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 Replies: 17 / Views: 16,524 |
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Valued Member
United States
220 Posts |
According to the 2010 coin guide book (page 222), it seems that the 1921 Peace dollar was only made with high relief feature. (The 1922 Peace dollar had two varieties, including high relief and normal relief). However, I found the PCGS grades 1921 Peace dollars as either high relief or normal relief (no high relief indicated on the label). Does it due to the changes of listed coin information on the label by the PCGS? If yes, if I buy a 1921 Peace dollar (without a high relief on the label) and then send it to the PCGS for grading. Will the new slab return with the words "high relief"? Thank you in advance for your information. |
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Pillar of the Community
United States
8904 Posts |
The way I understand the Peace dollar minting, the 1921s were all High Relief strikes. The Peace dollar minting process was then changed fairly soon in 1922 when the process was found to be too cumbersome and impractical and they switched to Normal Relief (for business strikes)after 35,401 coins were minted in High Relief. I'm sorry I can't help you with the PCGS question.  There's someone on this Forum that can help I'm sure.  |
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Pillar of the Community
Poland
3201 Posts |
"Production of 1921 Peace dollars didn't get under way until the final week of December, and just over a million examples were produced. It soon became apparent that the coin's relief was too high, making it hard to strike and causing excessive die breakage. The Mint corrected the problem in 1922 by reducing the relief but in the process"This is what CCF says.
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Valued Member
 United States
220 Posts |
Thank you, DL20K and Moe145. The reason why I asked is because I want to purchase a 1921 high relief Peace dollar. I found out that if a 1921 Peace dollar with a high relief label, the price is about two fold of a 1921 Peace dollar without the words "high relief." I was wondering whether the PCGS did not include "high relief" for the coins it graded in old times and added high relief to all recent slabbed coins. |
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Moderator
 United States
23522 Posts |
Quote:I found out that if a 1921 Peace dollar with a high relief label, the price is about two fold of a 1921 Peace dollar without the words "high relief." I would not trust any place where that were true. The price of any coin is dependent only upon its' condition, rarity and demand; people who will pay more for a 1921 Peace simply because it says "High Relief" don't understand coins and are likely to pay far too much. Do you know what grade (and therefore price) you're looking for? |
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Valued Member
United States
220 Posts |
To SuperDave Based on my ebay observations, I found the PCGS MS63 with the words "high relief" is sold about $350-$400. However, the PCGS MS63 without the words is usually sold between $200-$300.   |
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Bedrock of the Community
United States
12437 Posts |
It is simply a matter of incredibly uninformed buyers but that is ebay for you... |
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Valued Member
United States
199 Posts |
Don't worry,all 1921 Peace dollars are high relief.Watch for weak strikes,they are very common.Get the best one you can afford.You won't regret it.... Cheers,Brewzz |
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Valued Member
United States
220 Posts |
Thank you, all.
As mentioned by Brewzz, is it a possibility that the PCGS grades a 1921 peace with a weak strike as a label without the words "high relief"? Or it's simply that the company change the words on the label?
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Moderator
United States
23522 Posts |
Quote:
Or it's simply that the company change the words on the label?
This. PCGS has changed the design of their slab many times over the years, and it can't be anything but their label design since all 1921's are high relief. For the record, I'd borrow money to buy every_single example I could find in PCGS MS63 at $300. That's a steal. |
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Valued Member
United States
220 Posts |
Again, thank you for the information, SuperDave. (I am waiting for my flowing hair dollar.  ) I have been working on my dollar type coins. I try to buy one 1921 "high relief" Peace dollar (for my set registry). The registry requires a high relief Peace dollar. However, I was not really sure whether a 1921 Peace dollar without a high relief label is a high relief coin.  Now I know this. Next time when I see a 1921 PCGS Peace dollar without the words "high relief" with a low bid, I will go for it. Hopefully I will get one at a "reasonable" price.  Edited by dollarcoins
12/17/2009 10:47 pm
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Pillar of the Community
United States
2797 Posts |
Quote:However, I am not really sure whether a 1921 Peace dollar without a high relief label is a high relief coin. All 1921 Peace dollars are "high relief" ... on the label or not! |
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Moderator
United States
23522 Posts |
Quote:Next time when I see a 1921 PCGS Peace dollar without the words "high relief" with a low bid, I will go for it. Absolutely. You seem quite aware of what you're looking for, and patient enough to wait for the right deal. The beauty of ebay is that a patient, knowledgeable buyer can occasionally get real steals; there are plenty of stories around CCF to this effect. Good luck, and feel free to brag here when you get it.  |
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Valued Member
United States
199 Posts |
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Valued Member
United States
220 Posts |
Brewzz: Thank you for finding this very beautiful coin!  However, as a new coin collector, I would be hesitate to bid this coin. It seems that the slab is neither PCGS nor NGC. Also, it's a private auction. (private listing - bidders' identities protected) I guess if I want to bid a coin like this, I can post it on this forum and ask for the opinions. I use the ebay auto search (1921 PCGS peace). I receive a daily update of coins that meet this criterion. Thus, I did not see this coin before. |
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Bedrock of the Community
United States
14454 Posts |
Quote:
It seems that the slab is neither PCGS nor NGC That is exactly what I suggest to new bidders but I maybe would add ANACS to the list as well but the reason is these basement slabbers like the one in the picture has no guarantee with their grading and most of the time the coin will be no where near the grade they have placed on the plastic shell encasing the coin unless it is by the ones mentioned. These are not the only companies that have a guarantee but they have the most consistent grading that is closest to the grading standards to where you can feel pretty comfortable buying a coin in their slabs until you feel more comfortable grading for yourself |
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Replies: 17 / Views: 16,524 |
Posted 12/16/2009 10:37 am
