I am no expert on Peace dollars. I see some doubling around the face but instead of doing some research I am going to be lazy and somebody tell me why this 1921 Peace sold for over 3 grand.
Interesting coin. The strike is EXCEPTIONALLY good for a 1921 and the reverse lettering is remarkably bold. None of the regular 1921 MS66 or better coins on CoinFacts has a strike anywhere near as good as this. I don't see any doubling, but there might be some die polish lines above "WE" and at the "S O" of "STATES OF" on the reverse that would make it a VAM 1H, struck from satin proof dies. It's impossible to see this perfectly from the photos. It has the look of a polished coin and it certainly has some hairlines. The photography, however, isn't necessarily easy to interpret.
The Price Guide says there are 6-8 known matte-finish 1921 proof coins and maybe 10 satin proofs. The single example shown on CoinFacts doesn't look terribly different than this one. It's a long-shot, but not an impossibility that this could be a proof coin......
Most likely it's a polished, cleaned regular business-strike 1921 with an exceptionally good strike. It might be worth $3,400 to take a look at it in-hand and send it back if it isn't the real McCoy. If I had seen the auction, I might have pursued it. It's not that difficult to send a coin back.....
I'll say this again. When the seller has all kinds of other coins recently graded by PCGS but one that could be worth a ton of money is raw..........run for the hills.
<< <i>I'll say this again. When the seller has all kinds of other coins recently graded by PCGS but one that could be worth a ton of money is raw..........run for the hills. >>
Even if it is a problem coin, it's still a very interesting piece. 1921 Peace dollars just don't come struck like this, original surfaces or not. RWB literally wrote the book on this series and, as reported in the "other thread" by Rick Snow, he was the underbidder. He apparently was willing to go higher, but got distracted during the auction.
I still think the surfaces are hard to interpret from the photos. Peace dollar proofs had a different look about them and they don't exhibit luster in the usual sense. It would be interesting to know where this coin ended up.
If the pictures are truly representative of the coin, it is indeed a fine Peace Dollar.... and if the speculation noted here proves to be accurate, it is a bargain. Cheers, RickO
Ive met the gentleman who owned this coin prior to listing it on ebay - he advertises all over craigslist that he buys coins and pays top dollar etc etc he bought it in a collection of a bunch of other peace dollars for 30 dollars or so - he thinks its proof - i know he submits alot to pcgs and ngc - why not submit this one? Makes you wonder
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Great transactions with oih82w8, JasonGaming, Moose1913.
<< <i>I think someone is hoping for a super gem grade. The coin does have a superb strike for the date, though. >>
Strike doubling from what I see.....Perhaps they are hoping for a Satin Proof with
those reverse die polish lines?
This
The Price Guide says there are 6-8 known matte-finish 1921 proof coins and maybe 10 satin proofs. The single example shown on CoinFacts doesn't look terribly different than this one. It's a long-shot, but not an impossibility that this could be a proof coin......
Most likely it's a polished, cleaned regular business-strike 1921 with an exceptionally good strike. It might be worth $3,400 to take a look at it in-hand and send it back if it isn't the real McCoy. If I had seen the auction, I might have pursued it. It's not that difficult to send a coin back.....
Everyone was questioning whether or not it was a proof.
Hoard the keys.
Dozens of BST deals completed, including: kalshacon, cucamongacoin, blu62vette, natetrook, JGNumismatics, Coinshowman, DollarAfterDollar, timbuk3, jimdimmick & many more
Wasn't this exact coin discussed in an earlier thread?
At least a couple people think it is a proof, IMO they are unrealistic
I'll say this again. When the seller has all kinds of other coins recently graded by PCGS but one that could be worth a ton of money is raw..........run for the hills.
<< <i>I'll say this again. When the seller has all kinds of other coins recently graded by PCGS but one that could be worth a ton of money is raw..........run for the hills. >>
+1 Always a red flag for me.
I still think the surfaces are hard to interpret from the photos. Peace dollar proofs had a different look about them and they don't exhibit luster in the usual sense. It would be interesting to know where this coin ended up.
<< <i>I'm suspicious of some funny business >>
What he said.
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>I'm suspicious of some funny business >>
ditto, it looks odd for some reason.