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Help Identifying A 1921 Peace Dollar

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New Member

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 Posted 01/20/2019  1:51 pm Show Profile   Bookmark this topic Add Chip Schleichard to your friends list Get a Link to this Message Number of Subscribers
Hi, new here and new to collecting so bare with me if I sound like a complete noob on this.

I just bought this 21 peace yesterday. My first purchase of an ungraded coin. I just fell in love with it and had to have it even if I over paid a bit. After some research I think this is possibly a satin struck coin? Maybe a ms62-63. Any help from you pros would be greatly appreciated.

Edited by Chip Schleichard
01/20/2019 1:57 pm
New Member
United States
27 Posts
 Posted 01/20/2019  1:53 pm  Show Profile   Bookmark this reply Add Chip Schleichard to your friends list Get a Link to this Reply
Ugh still trying to get use to photo uploads!

Help-Identifying-A-1921-Peace-Dollar
Help-Identifying-A-1921-Peace-Dollar
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westernsky's Avatar
United States
7618 Posts
 Posted 01/20/2019  2:16 pm  Show Profile   Bookmark this reply Add westernsky to your friends list Get a Link to this Reply
.... to the Community!

I'm thinking high end AU (58) to low end MS (61/62).

Hard to judge the luster from these pics. It may have been dipped a few times, too.

The pin pricks on the neck really hurt it and are distracting.
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jimbucks's Avatar
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 Posted 01/20/2019  2:29 pm  Show Profile   Bookmark this reply Add jimbucks to your friends list Get a Link to this Reply
A lot of chatter on obverse probably puts it as a MS-60.
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BH1964's Avatar
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 Posted 01/20/2019  2:36 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
I am not getting a good read on the luster here so there's a lot of vagueness of opinion. Gut says the lack of luster means AU but I don't see actual wear. My guess is it's a slider that's been dipped a couple of times.
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Slider23's Avatar
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4469 Posts
 Posted 01/20/2019  3:16 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
Your coin has an amazing strike. You could send it in for grading if you think it is a satin proof.

There are only about 10 known 1921 satin proofs. Here are some of the die markings for a satin proof: there are numerous raised polishing lines in the left obverse fields--one of the diagnostics for Satin Finish proofs. Also, the triangular pellet after TRVST is unusually bold, as are the rays on the reverse. There are also several raised die marks in the field behind S and OF on the reverse. The striking quality is extraordinarily bold with complete definition on all the design elements.

New Member
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 Posted 01/20/2019  3:31 pm  Show Profile   Bookmark this reply Add Chip Schleichard to your friends list Get a Link to this Reply
Thanks for the insight on this. I was comparing with this ms64 far as detail, but I'm guessing I'm missing luster. Something I don't even know how to look for yet. I'll have to read up on it so I know what you guys are even talking about!


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Coinfrog's Avatar
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 Posted 01/20/2019  3:42 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I'm thinking AU-58. Super example whatever the grade.



to the CCF!
Edited by Coinfrog
01/20/2019 3:43 pm
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edweather's Avatar
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 Posted 01/20/2019  4:05 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
My first thought was great strike also. Super hair detail.
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Connor's Avatar
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 Posted 01/20/2019  4:47 pm  Show Profile   Bookmark this reply Add Connor to your friends list Get a Link to this Reply
High end AU58 would be my guess.
New Member
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 Posted 01/20/2019  5:50 pm  Show Profile   Bookmark this reply Add Chip Schleichard to your friends list Get a Link to this Reply
Turns out they used proof dies to strike business coins during the short run of these high relief 21s. From what I can tell is that the value is no different than the rest of them. They are just struck nicer. This was very confusing to me when I was comparing coins for an idea of grade. I thought that with better details it would be graded higher, but that's not the case at all. A ms60 or au58 struck by proof dies vs business dies are graded the same and are valued the same.

This is what I'm getting out of the info I've read at least. I did find that PCGS has some graded as such, but very few. Only 1 au58 is listed and the value is the same as any 1921 Peace dollar graded at au58.

Correct me if I'm wrong or missing anything.
Edited by Chip Schleichard
01/20/2019 5:52 pm
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SilverDollar2017's Avatar
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 Posted 01/21/2019  11:08 am  Show Profile   Bookmark this reply Add SilverDollar2017 to your friends list Get a Link to this Reply
AU-58
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Slider23's Avatar
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 Posted 01/21/2019  11:52 am  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply

Quote:
Turns out they used proof dies to strike business coins during the short run of these high relief 21s. From what I can tell is that the value is no different than the rest of them. They are just struck nicer. This was very confusing to me when I was comparing coins for an idea of grade. I thought that with better details it would be graded higher, but that's not the case at all. A ms60 or au58 struck by proof dies vs business dies are graded the same and are valued the same.


For the 1921 Peace dollar there are two types of proofs the satin proof and the matte proof. These proof have a value much greater than a business MS strike.

The 1921 satin proof has some controversy because there are no mint records of a satin proof. The satin proof was not discovered until 1975 by Walter Breen and a number of deceptive business strikes appear to have been struck from the same dies. NGC certifies the satin proof and PCGS has not certified any satin proofs.
Edited by Slider23
01/21/2019 12:42 pm
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IndianGoldEagle's Avatar
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 Posted 01/21/2019  12:52 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
AU-58, it the mint frost as seen on the PCGS coin.
New Member
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 Posted 01/21/2019  3:31 pm  Show Profile   Bookmark this reply Add Chip Schleichard to your friends list Get a Link to this Reply
Just curious.. How do you grade a coin on luster if it's been struck by matte or satin proof dies?

Maybe It's just me, but far as eye appeal I don't care so much for the shiny stuff. Well, except for gold coins, I would want to see it with some shine. /:
Edited by Chip Schleichard
01/21/2019 3:56 pm
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bandsdean's Avatar
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2125 Posts
 Posted 01/23/2019  9:47 pm  Show Profile   Bookmark this reply Add bandsdean to your friends list Get a Link to this Reply
AU58 nice strike.
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