Even as a huge fan of toned Peace $ I was a little surprised by the hammer price on this coin. I have a feeling its a little darker in person and with the splotchiness of the obverse toning, I wouldnt have gone that far in the bidding. If the color and been uniform and the luster had been strong under it, then yes I think $480 is a great deal on that coin.
Overall, its a matter of taste and preference. Toned Peace $ have been on fire over the past several months so that might explain why it went so high as well.
The seller has a following of bidders who like toned coins. As mentioned above toned Peace Dollars are scarce. All it takes is two bidders who want the coin at any cost and don't like to lose...
With the things I know about toned coins (and that's not much) toned peace dollars are quite rare.... But worth that premium???
I appreciate toned coins (but do not collect them). I do not think that standard price guides are relevent for exquisitely toned coins. People who collect them seem to know how to value them. If the buyer and seller are both content and there has been no mischief, there is no problem.
<<< Does the toning increase the value ten times that ?? >>>
<<< TONED Peace dollars are very rare >>>
In recent years, collectors keep hearing the buzzword that "toned" Peace dollars are rare, and that virtually any Peace dollar with a bit of color is a rare coin and worth some big premium.
The fact is that toned Peace dollars are not rare at all, there are many thousands that have opaque, splotchy, crusty, dark, or otherwise unattractive toning on them. Due to their method of manufacture, surface characteristics, and other factors most Peace dollars were not good candidates for aquiring attractive toning.
Now....very attractively toned Peace dollars with vibrant jewel-like colors are another story completely, they are few and far between and ARE worth a substantial premium, much moreso than Morgan dollars. The problem is that the REAL toned Peace dollars are so few and far between that most collectors chase the more commonly seen substandard or splotchy or crusty ones and frequently pay silly premiums for them.
<< <i>The problem is that the REAL toned Peace dollars are so few and far between that most collectors chase the more commonly seen substandard or splotchy or crusty ones and frequently pay silly premiums for them. >>
I've been collecting these for several years now and while I do think your statement has some validity, it really requires some examples to see exactly what you are talking about. Can you post examples of REAL toned Peace $ vs. the silly premium ones?? I'm not trying to be difficult, but I think it would be a informational thread for many.
As for the 22 that was linked -- I also think it went much higher than I expected, but I wouldn't call that coin common or substandard. It might be splotchy, but still attractive in my opinion and worth a reasonable premium. Say perhaps 4 or 5x sheet.
TPN
Oops sorry --
<< <i>Why are toned Peace Dollars so rare, while Morgan Dollars are not as rare..... >>
These coins did NOT sit it bank vaults together in mint bags for the most part. Morgans were stored for a much longer time which imparted more color. Further, the wash that was used to rinse the planchets of the Morgans vs. Peace $ were different which also effected the toning. Lastly, Peace $ werent and still arent and will never be as popular as the Morgans so I dont think as many were placed into albums/envelopes/collections to give them a chance to tone. For every 10 beautiful rainbow toned Morgan you'll see -- you might see 1 nicely toned Peace $.
I kinda like that 22. I don't really see it as "splotchy" because that's actually how most of them acquire their toning. When they look perfect, is when I get concerned.
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Keep in mind that if you ever brought a coin like that into your local dealer and tried to sell it the most you would get would be about $20. Paying big money for toning drives you into a very thin market. You had better know the players and be very active in that market or you will get burned!
As for the 22 that was linked -- I also think it went much higher than I expected, but I wouldn't call that coin common or substandard. It might be splotchy, but still attractive in my opinion and worth a reasonable premium. Say perhaps 4 or 5x sheet.
I agree. That's what I bid for the coin (okay, Pharmer ?). I didn't think it would go for more than that either.
I took this shot quick and sloppy just for TPN... I have one toner in across the street for grading. I just bought this one and I'm sending this one in for my quarterly CC special.
"Don't bother just to be better than your contemporaries or predecessors. Try to be better than yourself." - William Faulkner NoEbayAuctionsForNow
Very nice and worth a premium. I'd venture to guess it'll come back MS63, though it looks like the cheek might be hairlined from a previous wipe or they might just be slide marks. Nice original album toning, probably Wayte Raymond or Whitman and it probably looks a lot nicer in hand with nice greens and blues and golds.
Why the discrepancy between them and Morgans ? Was it the design of the coin that prevented them from toning ? Were they stored in different bags ? Could it be that they were just not stored away as long as Morgans were ?
<< <i>Why the discrepancy between them and Morgans ? Was it the design of the coin that prevented them from toning ? Were they stored in different bags ? Could it be that they were just not stored away as long as Morgans were ? >>
Look at Toned Peace Nut's post a few posts above your own.
Comments
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
Overall, its a matter of taste and preference. Toned Peace $ have been on fire over the past several months so that might explain why it went so high as well.
Now is this one worth $470??? 1934-D NGC MS64??
It certainly was to me!!!!
TPN
Not crazy about the '22 at that price
Liberty: Parent of Science & Industry
<< <i>I was watching that '34D. Spectacular coin! >>
I'm quite happy with it. I've been looking for a nice 34-D for a long time!
I'm actually surprised this coin didnt go for more. Heritage has it priced from a low of $370 to a high of $600.
I love getting them without a premium for the toning as opposed to 10X a premiuim paid for the 1922!
TPN
Dennis
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I appreciate toned coins (but do not collect them). I do not think that standard price guides are relevent for exquisitely toned coins. People who collect them seem to know how to value them. If the buyer and seller are both content and there has been no mischief, there is no problem.
<<< TONED Peace dollars are very rare >>>
In recent years, collectors keep hearing the buzzword that "toned" Peace dollars are rare, and that virtually any Peace dollar with a bit of color is a rare coin and worth some big premium.
The fact is that toned Peace dollars are not rare at all, there are many thousands that have opaque, splotchy, crusty, dark, or otherwise unattractive toning on them. Due to their method of manufacture, surface characteristics, and other factors most Peace dollars were not good candidates for aquiring attractive toning.
Now....very attractively toned Peace dollars with vibrant jewel-like colors are another story completely, they are few and far between and ARE worth a substantial premium, much moreso than Morgan dollars. The problem is that the REAL toned Peace dollars are so few and far between that most collectors chase the more commonly seen substandard or splotchy or crusty ones and frequently pay silly premiums for them.
I would think that they sat next to each other in bank vaults for all those years.....
Note:
I like that 34-D, don't like that 22
<< <i>The problem is that the REAL toned Peace dollars are so few and far between that most collectors chase the more commonly seen substandard or splotchy or crusty ones and frequently pay silly premiums for them. >>
I've been collecting these for several years now and while I do think your statement has some validity, it really requires some examples to see exactly what you are talking about. Can you post examples of REAL toned Peace $ vs. the silly premium ones?? I'm not trying to be difficult, but I think it would be a informational thread for many.
As for the 22 that was linked -- I also think it went much higher than I expected, but I wouldn't call that coin common or substandard. It might be splotchy, but still attractive in my opinion and worth a reasonable premium. Say perhaps 4 or 5x sheet.
TPN
Oops sorry --
<< <i>Why are toned Peace Dollars so rare, while Morgan Dollars are not as rare..... >>
These coins did NOT sit it bank vaults together in mint bags for the most part. Morgans were stored for a much longer time which imparted more color. Further, the wash that was used to rinse the planchets of the Morgans vs. Peace $ were different which also effected the toning. Lastly, Peace $ werent and still arent and will never be as popular as the Morgans so I dont think as many were placed into albums/envelopes/collections to give them a chance to tone. For every 10 beautiful rainbow toned Morgan you'll see -- you might see 1 nicely toned Peace $.
When they look perfect, is when I get concerned.
I agree. That's what I bid for the coin (okay, Pharmer ?). I didn't think it would go for more than that either.
They call me "Pack the Ripper"
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I'd say thats a 3-4x sheet premium coin.
TPN
I dunno......I see your point, but I think its more like a 1:40-45 ratio.
They call me "Pack the Ripper"
<< <i>Why the discrepancy between them and Morgans ? Was it the design of the coin that prevented them from toning ? Were they stored in different bags ? Could it be that they were just not stored away as long as Morgans were ? >>
Look at Toned Peace Nut's post a few posts above your own.
<< <i>Look at Toned Peace Nut's post a few posts above your own. >>
Doesn't anyone read anymore????
TPN