I recently overpaid for this. I was targeting an MS63 last year for a little more than I paid for this. I don't want one bad enough to pay MS63 prices today. I liked that this was attractive, problem free, & CAC. Didn't want to pass and regret it later. So I bought it, and I'll regret the purchase when prices drop next year.
@ShaunBC5 said:
It’s because I was thinking about buying one. Same thing goes for trucks.
At least I’m getting to sell a house in this market (and not having to buy one in the same market) after buying it in the 2007 bubble.
I’m probably just going to hold off on the ‘21 Peace, as well as the truck.
You say this as a joke, but it's actually the correct answer. You're not thinking about buying either at random, but for the same reason a lot of other people are thinking about it. When there is an increased demand and a constant supply, price goes up.
This is why contrarians can do so well. Problem is, sometimes no one ever decides to go back in to Classic Commems.
The profile of the prior classic commemoratives buyer is likely mostly buying (world) NCLT. There wasn't much of it when the series peaked in 1989 and several years later when it first crashed.
@LindyS said:
Who plugs holes ?
1921 is a stand alone Peace Series issue.
The entire 21 run was struck in higher relief during those final days of 1921.
If people collect Peace type then they need two:
1921 & 1922-1935
If you dabble in Dan Carr Coinage Art, then you need three examples:
1921, MCMXXI, 1922-1935
A lot of collectors don't buy minor design types. They do not define their sets using Red Book or Registry criteria of "completion", especially when it requires buying a very common coin at an inflated price.
@BryceM said:
Most likely it's some combination of the 100 year anniversary, the 2021 mint commem, and the overall single-year type coin. Small shifts in demand can have large impacts in prices. I'm glad I got these while the gettin' was good:
XF40:
PCGS Details:
The reason is because they are so cool collectors seem compelled to buy multiples
I’m extremely pleased to have acquired my mini-hoard of 1921 Peace Dollars over the past 15-20 years by cherry-picking well-struck examples including several VAM-1H’s.
Following are some of my previous 1921 Peace Dollar forum thread posts for reference:
@Stuart said:
This is one of my best struck 1921 Peace VAM-1H’s — Collecting them can become very addictive… 😉
...
Fantastic coin! One effect of everyone looking for 1921 Peace dollars is that they're also looking at them. I'm wondering if prices on special coins like this will remain strong once the Well Managed Promotions™ end, the dust settles and things return to normal for more generic 1921 Peace dollars. More people will know just how rare they are, and there'll be additional demand for one that looks like their 2021 coin.
Comments
This is one of my best struck 1921 Peace VAM-1H’s — Collecting them can become very addictive… 😉
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
It's an error coin. The mint misspelled TRUST.
I recently overpaid for this. I was targeting an MS63 last year for a little more than I paid for this. I don't want one bad enough to pay MS63 prices today. I liked that this was attractive, problem free, & CAC. Didn't want to pass and regret it later. So I bought it, and I'll regret the purchase when prices drop next year.
I think it has something to do with the
NGC proof 64+ 1921 St Gaudens double eagle being auctioned at this summer’s ANA .
I give away money. I collect money.
I don’t love money . I do love the Lord God.
The profile of the prior classic commemoratives buyer is likely mostly buying (world) NCLT. There wasn't much of it when the series peaked in 1989 and several years later when it first crashed.
A lot of collectors don't buy minor design types. They do not define their sets using Red Book or Registry criteria of "completion", especially when it requires buying a very common coin at an inflated price.
Wow, a MS 21 Peace Dollar that doesn’t look AU.
The reason is because they are so cool collectors seem compelled to buy multiples
11.5$ Southern Dollars, The little “Big Easy” set
‘tis a sickness.
I’m extremely pleased to have acquired my mini-hoard of 1921 Peace Dollars over the past 15-20 years by cherry-picking well-struck examples including several VAM-1H’s.
Following are some of my previous 1921 Peace Dollar forum thread posts for reference:
https://forums.collectors.com/search?adv=1&search=&title=1921+Peace&author=Stuart&cat=all&subcats=1&tags=&discussion_discussion=1&comment_comment=1&discussion_poll=1&discussion_idea=1&discussion_question=1&comment_answer=1&within=1+day&date=
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
1921 Peace $ usually been good sellers for me and moved quickly.
Many working on Peace Dollar set out to find one or upgrade existing.
And just to think that I used to take 1921 Peace Dollars back to the bank when looking through groups of Silver Dollars!
Fantastic coin! One effect of everyone looking for 1921 Peace dollars is that they're also looking at them. I'm wondering if prices on special coins like this will remain strong once the Well Managed Promotions™ end, the dust settles and things return to normal for more generic 1921 Peace dollars. More people will know just how rare they are, and there'll be additional demand for one that looks like their 2021 coin.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Thanks John!! — She sure is a looker!! 😃👍
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"