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1924 Peace Dollar

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 Posted 10/13/2009  11:11 pm  Show Profile   Bookmark this reply Add echizento to your friends list
Detail wise the coin looks MS-63, however the dark stains are going to lower the grade somewhat. You can try some acetone on the spots.
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 Posted 10/13/2009  11:26 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
I'm going with MS64. Nice dollar!
swcoin.ecrater.com
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 Posted 10/14/2009  03:17 am  Show Profile   Bookmark this reply Add busthalf to your friends list
Again what looks like wear to me is going to be weak strike. If it is wear AU-50 if not MS-63. The black spots keep mthe grade down.
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 Posted 10/14/2009  12:30 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
Couple thoughts:

Peace dollars are, like Seated coinage, kinda mushy in the details especially on the obverse. In the grand scheme of things, this one is pretty strongly struck. Obverse lettering is prominent - there's nice delineation at the edges where a weakly-struck coin would be less sharp and show flattening on LIBERTY - and although the center of the obverse is kinda washed out by the lighting, the lower hair details look very strong.

Now, look at the reverse. See the few very bright spots in the feathers? This is a hint to me about the nature of the lighting, and the important takeaway is that a worn coin, in this lighting, would either show more such highlighted areas, or none at all. I'm believing that the highlighted spots are the only rubs on a Mint State coin, so I conclude that this one is Uncirculated.

KisNap chose to light this one from almost-vertical, which would mask some chatter in the fields. There would be color breaks, though, if not visible gouges, and there's darn little to be seen. The little vertical gouge at 3:00 near the end of the hair is the only really visible mark in the fields, and I see another vertical mark below the eye (in the second pic). On the reverse, there are three small gouges on the wing, only the center of which really strikes the eye, and possibly a hit on the end of the are in DOLLAR.

Purely on technical merit, not considering the spots yet, I believe this coin is MS65 all day. This is not a difficult grade for 1924-P, a point to take into consideration when thinking about how a TPG would grade it (and that's my practice when grading).

On to the spots. I'm not willing to draw specific conclusions due to the lighting, and there are so many differing causes/possibilities for such spots that one must prefer to have the coin in-hand before saying anything definitive. As biokemist said, the difference between carbon spotting and corrosion would not be visible here, while making a big difference in how a TPG would react to the coin. An acetone dip (using the strict safety procedures we've talked about here dozens of times) would be recommended for this one; it would help to identify the nature of the spots.
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 Posted 10/14/2009  6:59 pm  Show Profile   Bookmark this reply Add KisNap to your friends list
Thanks SuperDave for that great response. How would a dip in acetone affect the value of the coin? Am I better off leaving it?

Here's another Peace dollar I have which from what I can tell is a semi-key date. This looks similar to the other one but the reverse looks a little weaker to me. I thought this would be from wear, but you mentioned that the Peace dollars often got a weak strike.

How would this one grade?

1924-Peace-Dollar

1924-Peace-Dollar

1924-Peace-Dollar
Thanks again!
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 Posted 10/14/2009  9:09 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list

Quote:
How would a dip in acetone affect the value of the coin?

It will not affect the value at all since it does not interact with the metal. An organic solvent like acetone will only remove surface contaminants. Is it a 1927-S or is that just a spot under ONE? I would grade it EF-45 as long as there is a reasonable amount of luster still present. That one would probably benefit from an acetone bath as well, looks like it has quite a bit of circulation dirt.
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 Posted 10/14/2009  9:20 pm  Show Profile   Bookmark this reply Add KisNap to your friends list
Good eye. I didn't know where the mint mark was on the Peace dollar so I didn't even notice it. It's a "D" under ONE.
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 Posted 10/15/2009  10:35 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
If the lighting is identical between the two shots, I see the darker highlights on the wingtips and obverse hair to indicate wear, leading me to agree with biokemist's grade estimate.
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 Posted 10/17/2009  3:52 pm  Show Profile   Bookmark this reply Add KisNap to your friends list
Where can I get some acetone? From what I can see it's not available to the general public.
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 Posted 10/17/2009  3:59 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list
Paint supply or hardware stores carry it, the smallest quantity you can find will probably be 1 quart cans though. It should be 99+% pure but always do an evaporation test to check purity- pour a little bit in a clear glass container and it should evaporate with no residue left on the glass.

Always exercise due diligence in its use, just search the forum and you will find all of the precautions to take. As long as you are careful, it is safe to use for you and your coins.
Edited by biokemist6
10/17/2009 4:00 pm
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 Posted 10/19/2009  10:33 pm  Show Profile   Bookmark this reply Add KisNap to your friends list
Well, I took your advice and dipped the coins in acetone. Overall they look better. Do you think they'd benefit from a longer acetone bath? What do you think? Where would you grade them now?

1921
1924-Peace-Dollar

1924-Peace-Dollar

1924-Peace-Dollar


1927
1924-Peace-Dollar

1924-Peace-Dollar

Thank you
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 Posted 10/20/2009  02:45 am  Show Profile   Bookmark this reply Add Tykimeister to your friends list
that 1924 looks really nice after the bath.
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 Posted 10/22/2009  9:57 pm  Show Profile   Bookmark this reply Add KisNap to your friends list
I think they look pretty good and much better than they did, but is the 1924 good enough to hit MS65?
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 Posted 10/22/2009  10:57 pm  Show Profile   Bookmark this reply Add Moe145 to your friends list
Nice Peace dollar!

I agree this coin is particularly well struck.

IMO, I, however, don't see this coin grading over MS62.

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 Posted 11/13/2009  01:25 am  Show Profile   Bookmark this reply Add busthalf to your friends list
I'm going to have to say MS-63. The acetone dip did help, but I will have to go with MS-63
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