What happened to this Peace Dollar?

This coin is in a high grade holder. The damage thru the T & Y in Liberty and beyond looks like wrapping machine damage that I have seen on other coins.
Is it possible it is from sort of die polish or repair?
If it is damage it doesn't make any sense that it is in a straight grade holder?
What would you guys grade it at with this area on the coin? Assume the reverse is ok and grades the same as the obverse with no damage. Grade the coin by the obverse only.
There is similair "damage" at the rim around "IN" and thru the 19 of the date.
Opinions welcome.

Is it possible it is from sort of die polish or repair?
If it is damage it doesn't make any sense that it is in a straight grade holder?
What would you guys grade it at with this area on the coin? Assume the reverse is ok and grades the same as the obverse with no damage. Grade the coin by the obverse only.
There is similair "damage" at the rim around "IN" and thru the 19 of the date.
Opinions welcome.


GrandAm 

0
Comments
picture... maybe no picture could do it justice...might be an in-hand issue... almost
(from the picture) looks like a weak strike in that area.... Cheers, RickO
with how much brown haze there is around those areas, i say grease.
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This coin is in a high grade holder. ]
So what's the grade? These coin grading cliffhangers posts...................................su**
Nice hair, good strike.
counting wheel damage leaves a solid scrape
this dollar shows unstruck planchet in that area
Weak strike due to a die that is damaged then worked on. I have seen a number of these graded so would think it to have been determined to be a die/strike issue.
"I have seen a number of these graded so would think it to have been determined to be a die/strike issue".
"so would think it to have been determined"
This board rocks.
Edited to remove my comment after seeing the reverse.
Weak strike due to a die that is damaged then worked on. I have seen a number of these graded so would think it to have been determined to be a die/strike issue.
"I have seen a number of these graded so would think it to have been determined to be a die/strike issue".
"so would think it to have been determined"
This board rocks.
What's your point?
-Paul
I don't think it's PMD, but I suppose it could be. It isn't hard to find coins with similar areas. Looking through the current offerings at HA, I can see the same finding, in varying degrees, on lots 6164 (23-P), 6181 (26-D), 6192 (28-P), 8794 (22-D), and 8797 (23-P) in addition to the 26-D featured in the OP's post.
I think the idea of that area not making contact with the die is right, but why? I think it might be an artifact on the planchet caused by the rim upsetting process. Do that a bit too aggressively and the die may impact too much at the rim, leaving a little unstruck area next to it in a circumferential pattern..... but that's an idea I just pulled out of thin air.
Obviously whatever it is, the graders treat it "as minted". They must know what causes it.
My 1866 Philly Mint Set
weak strike or die adjaustment - need to see reeding?
a couple articles on it
http://koinpro.tripod.com/Arti...trikeOrWeakStrikeQ.htm
https://www.ngccoin.com/news/v...etterNewsArticleID=514
Not grease or other "filled die", just the original planchet texture showing through that didn't get completely struck out. A rather common occurrence on Peace Dollars. I suspect that this pattern can occur when the planchet receives an insufficient upsetting of the rim prior to striking.
Great answer.......from a man with hands on experience.
OINK