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Walter Holmes
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Everything posted by Walter Holmes
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How do you grade Peace Silver Dollars?
Walter Holmes replied to TheCoinGuy66#'s topic in Newbie Coin Collecting Questions
Consider downloading the PCGS coin facts app. It will show you detailed pics for each grade. I agree with JKK not enough detail shown don’t buy from vendor. -
This will be my pleasure. I only purchase bullion coins from Fidelitrade a bullion investment firm. They provide a bid/ask price for each product. Their bid price is generally higher than spot which would reflect a slight premium. You can check them out at www.Fidelitrade.com. And open an account with them. They are not associated with Fidelity Investments. Here’s a screen shot of some of there prices and silver products. Prices change as spot price changes. The coin posted is an Ultra High Relief Proof Piedfort coin it was not sold as, nor intended to be sold as bullion. I only provide the above as an explanation of where to purchase bullion as an investor whether purchasing bullion coins in tubes, or bars. I am not a stacker, but will upon occasion invest in bullion if the daily and weekly quants suggest a buy signal. I am a traditional circulated coin collector. Once again, I will upon occasion invest in a modern coin that I find eye appealing and has piqued my interest regardless of the metal content. I also own coins made from cupronickel, titanium, sterling silver and platinum. Hope this answers your question.
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I realize NCLT coins are everyone’s game. It is a billion dollar industry and offers unique, limited issue products made with various metals ( i.e. silver, gold, titanium, cupro-nickel…). Are they expected to maintain their value like ASE’s or Royal Mint products? Probably not. They are,however, an extension of a circulated coin collection intended IMHO to bring diversification and pleasure to the individual collector.😊
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Since there was a limit of 3 per customer what are the chances of getting an MS 70. Also what happens if the eBay presale for MS70 doesn’t pan out. I think I’d hold the sellers feet to the fire and get one for me. I forgot to add silver content in original Morgan is .7734 Troy ounce, the 2021 silver content is .859. I believe weight for each is similar.
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You raise an interesting question regarding value which I had not really considered. Retail price is $250 USD I acquired for half of that price. It should maintain its value - I hope. Since this is the first UHR coin I own the dimensional aspects of it had me wonder about preservation. Do you think grading would substantially increase the value. Although I do not intend on letting it go from my collection. I do appreciate VKurtB’s mention that slabs and not air tight; as well as RWB’ s suggestion that it is preserved in the original container.
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5 minutes after these Morgan’s were released they began appearing on eBay as pre sales and ppl were buying them for upwards to $180.00. Just amazes me
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This is a 2020 proof 1oz .999 fine silver UHR piedfort coin commemorating the “The Mayflower” 400th Anniversary. Issue limit 650, weight 2 Troy ounces, diameter 50mm, mint Pobjoy. Issued on behalf of the British Virgin Islands. Came in capsule with presentation box and C of A. Question: to preserve coin and maintain value should it be graded. See pics
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Perfect is one thing, but careless handling of what they call BU uncirculated is quite another. These are quite noticeable gouges, scratches and dings on coins with a limit of 10000. Biggest disappointment was due to uniqueness of coins. Obverse has “P” privy mark and reverse has mint mark. The mint isn’t known for using a privy mark.
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That is indeed a beautiful coin!🤩 There must have been a gremlin making havoc and mayhem at the mints. Obviously, the eyes were a favorite place to scratch. Definitely send it back. I was advised today to let the mint know in advance if I want the coin graded. They will increase the price slightly due to extra handling and selection.
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I have reached out to the mint, customer service seems to lack in a similar fashion to their quality control. Yes, definitely damage to coins. Gouge on eyelid has removed frosted finish leaving a twinkle of shiny silver in her eye. Also under magnification long fine scratches on proof finish on flamingo similar to a slider. Here’s pic of eyelid damage, but couldn’t get the twinkle. Just a real disappointment.
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I purchased 5 coins from a mint in UK. Thought of having them graded. Mintage 10,000. They are referred to as a proof, reverse frosted. On 3 coins there is either a scratch of gouge on the reverse design. They are PL quality, but I’m not sure how damage would effect grading. Any thoughts would be appreciated. Thanks
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1928 -P Peace Dollar
Walter Holmes replied to Walter Holmes's topic in Newbie Coin Collecting Questions
I checked again under magnification no mint mark -
1928 -P Peace Dollar
Walter Holmes replied to Walter Holmes's topic in Newbie Coin Collecting Questions