Seeking opinions on this 1924 Peace dollar before I buy
anablep
Posts: 5,137 ✭✭✭✭✭
In my quest for a superior example of the 1924 Peace dollar, I’d appreciate opinions on this coin I’m considering. I’ll reveal the grade later, but for now I’m looking for specific insight on its strike, apparent luster and eye appeal. Feel free to offer a grade. Thanks.
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
4
Comments
I would look for another
Top 10 Cal Fractional Type Set
successful BST with Ankurj, BigAl, Bullsitter, CommemKing, DCW(7), Downtown1974, Elmerfusterpuck, Joelewis, Mach1ne, Minuteman810430, Modcrewman, Nankraut, Nederveit2, Philographer(5), Realgator, Silverpop, SurfinxHI, TomB and Yorkshireman(3)
A hard pass here.
To me, very unattractive.
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't an optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
What attributes of the coin have caused you to consider buying it?
It’s extremely common, with huge quantities from which to choose. So there’s good reason to be discriminating in making a purchase.
But even it were rare, I’d pass. There are hairlines on Liberty’s face, speckling on her face and neck, what looks like a long scratch in the lower left obverse field, a mushy strike, as well as uneven and unattractive areas of dark, speckled toning.
This might serve as a good example of an original coin not necessarily being a desirable one.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
it's ok but the strike is weak, I would keep looking.
With that patina it looked pretty cool when I opened the thread, but as I zoomed in the color started to break down and the eye appeal became negative.
Founder- Peak Rarities
Website
Instagram
Facebook
The strike looks weak to be, I’d look for another. I do like the originality, but originality on a peace dollar frequently equates to a less attractive coin. I don’t hate the look, but with the weak strike I’d keep looking.
I'm BACK!!! Used to be Billet7 on the old forum.
If it were a 63 or 64 (under $100) I'd be fine with it because I do like the color, the luster looks good and the strike's okay for me at that level.
My gut says it's probably in a 65 or 66 holder so I'd move on.
I like it. Of course, should you buy it or not would depend upon its grade and price, but going just by the images I like the coin. She's got some thin lines on her cheek and a few nicks here and there, but I think the eye appeal overwhelms those negatives. Regarding a scratch in the left obverse field brought up by Mark, I had interpreted that to be more of a luster graze than anything else, but I could absolutely believe it to be a fine scratch.
Again, I like the coin and then went back to previous threads you have started about this series and it is apparent to me that you aren't looking for the typical, dipped blast-white Peace dollar and you also aren't looking for the unicorn, fully rainbow Peace dollar, but are instead looking for coins with character and those that have a presence in their aesthetics. Visually, this coin has powerful aesthetics, whether one likes it or not, and I think it has terrific luster and unequivocal originality. I find it attractive, but realize most (like really most) would not.
In honor of the memory of Cpl. Michael E. Thompson
Tom’s positive comments about the coin, contrasted with negative ones from a number of other posters (myself included) illustrate beautifully, how individual tastes can differ. I have such high regard for him and his opinions that I’m already starting to view the coin more favorably.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I love the look at LIBERTY, the red in-between the rays or whatever they are supposed to be looks cool. I dislike everything else about it. And I have to also chime in that 1924 is sooooooo common, sooooomuch to choose from so you can take your time and be patient and get it right when the opportunity presents itself and for the 1924 it will
I like the look of this coin quite a bit—the originality is cool and I’m interpreting strong luster which probably makes the eye appeal in-hand quite attractive. It’s rather difficult to find attractively toned Peace dollars, although I realize that is subjective (confirmed by the negative comments above me).
That said, what look like scratches on Liberty’s cheek definitely concern me and it’s something I’d want to examine, esp. if the asking price is premium for the grade. Otherwise the merits of the coin far outweigh a weaker strike for me.
Can you share the grade? I think you’ll get better informed feedback. At first glance it reads like a 66 to me, but the severity of the cheek contact could knock it to 65.
Nothing is as expensive as free money.
Common date with unappealing toning. That’s an easy pass.
I appreciate all the excellent advice on this coin. I’m more inclined to purchase it rather than pass at the moment, but I’m in no rush either. Let’s see if the grade changes anything.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
As much as I like the coin overall, I don’t like it as a 67 or for anything approaching 67 money. I need a virtually pristine cheek at that level. I would pass.
Nothing is as expensive as free money.
I have owned a 1924 Peace dollar in PCGS MS67. I don’t really like this one at that grade, but the in-hand look could possibly influence my decision. The overall eye appeal is a bit negative to me, but if it has overwhelming luster, I might consider it. Hard to know from a photo.
At this level, it’s a good bet CAC has seen it, and did not sticker it.
Pass as a 67.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Going by the photos the appearance is bland to these eyes. The eagle is the most unappealing aspect. I know most collectors seem to zero in on obverse appeal, but knowing that exists on the reverse kills my interest. But good luck in your pursuit wherever it leads you.
Needs a good dip but at a MS67 grade it would take bigger ones than I have to do it.
I can see why this coin could be appealing as a personality piece, IF it had a mid 3 figure price tag or below, but since it has a 10x value jump
To ms67, I would say no, no, no.
There is a reason the coin is priced like it is, and though it may appear like a bargain, it’s not. Sure, blazing luster helps me overlook a couple of hits. With that said, very few buyers will overlook numerous abrasions on a prime focal area, a below average to average strike, and neutral/polarizing toning, among other things. Unless you absolutely love it (which seems doubtful considering you had to ask), but at this grade and price I would implore you to be patient.
Founder- Peak Rarities
Website
Instagram
Facebook
I don’t personally like the look at any grade level. At 67, and the price tag that comes with, I’d be even more cautious. I do see why some might like it and respect their views. However, I’d recommend that you keep looking given the price tag involved.
Fully agree. This is the kind of coin that I would consider buying, but as a 66. When the value/price "cliffs up" as it does on this issue from 66 to 67, my level of scrutiny also rises proportionally.
Nothing is as expensive as free money.
Unattractive toning pattern. Pass.
Not sure I'd buy any coin that jumps 10+X in price from prior grade without seeing in hand or at least having the CAC 2nd approval. Too much risk even if a nice coin.
Rusted and pitted dies are common for 1924, causing the luster to look grainy or mottled, and it seems this coin suffers from that. If I compare with TVs of other 67s, which is also all I have to go on with the subject coin, I like many of those better than this coin. I also don't like this coin 10x more than a nice 66, which seems to be what the price spread is.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I read a few posts criticizing the OP coin, and I fully understand why.
However, I will offer some contrarian viewpoints:
If you don't buy it, i will
I don’t care for it. I think the toning is unattractive. The price differential between a 66 and 67 is too rich for me. But it’s your collection and money and buy it if you like the coin. At the end of the day you’re supposed to be happy and not me or anyone else on the boards.
I like Peace dollars. When I saw it at first I thought 66, but over time I've learned to always look again and remember that peace dollars usually tend to be given a grade lower than what I see on my first examination. I really thought "wow this one may really be a 66!"
After reading the responses of many who have more experience in actually owning and seeing these high grade coins in hand, I come away with an appreciation of the nuances of not only grading, but personal preferences as well.
It'll be interesting to see whether you get that coin or @jerseycat101 does.
And here I was just starting to view @TomB less favorably
No, not for me. 🙂
Pass. No go for me. Too much surface damage from tarnish / bad spotting (biological attack).
Do not let the plastic influence you! The plastic is an illusion. Look only at the coin and judge it against other 1924's.
It is probably best to take a pass if you are seeking opinions and/or approval on whether or not you should buy a particular coin, especially a common date Peace dollar.
I don't care for it. Especially do not care for it as a 67. You can do much better imo.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
Now that I have seen it in the holder it is butt ugly.
Lots of viewpoints here, many in the “no” camp. I respect the thoughts on the coin. For me, I enjoy the unusual look but I’m wary of the price being a few thousand below the PCGS guide & lack of CAC at this grade level.
Thanks for all the advice & opinions.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
Have you checked for prices realized of other non-CAC examples and what they brought compared to the PCGS price guide?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Auction history indicates that the Guide may be on the high side. Nonetheless, considering the price jump between grades, I would want it stickered. (But then I wouldn’t reach for a 67 to begin with, given the 10x multiple. Not a registry guy.)
The toning is not for me. The coin in hand may look completely different. From the pictures it looks like it would be darker than I like
It probably looks awesome in hand but not for what you’re looking for. To truly be a superior example that I’d be happy and secure with I would want to see either a more evenly toned or a blast white example.
Sticker or no damn sticker, that’s not one that I would want.
EAC 6024
Not a big fan of the rust look.
Nice coin, but the marks on the cheek at the 67 grade are a real problem in my opinion. At a 65 grade I'd be more willing to accept them.
I realize this is a huge image, but those marks will be visible in the light without magnification.
Collector, occasional seller
I have and they range from $5500 to $9600. Big spread. And that says a lot about availability I think. Thank you.
I see what you mean!
Here’s a nice 67 with a clean cheek & gunmetal look that I like. It sold for $5600 a couple of summers ago.
I’m holding off on this purchase. Plenty of nice 66+ or 67’s out there. Thanks all.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
I'm with you at 65. Don't forget about this one:
Young Numismatist • My Toned Coins
Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled