Peace dollars

Discussion in 'US Coins Forum' started by Derrick Combs, Feb 24, 2020.

  1. Derrick Combs

    Derrick Combs Active Member

    Recently I was watching auctions on Ebay of some 1923 ms65 peace dollars being sold. There were a few and some sold for more than the ngc value, some sold for less. I took some screenshots of the coins and I was able to get all 4 into one. The screenshot of the 4, the bottom right appears to me to be the nicest one. However, it sold for 87 whereas the other the went for 99+. Am I missing something here? Because why would you pay more than the ngc price for the others? The other three appear to have marked fields and spots. Screenshot_20200224-060622_Gallery.jpg
    Last edited: Feb 24, 2020
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  3. Inspector43

    Inspector43 72 Year Collector

    Your subject is 1922 and these appear to be 1928.
  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Did all of the auctions end at the same time? ~ Chris
  5. TheFinn

    TheFinn Well-Known Member

    Look like 1923s to me, which are about just as common as 22s.
    longshot likes this.
  6. Derrick Combs

    Derrick Combs Active Member

    Yes they all ended within a couple hours time frame from the same seller, same night. And yes 1923 sorry.
  7. atcarroll

    atcarroll Well-Known Member

    Somebody really liked them, and they were willing to pay more than the price guide suggested.
  8. Derrick Combs

    Derrick Combs Active Member

    I realize the value placed is just estimates or whatever. I just don't understand why you would essentially pay more for less. Do my eyes deceive me or does the one on the bottom right appear to be nicer than the other 3? Im new to coins and am trying to figure out if there's something im missing or not I guess?
  9. ldhair

    ldhair Clean Supporter

    I like the obverse image of #4 the best. Maybe the reverse images would explain the price difference or maybe it was the last coin to sell. You never know what will happen at auction.
  10. Derrick Combs

    Derrick Combs Active Member

    I can get the reverse up later but I can tell you there was no real reason why you wouldn't run the bottom right up over the others. The bottom right was the third to sell. When it sold, the last was already current at 99.99. These coins were even sequenced, 5831231-042 is the bottom right. 038 040 and 041 were the other 3. I even puked 039 it got popped for ms64.
  11. geekpryde

    geekpryde Husband and Father Moderator

    The listing title alone can cause some people to not find certain coins. Just because you found it, doesn't mean it was easily findable in the normal ways to the normal eBay masses. Likewise, something about that seller might have scared off certain buyers. Recent negative feedback? Shipping from a scary place? Those are a few of the reason why some coins, even if the coin itself seems better, might not go for as strong of a price as other very similar examples.

    Now, based on the photos I think this is probably the same seller for all coins, but you didn't actually specify that or not in the OP.

    Not seeing the reverse makes judging the coins hard.

    Also, some people are more concerned with hits, luster, than the milk spots that are common 1923 MS Peace dollars. Yeah, milk spots looks bad in photos, but they dont bug everyone. Its appears to me the one you think looks the best, has the least amount of milk spots. I don't disagree with you based on these photos.

    It could also be that some coins had a few bidders, and one of them didn't and it just didnt get pushed as high as the others. Really, I think the best we can do is an educated guess, the photos really arent of sufficient quality of know if you missed anything on what appears to be the nicer coin.

    I guess what I am saying is that I wouldn't worry about it, or contemplate it too much. The price delta is not significant enough to think you missed some major flaw on the cheaper coin, or missed some secret variety or special attributes from the ones that sold for more.
    capthank likes this.
  12. Conder101

    Conder101 Numismatist

    Since in a later post he says the serial numbers are sequential I think we can take that as a given.

    Frankly from the images the bottom right seems the nicest, but with those pictures who knows. And could there be something on the rev that was holding that one back?
  13. Derrick Combs

    Derrick Combs Active Member

    And I do know what the top bid was on 04
    It was the third to sell. When it sold the 4th was at 99.99. There didn't seem to be any problems with the reverses on any. Other than the some spots. I can upload those pictures this evening. I just wanted to see what others thought about the obverse mainly. To see if others thought that 4th one looked nicer than the others. Im trying to learn what to look for and watch out for. This really confused me. One of this spotty ones sold for 105. I'd have dropped that bid on the bottom right one. Not any of the others imo
  14. Derrick Combs

    Derrick Combs Active Member

    Here are the obverse and reverse of all 4. The two that sold for the most were 2 and 3 which imo look the worst. Even the reverse have unsightly toning imo. Screenshot_20200224-060622_Gallery.jpg Screenshot_20200224-182235_Gallery.jpg
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  15. bradgator2

    bradgator2 Supporter! Supporter

    There are too many variables at play to guess the reason. I’ve seen this exact scenario happen when I am watching 3-4 of the same year/grade Morgan all ending within minutes of each other.
  16. Derrick Combs

    Derrick Combs Active Member

    I saw a Morgan the other night, 1886 P with a fingerprint and some awful streaked toning. Ms63 I think, sell at 77 and 20 minutes later one with no streaks and barely any bag marks. A nice toned outer edge. Ms63 as well sell at 53. I just thought I should run these peace dollar pictures by the group to make sure I didn't miss anything. I want to collect a few but I want nice ones.
  17. Conder101

    Conder101 Numismatist

    Then look at the coins and buy ones you think are nice and just ignore the label grades. Just because two coins have the same slab grade does not mean that they will sell for the same thing or even close. In the case of the 1886 P dollar you mention the buyer of the first piece quite possibly didn't see the other one
  18. messydesk

    messydesk Well-Known Member

    EBay... 'tis a silly place.
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