Thursday, January 12, 2012

Rare Coins USA: Peace Dollars

Among the most beautiful rare coins of the USA, Peace dollars were struck from 1921 to 1928, and again from 1934-1935. There are 24 coins in the full date and mintmark Peace dollar series.


A representative mintmark set of Peace dollars is 3 rare coins, one struck at each of the branches of the US Mint at that time: Philadelphia, Denver, and San Francisco.

The 1921 Peace dollar, the first in the series, is also one of the key dates of the series. It is thought by most people to be the third-toughest date in the series. The 1928 and 1934-S are the other two toughest dates.

Getting the highest grade coins you can is important in all or almost all series, and maybe even more true of Peace dollars, as most are average or below average strikes.

To find well struck Peace dollar examples is rare, and also grades of 64 and above are quite rare, for the tougher dates.

Even so, a full set of Peace dollars, all 24 coins minimum MS-62 except the key dates 1921, 1928, and 1934-S could be minimum MS-60, could be a nice long term goal.

Some of the most common dates could even exceed MS-62, I had at least a few Peace dollars that were graded higher than MS-62 in the set I had been assembling some years ago.

Experience in grading Peace dollars specifically will be enormously helpful, especially in the mint state range, where some dates the difference between AU 58 and MS 60, and also the difference between 62 and 63, and between 63 and 64, and for that matter 64 and 65, and etc.

It might be best to buy NGC, PCGS and ANACS graded coins at least until you gain sufficient personal experience in coin grading. You may want to consider NCS, Numismatic Conservation Services if you have any coins that are in a situation of degrading, they did a very nice job with a 1924 MS-63 Peace dollar of mine that had suffered PVC degradation.

Peace dollars are some of the most beautiful USA rare coins for sure.

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