What am I missing about this coin ?
TonerGuy
Posts: 590 ✭✭✭
Ive collected toned Peace $ for more than 2 decades... granted I have been out of buying them for several years but have the premiums increased this much ?
This is a $100 coin that hammered for over $3000.
If this is your purchase, I am in no way criticizing your decision. Im just curious to why a 30X premium was paid on this coin. Is there something I'm missing? Is it hugely under graded? Is this PCGS slab rare ? Is it a rare VAM or something ?
https://greatcollections.com/Coin/1065481/1922-D-Peace-Silver-Dollar-PCGS-MS-63-OGH-2nd-Gen-Toned
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Comments
Color and old holder.
Toned Peace dollars go for strong money.
What is it about the older holder?
There’s multiple threads you may find interesting 😉. There’s quite the group collecting old school holders. Separated into categories and generations and such🙃
🎶 shout shout, let it all out 🎶
Plus, the 1921/2021 fever that has driven prices beyond reason..... For a while anyway. Cheers, RickO
I collect these too and wouldn’t pay any premium for that coin.
Agree. At $3.5K someone is really buried in that coin.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
$3500 Crazy. Thinking of all the coins one could buy 🤔. This is where I practice to each his own. But dang that’s a pretty good chunk of change 🙀.
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Try finding another........
That's what you're missing.
I wonder what this one will bring in the Stacks/Bowers sale. Toned, but not a green label, two points higher with a gold CAC sticker.
https://auctions.stacksbowers.com/lots/view/3-TZIG6/1923-peace-silver-dollar-ms-65-pcgs-cac-gold-label
GC has had some incredible auction results. Some make sense and others make you scratch your head. This one looks like a case where a few people were overly enamored with the coin (not sure why as the color isn’t that strong but it’s hard to figure out some people).
Good point as toned peace dollars are a different animal. I don’t care for the toning on this one
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There was another one in the same auction... and graded 2 pts higher... PCGS MS65... granted the color wasnt as good but still it was over $2000 cheaper...
https://www.greatcollections.com/Coin/1056961/1922-D-Peace-Silver-Dollar-PCGS-MS-65-Toned
Technical grade and eye appeal are two distinct components in valuation. The 65 toning is not appealing.
In general the 22-D is difficult to find with eye appeal. For whatever reason the Denver Mint had a poor run of quality in 1922, though a generous mintage.
I'm not criticizing, It's just not my cup of tea.
Pete
Yeah... wow. Picture doesn't do it justice? Either that, or it is just an ugly coin.
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ya, that is what i was thinking when i saw the OGH. im hard-pressed to recall last time i saw a peace dollar ogh or prior with toning with multiple colors. can't say what i think the value may or may not be except to say, definitely a premium $ coin.
That’s an ugly coin IMO.
So you think the $3500 22-D has attractive toning ?
My guess is that only those who have seen the coin in hand have a really good idea what the toning looks like. And that the coin wouldn't have sold for anywhere near what it did, if the color and eye-appeal weren't much better than what shows in the images.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I think it has potential from the pics but in hand viewing is advised.
I bet that the consignor is very, very happy.
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I would like to believe that after viewing literally hundreds to thousands of toned Peace $ over 20 years I have a pretty good eye for what a coin looks like in hand from a photo. The color is there in the photos, but what the photos probably lack is luster. This coin might be dripping with luster under that toning but I still dont think that pushes it to 30X.
I guess this is the new normal for toned Peace $.
I wouldn’t even begin to make such a guess, based on only one result and not having seen the coin in hand.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
The funny thing for me is I had a very pretty toned 1922 P That graded AU 58. I sent it to that guy in Florida (the guy in jail now) who sold toners on consignment on E-Bay. I got $90 minus his commission.
Wish I'd kept it as it was a consistent 4 color pastel rainbow.
I was wondering if a rare Vam or something .... My snipe was blown out of the water by a few hundred the other day on an eBay WLH with cool color. 46-S MS63
https://ebay.com/itm/124991725193?ssPageName=STRK%3AMEBIDX%3AIT
why can't my $100 coins turn into $3500 ones? 🤔
I’d pay $125, max.
Dave
Who is max?
Does GC have a return policy?
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You need to tone them first and then put them in an auction with collectors that have more money than sense.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I can’t seem to get my color right. Hard boiled eggs 😉
🎶 shout shout, let it all out 🎶
That thing above is butt ugly.
Not everybody likes the same things.
Imagine that!
Did you at least get paid?
Fingers or Coin?? 😯
Live in the country, critters , outdoor work rough country. Ya rough hands. 🙃. My nails are nicely trimmed 😂. Now when we’re making overstrikes ( the leather belt and hammer style) Bloodblisters and bandaids are the norm 👍🏼
🎶 shout shout, let it all out 🎶
“Dude! Like, It’s an old green holder second generation toned...!! Like, Come on brah, easy 3 Gs for that mouthful - besides... it was between this or the ultra sweet pokey man card from 2010 - which is like, soooo ancient, I think before Facebook even .... dude watch out I am on a ROLL here. Once my crypto hits another peak I’ll get a few more of these rad Piece dollars”
I think the "try finding another" is the key element. Under no circumstances would I pay that premium for any coin but if you're building a collection of nicely toned Peace Dollars and have been looking for a long time to fill the 1922-D space this may have been the only coin you've found that satisfies what you've been looking for. Of course you have to in a position where financially you're not sweating the dollars. Apparently there were at least two buyers that thought the price wasn't outrageous. You just have to hope when it's your time to sell those the same conditions exist.
Yes, this was prior to his stiffing people.
Same thing here. I return three days later and I see this.
Young Numismatist • My Toned Coins
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