Wondering who won this 1924-S Peace $
anablep
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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
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
7
Comments
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.
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.
Wow that gash on the neck... definitely seems like exuberence but WDIK
Its frosty...
fwiw, i think you still got a good coin over all
@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.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
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.
It's peachy.
It seems that any Peace Dollar with toning on it attracts a crowd, even if the toning does not amount to much.
I like what you did there!
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…
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
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.
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.
I’d take this coin at this price over the Redfield coin in the OP…
https://www.ebay.com/itm/145896509581
Some prefer blonds, some prefer redheads.
@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
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.
Will not be surprised to see this in a P66 or P66+ holder in about six months with an asking price of 5K.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
In 2022 I had this toned 1926 S Peace Dollar graded by our host. It graded MS64. In hand it shows booming luster under the toning. The toning on both sides frames the untoned central devices.
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 Collection of Old Holders
Never a slave to one plastic brand will I ever be.
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.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
Check out this cheek gash (and more) for a 64+!
Despite the scratches, I like it and didn't pay a significant premium.
"Got a flaming heart, can't get my fill"
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.
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.
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 would rather it stay in the Redfield holder, however, I own hundreds of Redfields, so bias is a problem here.
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.
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.
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
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!
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.
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.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
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.
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.
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
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.
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.
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!
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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
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.
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.
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
Here's my 64 for comparison.
@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.
"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.
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
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
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.