomplete detail in the hair and feathers) relief was lowered for die life. Most Peace dollars are not well struck, generally. They tone differently from Morgans too. Exotic rainbow coloring is almost unheard of. Tarnish tends to be spotty and unattractive. Blast white often takes on a golden hue which some collectors like and others don't appreciate. I would recommend you pick up a copy of Roger W. Burdette's "A Guide Book of Peace Dollars". RWB does an excellent job with the coin's history, grading, and collecting tips. It is always a good idea to learn a series before buying. You will make fewer costly mistakes. Consider your target grade. A matched set is the most fun IMO, but collect what you like. Be selective when it comes time to buy. Avoid raw whenever possible. Although the coins are not widely counterfeited some are out there. But really what you are avoiding by purchasing top TPG-slabbed dollars are the ones that have been messed with. IMO the 1927 above is harshly cleaned. Problem coins are never a bargain. Good luck! Have some fun with it. Lance.
They are tough to grade but do your best to learn how to grade them. It is possible to pick up an under graded Peace dollar in a PCGS or NGC slab. I am into MS63/64 grades but there are a good number of AU58 Peace dollars out there for reasonable prices. TC
This is some very good advice.. I just bought my first peace dollar a week or so ago, a 22D in a pcgs ms63 holder that has some nice edge toning. The reverse strike is soft, but I like the overall look which was why I bought it.
