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Confused By Grading On This 1921 Peace Dollar

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 Posted 08/20/2015  5:05 pm Show Profile   Bookmark this topic Add LibertyEagle20 to your friends list Get a Link to this Message Number of Subscribers
So I've been told "strike" doesn't come into play when it comes to grading however I just can't see why this graded so low. I'm happy with getting the coin but a MS-62, especially from ANACS, seems really low. The details in the hair are great, not flat like most 1921's. The details on the eagle's back and legs are fully there. There is also a ton of luster, this is the best looking Peace dollar I own by far. How did this only grade MS-62? I also have MS-63 and MS-64 Peace dollars from PCGS and this 1921 blows them out of the water when it comes to quality of the coin. BTW I purchased this already slabbed so I don't know when it was graded (It still wasn't necessarily cheap though!!)



Confused-By-Grading-On-This-1921-Peace-Dollar

Confused-By-Grading-On-This-1921-Peace-Dollar

For reference here is a PCGS MS-65. My MS-62 looks way better..

http://www.ebay.com/itm/1921-Peace-...371416658697
Edited by LibertyEagle20
08/20/2015 5:09 pm
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John1's Avatar
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56855 Posts
 Posted 08/20/2015  5:24 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
I don't think you can compare your 21 with other dates because the 21 is a high relief.I do think your 21 looks great though.
John1
Edited by John1
08/20/2015 5:24 pm
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IndianGoldEagle's Avatar
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 Posted 08/20/2015  5:32 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
Luster and contact marks will affect the grade. ANACS does a decent job at grading silver dollars.
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edweather's Avatar
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 Posted 08/20/2015  6:34 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Well, I agree with you, assuming the photos don't belie some issues we can't see. I would consider cracking it out and resubmitting to PCGS or NGC. Not saying it's a slam dunk, but...
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DeodatusAlp2002's Avatar
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 Posted 08/20/2015  6:36 pm  Show Profile   Bookmark this reply Add DeodatusAlp2002 to your friends list Get a Link to this Reply
Just so you know, ANACS is the toughest grading company. Not good to sell. PCGS is the most popular.
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Coinfrog's Avatar
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 Posted 08/20/2015  6:47 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Respectfully disagree.

ANACS is all over the map over 20+ years, ranging from ultra-conservative to inconsistently loose. That's why they are the distant #3 grading service, whith no credentials at the major auction houses.

Let's see some close-ups here, please.


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CoinHuntingDrew's Avatar
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 Posted 08/20/2015  6:49 pm  Show Profile   Bookmark this reply Add CoinHuntingDrew to your friends list Get a Link to this Reply
Kind of looks like it had a cleaning on the obverse if you ask me, unless it's just the lighting.
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moxking's Avatar
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 Posted 08/20/2015  7:18 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
It's really tough to tell much from those far away photos. Any chance you can just crop the photo to show JUST the coin, rather than the table?

From what you show, I certainly don't see anything that would slam in down to 62, but again, with these photos I wouldn't place any bets.
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panzaldi's Avatar
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 Posted 08/20/2015  7:52 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
Difficult because of small pics but it does look stronger than 62. Just a wild guess id say 64
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BH1964's Avatar
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 Posted 08/20/2015  7:59 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
Luster is big on Mint State grades and your coin seems to have diminished luster. Luster is very tough to capture in images however. Strike is important too as you know.

My take is that your coin is either a very nice slider that made MS because of it's strike and surface preservation or is honestly MS with poor luster. I doubt ANACS missed entirely but certainly another person/company might have said 63 or maybe 58.
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 Posted 08/20/2015  8:54 pm  Show Profile   Bookmark this reply Add LibertyEagle20 to your friends list Get a Link to this Reply
Well, I really don't think the coin is cleaned as someone mentioned. Even at 10x magnification it looks pretty good. I also have a topic about silver dollars in the main forum and someone mentioned it might be the very small nicks on the cheek. I tried to get a close up to show it, they are very small but maybe that's what lowered the grade?


I still am confused by grading though. Look at this MS-65. Look under the "E" om the back. I see nicks and scratches there, how did it grade so high? The detail on the feathers isn't as defined either. I tried to post some better pictures below. I guess I can't really detail the "luster" but my coin is shiny.. still looks bright to me..

http://www.ebay.com/itm/1921-High-R...047675.l2557



Confused-By-Grading-On-This-1921-Peace-Dollar

Confused-By-Grading-On-This-1921-Peace-Dollar

Confused-By-Grading-On-This-1921-Peace-Dollar
Edited by LibertyEagle20
08/20/2015 8:56 pm
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ChildOfTheWheat's Avatar
United States
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 Posted 08/20/2015  9:24 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
That's a VERY nice coin
I'd consider getting it re-graded, but I'd be happy (if you don't have plans to sell it) with it in the current slab.
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BH1964's Avatar
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 Posted 08/20/2015  10:05 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
I still am confused by grading though. Look at this MS-65. Look under the "E" om the back. I see nicks and scratches there, how did it grade so high? The detail on the feathers isn't as defined either. I tried to post some better pictures below. I guess I can't really detail the "luster" but my coin is shiny.. still looks bright to me..

http://www.ebay.com/itm/1921-High-R...047675.l2557


The linked coin has a frosty reverse and likely has beaming luster as well. Surface preservation (nicks, scratches, etc) should be no more than 50% of an MS grade. Eye appeal, luster, and strike make up at least 50% of the grade and often more. That's the nature of market grading.

With a bit of experience you'll be able to tell the difference in originality of a coin's surfaces. Your coin looks a tad dull in your images, not over-dipped but clearly not displaying the full mint bloom needed to hit 65 or better. It does appear it could grade MS63 though.
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paralyse's Avatar
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 Posted 08/20/2015  11:04 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
Whomever told you that strike is not part of the grading was quite mistaken. TPG's are in the business of grading coins not just for collectors but for dealers who have to move inventory, and that fact alone influences their grading.

That being said, from what I can see of your coin it looks MS63, assuming the luster's not as flat as it is in your photos. It doesn't look "baggy" and I don't see substantial hits.
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 Posted 08/20/2015  11:18 pm  Show Profile   Bookmark this reply Add CartwheelCollector to your friends list Get a Link to this Reply

Quote:
Just so you know, ANACS is the toughest grading company. Not good to sell. PCGS is the most popular.


Thank you for the laugh.

I think the coin in question is probably an AU58 that was bumped to a 62. Perhaps wiped or something. Maybe dipped a bit too much. Tough to tell without seeing the coin in-hand or seeing truly high-quality images.
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Slider23's Avatar
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 Posted 08/21/2015  10:09 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
Paralyse,

I made the comment that on the 1921 Peace dollar as the strike is not taken into consideration of grading unless the coin is above MS65 and I wonder about some of the 1921 coins above MS65 as some have soft strikes. The Peace dollar was designed to be a high relief coin, the pressure needed to strike in HR was causing the dies to fail and the majority of coins were struck with lower pressure resulting in flat spots on the hair above the ear and poor details on the eagle feathers. When the pressure to strike to coin was lowered, the metal would not flow to the deep parts of the die.

Below is an example of the a MS64 with a flat spot above the ear:

Confused-By-Grading-On-This-1921-Peace-Dollar
Edited by Slider23
08/21/2015 10:27 am
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