Grandpa's Old Coin
bullionsilver_hawaii
Posts: 33 ✭
As I was snooping around my grandfather's house, I noticed a Chinese Jewely Box (the kind that things can be thrown in without care) and decided to open it. After trampling over papers and unfolded clothes, I opened the box, only to be left with shock as I saw a shiny 1922 S Peace Dollar in an air-tight plastic capsule sitting inside, amongst silver dimes and kennedy half dollars (the 40% kind). There was also lots of jewelry. I took it out of the case and asked my grandpa about the history. He said: "That was your Great Gradnfather's Lucky coin. He used to rub the eagle on the back when he needed luck." He continued to tell me on how after my great grandfather died, my grandfather recieved it, and immediately put it in a small plastic bag and put the bag in a sock-hiding it from my mom and uncles. The coin looked like it had been polished/improperly cleaned. He said my grandma had cleaned it with a sterling silver cleaning cloth around 2010-2011, as she noticed some debris, dust, and dirt had begun to accumulate. They then transferred the coin into a plastic capsule. Can someone please grade it/tell me the value?
Comments
In terms of financial value, about $14. Sentimental value seems much higher.
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In my book the coin and the story are priceless as a family heirloom.
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Hello,
That's a cool find, and with the reverse just a bit of a lower grade than the obverse, the 'eagle rubbing' story may very well be true. The obverse is extremely fine while the reverse looks to be very fine. Of course, you wouldn't consider having this coin graded as it is a common date and does exhibit cleaning.
Common Peace dollars are currently around 18 bucks or so, but your story is worth much more than that.....
Paul
Welcome to the forum!
Very nice to see someone at your age (13) interested in coins. By the time your 30 you will be very knowledgeable
Knowledge will bring you wealth in many ways!
Cyndie.
The story and family history are worth more than the coin itself. It is a polished and moderately worn example of a relatively common coin so its "worth" to others is intimately tied to its bullion value, which is about $13-$15 right now.
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Too bad the coin was cleaned of dirt and debris. That was part of the history that your great grandfather physically imparted onto the coin. Still, the sentimental value is significant even if the dollar value is small.
I would pay $16.50 for that coin. So to me, the value is $16.50
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Don
great story, so the collecting bug runs for generations in your family. Coin is priceless snd should remsin in your family.
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Great example of the perfect family heirloom due to its low price tag.
I hate to see anyone sells off an heirloom because of what it worth in dollar amount. Not saying people only care for money. But there will always be a few difficulties in life that people have to cash in items of high value.
BTW, I recently purchased some uncirculated U.S.mint lots at 1.5 time of normal price without a second thought. It appears to be a legitimate grandma's collection that contained the original us mint shipping boxes and then wrapped with foil paper and stuffed inside a safe. Grandson decided to clean out the house knowingly grandma really did cared for her coins. I will post some pictures if I find anything interesting.
Some coins are priceless with centimental value. Cool story.
I agree... family heirloom... value is in the continuous possession in family lineage.... Cheers, RickO
CENTimental?
I bet there are plenty of folks (like me) with a mountain of inherited pennies.
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Same goes for used undies. But are they really family heirlooms?
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