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1921 Peace 1$ On Ebay, Do You Agree With Grade?

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SilverStackerKid's Avatar
United States
6478 Posts
 Posted 08/03/2015  01:06 am Show Profile   Bookmark this topic Add SilverStackerKid to your friends list Get a Link to this Message Number of Subscribers
I assume that that is just a really bad strike? I disagree with MS65.
http://www.ebay.com/itm/1921-1-Peac...301484044766
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Copper Penny Connection's Avatar
United States
415 Posts
 Posted 08/03/2015  02:49 am  Show Profile   Bookmark this reply Add Copper Penny Connection to your friends list Get a Link to this Reply
WOW, I agree. I wouldnt even guess that to be an UNC. AU at best lol
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Broken-Coin's Avatar
United States
1812 Posts
 Posted 08/03/2015  03:01 am  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
In my opinion I think this coin lacks eye appeal, but from what I read here, it is in a PCGS slab, so it must be a awesome coin...
If this same coin was in a old PCI or SEGS holder and graded AU58 to MS60,
I would bet most of the replies would be the coin is way overgraded, and I would never touch it...

Please advise if I should have cropped out the sellers name..

I guess the younger collectors need everything holdered in NGC & PCGS..

There is a ebay seller having PMG certify his fake errors from uncut currency..

1921-Peace-1$-On-Ebay,-Do-You-Agree-With-Grade?

1921-Peace-1$-On-Ebay,-Do-You-Agree-With-Grade?
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Broken-Coin's Avatar
United States
1812 Posts
 Posted 08/03/2015  03:07 am  Show Profile   Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
Copperpennyconnection beat me to the 1st reply, but mentioned what I was saying about other slab graders.
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Aahz's Avatar
United States
177 Posts
 Posted 08/03/2015  03:54 am  Show Profile   Bookmark this reply Add Aahz to your friends list Get a Link to this Reply
Poor photographs from which to evaluate a coin. Plus, the toning is really sucky. But ignoring the toning and looking really closely at the wear points (hair, feathers, etc), I'd say the coin is uncirculated.

I think PCGS ignores toning on dollars unless it appears artificial, in which case they mark it "questionable toning" or some such. In this case (assuming the slab is genuine), the grade is for the condition of the coin without regard for the hideous toning.

Personally, I thought that "eye appeal" became a part of the grade once you passed MS-63. I would not give it a 65.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 08/03/2015  09:15 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
It's unpossible to grade the coin from these images because of the toning, even though they'd be plenty good enough without it. So, I have no idea if this is a technical MS67 marked down for eye appeal or a 65 for which the toning wasn't factored.

Nor do you.
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moxking's Avatar
United States
17900 Posts
 Posted 08/03/2015  09:20 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
As SuperDave said, you can't tell a blessed thing with those photos.
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westernsky's Avatar
United States
7621 Posts
 Posted 08/03/2015  09:38 am  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
The coin does not have "eye appeal" due to the ugly toning. Coins like this usually end up getting dipped before being sent in for grading. Most Peace dollars do not tone well for some weird reasons.

Most likely, the coin looks much better in-hand and under better lighting.

It's a 94-year old coin that hasn't been messed with. It appeals to some people that are traditionalists. It doesn't appeal to the "bright and shiny" crowd.
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edweather's Avatar
United States
7375 Posts
 Posted 08/03/2015  10:42 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
These come up from time to time. I'm sure it's close to a technical 65, but an ugly one. That's why it's a BIN and not an auction, the seller would get slammed.
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smaugshoard's Avatar
United States
16 Posts
 Posted 08/03/2015  10:55 am  Show Profile   Bookmark this reply Add smaugshoard to your friends list Get a Link to this Reply
Looks like some wear to me but would need to see it in person. At the very least that is a horrible strike and there are much better examples on the bay at the same grade and lower. Can't fault the seller for listing the coin at the PCGS price though. At least the plastic looks in good condition.
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edweather's Avatar
United States
7375 Posts
 Posted 08/03/2015  11:10 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
It's ironic, that on these "high relief" unc Peace dollars, the hair seems flat. Go figure.
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Slider23's Avatar
United States
4469 Posts
 Posted 08/03/2015  11:17 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
on the 1921 HR Peace dollar the strike was not taken into consideration on grading unless the coin was ms66 or higher as most of the higher grades have a better strike. When these were minted, the enormous pressure needed to strike a High Relief coin wore out the dies, so the majority of Peace dollars were struck with lower pressure, so the dies did not wear out. The low pressure caused the flat spot on the hair and less details on the eagle feathers. In my opinion, the example shown is not very collectable at the money that is being asked for the coin.
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SilverStackerKid's Avatar
United States
6478 Posts
 Posted 08/03/2015  1:47 pm  Show Profile   Bookmark this reply Add SilverStackerKid to your friends list Get a Link to this Reply

Quote:
So, I have no idea if this is a technical MS67 marked down for eye appeal or a 65 for which the toning wasn't factored.


Ahhh, ok. I see what you mean now.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 08/03/2015  3:46 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Worse yet, toning like this actively deceives the viewer by "highlighting" areas with color spots that resemble physical marks but aren't. The better one is with pics, the more likely one is to undergrade a toner. So when you first look at a toned coin, set in your mind that you have to evaluate it twice. The first time by the first-glance grade you infer, including whatever the toning makes you think, and then a second time looking specifically for where the color is deceiving you.

Do that often enough, and eventually you realize you can trust your gut.
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United States
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 Posted 08/07/2015  2:05 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
It is an ugly coin. I would not pay MS65 price for it. I have a 1921 Peace dollar and it looks better than that one and it is a lower grade. If you are going to spend big bucks for a coin why not get one that looks good. It seems like it should have some sheen on it and not be black and blue. What does a more normal looking MS65 Peace dollar go for these days at auction or on ebay?
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CoinHuntingDrew's Avatar
United States
4932 Posts
 Posted 08/07/2015  4:06 pm  Show Profile   Bookmark this reply Add CoinHuntingDrew to your friends list Get a Link to this Reply
Interesting toning, but spending a little over 2K on it will just result in money loss in the near future due to people undergrading it.

Plus it's ugly.
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