Peace Dollars worth having graded?

Coin Obsessed · Aug 21, 2020

Mountain Man said: ↑

Welcome to CT @NM Rookie and thank you for post your photos Full Image. Makes viewing and enlarging them so much easier.
As @Robert Ransom stated, it would probably be better to select what you consider to be the best few and post just those for opinions. As Robert mentioned, you can learn a lot from members comments. Good luck.
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+1 Welcome to CT!

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Mike Davis · Aug 21, 2020

Welcome aboard !

NM Rookie · Aug 21, 2020

Randy Abercrombie said: ↑

What a wonderful gift left to you by your grandparents. They all appear to be 1922 Philly mint coins and that is a very common date. As far as having them graded in hopes of adding value, I wouldn’t do it. The first dollar has a damaged rim which will render it ungradable. Of the others, the bottom dollar appears to be your best..... I am not a fan of grading coins valued less than about $250.00. These aren’t that highly valued. I am however a huge fan of slabbing coins for family posterity. If you want to keep them and pass them to future generations, you would be doing them a huge favor having them slabbed..... Welcome to the fun!
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Thanks for the reply Randy Sounds about right. I remember going through the Peace dollars shortly after getting them, matching up against a list of rare/scarce ones and realizing I didn’t have any. But I’ve been reading on here and thought it wouldn’t hurt to get a free second opinion.
So for these the sentimental value far out weighs any $ value, I will just hang on to them and then pass on to my son some day. I appreciate the reply

NM Rookie · Aug 21, 2020

Robert Ransom said: ↑

It is best to thread each one or two at the most (number each of the two). Here is what should happen.
Comments will be offered as to why or why not to submit.
You learn by what is said about your coins.
Result: After a number of coins offered for comments, you begin to understand whether you should or shouldn't submit to TPG's.
Osmosis is a wonderful thing.
Welcome to the CT Train and enjoy the ride.
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Thank you for the reply Robert. Next time I will keep it to 1-2 coins per thread. Ha by the 12th one I kinda sensed I was over doing it

NM Rookie · Aug 21, 2020

Michael K said: ↑

It doesn't pay to have coins graded unless they are worth a lot of money.
Or, if you need the authentication/certification.
Most of them are in the $20-$25 range.
The 1927-S has a lower mintage and is worth a little more, but the condition is not as good. You could get an album and put them in there.
The only high relief is 1921. There are only 10-12 high relief 1922 in existence (proof) and 1 business strike. Here is an excerpt from USA Coin Book:

One extremely rare and valuable variety is the 1922 High Relief Peace Dollar. Most 1922 Peace dollars are Normal Relief. So their features are not as sharp and they don't stand out as much. In the previous year - All 1921 Peace Dollars were High Relief. The US Mint found that this original high relief design produced a higher quality and more beautiful coin but it caused more wear and tear on the dies that produce the coins - which had to be replaced often. So early in 1922: The US Mint decided it was more practical to produce dies that resulted in a coin design with lower relief and lower quality for general circulation.

The US Mint originally produced 35401 of these 1922 High Relief coins (mostly non-proof business strikes intended for general circulation) before going to a Normal relief design. Nearly all of these high relief coins were melted down a short time later by the US Mint. Only about 10 to 12 High Relief 1922 Proof (Matte Proof) Peace Dollars are estimated to exist. One stray non-proof business strike coin also exists!
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Thank you for that Micheal, I didn’t know any of that about the peace dollars, I really only knew the basics about those so that was educational. They left me a fair amount of Morgan’s that I gravitated more towards and spend most of my time reading about those instead
Thanks again

Robert Ransom · Aug 21, 2020

NM Rookie said: ↑

Thank you for the reply Robert. Next time I will keep it to 1-2 coins per thread. Ha by the 12th one I kinda sensed I was over doing it
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Just a little bit. See, you are already learning.

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Peace Dollars worth having graded?

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Peace Dollars worth having graded?

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