Buying a raw 1928-P Peace Dollar without a very careful examination of the mint mark area is a financially dangerous move. Scraping off the tiny mint mark is much too easily done. I’ve seen altered pieces several times.
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 ... ?
@BillJones said:
Buying a raw 1928-P Peace Dollar without a very careful examination of the mint mark area is a financially dangerous move. Scraping off the tiny mint mark is much too easily done. I’ve seen altered pieces several times.
Reminds me of when I was building my Dansco Peace dollar album…. I already had the keys in AU, and was looking to fill in the ones I was missing, the 28S being one of them.
I was at a show and saw a nice AU bargain priced. When I was looking at it, I saw no mint mark. When I mentioned it to the dealer, he said it was removed to make it look like the more valuable 28P….but rest assured it really was a 28S!
A fellow comes in to the local coin shop who works at 711, the overnight shift and gets interesting coins and bills from time to time; that strikes me as an economically sound approach to the hobby with the need to pay bills and live in the real world. Old coins are rarely a great deal, the indoor flea markets, pawn shops occasionally have stuff that I would call a deal. Last year a local pawn shop had a bunch of foreign silver coins from a long time ago including a 1755 8Reale where the third "5" looks like a "9". I should have done more research as these can be hard to grade, I probably sold a $1000 coin for about half as much. The old saying about there being no "Santa Claus" in this hobby applies to this "haul". Let's not be suckers for "good deals" with buyer's regret more likely than not.
@mon1ck said:
Coin collectors are right up there with male nurses and chicks who drive trucks for demographics with the biggest chips on their shoulders I swear, but act like yall are the first wave of pissed off husbands I’ve ever had to deal with 😂 just relax, if you truly love coin collecting this should be a positive post, seriously, the problem is not my coins I promise you that, sometimes you have to look at what you’re unhappy about with your own lives and realize, putting others down is not the path to true happiness. I would never randomly attack someone for COINS they thought were cool, hell yeah Man, show em off, just apparently not here. 🤷🏼♂️
I hear what you are saying. There is a fine line between coming down on a new collector like a ton of bricks and discouraging them, causing them to leave the hobby, and giving them constructive advice to avoid the potholes and falls equal to the Grand Canyon. An example of the Grand Canyon is the “1913 Liberty Nickel” that is currently on eBay for $50,000.
I learned by getting hurt and losing money an over priced and processed junk. I also had some help from the sales people at Gimbels Department Store in Philadelphia when I was young. I reached the point where they wanted to offer me a summer job. I was also blessed with some basic gifts in the gene pool that some people don’t have.
The point is people here are trying to help you. The problem is one needs to do it with some tact and diplomacy, depending upon the age of the new collector. Of course when someone comes a site like this with seven consecutive parking lot finds in a row, which they claim are “rare errors,” I can lose my tact and diplomacy too.
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 ... ?
@jdimmick said:
The two silver dollars are pieces of crap, the half is ok
You're being kind Jim. I like CBH's, a lot, but it's a piece of something too. The other two. Meh. Why? Could have bought one pretty nice coin with that money.
As it is, three pieces of crap.
My 2c, of course ...
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Comments
Buying a raw 1928-P Peace Dollar without a very careful examination of the mint mark area is a financially dangerous move. Scraping off the tiny mint mark is much too easily done. I’ve seen altered pieces several times.
Reminds me of when I was building my Dansco Peace dollar album…. I already had the keys in AU, and was looking to fill in the ones I was missing, the 28S being one of them.
I was at a show and saw a nice AU bargain priced. When I was looking at it, I saw no mint mark. When I mentioned it to the dealer, he said it was removed to make it look like the more valuable 28P….but rest assured it really was a 28S!
A fellow comes in to the local coin shop who works at 711, the overnight shift and gets interesting coins and bills from time to time; that strikes me as an economically sound approach to the hobby with the need to pay bills and live in the real world. Old coins are rarely a great deal, the indoor flea markets, pawn shops occasionally have stuff that I would call a deal. Last year a local pawn shop had a bunch of foreign silver coins from a long time ago including a 1755 8Reale where the third "5" looks like a "9". I should have done more research as these can be hard to grade, I probably sold a $1000 coin for about half as much. The old saying about there being no "Santa Claus" in this hobby applies to this "haul". Let's not be suckers for "good deals" with buyer's regret more likely than not.
The two silver dollars are pieces of crap, the half is ok
I hear what you are saying. There is a fine line between coming down on a new collector like a ton of bricks and discouraging them, causing them to leave the hobby, and giving them constructive advice to avoid the potholes and falls equal to the Grand Canyon. An example of the Grand Canyon is the “1913 Liberty Nickel” that is currently on eBay for $50,000.
I learned by getting hurt and losing money an over priced and processed junk. I also had some help from the sales people at Gimbels Department Store in Philadelphia when I was young. I reached the point where they wanted to offer me a summer job. I was also blessed with some basic gifts in the gene pool that some people don’t have.
The point is people here are trying to help you. The problem is one needs to do it with some tact and diplomacy, depending upon the age of the new collector. Of course when someone comes a site like this with seven consecutive parking lot finds in a row, which they claim are “rare errors,” I can lose my tact and diplomacy too.
You're being kind Jim. I like CBH's, a lot, but it's a piece of something too. The other two. Meh. Why? Could have bought one pretty nice coin with that money.
As it is, three pieces of crap.
My 2c, of course ...
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242