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1924 Peace Dollar- PO-1?

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nickelsearcher's Avatar
United States
15441 Posts
 Posted 05/31/2015  09:09 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
If it were my coin, and based on what you have stated, I would submit it after satisfying two additional items ...

There is a lot of fine surface scratching visible in the photos. I would examine the surfaces closely and satisfy myself they are the result of circulation wear and not a wiping/cleaning.

Circulation wear scratches generally go in random directions across the coins surface, while cleaning scratches generally are consistent in direction.

Secondly ... I would closely examine the area on the reverse fields to the right side of the eagle's legs.

I would satisfy myself those incuse marks are not the result of someone in the past 'tooling' the coin.

Either of the two items above (cleaning and damage) would preclude certification even if the lack of a mint mark can be established.

Best of wishes should you decide to make the attempt ... be advised that I have as many (perhaps more) Code 86 Peace dollars (authenticity unverifiable)from PCGS as I have PO01 examples!

David
Take a look at my other hobby ... http://www.jk-dk.art
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Connor's Avatar
United States
2130 Posts
 Posted 05/31/2015  09:34 am  Show Profile   Bookmark this reply Add Connor to your friends list Get a Link to this Reply
I truly believe that we are looking at circulation scratches instead of cleaning scratches. As far as the marks beside the eagle's leg....I don't really know a lot about tooling. I'm not really sure if it is as a result of tooling or not.

I have never submitted a coin in my life before so I guess I am going to need to try to find a coin shop in the eastern NC area that would submit it for me.

Another question...does PCGS still put the coin in a slab if it gets the Code 86? or do they just return it as is?
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nickelsearcher's Avatar
United States
15441 Posts
 Posted 05/31/2015  09:47 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
PCGS will return a Code 86 coin in a plastic flip and will not place it in a holder. The flip gets labeled 'Authenticity Unverifiable'. DAMHIKT.

PCGS will holder a 'Details' coin (cleaned, damaged) with an approximate grade. The holder will state 'Genuine Not Gradable'

If you run into troubles finding a dealer I'd be willing to help out a fellow CCF member and submit the coin on your behalf as part of my next submittal to PCGS.

David
Take a look at my other hobby ... http://www.jk-dk.art
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 05/31/2015  10:10 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
There's no assurance that this coin would_not receive a righteous P01 grade; there just isn't sufficient information available from the images to confirm one way or another. I quite doubt it would, as there's too much wear where the mint mark would be to ever be sure in my opinion, but without very careful imaging and/or the coin in hand I wouldn't be certain.

I saw the hairlines as well, and chances are this one's been brushed heavily (kind of doubt that blackness where the brush couldn't reach is the only place it originally was) but the same caution as above still applies. Not enough information to be sure.

Peace dollars are a bear to make P01 from because of the mint mark location.
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