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Peace Dollar "find" story....possible 5 figure!!
Peaceman
Posts: 5,098
I NEVER go into coin shops mainly due to the local shops here do not carry a wide selection of coins. Then again, I only collect Peace Dollars which have been slabbed by PCGS so walking into a coin shop is usually a waste of time. Last Tuesday I was sitting at a stop-light, right in front of one of those mini-malls and lo and behold, a coin/jewelery shop I'd never seen. I figured, o.k. why not. I pulled in and parked. A lady was already in the shop and "unloading" all of her silver she had. I ONLY collect Peace dollars so you could show me a $ 10,000 Barber and I'd never know it. I looked at the coin case in the shop and found basically nothing, some 22's, 23's in plastic holders which were not even UNC. Just about when I was about to leave, I noticed that the lady who had walked in and sold her silver had gone and left her coins all scattered out on the counter. So, I walked over there and saw just one Peace dollar. I asked the owner if they were for sale and she said that they were, she just bought them from the lady that was in there. So I asked to look at the 25 and she handed it to me. If you are a Peace dollar collector, you know that the 1925 is usually covered in a golden patina. This coin was DARK yellow; the deepest I've ever seen on a 25'. Just when i was about to put it down, I checked the mint mark and it was a "S". I asked the owner for a loop and checked out the coin and found no wear, full letters and hardly a tick anywhere. All of the rays in the hair were perfect too. I flipped it over, and as usual for SF coins, a weaker reverse with one mark. I asked the owner how much and she said $ 12. I was thinking about bringing her down a little but I was too nervous.. so i paid it. 
It is now on it's way to "RKFISH" Steve at PQdollars who is nice enough to submit it to PCGS for me. If PCGS grades it as their book indicates (Obverse grade holds with possible deduction for weaker strikes), it is a possible MS65. I have a picture of the coin but it's 71K. I can send it to someone who can cut it down a little and post it (I don't know how).
It doesn't stop there... there was also one Morgan dollar that the lady brought in. It was in pretty good shape, but again, I don't collect them so I don't know dates, etc. It was a 1893. When I got home, I checked the price on one in circulated condition and noticed that it was worth the $ 12 too (even a plain one was $50+). Needless to say, when I called back the next day... it was gone... I guess there's rrom on this board for another "find" story.....
It is now on it's way to "RKFISH" Steve at PQdollars who is nice enough to submit it to PCGS for me. If PCGS grades it as their book indicates (Obverse grade holds with possible deduction for weaker strikes), it is a possible MS65. I have a picture of the coin but it's 71K. I can send it to someone who can cut it down a little and post it (I don't know how). It doesn't stop there... there was also one Morgan dollar that the lady brought in. It was in pretty good shape, but again, I don't collect them so I don't know dates, etc. It was a 1893. When I got home, I checked the price on one in circulated condition and noticed that it was worth the $ 12 too (even a plain one was $50+). Needless to say, when I called back the next day... it was gone... I guess there's rrom on this board for another "find" story.....
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That is a great find!!! I am just starting a collection of PCGS Peace $'s.I'd love to make a find like that.I don't suppose it would be a dupe ? Or do you have a lower graded one that you'd sell ?
Registry 1909-1958 Proof Lincolns
and it sets us apart from practitioners and consultants. Gregor
and it sets us apart from practitioners and consultants. Gregor
Great story, I still kick myself over a 21 HR that I found in a little store that I didn't buy and I swore it could have gone MS65, the dealer wanted $125.00 for it!
Michael
Jade Rare Coin eBay Listings
Russ, NCNE
The only thing necessary for evil to triumph is for good men to do nothing.
and it sets us apart from practitioners and consultants. Gregor
Any insight into the gouge?
TDN may have hit the "nail on the head" with this one. From the pics I have looked at
the coin appears very clean! In my opionion, from the pic......it's a lock 64! Not much downside
here with a purchase price of $12 and the grading fees.
I do appreciate Peaceman trusting Larry and I enough to send the coin to us and allowing
us to submit it for him.......looking forward to seeing it and the results! Good luck!
Check out my PQ selection of Morgan & Peace Dollars, and more at:
WWW.PQDOLLARS.COM or WWW.GILBERTCOINS.COM
<< <i>Second that, run it through NCS prior to submitting it to PCGS. >>
Or,
Send it to PCGS first and see how it goes. You can always clean it, I mean conserve it afterwards.
I'm not as generous as everyone else because I see some reed marks in the fields, on the face and the big hits around the date will hurt some. I agree about the dip, it would be a good candidate for a dip because the slight gold color and the black spots hurt the appearance. The darkness around the date & LIBERTY might not come out well though. If I were keeping it it would stay original but if I were selling it I'd throw it in the jeweluster right quick. I'm pretty sure it isn't as gold as the picture.
There are 3 different VAMS for that model. 1 is normal & 2 are good ones with a DDR. One has doubled leaves and the other has a doubled wing; both are in the Hot 50 so you could very well have another added bonus. Good luck & keep us posted!!