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slybluenote's Blog

29 Apr 2021

More Peace Dollar Hoards?

Coins-United States | slybluenote

Good afternoon folks!

This is not the usual time that I blog, but I've been pretty busy today "weeding" my collection. I haven't posted for some time now due to a couple of reasons: 1) Tax time was extended to May, 2) My account manager requested I forego purchasing items for my collection for a couple of months, and 3) I have two small puppies of which one just got spayed. I did update my Peace Dollar collection today and added 5 more items that were previously purchased and were laying on my jewelers tray. They were a 1921, 1923-S, 1924, 1925, and a 1934-S. They were all 38.1 mm, they all weighed approximately 26.73 grams, were all designed by Anthony de Francisci, and were composed of 90% silver and 10% copper. All of these dollars were of different grades. Check out the pictures and let me know what you think.

The main reason I wanted to check in with everyone is that I did "break" one of the reasons above. I ran across a Peace dollar that came from what the seller says is called the "Gettysburg Hoard". I immediately went and checked my copy of A Guide Book of Peace Dollars, 4th edition, updated and revised and sure enough, there wasn't a hoard by this name listed. On page 134, the Redfield, GSA, and Binnion hoards are mentioned but not the Gettysburg hoard. I had previously put a GSA Peace dollar in my wish list at this company. When I saw their advertisement about the Gettysburg hoard, the temptation was too great! According to their website, "The Peace Dollar has always been one of the most popular coin among collectors... but they have become even harder to find in uncirculated condition in more recent years! Luckily, our team discovered a small hoard while at the coin show in Gettysburg, Pennsylvania! We purchased several bags of about uncirculated silver dollars, and what we found inside those bags was astonishing...more than a few of these Peace Dollars were still in stunning uncirculated condition after all these years!" I'm really surprised the company didn't send these dollars to a "TPG" and then sell them for "BIG BUCKS"! My antenna went up and now I'm starting to think something smells "fishy" here. Of course it's too late to change my mind. I now own a GSA Peace dollar and a Gettysburg Peace dollar. Oh well, now I only need one from the Redfield hoard and the Binnion hoard.

In conclusion, I had my second Covid vaccination on 6 March, so I was safe 2 weeks later. It's my hope and prayer that EVERYONE takes the shot so that America can get back to some kind or normal soon. It's my opinion that spring has sprung here in central New York. I got part of the back yard fenced in for the puppies, and the leaves are starting to come back on the trees. Enjoy the pictures and if you haven't got it yet, GET THE SHOT! Until next time my friends, stay safe, HEALTHY, and coronavirus free!

Charlie aka slybluenote

P.S. Here's the web address where I learned about the Gettysburg hoard:

https://myemail.constantcontact.com/An-Unexpected-Silver-Dollar-hoard-from-Gettysburg--The-Uncirculated-Peace-dollar-discovery-.html?soid=1118715500305&aid=7gWA9GjFKQE

or:

https://www.collectorsalliance.com/Default.asp




Comments

Mal_ANA_YN

Level 4

Neat no matter where they come from.

Mokie

Level 6

I kind of think of a hoard as something put away by a single person or institution for a very long time until discovered at someone's death or when cleaning an old bank vault. The Gettysburg hoard sound like maybe a little more engineered. But anyway, thanks for the blog, it was interesting as always.

Long Beard

Level 5

The possibilty exists for other hoards beyond Redfield and Binnion. Why? You must remember that with the arrival of the 1960's, silver as a bullion commodity rose rapidly, exceeding the face value of silver coinage. As a result, which lead not only to the clad composition in 1965 but also the need to strike more dollar coins as vaults were dangerously depleted. The casino industry in particular was putting pressure on the Treasury and Congress. Many people hoarded these in quantity, how much sadly met the smelting pot is hard to say.

Kepi

Level 6

Nice collection you have going there! Peace Dollars are the best! I have a couple from the Binion Hoard. Pretty cool! ; )

Mike

Level 7

How many were in a bag? Those strikes look really good. I smell a fish also. The peace Dollar strikes were weak and underrated for a while. Allot of Vams.! I also never hear of a Gettysburg hoard. Thanks. Don't polish them! The value will come down. And you can not fool the TPG. Thanks!!

Mr. B Coins

Level 4

I think it is a great story with a very appealing coin or coins, even with a fishy ending. Mr B

Golfer

Level 5

Beautiful collection of Peace dollars. very nice.

Longstrider

Level 6

Looks like a made up hoard to me. Doesn't really matter, it's still a Peace Dollar. Nice set you got going. I still need an MS High Relief 21 myself. hard to drop that much dough. Most are softly struck. Oh well. I do have a couple of Binion. My wife talked to the lady at the shop where we bought them. She was there in the vaults when they were open. Man does she have some juicy stories. Thanks Charlie. Well Done.

coinfodder

Level 5

Never heard of the Gettysburg Hoard. Not all books list all hoards. I am thinking the meaning of what a hoard is relative. Andrew

slybluenote

Level 5

I agree Andrew. The website did mention that it was a "small" hoard but that all Peace dollars were uncirculated.

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