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Dale Larsen's Peace Dollars
ianrussell
Posts: 2,459 ✭✭✭✭✭
We had the pleasure to handle Dale's collection of toned peace dollars recently - many of which he acquired 10-20 years ago. I wanted to post my favorite from his collection - the 1924-P. I'm not sure I've seen another 1924-P like this. And the final bid...50 times what a generic untoned coin sells for.
Ian Russell
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
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If the same person bought all of these, they spent *~12k on a handful of common date Peace dollars.
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I also just can't seem to be able to ignore the coin's technical grade when considering what I'd be willing to pay for it. I have no problem with those who enjoy collecting these and paying what they're bringing, but it's not a market I'm comfortable playing in.
Let me know when he parts with some of his other coins please!
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
No comment.
50 times generic for that?
No comment.
This.
Dale has great coins and is a great dude
Let me know when he parts with some of his other coins please!
mark
Some of Dale's "toner" CC dollars went off last night on GC. A very nice group of 8-10 coins from 1881 cc to 1885 cc. Most of them 65 to 66+. They fetched decent prices....more than I could pay. Most or all of them were CAC'd. Comparing them to what plain out white coins in the same grades brought, I think most of these were decent buys.
--Severian the Lame
Dale has great coins and is a great dude
Let me know when he parts with some of his other coins please!
mark
Some of Dale's "toner" CC dollars went off last night on GC. A very nice group of 8-10 coins from 1881 cc to 1885 cc. Most of them 65 to 66+. They fetched decent prices....more than I could pay. Most or all of them were CAC'd. Comparing them to what plain out white coins in the same grades brought, I think most of these were decent buys.
I'm thinking another denomination ; )
M
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I just looked through my photo database and found it, and see that exact coin was sold 14 years ago, and it was in an NGC holder at that time, graded MS64. As I recall, it brought a ton of money for what it was at the time.
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I think it is awesome!
Dale has great coins and is a great dude
Let me know when he parts with some of his other coins please!
mark
I had the privelege of visiting with Dale at his house Mark when I was at the ANA
we went thru a double row box of some amazing coins, which I think will be coming to market.
Dale picked me up at the airport, dropped me at my friends house and then picked me up every day and dropped me back each night. He also dropped me at the airport on the last night. All this while maning a table all day each day I was there.
Thats the kind of person Dale is!!
Rainbow Stars
Dale has great coins and is a great dude
Let me know when he parts with some of his other coins please!
mark
I had the privelege of visiting with Dale at his house Mark when I was at the ANA
we went thru a double row box of some amazing coins, which I think will be coming to market.
Dale picked me up at the airport, dropped me at my friends house and then picked me up every day and dropped me back each night. He also dropped me at the airport on the last night. All this while maning a table all day each day I was there.
Thats the kind of person Dale is!!
That's awesome Jack! I got the deluxe tour at his last gig. The best part was going through his personal collection. We were both working on a similar project and it was nice to measure exactly where I was at. He has great stuff.
Personally I think looking at the price realized as 50x book is a mistake. I also think saying this is a common is a mistake. There is nothing common about beautifully toned Peace dollars period. They are just not out there. You are paying for "aesthetic" rarity and there are a lot of people who collect in this realm.
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
The reality is that there are a lot of toned Peace dollars out there, just not many in a PCGS slab. I could cure Cancer faster that I could get a coin like that in a holder these days. Some did get in back then.
M
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Complete Set of Chopmarked Trade Dollars
Carson City Silver Dollars Complete 1870-1893http://www.pcgs.com/setregistry/showcase.aspx?sc=2722"
The reality is that there are a lot of toned Peace dollars out there, just not many in a PCGS slab. I could cure Cancer faster that I could get a coin like that in a holder these days. Some did get in back then.
So...are you saying that CAC stickered the coin in question without giving any consideration to the nature of the toning, and gave it a free pass?
Based on the generation of the holder, PCGS would have graded the piece sometime prior to February of 2002. CAC wasn't around back then to just rubber stamp PCGS' slabs, so CAC must have come to their own opinion more than 5 years later!
The reality is that there are a lot of toned Peace dollars out there, just not many in a PCGS slab. I could cure Cancer faster that I could get a coin like that in a holder these days. Some did get in back then.
So...are you saying that CAC stickered the coin in question without giving any consideration to the nature of the toning, and gave it a free pass?
Based on the generation of the holder, PCGS would have graded the piece sometime prior to February of 2002. CAC wasn't around back then to just rubber stamp PCGS' slabs, so CAC must have come to their own opinion more than 5 years later!
I have albums full of toned Peace dollars and most will not make it into a holder today. They are all natural, some put in there 40 years ago. I bought them from a lifelong dealer/collector, his own private stash. He told me he didn't sleep for a week after trading/selling them to me. I had some proof Morgans he really wanted and he took my one and only offer. I think I have 200 or so. I have tried a few over the years and every once in awhile one makes it, but usually not. If you cracked the above coin, even though I think it is natural, it would not go back in a holder. No way!
UPDATE: A few of the less wild ones that came from those albums made it via NGC, but the real crazy toners in there.......not a chance.
Months back, I guess, when he was cleaning out his Lincoln boxes.
I also have Dale to thank for my avatar which he sold to me in a private sale and it is somethings very special.
I've not seen Dale in quite a long time. I believe the last I saw him was in Long Beach, just prior to Mike DeFalco's passing. Been to long, he's a great guy!!!
I miss Mike. I used to live on his site
mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Me too!!! The first coin (Morgan) I ever bought came from Mike. He helped guide me in the early years of my collecting. Mike had a great eye and a love of color.