I've owned this NGC MS62 1921
Morgan dollar for some time and have always been baffled by the grade given its spectacular luster, clean fields, and strong overall eye appeal. I pictured myself cracking and resubmitting it to receive a MS64 grade, or even simply submitting it to CAC and getting a gold sticker. Upon closer inspection, I believe that I might have been a fool.
As seen in the photographs, the coin exhibits several parallel scratches on the cheek. These scratches are not from a light cleaning, for more appear, facing in every direction (and not in a circular pattern), when the coin is rotated under a light. Rather, I believe that they may be indicative of the slightest bit of circulation--indeed, the coin's luster breaks on that very cheek, which is one of the high points of the design.
Feel free to voice your opinions on this specimen. Is it a slider that snuck its way into a 62 holder due to exceptional attributes, or is it truly under-graded?

