Guess the grade- 1927 Peace Dollar- Updated with grade
These photos were taken of the coin before submitting it. The grade (if it got one) was just posted today and PCGS says they have already shipped it out so I'll post the slab as soon as I get it back. PCGS is using Priority Mail now so probably Monday.
So what do you think?
Update: Photo of slab posted lower down the page.
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Replies to This Discussion
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Permalink Reply by True Money on -
This coin may have some indication of cleaning and/or some "thumbing", however it is uncertain. If the coin received a grade from PCGS, it would most probably receive MS63 to MS64 due to the combination of weakness in strike and minute scratches.
-True Money!
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Permalink Reply by Larry on -
Hi!,
The best I can see is MS62; weak strike, wear on reverse "peace", and "o" in one; bag marks. Good luck.
-Larry
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Permalink Reply by Steve W on -
I would give it an MS 63 at most. I am looking at my 1922 MS 64 and it has a lot more eye appeal. I also see wear on her hair just over the cheek. Were the Peace dollars known for the weakness of strike that we see here? My older Morgan looks better than this. It is a good thing we are not as critical with our own women.LOL
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Permalink Reply by Buffalo on -
Peace dollars often do have weak strikes Steve. The original design was intended to be high relief, but the higher strike force (approx 120 tons) required because of that caused caused premature die wear and breakage. Design changes to the dies were made and dies modified by George Morgan, apparently first without the artist Anthony de Francisci being involved and later under his supervision (or at least with his input, Morgan appeared to be the independent type). Strike forces were lowered into the 80-100 ton range resulting in many that are not struck so well. The lowered strike force was actually comparable to the force used to strike the Morgans, but the design was apparently not as well suited for it. Also, some other elements on the Peace dollar like the letters and numbers have a rounded style to them. This is unusual for US coinage and very different to the sharp angular style used on Morgans and others where they rise sharply from the field and have sharp flat tops. This also increases the perception of a weakly struck coin.
Mintage of all of the original 1921 Peace dollars took place in just 4 days as follows:
December 28, 1921 200,000
December 29, 1921 103
December 30, 1921 656,370
December 31, 1921 150,000
The extremely low mintage on the 29th was due to the Mint trying to overcome the production difficulties I mentioned above. Most of the ones struck on the 30th and 31st were not as well struck as the coins from the 28th. I do like this series but in my opinion the overall result was not what it should have been. In some ways, it ended up being a compromise to make it something the Mint could readily produce and that does show in many of the coins struck over the years. Quality took a back seat to producability, something not so new for the Mint after all, lol.
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Permalink Reply by KEN on
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Weak strike as most Peace dollars were,my guess with the bag marks and the wear on the curl in the hair is VF-30 ?
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Permalink Reply by IndianGoldEagle on
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Wow, tough group. I want to buy Peace dollars from you guys. Give this one an MS-64.
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Permalink Reply by Mike Collins on
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ms-64 nice coin buffalo.
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Permalink Reply by Buffalo on
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These got back sooner than I expected so here is the coin in the new slab. My photos aren't that great but I really did think it was a 64 when I sent it in. This is a coin I mentioned a while back that was $38 at an antique shop, so just goes to prove you can find some good pickups in unusual places at times. I think PCGS shows it around $525 and I've seen some sell in the last week for over $400 at auction.
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Permalink Reply by Ike on -
I don't know a lot about grading, but I get the sense (from most of you) the strike part of the over all grade depends on the type/series. Most of the Peace Dollars are known for their weak strike. Why would the strike part of the grade depend on the coin type or series. If it is weakly struck, the grade should be lowered independent of the type or series. In other words---a Morgan dollar that is equal in all respects except the strike, should be graded on the strike.The weaker the strike the lower the grade. Maybe that is the way it is. I may be getting the wrong impression? But if I'm right, why the difference? BTW I think it has great luster & I would have graded it lower just due to it's weak strike. Congrat's on your grade. I hope 1 day to be able to grade a coin as most of you seem able to do quite well.
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Permalink Reply by Buffalo on
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Thanks Ike. I don't always get the grade right, that's for sure. I think what it is with the differences in how different coins are graded is that the graders take into account overall differences that exist with different series of coins. A series that generally has better strikes might mean a weak strike has more impact and vice versa. Morgans where bag marks are common might mean they have less impact than they would in some other series where you don't usually see them, and so on. The PCGS coin grading book goes into details like this on many different series. It also has some good information on counterfeit detection and is well worth the price. I think I paid around $13-14 for mine online.
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