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Question on grading 1921 Standing Liberty Quarters

I've been kind of studying Standing Liberty Quarters, and I thought I knew how to grade them. I was looking through some PCGS graded 1921s, and the grades are way off from what I thought they would be.
Example #1



I couldn't believe it. Great detail on both sides, full rims. I thought at worst VG, and the graders must have been blind to grade it AG.
Then I keep looking around, and I see more and more PCGS graded coins like this.
So my question is: Why so low on these coins? The only thing I can come up with is that the date is not full, and maybe they're knocking it down because of that? That is pretty much as made though, the date is notorious for a weak date, a lot like the 1923-S. Can anyone confirm my theory or provide the real reason? Thanks in advance.
-Paul
Example #1



I couldn't believe it. Great detail on both sides, full rims. I thought at worst VG, and the graders must have been blind to grade it AG.
Then I keep looking around, and I see more and more PCGS graded coins like this.
So my question is: Why so low on these coins? The only thing I can come up with is that the date is not full, and maybe they're knocking it down because of that? That is pretty much as made though, the date is notorious for a weak date, a lot like the 1923-S. Can anyone confirm my theory or provide the real reason? Thanks in advance.
-Paul
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Comments
that's what that coin is...a vg/f as early dates are supposed to be relaxed on the date as it was an issue to the series
my take...definate vg/fine
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