Peace Dollar Collection

I have never submitted a coin to be graded. I have a complete collection of Peace Dollars and some of them are very nice. I am going to post them here and ask for suggestions. Do I take them out of the Dansco and get them graded or leave them alone?

 

Log in or Sign up to hide this ad.

They seem like very nice coins, but do you have a specific reason for slabbing them. such as selling them? Otherwise I don't see how putting them in slabs increases your enjoyment of your set.

 

Thanks, that is how I feel at the moment. However, I am 80 years old and am also thinking about my estate.

 

The keys are probably worth getting slabbed. The 1922, 1923, 1924, and 1925 probably not unless you can get a deal for submitting the whole collection.

 

Wow, Inspector.... That's a tough call.... You do appear to have some better examples of the important dates. But a complete Dansco Peace Dollar collection is a sight to behold..... I rather feel like your 1928 may benefit by being slabbed. There are some fairly dramatic value jumps between grades.... Maybe you could pull that one and replace it with a lower quality coin to keep your set together? I dunno.... That's a personal call, but the 28 I do think merits a slab.

 

Thanks Randy. I did have an expert assess the 27 and the 28 without slabbing. The 27 was declared MS-61 and the 28 was declared MS-63. Tough call all the way. I have a complete set of nickels, dimes, halves and dollars for the 20th Century. All in albums. Appreciate your feedback.

 

The 27 is a good date, but the 28 is the cream of the Peace dollar series. Just taking a quick look at the PCGS price guide, there is an $800.00 swing in value between MS60 and MS64.

 

Wow, I didn't realize that. I got these a long time ago. Some from banker friends for a dollar each. Some I traded for. Some I bought way back when they were less popular. Therefore, I have no idea what I have in them.

 

Because you've a complete set, I'd get them all graded, if that's how you're leaning. Grading just a few is just odd if it's a complete set.

 

My complete set is also ungraded, and I have had the same thoughts as you. My decision is to leave them be; however, I do agree that it for be all or none for slabbing. I went back and forth on this for a couple of months, with no right or wrong to me.

I bought mine a decade or so agp over about a four month period. Even then they were a lot cheaper than now. I have no doubt they are worth more than I paid, and I am at peace with my decision. My heirs can decide what they desire to do.

 

You are considerate to be thinking of your heirs as you make this decision. Eight years after my father died I have just recently gotten around to selling off a collection that my grandfather left to him and the additional U.S. Mint products that my dad bought in later years. A set of 20th century silver coins in an album is not so hard to sell ungraded. The Peace dollar album my sister and I inherited did not include nearly as nice a 1928 as yours but we were satisfied with what we got for the unbroken set, which sold on eBay for close to $1500. A Morgan dollar collection in albums has entailed a whole lot of research to pick out the coins worth consigning to an auction house that would get them slabbed before sale. After that we're left with lots of coins with values in the $35-65 range.

Any collector should ask himself whether he will be passing along a valuable legacy to his family or a lot of time-consuming "de-collecting" work that they didn't ask for. I have mixed feelings, since I was a coin collector as a kid but gave it up, only to have a big collection land in my lap decades after the collector (grandpa) died. Now that I am retired I can get a little enjoyment out of the process of passing along the inherited coins to people who actually want to own them. But it would have made more sense (including financially) for the collector to have done this while alive.

Stuart

 

What a very nice set! I know what you mean about your estate but if they were mine, I leave them as is in the Dansco. I would include a note with every date and mint mark as to the grade and today’s value. Your local LCS should be able to assist you in this. Even a key or semi-key date is worth grading but not all of them are worth the cost to do so. If you only graded the key, the 1928, then you have a hole in the set. I think it’s much more impressive as it is.

 

Thanks. You make a good point. The only coin graded in my Mercury Dime set is the 16-D. There is a hole in the album and it bugs me.

 

I actually talked my dealer into selling me a counterfeit 16-D dime that he had in his safe for years for exactly the same reason. Holes bug me too.

 

Those holes drive me nuts. And when you have an expensive coin, a lower grade looks out of place and ruins the set. I know as I’ve been there.

 

I have two in lower grades that are graded and 2 more in lower than low grades to fill those holes. All 1916-D Mercury Dimes. If there’s a hole in an album or folder, it’s a big problem and I’m not happy until it’s plugged.

 

Congrats on completing your collection.

 

Congrats on completing your collection.

 

I'll tell you, really, that's how I'd look at it.

 

I'm not sure if I could find an LCS I can trust. I took the 27-P and the 28-P to a popular shop in Houston a few years ago to get an idea of grade. They told me that neither one of them were work much. I think we all know better than that.