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1921 Peace Dollar - Can This Really Be What NGC Says It Is?

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Valued Member

United States
282 Posts
 Posted 04/19/2016  10:40 pm Show Profile   Bookmark this topic Add syeb to your friends list Get a Link to this Message Number of Subscribers
You guys have been so spot on that I couldn't resist posting this one. I hope it is interesting to you. From the little that I know, and comparing to Photograde, this coin does not look as good as NGC says it is. The reverse perhaps but the obverse looks a grade or two lower. To me it looks so much worse that I'm considering sending it in for their guarantee. I'll let you give your best shot and then will tell NGC's grade.



1921-Peace-Dollar---Can-This-Really-Be-What-NGC-Says-It-Is?

1921-Peace-Dollar---Can-This-Really-Be-What-NGC-Says-It-Is?
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 04/19/2016  10:46 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
Looks MS-64 to me.
Valued Member
United States
282 Posts
 Posted 04/19/2016  10:50 pm  Show Profile   Bookmark this reply Add syeb to your friends list Get a Link to this Reply
A better pic of the obverse.

1921-Peace-Dollar---Can-This-Really-Be-What-NGC-Says-It-Is?
Valued Member
United States
282 Posts
 Posted 04/19/2016  11:01 pm  Show Profile   Bookmark this reply Add syeb to your friends list Get a Link to this Reply
My reasoning was that there is so much detail missing on the hair - which stands out smack in the middle of the coin and ruins the view that I can't imagine an MS grade on this. Or can we just ignore that small part and grade the rest?
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westernsky's Avatar
United States
7621 Posts
 Posted 04/19/2016  11:12 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
64. The hair detail was a problem from the get go when these were struck.
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Joseph7420's Avatar
Canada
11922 Posts
 Posted 04/19/2016  11:12 pm  Show Profile   Bookmark this reply Add Joseph7420 to your friends list Get a Link to this Reply
I would think MS-62.
Valued Member
United States
282 Posts
 Posted 04/19/2016  11:18 pm  Show Profile   Bookmark this reply Add syeb to your friends list Get a Link to this Reply
Thanks, I feel much better now. Looking at photograde pics and comparing it to a PCGS AU55 and an NGC AU58 that I own I was certain that this was an AU58 at the most due to the wear in that spot on the hair.

But the NGC grade on the slab is MS63, which is right in line with what the obviously brilliant posters here think.

Thanks!
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 04/19/2016  11:23 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
The weakness in the hair comes from the high-relief style of these coins. As the incuse designs in the dies (raised areas of the devices) were so deep, the mint had trouble with getting the metal to flow all of the way into the dies under normal striking pressure. This lack of metal flow into the intricate low parts of the die (high parts of the design) caused the lack of detail you see here. They could have used greater pressure, but at the risk of damaging the dies and giving them a shorter life span.
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thedollarman's Avatar
Canada
4911 Posts
 Posted 04/19/2016  11:24 pm  Show Profile   Check thedollarman's eBay Listings Bookmark this reply Add thedollarman to your friends list Get a Link to this Reply
syeb, 1921 was a strange year for Peace dollars because they were struck in a high relief which caused a lack of detail in the hair area.
Feel free to call me Will.
Valued Member
United States
282 Posts
 Posted 04/19/2016  11:38 pm  Show Profile   Bookmark this reply Add syeb to your friends list Get a Link to this Reply
The high relief gives it such character though. I can just imagine what a high relief Morgan would look like. If they can even put that level of detail in a high relief format.
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John1's Avatar
United States
56855 Posts
 Posted 04/20/2016  04:17 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Well syeb,if you don't like it my birthday comes once a year
John1
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Imthealphaomega's Avatar
United States
3210 Posts
 Posted 04/20/2016  06:30 am  Show Profile   Bookmark this reply Add Imthealphaomega to your friends list Get a Link to this Reply
1921 Peace dollars due to high relief striking usually show weakness in the hair near the eye and sometimes a weak strike on the Eagles breast feathers on the reverse.....it is very rare to have a superbly struck 1921 Peace dollar on both sides, and they sell for crazy high money simply because there are not many. I think you have a nice 21 Peace dollar and I personally wouldn't crack it out I think NGC got it right with a 63 possibly a 64.
Edited by Imthealphaomega
04/20/2016 06:33 am
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146 Posts
 Posted 04/20/2016  10:22 am  Show Profile   Bookmark this reply Add Dipper to your friends list Get a Link to this Reply
Highest it can grade due to strike is 64.

Nice looking coin, My 63 but if the luster/eye appeal of the actual coin overrules the minor hairlines and hits on the cheek = 64.
Valued Member
United States
282 Posts
 Posted 04/20/2016  10:30 am  Show Profile   Bookmark this reply Add syeb to your friends list Get a Link to this Reply
Is there a point of resubmitting it to NGC for a regrade? Not cracking it out of course, just submitting for regrade. There is a considerable price difference between 63 and 64.
Edited by syeb
04/20/2016 10:30 am
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Tech418's Avatar
United States
119 Posts
 Posted 04/20/2016  10:31 am  Show Profile   Bookmark this reply Add Tech418 to your friends list Get a Link to this Reply
That is a beautiful coin. I'm not sure I would challenge that one.
Valued Member
United States
282 Posts
 Posted 04/20/2016  10:36 am  Show Profile   Bookmark this reply Add syeb to your friends list Get a Link to this Reply
I believe they only crack it out if they will upgrade it. So there is no risk, only a $30 or so investment for a potential $200+ return. I don't plan on selling it but I gotta think of my future grandchildren!
Edited by syeb
04/20/2016 10:36 am
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