Thoughts on Restoring This Peace Dollar
scotty4449
Posts: 701 ✭✭✭✭✭
I recently picked up this 66+ CAC Peace Dollar at a great price. I wasn't sure about the toning, and now that I have the coin, I just don't like it. The obverse is OK, but the reverse is just a hazy light brown. I can see tons of luster under the haze just begging to be let free. What do you all think, would this coin benefit from a PCGS Restoration?
Thank you all!
4
Comments
Sell it and buy a bright white 66+ CAC as some might actually like the look of this coin as is.
That's the other option. I am fairly certain, with a little patience, I could flip this coin for a nice profit.
Is it toning? If so I think PCGS would pass on restoration on it.
bob
The other possibility is removing the toning might expose some other issue that is not optimal to you.
K
Good point. It looks less like toning and more like a haze.
With this date you can find blast white examples.
Too many things going on with this coin to be 66+ imo. I really doubt you would get the booming luster you'd expect if restored.
If you want to flip it for a profit, the first thing to try for is seeing if it will get a green sticker.
You would spend far less money than trying restoration.
It's already got the green bean.
By a restoration:
This is either a restored MS67
or a cleaned MS64.
Good luck!
peacockcoins
I was looking through previous posts on PCGS restoration and it is my understanding that if PCGS agrees to the restoration, they will guarantee it will at least keep the current grade.
If pcgs will restore it, then I believe you will have a lustrous white 66+.
The TV indicates some contact marks that might stand out a little more after restoration.
So the question then becomes will it CAC again after restoration?
If not, then it appears from recent auction numbers it will be worth about the same as now.
If it does cac again, then lustrous white 66+ cac appears to have a decent premium (again recent auction numbers).
https://youtube.com/watch?v=_KWVk0XeB9o - Ruby Starr (from 'Go Jim Dandy') Piece Of My Heart
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https://youtube.com/watch?v=D0FPxuQv2ns - Ruby Starr (from 'Go Jim Dandy') Maybe I'm Amazed
RLJ 1958 - 2023
CAC on the other hand> @lilolme said:
Agreed, CAC would be the big wild card....if PCGS decides to restore.
I disagree that it would have the luster that should pop and boom based on the toning.
If the cert. Number stays the same after restoration, you can probably just send it back to get restickered.
My opinion, if you don't like it as is, just put it back on the market and move on.
Would CAC simply resticker a restored coin without reevaluating it?
The coin got a 66+ and a cac, so I strongly suspect it has good or better luster. It appears to be good in the photo but can't rely on that alone. The toning or haze does not appear that thick and so if pcgs decides to restore it they probably would agree and not impact the remaining luster.
I am making no recommendation on what should or should not be done. Just offering an opinion based on past experience on some Morgan's.
https://youtube.com/watch?v=_KWVk0XeB9o - Ruby Starr (from 'Go Jim Dandy') Piece Of My Heart
.
https://youtube.com/watch?v=D0FPxuQv2ns - Ruby Starr (from 'Go Jim Dandy') Maybe I'm Amazed
RLJ 1958 - 2023
Toned coins like that will never conserve at the same grade. There are many gem dollars with nice toning that just don't dip out or get successful conservations/restorations.
I think any restoration will more likely make it look worse than better - i can see some marks on the neck that the toning neutralizes somewhat. I would sell and get one I like.
The restorations I am familiar with are graded after restoration and given a new cert number. I did have one come back with the same number but don't know why (I even asked someone at the pcgs table and they just said they have seen it happen).
So I believe the answer to the question is no. Cac will reevaluate the coin.
I can also say, that pcgs has restored coins with a haze that have failed at cac. When sent back to cac after restoration but at the same grade they have been approved. How often, what % - I don't know, but small and also being selective. Not a regular thing.
I want to be clear on the previous statement. I am not the expert but saying if the pcgs experts review the coin in hand and determine to restore it, that I and others I know of first hand, have had good results and the luster is generally as good or better since the tone/haze was removed. Pcgs may decide not to restore.
https://youtube.com/watch?v=_KWVk0XeB9o - Ruby Starr (from 'Go Jim Dandy') Piece Of My Heart
.
https://youtube.com/watch?v=D0FPxuQv2ns - Ruby Starr (from 'Go Jim Dandy') Maybe I'm Amazed
RLJ 1958 - 2023
I don’t think PCGS would restore it,,,,,,, no reason to.
If the cert number stays the same CAC will re-sticker it for just the re-sticker fee: I don’t know if that fee went up with the latest fee increase but it use to be only $3.
I have had several restorations done and if cert is the same it will get restickered. PCGS will use the same cert number unless the grade changes,,,,, at least that is the way it worked on my restorations.
That is a good point. I think I will leave it. The obverse is quite nice, it's the reverse that takes some getting used too. If I can't get over it, I will just sell the coin and get another.
I like it as is! I would just sell it and find a blast white example.
Little upside. Tons of downside. It's a gorgeous coin as-is and I'm guessing PCGS won't touch it. They'll be happy to accept your money to give it a look though.
You can do whatever you'd like, but the world already has plenty high-grade, blast-white Peace dollars. Pretty pastel 66+ CAC coins aren't so easy to locate.
To me, restoration is appropriate when there's a situation in need of salvage.
I would just sell it and then buy a Peace dollar that you like. That should be an easy sell and even make a few $$ on it. Cheers, RickO
I like the look of the coin. I'll trade you my 1922 PCGS MS-66
If you don’t like the coin sell it and buy one that you like better. Between the sticker, + grade, and positive eye appeal that some have for the coin, you should have no trouble getting top dollar for it on any of the auction platforms.
Yeah, don't.
It could use a legitimate bath.