I think the coin is very attractive, but the asking price is definitely top dollar. If money were no object, I'd buy it in a second!
My incomplete understanding of the reason for the differences in Morgan and Peace dollar toning is that the Peace dollar planchets were prepared more harshly than the Morgan planchets, washed in acid I believe. I don't know why this would have the observed effect on toning, however. Additionally, the coins were ultimately stored in different conditions. Many Morgan dollars sat around for years and years in mint bags which is responsible for some of the toning observed on these coins, such as textile toning for example. I'm sure someone with more knowledge will have a better explanation.
<< <i>how much is FrattLaw willing to pay for it? >>
Hey I like that coin. I like it much more for $90 then the current price, but it isn't that extreme for that kinda of color. Trust me when I say, you will search for quite a awhile before you come across another that nice. You could probably find one better, but I'm betting it might be a tad higher in price. To answer the question -- I'd go $225-$250 for that one.
If you like the colors, and don't mind overpaying for it, then bid. If you're looking to make a score with this one, don't bid. There is zero upside potential left with this coin. You will lose money if you try to resell. Peace dolalrs as a series are actually a pretty poor investment. Except for the keys, they don't appreciate nearly as quickly as other series, such as Morgans, because they didn't circulate. They were not popular with the public, so people didn't use them. They mainly sat in bank vaults in their original bags, which is why there are so many mint state pieces available, and why they will never appreciate.
<< <i>If you like the colors, and don't mind overpaying for it, then bid. If you're looking to make a score with this one, don't bid. There is zero upside potential left with this coin. You will lose money if you try to resell. Peace dolalrs as a series are actually a pretty poor investment. Except for the keys, they don't appreciate nearly as quickly as other series, such as Morgans, because they didn't circulate. They were not popular with the public, so people didn't use them. They mainly sat in bank vaults in their original bags, which is why there are so many mint state pieces available, and why they will never appreciate. >>
Dude,
Where are you coming from......its about the COLOR! Peace $'s do not come with nice color. Screw the sheet prices and all the coin trends or the POPs.....people who collect color coins pay higher prices. Its real simple...and a personal choice.
Ask some questions before you start posting "facts" in a niche you do not seem to know anything about. Sorry to vent but.......
If you don't know or like color then please don't comment on value. We have all heard the "it is a $30 coin and why would some idiot pay so much for the color". The key to the last statement is that someone WILL pay for the color. Every deal is what someone is WILLING to pay for a coin. With white coins it is easy to put a value on coins since there are "sheets". Pay your sheet prices for your white coins and no more and you will have a boring collection.
sliderider -- two years ago I started a toned Peace $ Registry set. Currently I have more than 30 colorfully toned Peace $ and have owned probably twice that number. I have seen more than 100 colorfully toned Peace dollars and to a certain extent tracked their prices. Where you are coming up with your facts is unknown to me.
When I started my set, nicely toned Peace $ were ignored for the most part and I was able to purchase most of my coins at little or no premium over greysheet price. Most Peace $ collectors want blast white examples so dealers couldn't sell the toned coins so they didn't put a huge mark up on them. Since then the market for toned Peace $ have grown. Not to the point that people will pay stupid money for them (except for me, of course) but to say there's no upside potential is just myopic. There's was a time that Morgans with toning were not favored either, now collectors pay huge sums for only the nicest coins. While the Peace $ might never be as popular as the Morgan, overall the entire set has potential for growth. Just ask Larry Shapiro. Peace $ are much rarer in higher grades than Morgans because -- they didn't sit around in bags in vaults for years and years as most Morgans did.
Please find me a bagged toned textile pattern Peace $ and I'll pay you handsomely for it.
Interesting. Since that coin is so common, and such a poor investment, I imagine you send me some links to others like it? I'm interested in purchasing a few of these toned Peace dollars.
Since they "mainly sat in bank vaults in their original bags, which is why there are so many mint state pieces available", I imagine the prices will be very reasonable too? I look forward to your links.
Thanks, Dave
Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
I don't agree with sliderider's comments in general regarding Peace dollars, although I would agree that this coin is pretty maxed out pricewise, at least in the short term. But who knows.
Comments
i guess beauty is in the eye of the beholder.
K S
<< <i> if they toned like morgans there would probably more collectors of peace dollars >>
Why don't they tone like a Morgan ?
My incomplete understanding of the reason for the differences in Morgan and Peace dollar toning is that the Peace dollar planchets were prepared more harshly than the Morgan planchets, washed in acid I believe. I don't know why this would have the observed effect on toning, however. Additionally, the coins were ultimately stored in different conditions. Many Morgan dollars sat around for years and years in mint bags which is responsible for some of the toning observed on these coins, such as textile toning for example. I'm sure someone with more knowledge will have a better explanation.
<< <i>i like the coin a lot. the price is idiotic though.
K S >>
For a Peace $ with those colors.......its cheap. But then what would I know about toners?
Very nice coin.!
TBT
<< <i>
<< <i>i like the coin a lot. the price is idiotic though.
K S >>
For a Peace $ with those colors.......its cheap. But then what would I know about toners?
Very nice coin.!
TBT >>
thanx BRYAN,, maybe somemore people should become TCCS members,,STEVE
I think the only question is - how much is FrattLaw willing to pay for it?
(I'll bid $20 under that)
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<< <i>how much is FrattLaw willing to pay for it? >>
Hey I like that coin. I like it much more for $90 then the current price, but it isn't that extreme for that kinda of color. Trust me when I say, you will search for quite a awhile before you come across another that nice. You could probably find one better, but I'm betting it might be a tad higher in price. To answer the question -- I'd go $225-$250 for that one.
Michael
<< <i>If you like the colors, and don't mind overpaying for it, then bid. If you're looking to make a score with this one, don't bid. There is zero upside potential left with this coin. You will lose money if you try to resell. Peace dolalrs as a series are actually a pretty poor investment. Except for the keys, they don't appreciate nearly as quickly as other series, such as Morgans, because they didn't circulate. They were not popular with the public, so people didn't use them. They mainly sat in bank vaults in their original bags, which is why there are so many mint state pieces available, and why they will never appreciate. >>
Dude,
Where are you coming from......its about the COLOR! Peace $'s do not come with nice color. Screw the sheet prices and all the coin trends or the POPs.....people who collect color coins pay higher prices. Its real simple...and a personal choice.
Ask some questions before you start posting "facts" in a niche you do not seem to know anything about. Sorry to vent but.......
TBT
<< <i>Tsk tsk. Pops say over 21000 in MS64 with around 4000 higher. Definitely not worth the asking price. >>
Oy Vay
If you don't know or like color then please don't comment on value. We have all heard the "it is a $30 coin and why would some idiot pay so much for the color". The key to the last statement is that someone WILL pay for the color. Every deal is what someone is WILLING to pay for a coin. With white coins it is easy to put a value on coins since there are "sheets". Pay your sheet prices for your white coins and no more and you will have a boring collection.
When I started my set, nicely toned Peace $ were ignored for the most part and I was able to purchase most of my coins at little or no premium over greysheet price. Most Peace $ collectors want blast white examples so dealers couldn't sell the toned coins so they didn't put a huge mark up on them. Since then the market for toned Peace $ have grown. Not to the point that people will pay stupid money for them (except for me, of course) but to say there's no upside potential is just myopic. There's was a time that Morgans with toning were not favored either, now collectors pay huge sums for only the nicest coins. While the Peace $ might never be as popular as the Morgan, overall the entire set has potential for growth. Just ask Larry Shapiro. Peace $ are much rarer in higher grades than Morgans because -- they didn't sit around in bags in vaults for years and years as most Morgans did.
Please find me a bagged toned textile pattern Peace $ and I'll pay you handsomely for it.
Michael
Cameron Kiefer
Interesting. Since that coin is so common, and such a poor investment, I imagine you send me some links to others like it? I'm interested in purchasing a few of these toned Peace dollars.
Since they "mainly sat in bank vaults in their original bags, which is why there are so many mint state pieces available", I imagine the prices will be very reasonable too? I look forward to your links.
Thanks,
Dave
I'm awarding you the post of the day award for the one single post with the most false and inaccurate information......who's telling you this cr@p?