Lets see:
Real estate way over valued
Stocks way over
Gold & silver pretty darn high
Art way over
popular coins ...........(fill in the blank)
Seems pretty normal at this time to me
Where I live real estate has been in the doldrums since 2006 and now its popping, the same can be said of coins
@trueblood said:
Lets see:
Real estate way over valued
Stocks way over
Gold & silver pretty darn high
Art way over
popular coins ...........(fill in the blank)
Seems pretty normal at this time to me
Where I live real estate has been in the doldrums since 2006 and now its popping, the same can be said of coins
Maybe it isn't the assets that are overvalued, but the dollars that were overvalued for a long time are now dropping in value?
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
@trueblood said:
Lets see:
Real estate way over valued
Stocks way over
Gold & silver pretty darn high
Art way over
popular coins ...........(fill in the blank)
Seems pretty normal at this time to me
Where I live real estate has been in the doldrums since 2006 and now its popping, the same can be said of coins
Yeah. I don't really understand the real estate. I'm in upstate NY. We've been losing population in NY. Yet all of a sudden, real estate jumps 30% and people are doing no inspection, cash deals.
@trueblood said:
Lets see:
Real estate way over valued
Stocks way over
Gold & silver pretty darn high
Art way over
popular coins ...........(fill in the blank)
Seems pretty normal at this time to me
Where I live real estate has been in the doldrums since 2006 and now its popping, the same can be said of coins
1) Two swallows do not make a summer.
2) The market can stay irrational for longer than your money can hold out.
3) Something else that sounds wise but offers no operationally-useful insights.
edited to add:
The price realized for the '34-P is for a two point upgrade by a dealer who regularly views GC lots in-hand
Or a bidiot
Or, while surely not our own Ursa Major (The Big Dipper, @ricko), perhaps by one of his fan-boys intoxicated by this effulgent manifestation of argent intensity * -
noted as an effulgently indulgent manifestation of the quasi-cataloguer's descriptively intense hyperbole.
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
noted as an effulgently indulgent manifestation of the quasi-cataloguer's descriptively intense hyperbole.
CJ, be nice to JK, or are you downgrading him to a 'quasi'?
Certainly not. JK's descriptions are less pretentiously and more elegantly expressed. Of even greater worth, they actually contain facts!
In a back-handed attempt at false humility, I was parodying myself as the "quasi-cataloguer".
As has often been the case with coin dealers: guilty, but not what you suspect me of.
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
Anyway, at least these are NICE coins. I saw what appeared to be a savvy albeit youthful flipper at FUN negotiate his way to purchasing an XF details-Polished '21 Peace dollar all the way down to $150. Ahh, the optimism of youth! I figured he was diversifying away from meme stock and crypto profits....
She says it's a big coin, the nicest coin in my collection, and I don't need the money. Her last words were, "And don't try to sell it behind my back! I'm going to ask you in five years to see that 1921 Peace dollar with the beautiful hair and toning again."
What can I say. She has had only minimal interest in my coins.
@DisneyFan said:
My wife won't let me sell my MS65.
She says it's a big coin, the nicest coin in my collection, and I don't need the money. Her last words were, "And don't try to sell it behind my back! I'm going to ask you in five years to see that 1921 Peace dollar with the beautiful hair and toning again."
What can I say. She has had only minimal interest in my coins.
Find a 22-P in 66 with similar color. When she expresses confusion 5 years from now, lie through your teeth.
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
@DisneyFan said:
My wife won't let me sell my MS65.
She says it's a big coin, the nicest coin in my collection, and I don't need the money. Her last words were, "And don't try to sell it behind my back! I'm going to ask you in five years to see that 1921 Peace dollar with the beautiful hair and toning again."
What can I say. She has had only minimal interest in my coins.
Find a 22-P in 66 with similar color. When she expresses confusion 5 years from now, lie through your teeth.
That will not work! she immediately picked up on the high relief and 1921 is a significant year to her.
Nope. Just a few nice ones that I’ve stumbled upon. No regrets about selling the set either. I used the proceeds to build a huge shop/man-cave. The value of that thing (for personal enjoyment & strictly financially) is many multiples of what the dollars would have sold for even today.
@DisneyFan said:
My wife won't let me sell my MS65.
She says it's a big coin, the nicest coin in my collection, and I don't need the money. Her last words were, "And don't try to sell it behind my back! I'm going to ask you in five years to see that 1921 Peace dollar with the beautiful hair and toning again."
What can I say. She has had only minimal interest in my coins.
Find a 22-P in 66 with similar color. When she expresses confusion 5 years from now, lie through your teeth.
That will not work! she immediately picked up on the high relief and 1921 is a significant year to her.
Dear Abby called. She said you've got a helluva nice '21 Peace dollar and wishes you many years of joyful contemplation.
"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf." - Geo. Orwell
Look you cannot deny the demand that currently exists, maybe currently is the operative here. But once demand wanes we are back to typical summer doldrums. The increasing whales how ever do not hurt. Peace dollars are now 100 years old , historically that causes demand amongst collectors although the 1909 Lincoln was expected to be a hit and it ended up not, or if anything very short lived. The Peace is a bigger piece of silver which captures far more interest. Lets see how long this upswing continues for and if it has legs like real estate, stocks, comics, are blah blah blah
The 1921 was a superb coin - it attracted a lot of interest due to the quality. I don't believe that is the new price for regular 1921 Peace Dollars, even though they are very strong at the moment.
@ianrussell said:
The 1921 was a superb coin - it attracted a lot of interest due to the quality. I don't believe that is the new price for regular 1921 Peace Dollars, even though they are very strong at the moment.
Regards,
Ian
For all the talk about "I buy the coin, not what the slab or sticker says", it seems that people will look at a sale (like this one) and generalize about this series being overpriced. We should not be surprised that a superb high quality coin like this one went for a strong price. Nor should we assume this collector is buried or overpaid.
You can still find really nice '21s raw without that much work or luck. I have two going in for grading soon, one of which I think is a shot MS65, but more likely 64.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
@trueblood said:
Lets see:
Real estate way over valued
Stocks way over
Gold & silver pretty darn high
Art way over
popular coins ...........(fill in the blank)
Seems pretty normal at this time to me
Where I live real estate has been in the doldrums since 2006 and now its popping, the same can be said of coins
Although likely not as noticeable in hand, I see some things around the tiara that would make me hesitant on laying top dollar down on that 1921 in 65. There were 4 bidders over the 4k range but i'm sure that has a lot to do with the cac status.
@Cougar1978 said:
That buyer is buried in it big time. The seller must be thrilled. Sell them off.
You, like the rest of us, have no idea whether he's buried.
He paid at least 2x CAC CPG that’s good enough (high price) for me lol. Go buy it from him then. You have no idea he’s not.
Correct, I have no idea that he's not. But unlike you, I didn't make such a pronouncement, one way or the other. Two other examples have sold for in excess of $6000 since April.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@trueblood said:
Lets see:
Real estate way over valued
Stocks way over
Gold & silver pretty darn high
Art way over
popular coins ...........(fill in the blank)
Seems pretty normal at this time to me
Where I live real estate has been in the doldrums since 2006 and now its popping, the same can be said of coins
The money supply has increased astronomically over the last 18 month. It's flooded into equities, housing , commodities and probably trickled down to coins.
The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
Comments
Bad time to be a buyer of these. Just like new houses in my area. Unreal.
If you have Peace Dollars that you are looking to sell, now is the time.
Builders in my area are telling clients costs could increase up to 30% on new construction unless they get all materials pre-purchased.
Damn, $6k $7k for an MS65 1921...
Collector, occasional seller
Wow.... Glad I do not need any of these right now.... Some collectors will be buried for a while.... Cheers, RickO
It might be people have money and don't care how they spend it.
7K. Don't forget about that buyers fee...
Of course I sold my set a couple of years ago
This was the last set I built all in OGH with varieties
https://www.pcgs.com/setregistry/u-s-coins/peace-dollars-major-sets/peace-dollars-circulation-strikes-1921-1935/alltimeset/104419
11.5$ Southern Dollars, The little “Big Easy” set
Lets see:
Real estate way over valued
Stocks way over
Gold & silver pretty darn high
Art way over
popular coins ...........(fill in the blank)
Seems pretty normal at this time to me
Where I live real estate has been in the doldrums since 2006 and now its popping, the same can be said of coins
Maybe it isn't the assets that are overvalued, but the dollars that were overvalued for a long time are now dropping in value?
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
Yeah. I don't really understand the real estate. I'm in upstate NY. We've been losing population in NY. Yet all of a sudden, real estate jumps 30% and people are doing no inspection, cash deals.
Yea I think it’s time to sell, not buy these coins.
...and then there's this: https://comics.ha.com/itm/video-games/super-mario-64-wata-98-a-sealed-n64-nintendo-1996-usa/a/7261-28137.s?ic4=GalleryView-Thumbnail-071515
1) Two swallows do not make a summer.
2) The market can stay irrational for longer than your money can hold out.
3) Something else that sounds wise but offers no operationally-useful insights.
edited to add:
The price realized for the '34-P is for a two point upgrade by a dealer who regularly views GC lots in-hand
Or a bidiot
Or, while surely not our own Ursa Major (The Big Dipper, @ricko), perhaps by one of his fan-boys intoxicated by this effulgent manifestation of argent intensity * -
noted as an effulgently indulgent manifestation of the quasi-cataloguer's descriptively intense hyperbole.
this is one of the good things about getting old, is living through many of these ups-n-downs across all business sectors.
And here comes a new wave of very high grade Peace $ at HA, many with CAC stickers, at next month’s ANA auction- reminds me of the Walkers
The 21 looks exceptionally well struck to my eyes, may have influenced the bidding.
That and the magic green bean.
pass at that price
@ColonelJessup said:
CJ, be nice to JK, or are you downgrading him to a 'quasi'?
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Certainly not. JK's descriptions are less pretentiously and more elegantly expressed. Of even greater worth, they actually contain facts!
In a back-handed attempt at false humility, I was parodying myself as the "quasi-cataloguer".
As has often been the case with coin dealers: guilty, but not what you suspect me of.
CJ,
In this hobby, one should suspect everyone.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
If I was doing a high-grade Peace dollar set right now, I wouldn't.
Tempted to send in my PCGS MS65 CAC full-strike ‘21 Peace dollar to Ian.
The time is now if you have the right material with G.C. to sell sell sell!!
I sold all four of mu 1921's for a tidy profit with GC in the past few months. One of them was for an obscene profit.
Somewhere around $7k with the juice for a '21 in 65 with a green bean?
Too bad it's not in a fatty slab
--Severian the Lame
**our own Ursa Major (The Big Dipper, @ricko), **
That's funny, right there....
Anyway, at least these are NICE coins. I saw what appeared to be a savvy albeit youthful flipper at FUN negotiate his way to purchasing an XF details-Polished '21 Peace dollar all the way down to $150. Ahh, the optimism of youth! I figured he was diversifying away from meme stock and crypto profits....
Claude Raines took a different view.
So is this going to be the beginning of a beautiful friendship?
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Only if we go back on topic. This issue, and the issues this issue is having, will likely never be discussed again.
After October or so of 2022.
My wife won't let me sell my MS65.
She says it's a big coin, the nicest coin in my collection, and I don't need the money. Her last words were, "And don't try to sell it behind my back! I'm going to ask you in five years to see that 1921 Peace dollar with the beautiful hair and toning again."
What can I say. She has had only minimal interest in my coins.
Find a 22-P in 66 with similar color. When she expresses confusion 5 years from now, lie through your teeth.
If it feels this good getting buried. Shovel away!
That will not work! she immediately picked up on the high relief and 1921 is a significant year to her.
you still have your collection of peace dollars ?
I give away money. I collect money.
I don’t love money . I do love the Lord God.
Nope. Just a few nice ones that I’ve stumbled upon. No regrets about selling the set either. I used the proceeds to build a huge shop/man-cave. The value of that thing (for personal enjoyment & strictly financially) is many multiples of what the dollars would have sold for even today.
.> @DisneyFan said:
Dear Abby called. She said you've got a helluva nice '21 Peace dollar and wishes you many years of joyful contemplation.
Look you cannot deny the demand that currently exists, maybe currently is the operative here. But once demand wanes we are back to typical summer doldrums. The increasing whales how ever do not hurt. Peace dollars are now 100 years old , historically that causes demand amongst collectors although the 1909 Lincoln was expected to be a hit and it ended up not, or if anything very short lived. The Peace is a bigger piece of silver which captures far more interest. Lets see how long this upswing continues for and if it has legs like real estate, stocks, comics, are blah blah blah
The 1921 was a superb coin - it attracted a lot of interest due to the quality. I don't believe that is the new price for regular 1921 Peace Dollars, even though they are very strong at the moment.
Regards,
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
For all the talk about "I buy the coin, not what the slab or sticker says", it seems that people will look at a sale (like this one) and generalize about this series being overpriced. We should not be surprised that a superb high quality coin like this one went for a strong price. Nor should we assume this collector is buried or overpaid.
That buyer is buried in the 1921 $ big time. The seller must be thrilled. Sell them off.
You, like the rest of us, have no idea whether he's buried.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I just don't get this market.
You can still find really nice '21s raw without that much work or luck. I have two going in for grading soon, one of which I think is a shot MS65, but more likely 64.
Professional Numismatist. "It's like God, Family, Country, except Sticker, Plastic, Coin."
He paid at least 2x CAC CPG that’s good enough (high price) for me lol. Go buy it from him then. You have no idea he’s not.
The video game market makes no sense right now.
Collector, occasional seller
Although likely not as noticeable in hand, I see some things around the tiara that would make me hesitant on laying top dollar down on that 1921 in 65. There were 4 bidders over the 4k range but i'm sure that has a lot to do with the cac status.
Correct, I have no idea that he's not. But unlike you, I didn't make such a pronouncement, one way or the other. Two other examples have sold for in excess of $6000 since April.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I spoke to the winning bidder yesterday - and he is very happy with his purchase.
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
The money supply has increased astronomically over the last 18 month. It's flooded into equities, housing , commodities and probably trickled down to coins.