If you would like to do a Peace collection in MS65?

Bossman88 · February 9, 2013 7:21AM

I'm looking into a new series to collect and always liked Peace Dollars.
What would it cost, rough guess?
Who are the dealers you would contact?
What shows would you attend?

Thanks for any input.
Regards, Larry

Broadstruck · February 9, 2013 7:31AM

PCGS Values for a Complete MS65 set is $100K

daOnlyBG · February 9, 2013 7:31AM

That's a really ambitious goal, but it's one that I've considered myself (though not at that grade!). Just from looking at the Official Red Book alone, I calculated that it'd cost you in the neighborhood of $110,000-120,000 if you were to collect all the issues (each year, and each mint mark from that year). If you were only to focus on years and not worry bout mint marks, you could almost split that figure in half.

I imagine most shows have an ample supply of Peace dollars to choose from, though I don't know about MS65. Have you considered MS63?

Broadstruck · February 9, 2013 7:35AM

Don Rinkor, Larry Shapiro, & Steve Twitty are 3 dealers that specialize in the series.

Bossman88 · February 9, 2013 7:41AM

I just looked at the PCGS price guide.
I thought maybe 70 to 80% of guide or does that just go for moderns
I really want gem quality but might have to go 64 and 65 instead.
What would be a good read first?

Regards, Larry

crypto79 · February 9, 2013 7:44AM

It is quite doable if you knock it down to MS64 on a couple if issues like 25-s, 28-s, 34-s for 15% of that. Focus on original skin and liner coins that make the grade save for maybe strike softness. Luster is king on these and looks and a few hundred to get a feel for how they come.

Broadstruck · February 9, 2013 7:52AM

<< I just looked at the PCGS price guide.
I thought maybe 70 to 80% of guide or does that just go for moderns
I really want gem quality but might have to go 64 and 65 instead.
What would be a good read first?

Regards, Larry >>

70 to 80% of guide and quality aren't even in the same vocabulary as some of the S dates are tough!

Some books are listed below as there more out there -

The Morgan and Peace Dollar Textbook by Wayne Miller

Silver Dollars & Trade Dollars of the United States - A Complete Encyclopedia by Q. David Bowers

Comprehensive Catalog and Encyclopedia of Morgan and Peace Dollars by Leroy C. Van Allen and A. George Mallis

Here's a PQ MS64 as an example -

MrEureka · February 9, 2013 7:53AM

I would not advise collecting this series in that grade unless you have superb grading skills and a ton of patience. I say that because prices sometimes escalate dramatically from point to point, and because (IMHO) it takes a PQ coin to warrant the prices on most of the more expensive pieces. That said, it's a great project if you're up to the task!

Bossman88 · February 9, 2013 8:40AM

Thanks for the input folks.
I will try to locate some books and do my reading.
i am looking at a 5year plan on this collections so lots of time for research.
I will be attending Central States in April and check in with the dealers at the show.

Regards, Larry

MidLifeCrisis · February 9, 2013 8:49AM

<< PCGS Values for a Complete MS65 set is $100K >>

Well that's surprising...and ambitious.

halfhunter · February 9, 2013 9:30AM

<< 

<< I just looked at the PCGS price guide.
I thought maybe 70 to 80% of guide or does that just go for moderns
I really want gem quality but might have to go 64 and 65 instead.
What would be a good read first?

Regards, Larry >>

70 to 80% of guide and quality aren't even in the same vocabulary as some of the S dates are tough!

Some books are listed below as there more out there -

The Morgan and Peace Dollar Textbook by Wayne Miller

Silver Dollars & Trade Dollars of the United States - A Complete Encyclopedia by Q. David Bowers

Comprehensive Catalog and Encyclopedia of Morgan and Peace Dollars by Leroy C. Van Allen and A. George Mallis

Here's a PQ MS64 as an example -

>>

WOW . . . That '21 is hammered ! ! !

HH

BustHalfBrian · February 9, 2013 10:38AM

25-S and 28-S in will cost you about what all the other coins in the set cost combined...

and you can find nice, gem-looked 64 pluses for a fraction of that price. But it's your money - do with it as you wish.

erwindoc · February 9, 2013 11:42AM

Id suggest dropping from 65 to PQ 64s and taking your time. You could splurge on the common 22-25P's and bump them to 66's, then each coin would be worth closer to the same amount. Its your collection though and it will be a fun project! Good luck!!!

Mowgli · February 9, 2013 1:14PM

I pondered this same idea a couple of years ago and decided to the Peace dollars in MS 64. It is much cheaper and if you look for those that are more PQ (not slabbed as such) you might get some upside potential. Do it in MS 65 is expensive and I felt there was more downside potential than upside. Finding nice, well struck 64s is challenging otherwise you could put a set together in a day.

PerryHall · February 9, 2013 8:14PM

I never understood the logic of collecting a series in only one grade. Why not collect the common dates in MS65 and the better dates in a lower grade? I always liked the idea of collecting in the highest grade before the big jump in price in the next higher grade.

coinkat · February 9, 2013 8:27PM

Some sound advice has been offered. Along the lines of what Perry Hall suggested, buy quality for the grade and all the coins do not have to be the same grade. One could even consider afew at 66 and the 25-s, 28-s and 34-s at a lowere grade. Even the 24-s and 27-s get expensive.

BryceM · February 9, 2013 8:44PM

Great advice so far. I'd recommend Larry Shapiro and Don Rinkor. Mikes coin chest has some nice coins, but very pricey. GR Tiso sometimes has nice stuff. There's a world of difference between run-of-the-mill MS64 coins and PQ64+ coins. Also between nice and great 65s. Start slow. Buy and sell a few 64s and even 63s to get a feel for what the market likes.

I happen to like some with subtle, nice original skin, but the market STRONGLY favors 100% white coins, even if slightly luster impaired. Good luck finding MS65 in 27, 28-s, 24-S, 27-S, and 25-S. they don't come to market often enough to have a good selection. Interestingly the typical keys (1921, 1934-S aren't as rare as others at MS65). Funny series that way. In the 25-S, MS65 is top pop.

I've been doing basically exactly what you describe for the past 2-3 years. You can check out my reg set and feel free to PM with questions. It's a great series with plenty of personality in each and every issue.

BillJones · February 9, 2013 9:33PM

If I were to form a Peace dollar collection I'd look for really nice MS-64 examples. The MS-65 are really pricey, even for the common dates, and are not easy to find. I don't have enough interest in the series to form such a collection, however.

IrishMikey · February 9, 2013 11:35PM

If you are serious about the MS-65 grade, you might want to start by finding nice examples of the tough dates --
the 1921, 1924-S, and 1925-S. Even though it is not as hard to locate, I mention the 1921 because finding one
that you REALLY LIKE could be quite the search. If you come to the realization that MS-65 is just too difficult
or expensive, then you can adjust to MS-64.

I agree with many others that said to upgrade the common P mints to MS-66. Slabbed MS-65 examples are a dime
a dozen, and the quality might not be what you want.

Baley · February 10, 2013 4:56AM

Agree with others, If I was serious about this set I'd do most of it in 65, but get the 25S 28S 34S and maybe a couple others in 64, and the ultra common 22P-25P and maybe a couple others in 66.

Sonorandesertrat · February 10, 2013 5:07AM

I agree with what MrEureka wrote. For some of the coins in the series, the jump between 64 and 65 is more than 10X. If you don't have lots of expertise in grading these coins, the plastic they are in could end up costing you plenty.
Another book to consider: Roger Burdette/A Guide Book of Peace Dollars.

johnny9434 · February 10, 2013 5:10AM

<< 

<< I just looked at the PCGS price guide.
I thought maybe 70 to 80% of guide or does that just go for moderns
I really want gem quality but might have to go 64 and 65 instead.
What would be a good read first?

Regards, Larry >>

70 to 80% of guide and quality aren't even in the same vocabulary as some of the S dates are tough!

Some books are listed below as there more out there -

The Morgan and Peace Dollar Textbook by Wayne Miller

Silver Dollars & Trade Dollars of the United States - A Complete Encyclopedia by Q. David Bowers

Comprehensive Catalog and Encyclopedia of Morgan and Peace Dollars by Leroy C. Van Allen and A. George Mallis

Here's a PQ MS64 as an example -

>>

thats a wicked nice 21, wtg

If you would like to do a Peace collection in MS65?

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