Your thoughts on this Peace Dollar auction.

I'm not a huge fan of buying an expensive coin on eBay.
I'm terrified it would be cleaned.

https://www.ebay.com/itm/1928-P-1-P...e=STRK:MEBIDX:IT&_trksid=p2060353.m1438.l2649

^--- Thoughts, reactions, advice?

 

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28 is the key date. Why isn't it slabbed?

 

Better off sticking to the graded ones

 

A couple of hairlines by the "L" in Liberty, weakly struck reverse, darkish spot above the 8, and otherwise a very shiny coin that appears to still have luster. My uneducated opinion is it's been dipped, but still a decent coin.

I am not knowledgeable at all in Peace dollars though.

 

If it's genuine, and I have to say it has an odd grainy look in the photos, it is a rather beat up example. And, you have no idea what may have been done to it as far as cleaning, whizzing, etc. Definitely one to buy already graded.

 

Photo seems deceptive too, with the black background and lighting.

 

I appreciate the evaluations (It is how I learn).
Keep them coming.

 

My gut says "cleaned" and "AVOID!"

Because it has not been sent to a grader. Not all expensive coins are slabbed.

 

Yes that thought crossed my mind.
Or, it was sent to a grader, came back details,
and is cracked out and trying to get a better price raw.

But in this case the seller is trying to sell the key date of the series as a BU coin. Without a slab that's just a bad opinion of the condition.

 

On eBay they pretty much are besides the ones that they know would/did get details grades

 

Like these pieces of junk?

 

IMO, the photos verify neither the BU claim nor the full luster claim. It doesn't look terrible, but my impression would be lightly circulated and overdipped, and possibly worse.

 

Neither of those are key dates and would have to grade 65ish if not higher to be at the price point being represented in the other listing

 

If you want a 1928, go graded/slabbed. I suspect that picture doesn’t accurately portray the coin.

 

Absolutely agree! Keep looking on Ebay, there are some trusting sellers on there that are even on this forum. Or buy at a coin shop or coin show, where you can see it in hand!

 

As to the OPs question:

2 Words: hard pass

 

An Eli Manning........scrub a dub, dub. Pass..........now if only Eli could.

 

Not all coins "need" to be slabbed, and is very much true for what is, at best, a seemingly chunked-up 28 Peace.

So-called "key" or not, there isn't a single second in any day that passes without a large number of these being available. It's not like stumbling upon one is an uncommon occurrence by any stretch of the imagination, so why not wait for and hopefully find one in some way special and/or of high quality for its respective grade?

The point is that if one wants slabbed, simply BUY SLABBED. Cheaping out is all too often akin to cutting off your nose to spite your face.

 

Can I get some of your thinking as to why you'd recommend a hard pass?

 

If you were selling it, and thought it was actually a nice BU coin, wouldn’t you get it slabbed first?

Looks cleaned to me.