Back in December 2017, I put together my coin resolutions for 2018,, and the first one was to complete my Peace Dollar collection.
Twenty years ago, in 1998, I started working on getting the 24 coins needed to get all the Peace Dollars. Between 1998 and 2000, I went to local coin shows and collected 23 out of the 24 dollars, but in 2001, I was laid off from my job. Within a few months, I had to stop collecting coins as I couldn’t get a full time job. It wouldn’t be until 14 years later that I would start collecting again.
Time to Complete the Peace Dollar Collection
After finishing my Wartime Nickels collection, 11 uncirculated and 1 proof silver Jefferson Nickels between 1942 and 1945, I looked into getting the 24th Peace Dollar that I needed. I had the rarest one, 1928, but there was one that was still tougher to get, the 1934-S. There were only 360,000 dollar minted in Philadelphia for 1928, but with many of them kept in higher condition, one’s in Very Fine to Almost Uncirculated condition run between $300 and $350 and Uncirculated condition starts at $800. In contrast, there were over a million 1934-S minted and were used more in circulation than the 1928. So, 1934-S dollars in Very Fine to Almost Uncirculated run between $100 and $500 and Uncirculated condition starts at $2,000. That goes to show you that the rarest coin in a collection is not always the most valuable in certain grades.
With Help From My Local Coin Club
Anyway, I attended my local coin club on February 21, 2018, and found that one of the auction items was a choice AU 1934-S Peace Dollar. I had saved about half of the money since December, but I took out the other half and said if no one else bid for it, then I would. Well, as you may have guessed, no one did bid for it, and I won the coin. Twenty years after I started the collection, I finally completed it. If you decide to start collecting, or have been collecting for a short time, I suggest looking for a local coin club. You can get a lot of information from lectures or even individuals who attend often. There are usually people looking to sell coins and some of them have auctions which may help you with your collection like it did me. One of the nicest thing about being a member of a coin club is I can trust my fellow members. One coin I would not have purchased outside of a coin club or coin show is a 1934-S. There are counterfeits out there, and you need to be careful, especially with raw coins.
It Feels Good to Finish a Set
Not only am I glad to complete the Peace Dollars, but also relieved. Even though I only needed one more, I knew it would be tough for me to get. Every time I looked at my Peace Dollars folder, I would see that empty slot and wonder if it would ever be filled. Today, I can say mission accomplished!
Now that I can put my completed Peace Dollars folder away, what should I work on next?
A couple of years ago, I started put together a short set of Walking Liberty Half Dollars, This includes 20 half dollars between 1941 and 1947. So far, I have 3 of them in MS-64 condition. That leaves 17 to go. It should be difficult to complete, but it will take me a little time.
Last year, I also got a couple of the America the Beautiful Five Ounce Silver coins which are nice to look at. I might consider getting more of them in the future.
If you decided to collect coins, what would consider working on first? Is there a particular set you would consider collecting and completing? Let me know what you consider doing.