Lowball Peace Dollars

Yorkshireman

I have two Peace Dollars which I think have a shot at getting a 1 grade for a "Lowball" collector. One is an 1922 and the other has the date worn off (at least I can't make one out.)
I don't have the ability to take and share good photos here. Don Willis saw them at the FUN show and thought they (at least the 1922) could get in a slab.

I would want to sell them and plow the proceeds into something else as they do not fit into my collecting goals. Is it worth the time, money, and effort to get them slabbed?
What kind of market is there for lowball Peace dollars?
How hard might a grader work to find a date?
Any ideas on the dateless coin? It is not a 1921 high relief. Are there diagnostics to identify the date that could increase my chances of getting it in a holder?

BryceM

If you can manage a PO01 grade they'll sell easily. If it's completely dateless they won't holder it unless there is some clear diagnostic that proves the date/mm combination. Apart from the 1921, these aren't too common. The DDO 34-D would be easy enough to see, but at that level of wear there will be few useful diagnostics.



BTW, I have a 1922-S in a 1922-P FR02 holder. They're not going to spend all day looking at these.



Send it on economy though. No need to spend more than necessary.

TwoSides2aCoin

My suggestion for low grade coins is to let them, who want to collect them, do the work (submittals/paper work/ costs, logistics) if they want it. I wouldn't put a dime of my money in a holder toward a "poor" set, at this point in time. Seems the fastest way to poverty. Though, I've been wrong most of the time, and I'm poor most of the time, too. Peace !

foodude

Peace dollars, other than a '21, and perhaps the DDO 34-D, are very tough to get into a PO01 holder; much tougher than Morgan dollars. There is a fine line between an FR02 and a no grade. One of the difficulties with Peace dollars sufficiently worn to reach the PO01 stage is still be able to determine the mintmark or confirm the lack of a mint mark. And yes as noted above, PO01 Peace dollars (if priced correctly) sell very quickly.

For those wanting more information about Po01 see this article that I was in a bout a year ago in Numismatic News.
http://www.numismaticnews.net/article/good-money-spent-on-poor-coins

crazyhounddog

Fun stuff to look for. Great to hear your having fun with it.

BryceM

Just for fun, here's a PO01, FR02, and AG03 from my grading set. If you look closely, you can see the "S" mintmark on the FR02 coin, wearing a 1922 label.

Yorkshireman

Mine are at least "bad" as the 1 in your set.

Davideo

I would guess if it grades fair breaking even is probably about as well as you can do (assuming you paid no more than a little north of spot). If it grades poor then it should definitely be a money maker.

ricko

I have never understood the attraction for low grade coins... but then, I never understood why

people collected beanie babies.... Cheers, RickO

Yorkshireman

They are not my taste either. However, mine are for sale to anyone who wants to compete in the lowball space.

Ricko,
Along those lines, I am very passionate about naturally toned coins. You consider them "tarnished" and undesirable. A coin that is over 100 years old should not look like it came from the mint yesterday.

To each his own

AND

Beauty is in the eyes of the beholder!!

MadMarty

For a lowball to grade they have to be able to tell the date and MM. If there is any question of what the date it they will return it a no grade/refund.

Yorkshireman

Coin Facts showed a 1922 001 selling for $120 and a 1923 001 selling for $500 (Ebay), but only one of each were listed in the auction histories.

Anybody have a more accurate idea on what these might trade for?

UTTM07

Hypothetically, would a grading service grade a '34 DDO with a totally smooth reverse? No doubt it would be correct date and mint mark, but would they want to know whether it was large or small D? Even if not designated on holder?

MadMarty

Originally posted by: Yorkshireman
Coin Facts showed a 1922 001 selling for $120 and a 1923 001 selling for $500 (Ebay), but only one of each were listed in the auction histories.

Anybody have a more accurate idea on what these might trade for?

I guess it would come down to if someone needed the date for a registry set.

Cougar1978

Just start them raw auction on eBay at melt.

I have an AU circ morgan, CDN Bid $40 I have $12 in. I was going to send it to ICG along with 3 other coins (proof Madison half in capsule, some raw Franklin 50c Proofs). With economy of $12 and shipping of $20 would cost $68 (plus my outgoing shipping) get them all graded (no collectors society fee). Passed, $68 would buy a nice coin and the coins did not justify grading fees. Besides I want anything I slab in PCGS holders.

I was looking at USM products and wondered how anyone slabbing these (except gold) could even hope to make any money. They would be buried in grading fees and USM costs coming out the gate (before the 70 whale would buy, they are few and far between lol), no wonder a lot of the mod dealers have folded.