@BryceM said:
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?
Personally I don’t want a 1921 peace absent from my collection without being certain I can replace it. I do really like the coin I have, but I am looking for one that is nicer. If it’s a bad idea to restore it I will probably wait till I saved up enough to buy a new one with the money I could get when selling my current coin.
@BryceM said:
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?
Personally I don’t want a 1921 peace absent from my collection without being certain I can replace it. I do really like the coin I have, but I am looking for one that is nicer. If it’s a bad idea to restore it I will probably wait till I saved up enough to buy a new one with the money I could get when selling my current coin.
Your thinking is fuzzy. You have a unattractive coin that will continue to look worse everyday. There is really no good reason to hold off selling it until you find a nicer one. 1921 Peace Dollars are not rare. They may be more popular now but they’re readily available. We’re not talking about a 1804 $1.
@BryceM said:
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?
Personally I don’t want a 1921 peace absent from my collection without being certain I can replace it. I do really like the coin I have, but I am looking for one that is nicer. If it’s a bad idea to restore it I will probably wait till I saved up enough to buy a new one with the money I could get when selling my current coin.
Your thinking is fuzzy. You have a unattractive coin that will continue to look worse everyday. There is really no good reason to hold off selling it until you find a nicer one. 1921 Peace Dollars are not rare. They may be more popular now but they’re readily available. We’re not talking about a 1804 $1.
Maybe but at the same time I cannot afford one anyway. They have gotten much more expensive lately. I would rather buy a new 1921 peace coin when I am certain I can afford it. I would rather hold on to this coin so that I can use it to buy a new one when I find one I like. Also this coin is currently rising in Value so I decided to sell tomorrow who knows if in a month the auction values would go up in the hundreds.
I really like the coin in general. Only worries about the spots. I am hesitant to sell it because personally I don’t want this type of coin missing in my collection.
Keep in mind the current look of the coin is a negative. So even if this type is going up in value yours will likely stay static because of the negative eye appeal. Timing the market and such usually doesn’t work. It’s always a risk but easier to sell a not-so-attractive coin on the way up in the market than trying to figure out the peak — or even missing it and selling for less than you could have.
@koynekwest said:
I had good results with mine. And it went up a point in grade, too, which more than paid for the conservation.
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
If it upgrades to AU58+ that would be a jackpot -- several "Everyman" registry set builders would throw money at that coin.
But It would (my guess) have to end up with exceptional eye appeal to get the "+". Also, I would not join PCGS Collectors Club for just that purpose unless you have other coins to grade.
@WCC said:
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.
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.
Great contribution....two years from now, when prices are lower on this date (@BillJones can advise on 1877 20c), remember the effects of this speed bump
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
If you are planning to get a PCGS membership anyway and you like the coin, send it in for conservation, why not.
If there is a cost consideration, I cannot imagine a better time to sell. You should have no problem moving the coin on Ebay if it is in the PCGS capsule. You can probably get an MS-62 '21 Peace in a few months for the price the AU-58 is going for right now.
Two distinct choices... Send in for conservation or sell. Since those spots appear active - the situation will likely get worse. So, if you want to keep it - rather than look to replace at current prices - send it in. It will not get better, and prices are really up right now. Good luck, let us know what you decide. Cheers, RickO
@ricko said:
Two distinct choices... Send in for conservation or sell. Since those spots appear active - the situation will likely get worse. So, if you want to keep it - rather than look to replace at current prices - send it in. It will not get better, and prices are really up right now. Good luck, let us know what you decide. Cheers, RickO
I have decided to upgrade. Not only will I sell it, I will buy a higher grade. I am currently talking to a member who is thinking about selling me his Ms 62. Now all I need to do is find a buyer, I will list the coin for sail on the forum sometime soon
Comments
Personally I don’t want a 1921 peace absent from my collection without being certain I can replace it. I do really like the coin I have, but I am looking for one that is nicer. If it’s a bad idea to restore it I will probably wait till I saved up enough to buy a new one with the money I could get when selling my current coin.
Sell it and buy one you like.
Your thinking is fuzzy. You have a unattractive coin that will continue to look worse everyday. There is really no good reason to hold off selling it until you find a nicer one. 1921 Peace Dollars are not rare. They may be more popular now but they’re readily available. We’re not talking about a 1804 $1.
Maybe but at the same time I cannot afford one anyway. They have gotten much more expensive lately. I would rather buy a new 1921 peace coin when I am certain I can afford it. I would rather hold on to this coin so that I can use it to buy a new one when I find one I like. Also this coin is currently rising in Value so I decided to sell tomorrow who knows if in a month the auction values would go up in the hundreds.
I really like the coin in general. Only worries about the spots. I am hesitant to sell it because personally I don’t want this type of coin missing in my collection.
Keep in mind the current look of the coin is a negative. So even if this type is going up in value yours will likely stay static because of the negative eye appeal. Timing the market and such usually doesn’t work. It’s always a risk but easier to sell a not-so-attractive coin on the way up in the market than trying to figure out the peak — or even missing it and selling for less than you could have.
TurtleCat Gold Dollars
If it upgrades to AU58+ that would be a jackpot -- several "Everyman" registry set builders would throw money at that coin.
But It would (my guess) have to end up with exceptional eye appeal to get the "+". Also, I would not join PCGS Collectors Club for just that purpose unless you have other coins to grade.
Great contribution....two years from now, when prices are lower on this date (@BillJones can advise on 1877 20c), remember the effects of this speed bump
Idea ... send it in to CAC. Irrespective of the results, you could get at least 2 or 3 threads out of the submission!
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
If you are planning to get a PCGS membership anyway and you like the coin, send it in for conservation, why not.
If there is a cost consideration, I cannot imagine a better time to sell. You should have no problem moving the coin on Ebay if it is in the PCGS capsule. You can probably get an MS-62 '21 Peace in a few months for the price the AU-58 is going for right now.
Two distinct choices... Send in for conservation or sell. Since those spots appear active - the situation will likely get worse. So, if you want to keep it - rather than look to replace at current prices - send it in. It will not get better, and prices are really up right now. Good luck, let us know what you decide. Cheers, RickO
I have decided to upgrade. Not only will I sell it, I will buy a higher grade. I am currently talking to a member who is thinking about selling me his Ms 62. Now all I need to do is find a buyer, I will list the coin for sail on the forum sometime soon
@markelman1125 .... OK, Good luck with your potential deal, and sale on the BST. Cheers, RickO
@ricko Thanks