Market for 1921 Peace Dollars... in VF35 condition?

Dolan · January 4, 2013 1:36AM

This may sound like a novice question, but to all the Peace Dollars collectors- do you think there's a market for Peace Dollars in VF-35 grade? I know many of you will ask, "depends on the price," but I'm curious, even if the price was fair, if there'd be many buyers interested in that grade.

hchcoin · January 4, 2013 1:43AM

Key dates always have a market at the right price.

Overdate · January 4, 2013 1:50AM

On yesterday alone, twelve circulated 1921 Peace dollars were bought/sold on eBay. The market for these coins is reasonably liquid.

airplanenut · January 4, 2013 1:53AM

It's a popular coin in most grades, but the real question is how it looks. A wholesome, original example can look phenomenal in that grade and be very appealing (not necessarily expensive, but I think many will like them). On the flip side, a dipped/cleaned/very lightly colored example can be quite unattractive in my opinion, and because the coin isn't particularly hard to find, I think the market would be much lower for such a piece.

DorkGirl · January 4, 2013 1:57AM

Of course, not everyone can afford a MS66 example.

Dolan · January 4, 2013 1:58AM

I'm looking into buying one for my Peace dollar collection I'm starting, but unfortunately, there's a "spot" on the reverse, right under the "E" in "PEACE." I guess it might be a "problem" coin, or is it appropriate for the grade?

Check it out, if you'd like

Dolan · January 4, 2013 1:58AM

<< Of course, not everyone can afford a MS66 example. >>

*sigh* yeah.

LindeDad · January 4, 2013 2:03AM

Just from the fact that you mention the spot my advice is keep looking you will find one that you like better in the same price range.

BTW I would strech a little and get that AU58 thats on sale if it was me.

Dolan · January 4, 2013 2:36AM

<< BTW I would strech a little and get that AU58 thats on sale if it was me.

>>

Yeah, I really like it! However, I think $280 is way too expensive, even for one in a PCGS slab.

hchcoin · January 4, 2013 2:36AM

<< Just from the fact that you mention the spot my advice is keep looking you will find one that you like better in the same price range. >>

daOnlyBG · January 4, 2013 2:40AM

<< 

<< BTW I would strech a little and get that AU58 thats on sale if it was me.

>>

Yeah, I really like it! However, I think $280 is way too expensive, even for one in a PCGS slab. >>

Actually, I just made an offer for that one- lol. Sorry

Dolan · January 4, 2013 2:41AM

It's cool. Again, I'm not really convinced the price is right.

DennisH · January 4, 2013 3:05AM

I paid $95 delivered for a PCGS-30 in a Heritage auction that I simply adore. Not because I collect Peace dollars (I don't) or because I was looking for one (I wasn't), but because the eye appeal grabbed me and made me so weak that I couldn't pass it up.

(edited to add photo)

MilesWaits · January 4, 2013 3:09AM

<< It's cool. Again, I'm not really convinced the price is right. >>

Keep it up Dolan! You are fishing in the right pond. It is a fine coin to own in any grade.

Miles

Sonorandesertrat · January 4, 2013 3:17AM

Dolan,
If you don't like something about a relatively common coin (a spot, blah toning, soft strike, whatever), the only smart thing to do is keep your money in your wallet. What you buy for your collection should be coins that you really like. If you knowingly buy something that has an issue that bugs you (even if it might not bother another collector), then you are very likely to want to get rid of it soon after the purchase. That's not a good strategy. If you initial reaction is one that is even slightly negative, walk away and be patient---a coin that has the look that you want will turn up.

Buy cautiously---fully understand (liquidity, grade, eye appeal, market value, etc.) what you are considering for purchase before you actually plunk your money down.

veryfine · January 4, 2013 3:25AM

The 21 Peace seems to be one of those coins that collectors always want, even in circulated grades. It's a first year issue and the only one in high-relief. Many collectors like to own more than one, and if they can afford to put together a full roll, they'll do it!

A VF-35 1921 Peace dollar can look great, but given the availability of this coin, I'd be a bit picky. Try to get a sharp example with original surfaces.

veryfine · January 4, 2013 3:27AM

<< I paid $95 delivered for a PCGS-30 in a Heritage auction that I simply adore. Not because I collect Peace dollars (I don't) or because I was looking for one (I wasn't), but because the eye appeal grabbed me and made me so weak that I couldn't pass it up.

(edited to add photo) >>

Wow, this is giving me the urge to buy another 21 Peace dollar!
DennisH, your VF30 is perfect for the grade.

candy2012mustang · January 4, 2013 3:28AM

<< It's a popular coin in most grades, but the real question is how it looks. A wholesome, original example can look phenomenal in that grade and be very appealing (not necessarily expensive, but I think many will like them). On the flip side, a dipped/cleaned/very lightly colored example can be quite unattractive in my opinion, and because the coin isn't particularly hard to find, I think the market would be much lower for such a piece. >>

^I totally agree

WhiteTornado · January 4, 2013 3:40AM

<< 

<< It's a popular coin in most grades, but the real question is how it looks. A wholesome, original example can look phenomenal in that grade and be very appealing (not necessarily expensive, but I think many will like them). On the flip side, a dipped/cleaned/very lightly colored example can be quite unattractive in my opinion, and because the coin isn't particularly hard to find, I think the market would be much lower for such a piece. >>

^I totally agree >>

+1 to both opinions

airplanenut · January 4, 2013 3:45AM

<< I'm looking into buying one for my Peace dollar collection I'm starting, but unfortunately, there's a "spot" on the reverse, right under the "E" in "PEACE." I guess it might be a "problem" coin, or is it appropriate for the grade?

Check it out, if you'd like >>

To me, that coin is exactly what I was describing as a bad example. The color looks very light and unoriginal. So there alone, I'd say you can do better. Add in those spots, and you can do much better. Remember, this isn't a scarce coin, but perhaps a really nice one won't always be available. That's fine. Keep your eyes open and you'll get a good one. Many of my favorite coins are the ones I looked for for a long time (years!) before finding the right example. I think this is an easier coin than those, so I doubt you'll wait anywhere near that long, but just remember that you don't have to get the first one you see, and it's okay to pay a bit more if the quality justifies it. What you shouldn't do is go after the real steal of a deal, only to find out the coin is of lesser quality and the bargain price wasn't really a bargain.

johnny9434 · January 4, 2013 4:27AM

<< Of course, not everyone can afford a MS66 example. >>

im just as happy with my au 55 and au 50. theres nothing wrong with any grade

Myqqy · January 4, 2013 5:40AM

I'm looking into buying one for my Peace dollar collection I'm starting, but unfortunately, there's a "spot" on the reverse, right under the "E" in "PEACE." I guess it might be a "problem" coin, or is it appropriate for the grade?

That peace dollar example is pretty gross- I totally agree with Airplanenut, you can find much more pleasing examples out there...

LindeDad · January 4, 2013 6:00AM

<< 

<< BTW I would strech a little and get that AU58 thats on sale if it was me.

>>

Yeah, I really like it! However, I think $280 is way too expensive, even for one in a PCGS slab. >>

That price is pretty well on the mark I just looked and I sold one last July for $287.00.

Dolan · January 4, 2013 6:43AM

Wow, if you got $287 for it, that's pretty sweet. However, I think that's the "exception," not the "standard."

Every price guide- including eBay and Heritage results from the past year, along with PCGS coin facts, the Red Book, Numismedia, and so forth- have given the 1921 Peace dollar in AU58 a lot less than $280. In fact.. I know there's some guy here who was making a numismatic project that involved valuating coins...wonder how much he thinks it's worth..

daOnlyBG · January 4, 2013 6:50AM

<< Wow, if you got $287 for it, that's pretty sweet. However, I think that's the "exception," not the "standard."

Every price guide- including eBay and Heritage results from the past year, along with PCGS coin facts, the Red Book, Numismedia, and so forth- have given the 1921 Peace dollar in AU58 a lot less than $280. In fact.. I know there's some guy here who was making a numismatic project that involved valuating coins...wonder how much he thinks it's worth.. >>

That's me! If you're worried about paying the "fair price," I'd have to agree- $280 is a bit too high. Based on the most recent price guides, many of which that cite retail prices and *not* wholesale, a much more appropriate price would be $195-205. For $280, you should be able to find a decent MS60 or MS61.

Not that 60s are always better than 58s...

Anyway, I guess I'd just take everyone else's advice and wait for a coin that you'd feel comfortable dropping a couple hundred on.

Market for 1921 Peace Dollars... in VF35 condition?

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