1921 Morgan Dollar Grading Question

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Author	Replies: 8 / Views: 869
SoundBeing Valued Member Germany 116 Posts	Posted 05/30/2022 09:50 am I found this lovely specimen today. But it has this pretty rough stuff going on in the lips and nose. Does this kill the grade of this coin? Would these be considered "bag marks" or? Any insight would be great! Report this Post to the Staff

Coinfrog Bedrock of the Community United States 94367 Posts	Posted 05/30/2022 09:55 am Probably bag marks, agree. Just a common date in AU condition with a value that will track bullion prices. Report this Post to the Staff
panzaldi Bedrock of the Community United States 18681 Posts	Posted 05/30/2022 10:59 am AU58. the weaker strike is common on the 21(P)'s Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 05/30/2022 11:01 am Looks like bag marks and not large enough to be considered PMD. Looks high AU and worth about $30 these days. ANA #R3154474 Report this Post to the Staff
TobyJ Pillar of the Community United Kingdom 1273 Posts	Posted 05/30/2022 1:47 pm Yes probably worth around melt, they look like bag marks. This is one that could grade AU58 on a bad day and MS61 on a good day. However, I wouldn't ever send it for grading, not worth the fee. Marks take down the grade yes, depending on the severity, the depth, the size, the amount etc. It also depends on the remaining lustre amongst other things. Wear is the main thing to look at for grading a coin, but sometimes coins have weak strikes and look worn and actually are not. If there are quite a lot of deep marks then it can be graded a 'details' coin which is not a straight grade and takes considerable value away from the coin. Take a look at NGC and Heritage Auctions sold pages for graded examples of Morgan dollars. They are one of the best coins to learn to grade. Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 05/30/2022 6:59 pm Current melt value on this coin is under $17. It's worth far more than that. Likely double. Morgan silver dollars that are not severely damaged bring significant premiums to melt value. If silver were to go over $40 that might change but with silver anywhere in the $20 range? These days it's realistic to consider double melt value as a baseline for Morgan silver dollars in decent shape. ANA #R3154474 Report this Post to the Staff
fortcollins Pillar of the Community United States 3658 Posts	Posted 05/30/2022 8:07 pm First, I agree, AU-58, with bag marks. Your photos are excellent! Report this Post to the Staff
SoundBeing Valued Member Germany 116 Posts	Posted 05/31/2022 02:43 am Great information. I sincerely thank you! I'm stumbling through this hobby and this forum has been a great and fun new tool for learning and just noodling around thru posts finding interesting things about coins. Report this Post to the Staff
IndianGoldEagle Bedrock of the Community United States 36800 Posts	Posted 06/06/2022 1:30 pm A slidder, AU-58. Report this Post to the Staff
	Replies: 8 / Views: 869

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