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Will the price of 1921 Peace Dollars hold up?
GRANDAM
Posts: 8,378 ✭✭✭✭✭
1921 Peace Dollars have went up greatly in price leading up to the 100 year anniversary in 2021.
Do you look for prices to hold or fall back in 2022 once the 100 year hype and the Mints 2021 Peace Dollar has cooled off a bit?
GrandAm 
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I’m really hopeful that they cool off. It’s a coin I’ve wanted for a long time and am not going to buy one in this run up.
I’m at a spot to reach for a coin and this was going to be at the top of my list. I’m sure whatever I get will be up in the last year, but not as dramatically as the ‘21 Peace.
If prices hold on for a few years, maybe then, but I expect there to be a bit of a bubble on them. Maybe it’s just wishful thinking and I’ll look back and say I should have done it when they were still relatively cheap (like I am now).
The MS64 through MS66s appear to have jumped according to the PCGS price guide with $4500 for MS65. Keep your eye on the two MS65s at Great Collections this week. The last six sold were in the $2200 - $2900 range with a $3700 outliner. The previous high in recent history was $2700 in February, 2007 and the recent $1800 appears to be an abnormal low.
It seems like they are in a bubble and should go down, but the high prices might last into 2022.
I expect it to go back down in a year or two. It may not go back to where it was but it won’t keep going up.
TurtleCat Gold Dollars
I'm not in the mood to buy any right now, so I guess that indicates my belief that they might come back down a bit.
It is a spike, and it will not last. We saw some similar situations with the Washington Quarter series when the State Quarters were issued.
If I were smart I’d sell one I have and buy another one a year or so from now.
100th anniversary? Good time for promoting a coin. Good time to sell if you have one, wait 2 or 3 years if you are looking for one.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
That is the reason for my question,,,,,, I have (2) 1921 Peace Dollars,,,,,, thinking about selling one of them.
Thanks for the responses.
I m thinking spike/bubble, but only time will tell.
I can't bring myself to pay well over $1k for an MS64, I have sold one though.
Collector, occasional seller
Hoping it's a temporary spike, as I would like to upgrade mine. The thing is, it has gotten a lot of attention this year as a one-year type, and now has lots of people realizing that attractive coins with a decent strike are not common. Once the Well-Managed Promotion™ is done, they'll get cheaper, but I don't think the prices hit 2018 levels.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars
Around 2025, prices should have settled back to 2019 levels. Will take a while, especially since those buying at these inflated prices will want to recoup some of their cost. Cheers, RickO
I agree prices will stabilize at a lower level. Right now, there is an influx of lower grade PCGS 1921s on the market- especially so on eBay (I count 12 examples as I write this).
peacockcoins
This 1921 PEACE thread needed an image or two:
Odd, PCGS is not recognizing
E7356.58/37953858
or
37953858
QR code works on my phone as I can see PCGS gold seal images
Weird ?
Checking auction prices gives some interest results. I draw my own conclusions. YMMV
3/20 was the first auction sale of a 64 over $1000 - CAC at $1,320 - The same month (different sale) PCGS MS65 non-CAC sold for $1500. I haven't yet formulated a discontinuous equation that can describe the price variances in 65.
------ PCGS/CAC - AUCT pops 3/20 - 6/21
64 - 4646 - 568 - 45/9
65 - 1488 - 242 - 40/10
BTW, I almost went blind in the pops and prices area- apolgie3s, but digits are off, the overall proportions are not.
MS64 - 1%, 0.2% of the CACs
MS65 - 3%, 4% of the CACs
Not much to see here beyond a stickering premium.
Not a boom, but a CAC auction boomlet. I don't know how many are trading privately. Retailers will not be offering bargains. Biggest retail "victims" - buyers of the best coins that don't make CAC priced at the same "bid" (whatever that means today)
My superficial analysis? - If the trends in trading volume are any hint or indicator, CAC prices are exploding when continuing supply of both PCGS and CAC seems relatively flat, Call what we're looking at an irrational/disproportionate over-reaction in pricing to recent market revaluations of rarity/quality/availability.
Demand, however you might measure it, will fall by mid-2022. CAC 64s will thud down to 112% of what they were before this "trend" started.by the end of 2022. CAC 65's will slide but little. Weakly-struck clean virgin B+ whiteness/brightness coins will be overpriced. White full(ish) strike prices will hold up very well.
I'd welcome @jmlanzaf's take on this.
Just as a matter of establishing some sense of proportion, there are likely more Forum members following this phenomenon than there are potential annualized buyers
Signed,
Professor Irwin Corey
lab assistant to John von Neuman
Prices are sticky, they'll retreat somewhat slowly, but not as slow as other recent examples have. A good recent example to examine would be the 09-S VDB's in 2008-Present. Market is still dropping on those last I looked.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
Just worked for me. That's a really cool coin!
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars
Peace dollars with errors aren't terribly common. Neat coin.
I think they will hold for a year or two as well
What’s the phrase the financial and economic heads are using? Transitory inflation? Yeah that’s what we have here. Though I suppose high grade CAC coins may hold up. Raw Xf/AU coins with weak strikes, etc., probably less so.
If someone had accumulated a roll or two of nice circ '21 Peace dollars over the years, (most XF, some AU -Unc), would now be the time to part with them?
Are there any big marketers needing them to pair up with this year's; desperate enough to be offering a significant premium?
I think it will be a while before prices come down.
If you didn’t want a MS64 at $800 why would you think about it at $2000 ?
That's a fair question, but there is plenty of marketing theory that shows that the same item can be more attractive at a higher price. Have you never watched an item auctioned on eBay going month after month with the minimum bid reduced and not getting bids, then one person bids and it ends up going for considerably more than the previous minimum bid?
Whole 100 anniversary is raising prices of Morgan+Peace about +30-40%.
I live in Europe and I used to import/buy these coins [Note: shipping+24% customs included]
Now total prices with shipping and customs are +30-40% higher on those prices.
MS-63 are starting from 90euro.
MS-64 are starting from 130euro.
MS-65 are starting from +200euro.
I wanted one at $800, and still do. I just didn’t have the resources when they were that price. I do not, however, feel like paying $2k+ for a coin I’ve been thinking about reaching to $800-1000 for (and I’m not just going to buy lower quality at the moment, I’ll just hold off).
I’ll revisit the coin when prices come down or when they stabilize and my resources have increased.
A few months ago I bought a really nice one but after speaking to a wise coin dealer at the Manchester coin show who I am friends with, he recommended to sell while the hype was still going and buy a new 1921 when the craze is over and there price drops. I listened and sold my 1921. I think it was a wise choice for me and I used the money to buy my 1883 PR CAC pcgs seated liberty quarter
My answer is a question: "Why would the price of 1921 Peace Dollars hold up?"
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
You are the expert,,,,, you tell me,
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
^
That gem is sweet! A stronger strike would have probably provided even a higher grade.
peacockcoins
I don't think prices will hold up.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Hoard the keys.
Were the prices depressed before the run up, or do you think they were about right in comparison to the rest of the market? I assumed they were in line, but had nothing to base it on.
Price will fall. Got rid of mine taking profit bought some Mexico slabbed silver onzas 1oz PCGS 69 &70. Plus planning send some WPM in for PCGS grading. Looking for slabbed Mexico Caballito Pesos KM 453 1910-14 and revolutionary Banco Notes.
Yea I have bean hearing this from many people. They hype will end and the price will crash. I was told by many that better to sell now and buy later when the price drops
I think prices will come down and level out. It may not get to the normal prices that they were a couple of years ago. When it does come down i will be buying again.
It's more than just theory. It's evident in how financial markets work too. Almost everyone seems to want stocks now and wanted it in 2000 and 2007. Far fewer wanted it in 1982.
Lower prices generate demand for most consumer discretionary items. Higher prices have the opposite effect on "investments". Coins straddle both, depending upon the coin.
It’s been about 14 months since the last post on this thread. Those that have been following the market for this coin, how has it changed over the past year and what does it look like now? I bought a PCGS 62 CAC last September, and am considering upgrading to a 63 or 64.
Nothing is as expensive as free money.
I’m reading this thread and wondering how active folks are in rebalancing their numismatic portfolios. With transactions costs 10%+ online and retail bid/ask spreads even wider, why would a collector sell now to buy later unless you were expecting a dramatic fallout. I also recognize that many in this thread are dealers
Down a little from last year, up a lot from 2020. Linky
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars
Lot of guesswork in this thread.
The answer is very simple.
The price of the 1921 Peace dollar will definitely hold up.... Unless I buy one.
I have a ms 63 vam3 that was in an ogh that I cracked a few years ago for the attribution. I regret cracking it now since ogh are bringing premium prices currently.
I like my AU 58 better than a mushy struck 62 0r 63. Now CAC too.
Since I started this thread I will give my "2 cents" on the subject.
When I first posted I had (2) 1921 Peace Dollars. Both were purchased many years ago. I have seen markets like this one before. For one reason or another prices climb and then they fall back. In this case the 2021 Commemorative Peace Dollar was the driving force behind the price spike. I was simply seeking other opinions to reinforce my decision to possibly sell one of them. I had a Blast White MS64 (which is in my set now) and a dark toned MS64+. Both were CAC approved. Both were nice coins but I sold the MS64+ because I prefer BLAST WHITE coins. I sold it almost 1 year ago to the date (August 12, 2021) Todays prices for the MS64+ coin are approximately $1,000 less than what I got for my coin. I will replace it when I find the right coin at the right price.
I learned the lesson to "Take the Money and Run" in 1986. I had just received the 1986 6-piece Statue of Liberty Gold & silver Set. (this was only the 2nd & 3rd gold coins that I had ever owned and they were BEAUTIFUL. The 1st gold coin was the 1884 Olympic $10 Gold) I believe the Mint issue price was $350 +/- for the 6-piece set. I took the set to my local shop to show it to my buddy the owner. He offered to buy it for $1400 as he said he had a customer wanting one and that was what he could pay. I declined reasoning that if it is worth $1400 now it will be worth much more 6 months or a year from now. This was a raw set in Mint Box. My buddy said "you are making a mistake" you should "Take the Money and Run" I just kinda chuckled to myself and was sure that I was right. Well, 6 months later you could buy the same set for just a little over Mint Issue price.
So the morale to this story is when you get the chance you should "Take the Money and Run"
However,,,,,,,, I still don't follow this rule 100% of the time but I should. I have some coins that are worth much more than I paid for them BUT I like them and just can't seem to bring myself to let them go,,,,,,,,,,,,,,,
It's the usual story, high end issues will stay strong with low end issues losing price and interest.
I bought a large group of 1921 Peace dollars that were VG and better, had them graded and sold on ebay before the price spike. I have a lower grade problem issue that I paid too much for and will break even or lose money on.
It was nice to see my favorite US coin get some much long overdue attention.
It's a gorgeous coin and one that deserves reconsideration--especially by those within our hobby. Because when you've been in the trenches of our hobby for decades, it's really, really easy to overlook how dramatic the early 20th century coin revolution was. We went from classic but lifeless designs of the Morgan, Barbers, etc. to the breathing, living saint, the peace, the walker, the merc, the buffalo, and even the Lincoln cent. Stop and think about it for a moment. It was all ground breaking.
So it was fun to see MS65 examples crest above $5,000.
But I wasn't going to sell my example before they hit that price level. I didn't sell it at that price level. And I'm not selling now, whether the price falls, stays stable, or increases.
--Severian the Lame
Weiss
That’s a magnificent specimen. Would you mind posting a couple pictures of obverse and reverse. Thanks 😉🦫🙀
🎶 shout shout, let it all out 🎶
Gracias! Her reverse is as lustrous as her obverse is matte. Much harder to photograph. But I gave it a shot:
--Severian the Lame
Fantastic.
Thanks for posting, I’m really trying to learn more about this series.
Great idea , I appreciate you setting some tarnished examples for comparison.
Not much comparison, it’s obvious what a magnificent specimen that blazer truly
is. Awesome 😉🦫🙀
🎶 shout shout, let it all out 🎶
1921 Peace Dollars always in demand. I would be surprised to see them fall.