Toned peace Dollars

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krueger
krueger Posts: 946 ✭✭✭✭
in U.S. Coin Forum

In the November 2025 “Numismatist”
In an article “ Morgan vs Peace Dollars” page 73
By Mitch Sanders. He discusses reasons why there are few toned peace dollars.
Over my 50 years of collecting i have not seen many that i thought were originally toned ,but had been AT’d.

Any thoughts out there? This has been a controversial subject over time.

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  • The_Dinosaur_Man
    The_Dinosaur_Man Posts: 1,592 ✭✭✭✭✭
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    Generally, the vibrant toning seen on Morgans is not present on Peace Dollars. I've only seen one that had really nice rainbow coloring to it.

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  • Morgan13
    Morgan13 Posts: 2,693 ✭✭✭✭✭
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    I honestly dont think the surfaces are right for a peace dollar to develop nice color. Morgans from DMPL to business strikes have smooth surfaces. Peace dollars have really nice lustrous fields but they are not smooth like Morgans. I very much like the surfaces of Peace dollars and the luster is amazing.
    This is what I think anyway.

    Student of numismatics and collector of Morgan dollars
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  • Morgan13
    Morgan13 Posts: 2,693 ✭✭✭✭✭
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    @Floridafacelifter 42603985 certificate number isn't coming up. At least not when I tried.

    Student of numismatics and collector of Morgan dollars
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  • Floridafacelifter
    Floridafacelifter Posts: 1,401 ✭✭✭✭✭
    edited November 8, 2025 6:57AM
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    @Morgan13 said:
    @Floridafacelifter 42603985 certificate number isn't coming up. At least not when I tried

    The holder was cracked so it’s in the process of a resubmission and may get a new cert #- you know how long that can take

  • coastaljerseyguy
    coastaljerseyguy Posts: 2,130 ✭✭✭✭✭
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    I think I read that the acid baths used for Peace $ planchets were much more acidic then those used for Morgans and prevented the silver reaction with sulfur. Also they did not sit in the canvas bags for decades allowing the sulfur to react with the coin surface.

  • MFeld
    MFeld Posts: 17,135 ✭✭✭✭✭
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    @Floridafacelifter said:
    Not sure why there are so few around, but I have collected a couple of examples for the novelty of them!

    65+ CAC

    66

    Those are beauties!

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • anablep
    anablep Posts: 5,208 ✭✭✭✭✭
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    And just to add another thought, I actually prefer the challenge of finding toned Peace dollars over trying to find nicely toned Morgans tbh. Less dreck to wade through…

    Always looking for attractive rim toned Morgan and Peace dollars in PCGS or (older) ANA/ANACS holders!

    "Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."


    ~Wayne
  • Coins3675
    Coins3675 Posts: 1,139 ✭✭✭✭
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    I know there are some but they arent plentiful.

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  • WiscKau
    WiscKau Posts: 338 ✭✭✭✭✭
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    Some great coins above. This one has a little bit of tone,


  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
    edited November 9, 2025 8:09AM
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    Interesting pics. The 1923 PCGS cac 63 (top) of thread looks nice.

    Investor
  • MEJ7070
    MEJ7070 Posts: 956 ✭✭✭✭✭
    edited November 10, 2025 6:04AM
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    As long as we’re talking toned Peace dollars……..

    Is it just me, or are there more nicely toned 1923 Ps out there than any other date in the Peace dollar series?

    This is something I feel like I’ve definitely noticed over the years, but could be one of those things that’s just in my own head. Wondering if anyone else has noticed the same thing.

  • coastaljerseyguy
    coastaljerseyguy Posts: 2,130 ✭✭✭✭✭
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    @MEJ7070 said:
    As long as we’re talking toned Peace dollars……..

    Is it just me, or are there more nicely toned 1923 Ps out there than any other date in the Peace dollar series?

    This is something I feel like I’ve definitely noticed over the years, but could be one of those things that’s just in my own head. Wondering if anyone else has noticed the same thing.

    You could be right. The 23P had the 2nd highest mintage, 30MM+, and looking at other posts above, looks like the 22P has some nice toners, and they were the highest mintage at 50MM+. Together these 2 dates account for > 40% of the total Peace $'s minted. Maybe with so many minted, some original bags might have escaped release into public hands upon issuance and enjoyed a long time being exposed to the Mint bag sulfur content.

  • alaura22
    alaura22 Posts: 3,963 ✭✭✭✭✭
    edited November 10, 2025 11:16PM
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    .

    Mike
    My Indians
    Dansco Set

  • psuman08
    psuman08 Posts: 434 ✭✭✭✭
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    Not an Unc, but an attractive 1928S

  • SkyMan
    SkyMan Posts: 9,605 ✭✭✭✭✭
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    Toned Franklins

    U.S. Type Set
  • Acarroll
    Acarroll Posts: 244 ✭✭✭✭
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    @Morgan13 said:
    I honestly dont think the surfaces are right for a peace dollar to develop nice color. Morgans from DMPL to business strikes have smooth surfaces. Peace dollars have really nice lustrous fields but they are not smooth like Morgans. I very much like the surfaces of Peace dollars and the luster is amazing.
    This is what I think anyway.

    The surface texture of the metal definitely has an effect on how the sulfides build up and cause thin film interference. The die prep, general relief of the design, prestrike treatment of planchets, striking pressure, etc. are all factors that come into play.

  • Acarroll
    Acarroll Posts: 244 ✭✭✭✭
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    @airplanenut said:
    They’re definitely way tougher to find nice than Morgans. I’ve got two… one a monster and the other just really nice, especially given it’s a high relief.

    I could stare at that '21 for hours

  • MICHAELDIXON
    MICHAELDIXON Posts: 6,756 ✭✭✭✭✭
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    In the early 1970s I asked why there weren't any colorfully toned Peace dollars at the shows as compared to Morgans. The old dealer I asked said it was because of the baths the planchets for the Peace dollar received. I must agree with coastaljerseyguy when he said:

    I think I read that the acid baths used for Peace $ planchets were much more acidic then those used for Morgans and prevented the silver reaction with sulfur. Also they did not sit in the canvas bags for decades allowing the sulfur to react with the coin surface.

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  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
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    As a ballpark number what kind of premium would you attach to a toned Peace $?

    Investor
  • Coinscratch
    Coinscratch Posts: 11,086 ✭✭✭✭✭
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    This one has purple tones that match that part of the label. Not sure if that caused it. Successfully crossed to PC.

  • RedRocket
    RedRocket Posts: 1,938 ✭✭✭✭✭
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  • mirabela
    mirabela Posts: 5,199 ✭✭✭✭✭
    edited December 14, 2025 9:55PM
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    @psuman08 said:
    Not an Unc, but an attractive 1928S

    That color looks really dubious to me.

    This one came out of one of those old felted cardboard holders that was part of some bank promotion in the early 60's. I bought it raw at a show in NH about 20 years ago for $15.

    mirabela
  • GuzziSport
    GuzziSport Posts: 605 ✭✭✭✭✭
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    @Yorkshireman said:
    My NEWP

    That is a gorgeous ‘21. Really sweet, congrats.

    Other passions include golf, Moto Guzzi motorcycles, and Euro motorcycles in general.
    Chris

  • Cougar1978
    Cougar1978 Posts: 10,067 ✭✭✭✭✭
    edited December 17, 2025 9:26AM
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    Don’t any have toned Peace dollars. Am trying study how they priced. My major investor clients prefer brilliant super lustrous, PQ material, MS64 or higher.

    With all the news about AT coins here - staying away from the toner pond.

    Investor
  • Dave99B
    Dave99B Posts: 8,947 ✭✭✭✭✭
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    While I don’t personally collect silver dollars, if I see a nicely toned Peace while at a coin show, I’ll try and pick it up, and flip it on GC or eBay. They seem to have a real following. Lots of folks chasing them.

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
  • MEJ7070
    MEJ7070 Posts: 956 ✭✭✭✭✭
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    @EDL said:

    I regret selling this coin so much, I miss it everyday

    That’s a tremendous coin. More evidence to the idea that a huge percentage of the true monsters out there are 23 Ps

  • bolivarshagnasty
    bolivarshagnasty Posts: 7,359 ✭✭✭✭✭
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    I have yet to see a toned peace that I find attractive. Owned many toned morgans.

  • coinrainbows
    coinrainbows Posts: 32 ✭✭
    edited January 31, 2026 3:28PM
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    24 NGC fatty 64

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