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What Am I Missing? 1934 Peace Dollar MS-60.

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Pillar of the Community

United States
1180 Posts
 Posted 04/03/2026  3:15 pm Show Profile   Bookmark this topic Add LibertyEagle20 to your friends list Get a Link to this Message Number of Subscribers
Picked this up the other day. I'm really confused how this only graded ms60. Nice cartwheel luster. No major marks. Man I would have thought it was a 62 or 63. What am I missing? Old soapbox anacs so maybe they were super conservative? Most 60s I've seen have marks and dings all over!!
What-Am-I-Missing?-1934-Peace-Dollar-MS-60.
What-Am-I-Missing?-1934-Peace-Dollar-MS-60.
What-Am-I-Missing?-1934-Peace-Dollar-MS-60.
What-Am-I-Missing?-1934-Peace-Dollar-MS-60.
Pillar of the Community
United States
1180 Posts
 Posted 04/03/2026  3:17 pm  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply
For reference the only "major mark/scratch" I see is above the word "one" on the reverse. That's all I can find. I've seen other 61s and 62s with way worse marks.
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fortcollins's Avatar
United States
3619 Posts
 Posted 04/03/2026  3:56 pm  Show Profile   Bookmark this reply Add fortcollins to your friends list Get a Link to this Reply
Peace dollars are graded strictly. TPGs see a large number of them. have just 30-ish seconds to grade them, and many of them are baggy. IMHO, the TPGs look at the number, location, and severity/depth/recency of the contact marks and scratches.

With that in mind, take a look at these areas of your coin. These may be some what the TPG focused on. On the obverse, notice the two intersecting scratches on the cheek, the longer scratch on the throat, the nicks on the chin, and the nicks on the eyelid. These are in the visual center of the coin. There are also a couple scratches in the hair, aligned with matching scratches on the obverse rim at 1:00. There also may be a scratch in the field immediately below WE, although the lighting makes that difficult to see. The obverse roughness could be from a rusted die or it could be surface conditions. I can't see the affected areas clearly, but since you have the coin in hand, look at the areas near the "L" of LIBERTY and just to the left of the lower neck. in the field below WE. On the reverse, notice the two contact marks across the eagle's shoulder, the scratch through the "O" in OF and the adjoining area of the rim, the numerous small marks on the rear tail feathers, the scratch on the rock above PEACE, the somewhat recent scratches on the "T" of UNITED and "P" of PLURIBUS, and the scratch you mentioned above ONE.

Again, there are quite a few small scratches, but they add up. Several are on Liberty's face and the eagle, which are the most central design areas. And a couple of them may be newer and more reflective.

MS-60 is a tough grade, but a lot of Peace dollars are in that 60/61 range with marks that wouldn't drop a Morgan dollar to that level. They do get graded more strictly.

Just a few thoughts on what I think the TPG saw. Others may very well see this coin differently.
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Marv65's Avatar
United States
10470 Posts
 Posted 04/03/2026  5:27 pm  Show Profile   Bookmark this reply Add Marv65 to your friends list Get a Link to this Reply
Jeez, strict grading or not - from those pictures it doesn't look like your average MS60 grade.
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Bud250r's Avatar
United States
824 Posts
 Posted 04/03/2026  7:19 pm  Show Profile   Bookmark this reply Add Bud250r to your friends list Get a Link to this Reply
Looks like a good strike.
Minimal bag marks.
Should be a 63.
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panzaldi's Avatar
United States
18627 Posts
 Posted 04/04/2026  09:34 am  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
i have to agree with FC on this one. Peace dollars are not graded in the same vain as morgans. they are more strict with all the grading components. especially the surface preservation. my first thought was the fields. as FC stated it could be die related but it affects both sides. especially noticeable on the obv left field and the fields to left of the eagle. FC has already outlined the marks etc. surface preservation on these appears to carry heavier weighting when grading. most novices get burned when purchasing these raw

MS60 might be low but I cant see this one at MS63 at all. if you would not have posted the grade in the comments I would have graded this one MS61
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One50's Avatar
United States
361 Posts
 Posted 04/15/2026  12:16 am  Show Profile   Bookmark this reply Add One50 to your friends list Get a Link to this Reply
Buy the coin not the grade. If you got this for MS60 price, good for you. It's beautiful.
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