Should I send my peace dollar into conservation
markelman1125
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I have this really nice 1921 peace dollar. The only problem is it had developed dark spots that detract a bit from the eye apeal and I worry it may harm the coin in the future. Is it a good idea to save up for PCGS membership so I can send it into PCGS restoration. And if I send it in will the grade be reduced if the graders believe so? Let me know.
Should I send my peace dollar into conservation
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The spots are ugly and distracting. The coin itself is well struck for a 1921 and the AU58 grade is in demand. I'd say it is worth the cost of having it "conserved".
No and if you don’t like it, think about selling it and getting one you’re happy with.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
The cost of conservation plus grading will likely exceed any loss you might incur in selling. I would sell and buy one you like.
TurtleCat Gold Dollars
I would sell and purchase one you like.
While not as noticeable the areas in question can be seen in the TrueViews.
Fair chance the coin was conserved/dipped/properly cleaned or improperly cleaned before it was graded.
There is also a chance that even if conserved properly the spots may return.
Best advise is like the others have said "sell it and get one you like"
I have had success with preservation, but it was smaller than the obverse spot.
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I would give conservation a try. The coin was dipped and not properly rinsed. Now you see the spots developing. The one on the obverse looks nasty, but I've seen spots like that come up in the past. The key is to go after it early.
This is one of the reasons why it's sometimes better to look for coins in "old holders." Situations like this usually pop up within a year or so after the coin was slabbed.
The alternative is the throw in the towel and buy another one.
Sell! Sell! Sell!
Those spots are likely to come back after you throw your money away to have them dipped off.
In honor of the memory of Cpl. Michael E. Thompson
The carbon spot on the 'Y' on the obverse cannot be removed without damaging the coin. The toning develops around this. They could spot dip it, but the issues will arise again. Sell it.
If anything I'd send it in under a grade guarantee. The spots are all there in the TrueView, but worse now. It means they're alive and will just continue to get worse.
I don’t think grade guarantee covers such issues, anymore or that it has, for quite some time.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
They will just give you a call and ask if you want to pay to have it conserved. Environmental issues haven’t been covered in years by their warranty
I say sell the coin, they are too common to compromise
11.5$ Southern Dollars, The little “Big Easy” set
Spots as such can ,and will surface after, and before grading...before they may not be that noticable ,over time they may become darker and more of them come up to the surface I had a 1936 S buffalo perfect coin, sent it in graded to the grade I believed it to be....developed spots...in my eye the coin is ruined...i wont buy a coin ,or a nickel with any of such spotting.
The reason why...they wont go away! You can treat them...they will lighten...turn a lighter shade of brown....and over time .....come right back. My advice if you dont like spots,examine the surfaces real good, and any seen dontbbuy the coin. If your coin out of the blue starts to spot sell it ,and find another specimen that is more eye appealing.
No matter how much money you throw at these spots.... is throwing good money after bad.
Cut your loss,move on.
"That's why I wander and follow La Vie Dansante"
Sell it, find another one that you like
They could definitely remedy that spot situation and make it stable, so it does not return. Deeper question is: is it worth the cost of conservation with respect to the value of the coin?
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I don’t know, might be worth it? Looks like an Ms coin. Is there a chance it could come back Ms?
Yea, grade guarantee is a concern.
No, It's not an MS coin.
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
It doesn’t look like an MS coin because it appears to have light wear. And even if - and it is IF - it could be conserved successfully, the coin wouldn’t magically become mint state. Additionally, as has already been pointed out, the cost of conversation might be greater than just selling it and buying one you like.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Waste of time and money to do anything else but sell it "as is".
Yea that’s true did have hopes because it’s vary lustrous. About the loss Of sending the coin in, I purchased the coin when it was 2x cheaper that auction records today say so I won’t really be putting more $ than what the coin is worth but, I am not sure I want to go to the trouble of sending it in. Maybe I will just sell it when I find one that I can upgrade too.
Yea probably just a really good looking Au58. If it weren’t for the spots I would say it’s really nice for the grade
I had good results with mine. And it went up a point in grade, too, which more than paid for the conservation.
Yours looked/looks like a much nicer coin than the OP’s and didn’t appear to have had nearly the extent of problems that his does. So your results likely say nothing about what his would be.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Wow that’s cool, the grade even improved.
My Au58 looks really nice for the grade. Not sure if it will upgrade but there may be a chance. Thanks for sharing
True-mine is an MS63 but the way these have gone up in value lately might justify the expense just to get rid of those spots. They would bug the hell out of me.
It is clear the spots/condition is worsening. The coin needs intervention. I don't know and won't comment on the financial options. For the coin's sake, it should be conserved.
Yea I have also considered this fact too. If I send it in it is now economical for me since I bought it when it was worth much less
Does PCGS still guaranty grade for coins that turn in their holders?
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I’d sell it and find one to buy that you are happier with.
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I hope they do
Your cost in the coin has nothing to do with how economical it would be to spend the fee and postage to have it conserved.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Nope. Unless maybe if the grade was sufficiently different.
TurtleCat Gold Dollars
I don't think I would send it in. If the spots bother you now seems to be very good time to sell.
Collector, occasional seller
Yea but lately It has been hard to find any. None at coin shows and on eBay they are overpriced even compared to the auction sail records on PCGS.
If I sell I don’t think I can find a replacement
True, you probably won't find a reasonable replacement any time soon. At the same time, sending in for conservation usually takes a few months from what I understand.
I don't know how you would get rid of those spots though...
You could always crack it out and conserve it yourself
Collector, occasional seller
Agreed, sell it. The spots were there but look to have gotten a little worse. They will probably cause you on going concern or worry even if fixed for now. If you are attached to the coin, thats a different story.
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PCGS Guarantee of Grade and Authenticity - United States and World Coins
Section: What the PCGS Guarantee Does Not Cover
Sub-Section: Coins exhibiting environmental deterioration.
"The PCGS Guarantee does not apply to coins exhibiting environmental deterioration subsequent to PCGS grading and encapsulation. This deterioration may include, but is not limited to, spotting, hazing, PVC contamination, changes in color, and corrosion."
Source
My response had more to do with saving a nice coin, but I agree that the risk/reward or value added may dictate that you simply sell it. I've conserved coins and roughly broke even, but it felt good.
Send it in, assuming you want to keep it and the additional cost is worth it to you. Otherwise, sell it and find another example.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Steel wool lol 😂. Yea I feel for a coin that’s hundreds of dollars is to risky for me to attempt to clean it myself. Maybe I will keep as is but if I get a PCGS membership I will probably consider sending it in.
…from the TrueView it looks like the spot in the Y was already dipped off and then improperly rinsed…anymore would be too much IMO
Finding a replacement should not be that hard. It's a common coin. If the prices are up to buy, it also at least partly applies when selling.
Not as common anymore
If it’s so common than why were there none at the Manchester coins and currency expo. That is the largest coin show in New England with approximately 100 tables, yet no coin. There was one but it was Ms65 and worth I believe around 5k. It us-to be common vary recently but not anymore.
For an $500 coin, the choice is easy. Sell it and find a nicer one. Don't throw good money after bad......
Yea that is the likely choice for me. Before I do that though, I got to find a replacement
Why do you need to find a replacement first?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Check on Collector's Corner, eBay, Heritage or Stacks for starters. PCGS alone has graded about 5,000 in MS-63 and about another 5,000 from AU-58 to MS-62. I don't know how many duplicates (I would guess far less than half) and the availability may be somewhat less than previously.
On eBay right now, there are 26 listed in NGC and PCGS holders from AU-58 to MS-63, though only one is AU-58. With 26 on eBay, I would expect the total number available right now to be at least 100 at all sources, if not a lot more) The supply may be temporarily lower than normal due to the centennial but even 26 is not low.
Thanks for the reference. 👍
I checked and there many but they are priced pretty high. I need some time to save up so that I have enough to sell mine and buy a new one.