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 Replies: 25 / Views: 3,565 |
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Moderator
 United States
23522 Posts |
Well, the low Pop will be a problem. Graders know PL's are uncommon in 1921, and will hold subconsciously to a higher standard. Virtually all of them - all 3 mints - are covered with die polishing when you find them, especially radial hairlines at the denticles and prominent single lines going odd directions. I think the Mint adopted time-critical prioritizing to keep dies in service because of the huge production. Quick, hard swipes at polishing instead of careful work.
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New Member
 United States
47 Posts |
No doubt dave I studied this coin for 20 mins b4 purchase and even when I took it home I was iffy. To the untrained eye this coin looks wizzed polished cleaned. And I'mstill iffy on sending it in and wasting $ on it thats why I came here. I know somebody I can show it to on the show circuit ill just wait the few months until it comes back to town. pics dont.really do this thing justice either its just oozimg with a bright shiny metallic luster like ive seen on NO other 21 morgan
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Pillar of the Community
United States
3755 Posts |
It certainly is close. I would send it to ANACS and see what happens.
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Moderator
United States
23522 Posts |
Yeah, I'd have to take the risk. This is the stuff you live for.  |
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New Member
United States
47 Posts |
You said a mouthful dave. It was excilerating giving $50 for this coin sticking it in my pocket and thinking, you sir are an astute collector.... either way its a gambling habit AND an addiction to play the outwit/outsmart/upgrade/crackout game and this journey ive been on seems to get better and better as I become more knowledgeable.
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Moderator
United States
23522 Posts |
Heck, at $50 you probably have headroom even if it doesn't make PL. It's a pretty extraordinary finish for a 1921.
I've looked at enough Heritage archived auction results to have formed some comparative thinking about how common individual issues are in PL/DMPL. A "common" issue will have 10-12% of the total archive as PL/DMPL. A scarce one, about 6-7%. 1921 PL/DMPL's form less than 5% of the total.
Not common.
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Pillar of the Community
United States
4883 Posts |
For the 1921-D, Standish calls it at 0.24% for PL and 0.01% (that's 1 in 10,000) for DMPL.
Colligo ergo sum
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Moderator
United States
23522 Posts |
Not surprised. The numbers I quoted aren't representative except compared to each other, of course, because PL's are going to be overrepresented at a venue like Heritage.
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New Member
United States
47 Posts |
And the best part is mintages were higher than most other years, crunch on that for a second. No these arent as nice as the earlier year morgans but when you own a nice looking one your already a leg up due to: most being baggy and all marked up or super soft strike or no luster. As the NSDR folks would say-a 1921 coin that is lustrous with a sharp strike and eye appeal is rare underrated underappreciated and worth a nice premium. Ill post back when I get the results.
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New Member
United States
15 Posts |
If I had a 21-D I thought would PL it would be at PCGS many times trying. Going to be a tough one to get in a holder. I just added a 6th 1921-P to my PCGS 21 PL hoard. I have seen a couple of the PCGS 21-D PL's. One was nice, one was awful at best.
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Replies: 25 / Views: 3,565 |
First Page
Posted 01/16/2015 10:13 am
