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Wondering who won this 1924-S Peace $

anablepanablep Posts: 5,100 ✭✭✭✭✭

I was the underbidder on this coin on last night’s GC auction & was wondering who won it because you got a fantastic coin IMHO. The color, strike, & pedigree speak for themselves.

It got to a point in the bidding where I could no longer justify the price premium but I understand why it went for the price that it did. I value any opinions on this coin which ended up selling for $2900+ with the buyer’s fee.

Do you think this speaks to @BillJones discussion on crazy auction results or just the coin market dictating the price of premium coins?


Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


~Wayne
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Comments

  • CRHer700CRHer700 Posts: 1,940 ✭✭✭✭✭

    It wasn't me.

    God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.

  • CRHer700CRHer700 Posts: 1,940 ✭✭✭✭✭

    Also, that coin looks to have either AT or severe PVC discoloration. I'm probably wrong about this however, since it is stated to be a redfield coin.

    God bless all who believe in him. Do unto others what you expect to be done to you. Dubbed a "Committee Secret Agent" by @mr1931S on 7/23/24. Founding member of CU Anti-Troll League since 9/24/24.

  • RelaxnRelaxn Posts: 993 ✭✭✭✭✭

    Wow that gash on the neck... definitely seems like exuberence but WDIK

    Its frosty...

  • johnny9434johnny9434 Posts: 28,338 ✭✭✭✭✭
    edited July 22, 2024 8:39AM

    fwiw, i think you still got a good coin over all :)

  • anablepanablep Posts: 5,100 ✭✭✭✭✭
    edited July 22, 2024 9:42AM

    @johnny9434 i was the underbidder, so I didn’t get it at all.

    I’ve seen MS63 Peace dollars with cleaner cheeks…

    This is one of 3 remaining Peace dollars I still need to complete the set FWIW.

    Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

    "Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


    ~Wayne
  • air4mdcair4mdc Posts: 906 ✭✭✭✭✭

    I’m not a fan of the coin’s toning. However, I would like to add it to my collection because of the Redfield provenance. I sure don’t see a 64 in it either.

  • BillJonesBillJones Posts: 33,986 ✭✭✭✭✭

    It seems that any Peace Dollar with toning on it attracts a crowd, even if the toning does not amount to much.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • PROMETHIUS88PROMETHIUS88 Posts: 2,885 ✭✭✭✭✭

    @Manifest_Destiny said:
    It's peachy.

    I like what you did there!

    Promethius881969@yahoo.com
  • jmlanzafjmlanzaf Posts: 34,247 ✭✭✭✭✭

    Looks like it got wet.

  • anablepanablep Posts: 5,100 ✭✭✭✭✭

    @jmlanzaf said:
    Looks like it got wet.

    Many Peace dollars tone this way, with a brownish splotched area along the rims. When the rusty toning engulfs the whole coin, it tends to be quite unattractive. The pastel tones are unusual…

    Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

    "Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


    ~Wayne
  • Cougar1978Cougar1978 Posts: 8,228 ✭✭✭✭✭
    edited July 22, 2024 10:40AM

    I think it’s a super crazy auction result. Insane. Perhaps multx rich bidders who just had to have it. CDN bid is $1050, CPG retail $1310. I would have folded my hand early on. However pass anyway. Not in it to get hosed.

    Can’t believe they paid that much - end user! In Addn - Don’t like the yellow gunk in the cheek either looks like it needs dip lol. What did they do - try cover up that scratch. You toner folks can have it. Wonder what it will look like in 5-10 years.

    Coins & Currency
  • gorebelsgorebels Posts: 71 ✭✭✭

    Toned Peace dollars are way tougher to find than toned Morgans. I have paid 2x ASK for the right looking Peace dollar, regardless of mintage. Some of my buddies think I'm "super crazy" paying that money too.

  • pmh1nicpmh1nic Posts: 3,279 ✭✭✭✭✭

    I’d take this coin at this price over the Redfield coin in the OP…
    https://www.ebay.com/itm/145896509581

    The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
  • MartinMartin Posts: 968 ✭✭✭✭✭

    @anablep
    Seriously I think you were the real winner here.

    If you really want that coin I hope some time you get shot at it

    Martin

  • DocBenjaminDocBenjamin Posts: 1,452 ✭✭✭✭✭

    @Manifest_Destiny said:
    It's peachy.

    Winner. Redfield was eccentric even by coin collector standards. Kept a stash of canned peaches near his massive silver dollar hoard. Those cans degrade and leak over time.

    And removing the dollar from the original holder is a negative on value. Would have been better to have it graded in the original plastic. Agree with the other comment that the underbidder was the winner.

  • coinbufcoinbuf Posts: 11,305 ✭✭✭✭✭

    Will not be surprised to see this in a P66 or P66+ holder in about six months with an asking price of 5K.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • coinbufcoinbuf Posts: 11,305 ✭✭✭✭✭
    edited July 22, 2024 12:24PM

    @SanctionII said:
    Do you think that the toning on this Peace Dollar would result in crazy hi bidding if it was auctioned?

    It will sell above guide, but I doubt it would sell as high as the op example. Yours is actually nicer but between the darker color and how more noticeable the neck and cheek marks are in your TV I think the bidding would not be as robust.

    As the op is seeking this date/mm maybe you two can strike a deal and avoid the auction fees.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • anablepanablep Posts: 5,100 ✭✭✭✭✭
    edited July 22, 2024 1:55PM

    @SanctionII said:

    Do you think that the toning on this Peace Dollar would result in crazy hi bidding if it was auctioned?

    I don’t. Your dollar, while attractively toned, doesn’t have the provenance that the Redfield date in my OP has. That’s a main driving force behind the price increase IMHO…

    This is my most attractively toned Peace dollar graded MS 66+ and I purchased it for $27 over the PCGS value.

    This is another of my attractively toned Peace dollars, graded MS 66+, and I purchased it for $750 over the PCGS value.

    There’s little rhyme or reason to some of these prices.

    Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

    "Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


    ~Wayne
  • CatbertCatbert Posts: 7,167 ✭✭✭✭✭

    @Relaxn said:
    Wow that gash on the neck... definitely seems like exuberence but WDIK

    Its frosty...

    Check out this cheek gash (and more) for a 64+!

    Despite the scratches, I like it and didn't pay a significant premium.

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • crazyhounddogcrazyhounddog Posts: 13,970 ✭✭✭✭✭
    edited July 22, 2024 2:52PM

    I find that coin attractive. Apparently others thought so too. I’m sure whoever won this coin is happy and that’s what make this hobby so much fun and makes the world go round. Buy what you want.
    Having fun is the most important thing 😊

    Edited to say, Peace dollars show any tiny abrasion pretty dramatically when you put the lights on them. Even the slightest scathing will show like a horrible scuff, especially when imaging. I see that one at a solid 64.

    The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
  • ProofCollectionProofCollection Posts: 6,162 ✭✭✭✭✭

    I bid on that coin in the early days when it was well below guide, but it was not worth any premium to me. crazy.

  • SanctionIISanctionII Posts: 12,119 ✭✭✭✭✭

    My 1926 S MS64 Peace Dollar was purchased years ago. It was in either a black Redfield holder or a black Paramount holder. I think I still have the holder somewhere.

  • FredSFredS Posts: 70 ✭✭✭

    I would rather it stay in the Redfield holder, however, I own hundreds of Redfields, so bias is a problem here.

  • fathomfathom Posts: 1,699 ✭✭✭✭✭

    I would say that is exceptional coloring and as Redfield goes fairly gash free.

    You never know how hard the winner would go to obtain.

  • RelaxnRelaxn Posts: 993 ✭✭✭✭✭

    I know Frosty Peace dollars show those dings and marks... but hard, for me, to accept some of those gashes.
    Catbert your cheek is not as gashed as I see that throat on the 24-s...

    But they are not my coins... and my peace dollar set is a BU Dansco set that @walkerguy21d and @SurfinxHI helped me put together... i dont buy high dollar Peace dollars.

  • RobertScotLoverRobertScotLover Posts: 943 ✭✭✭✭✭
    edited July 23, 2024 11:47PM

    It seems so easy to produce exuberance with a series that is pretty inexpensive comparatively speaking. Think about it a few dealers go in and split the difference now and later reap the benefits as these crazy. high auction prices move values up albeit artificially imo
    U can call me crazy for saying such

  • jedmjedm Posts: 3,024 ✭✭✭✭✭

    @SanctionII said:
    My 1926 S MS64 Peace Dollar was purchased years ago. It was in either a black Redfield holder or a black Paramount holder. I think I still have the holder somewhere.

    I love the look of yours more than either the one mentioned by the OP or the linked on for sale by Coast coins. To my eye yours is a terrific example!

  • P0CKETCHANGEP0CKETCHANGE Posts: 2,560 ✭✭✭✭✭

    Although I prefer the majority of my coins with toning, I strongly prefer blast white Peace Dollars. As evidenced by this post, this approach is thankfully quite a bit easier on the wallet :)

    Nothing is as expensive as free money.

  • messydeskmessydesk Posts: 19,969 ✭✭✭✭✭

    This coin is intriguing enough that I'd want to see it in person to get a better look before placing a bid. I imagine the buyer intends to sink another few hundred into grading fees for it, and that it'll show up again as soon as it gets a high grade, plus, star, smiley face, or some other superlative or expletive attached to it.

  • ProofCollectionProofCollection Posts: 6,162 ✭✭✭✭✭

    What am I not seeing? The coin appears to be accurately graded at MS64 and was likely graded within the last 10 years judging by the label. Why does everyone seem to think it deserves a better grade or that PCGS got it wrong? The hits on the neck, the gash in the field, the scratch on the cheek, the chatter on the rest of the face... that's too many and too severe of marks to be 65.

  • fathomfathom Posts: 1,699 ✭✭✭✭✭

    I do not think it is a 65.

    I think it is unusual attractive toning with a decent pedigree and a tougher date.

    That would be enough to give it a significant premium, though maybe not what it sold for.

  • ProofCollectionProofCollection Posts: 6,162 ✭✭✭✭✭

    @fathom said:
    I do not think it is a 65.

    I think it is unusual attractive toning with a decent pedigree and a tougher date.

    That would be enough to give it a significant premium, though maybe not what it sold for.

    I should have been clearer because I understand the premium for toning and pedigree though I would never pay it, but many are suggesting it will be regraded and reappear on the market at a higher grade.

  • hummingbird_coinshummingbird_coins Posts: 1,138 ✭✭✭✭✭

    As others have stated, toned Peace dollars do not often come that nice. I think the factors that pushed this coin beyond its price guide value were the pastel colors lurking in the fields, the provenance as a testament to the coin's originality, and maybe hopes of getting CAC approval.

    Young Numismatist • My Toned Coins
    Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled

  • ProofCollectionProofCollection Posts: 6,162 ✭✭✭✭✭

    @hummingbird_coins said:
    As others have stated, toned Peace dollars do not often come that nice. I think the factors that pushed this coin beyond its price guide value were the pastel colors lurking in the fields, the provenance as a testament to the coin's originality, and maybe hopes of getting CAC approval.

    It's probably been to CAC and if it hasn't, it probably won't because of the scratch on the cheek. I would take my MS63 any day.

  • BryceMBryceM Posts: 11,794 ✭✭✭✭✭
    edited July 24, 2024 12:15PM

    The coin is visually interesting, but the issues with surface preservation can’t be overlooked IMO. It’s still the largest determinant of grade, especially on the obverse. Luster seems nice. No way a coin like this gets into a CAC holder at that grade. The bag marks limit to an MS63 grade in my book.

    The 24-S isn’t so easy to find nice, that’s for sure.

  • VTchaserVTchaser Posts: 306 ✭✭✭
    edited July 24, 2024 12:23PM

    Not a big fan. But i don't even know what redfield is unless it's the redish toning. It's worth what people will pay!

    Edit: So redfield was a silver dollar hoarder from the 19th century. Interesting!

    Successful transactions with: robkool, Walkerguy21D, JimW, Bruce7789, massscrew, Jinx86, jonasdenenbergllc, Yorkshireman, bobsr, tommyrusty7, markelman1125, Kliao, DBSTrader2, SurfinxHI, ChrisH821, CoinHoarder, Bolo, MICHAELDIXON, bigtime36, JWP, 1960NYGiants, fishteeth

  • RobertScotLoverRobertScotLover Posts: 943 ✭✭✭✭✭
    edited July 24, 2024 2:28PM

    Redfield had a huge silver dollar Las Vegas gambling casino hoard, that much was known, but show me the chain of title proving it was his dollar. As far as I know there is zero photographic to prove it imo which is why I would never buy a Redfield anything as opposed to other pedigrees that are backed up with original source documentation

  • SanctionIISanctionII Posts: 12,119 ✭✭✭✭✭

    A retried California Court Of Appeal Justice that I know (who now works as a private mediator) has told me that when he was a baby lawyer (recently graduated from law school and working as an associate attorney for a law firm) he and the firm he worked for at the time (1970's) were involved in the Redfield hoard.

    He and the law firm he worked for were hired to provide legal counsel in connection with the business deal that resulted in the Redfield hoard of silver dollars being sold in bulk to the company that acquired the hoard from the Redfield estate.

    He further told me that he was required to travel to Nevada (Reno, if I recall) to inspect the hoard of silver dollars (which I recall were stored at Redfield's personal residence).

    He told me he saw massive amounts of silver dollars on the floor of the basement of the residence and that persons were using metal shovels to recover the silver dollars from the floor. The shovels full of the silver dollars were dumped into containers that would then be moved out of the residence and taken to wherever their first stop was on their journey away from the Redfield residence.

    That would have been interesting to see and be a part of.

  • fathomfathom Posts: 1,699 ✭✭✭✭✭

    I have read something like that also he would bring the silver home and then dump them down a coal chute. Far cry from slabbing.

  • hummingbird_coinshummingbird_coins Posts: 1,138 ✭✭✭✭✭

    @RobertScotLover said:
    Redfield had a huge silver dollar Las Vegas gambling casino hoard, that much was known, but show me the chain of title proving it was his dollar. As far as I know there is zero photographic to prove it imo which is why I would never buy a Redfield anything as opposed to other pedigrees that are backed up with original source documentation

    In this case, the "original source documentation" is the red holder that Redfield dollars were marketed in. My guess is that the pedigree came from a PCGS submitter including the 1924-S in its original Paramount holder.

    Young Numismatist • My Toned Coins
    Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled

  • crazyhounddogcrazyhounddog Posts: 13,970 ✭✭✭✭✭

    Here's my 64 for comparison.



    The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
  • anablepanablep Posts: 5,100 ✭✭✭✭✭

    @crazyhounddog great looking coin

    Apparently more than 400,000 silver dollars were hoarded by Redfield but I can’t find the proportion of Morgans to Peace. I’m guessing many more Morgans were hoarded, obviously.

    Here’s an image of original packaging, not my coin.

    Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

    "Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


    ~Wayne
  • As a new collector I’m confused. Is it the toning, whose collection they are from that makes this so valuable. Mine were bought in the late 60’s by my grandmother. Who knows if the grade is correct or not. But I was told they are not worth much.

  • hummingbird_coinshummingbird_coins Posts: 1,138 ✭✭✭✭✭

    @Jesserwauto said:
    As a new collector I’m confused. Is it the toning, whose collection they are from that makes this so valuable. Mine were bought in the late 60’s by my grandmother. Who knows if the grade is correct or not. But I was told they are not worth much.

    At least one (the right 1924) looks cleaned. As for the rest, none of them look like they would grade any higher than a MS63. Those grades on the flips are not accurate in the slightest. Except for maybe the boilerplate "Brilliant Uncirculated" designation.

    Young Numismatist • My Toned Coins
    Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled

  • RobertScotLoverRobertScotLover Posts: 943 ✭✭✭✭✭

    @hummingbird_coins said:

    @RobertScotLover said:
    Redfield had a huge silver dollar Las Vegas gambling casino hoard, that much was known, but show me the chain of title proving it was his dollar. As far as I know there is zero photographic to prove it imo which is why I would never buy a Redfield anything as opposed to other pedigrees that are backed up with original source documentation

    In this case, the "original source documentation" is the red holder that Redfield dollars were marketed in. My guess is that the pedigree came from a PCGS submitter including the 1924-S in its original Paramount holder.

    My point is just because it is in a so-called Refield holder doesn't prove anything. He had 1000's of dollars, with what kind of controls. Why couldn't the dealer who bought all and presumably hollered them put more in the mix, who would know?

  • hummingbird_coinshummingbird_coins Posts: 1,138 ✭✭✭✭✭

    @RobertScotLover said:

    @hummingbird_coins said:

    @RobertScotLover said:
    Redfield had a huge silver dollar Las Vegas gambling casino hoard, that much was known, but show me the chain of title proving it was his dollar. As far as I know there is zero photographic to prove it imo which is why I would never buy a Redfield anything as opposed to other pedigrees that are backed up with original source documentation

    In this case, the "original source documentation" is the red holder that Redfield dollars were marketed in. My guess is that the pedigree came from a PCGS submitter including the 1924-S in its original Paramount holder.

    My point is just because it is in a so-called Refield holder doesn't prove anything. He had 1000's of dollars, with what kind of controls. Why couldn't the dealer who bought all and presumably hollered them put more in the mix, who would know?

    No one would know, but at that point, you could just as easily suspect any other coin said to have been owned by a famous collector. "What if the auctioneer swapped one of the original collection coins out for a different one that was not a part of the consigner's collection?"

    Young Numismatist • My Toned Coins
    Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled

  • Jacques_LoungecoqueJacques_Loungecoque Posts: 733 ✭✭✭✭✭

    I never have and never will understand the provenance thing. Sure, if you could verify for me that George Washington, Abraham Lincoln, or the Good Reverend Martin Luther King, Jr. had X coin in his personal collection, I’d say cool, worth a little premium. (To someone, but still not to me - I get the nostalgia)

    Redfield. Who gives a rat’s a€€? Guy’s name adds absolutely nothing to the appearance or technical attributes of any coin. I don’t care how good any collector’s eye might’ve been. Quality coins stand on their own and only but a handful of history’s giants’ legacies should add anything of value.

    The toning thing? Well, that’s a dead horse. The battle lines have been clearly established on that issue.

    Having fun while switching things up and focusing on a next level PCGS slabbed 1950+ type set, while still looking for great examples for the 7070.

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