Coin looks right in hand. I don't believe it to be messed with. It has that "MS-66" look to it but with the ticks and hits, I'm not sure what it'd grade. 64-65...
<< <i>Could that be a the first coin off a new pair of dies? Or is it a photography thing. >>
That's what I was thinking. The "Frost" is quite evident, but there's definitely issues with striking up the perimeters.
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The guy I bought it from said it came for the "first dies" used in 1924. Not sure how true that is but I would think that new dies would create very crisp devices unless the pressure wasn't set correctly. In any event it does have die cracks on it and clash marks so the die isn't all that new... It has that "66" look to it.
You guys are kidding right with the 65, 66 comments? Even discounting the strike there are lots of hits on both front and back. MS-60 if not classified as damage
The effect is called "starburst." It occurs when dies are overused and metal flow becomes excessive. If die pressure is uneven (due to design limitations) the effect will be more pronounced in areas were striking pressure is greatest. (See the reverse of the posted coin.)
Will be interesting to see what PCGS says about it.
PeaceMan: The porous planchet characteristics of your Peace Dollar reminds me of the look of a cast counterfeit, if the surface texture is not caused by acid etching or some type of electrolytic process.
By electrolytic process, I mean that perhaps someone used it as a 90% silver source for silver plating another object. It's got that type of look to me -- as Bear stated "Altered Surfaces".
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
<< <i>Can anybody find an image of one with similar striking characteristics in a high grade MS PCGS holder? >>
Here is an MS66 that Peaceman bought from me recently. It isn't quite up to the standards of the OP's coin but it shows how a coin struck on badly worn dies can still earn a respectable grade. Lance.
This is perhaps a good opportunity to continue the discussion of the limitations and challenges of a solely Numeric Coin Grading System (1-70 scale) based on Preservation State (amount of contact marks), without using descriptive terms for Original Skin, Strength of Strike, Degree of Mint Luster, and Degree of Toning to more accurately describe a coin.
In my opinion the TPGS's typically overly focus on preservation state (contact marks) when assigning a numeric grade to a coin, often at the expense of (overlooking) other attributes (such as Original Surfaces, Mint Luster & Strike) that factor into preservation state and eye appeal.
The subject coin and lkeigwinis pictured coin are good examples on which to have this discussion. They may have been fully struck based on the advanced wear state of the dies, but clearly the resulting coins struck from these "tired dies" are not fully struck examples for the date. One can make similar comparisons with Capped Bust Half Dollars, and Draped Bust Series coins.
Should such a coin receive a high numeric grade while displaying poorly defined design detail? I guess that it's more of a die state grading discussion. It's an interesting topic to me. I'd also like to hear others forum members opinions on this subject.
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
Would the same hold true for a modern MS70 or PR70? I don't think they would ever give a modern a 70 grade if the dies were worn even if there wasn't a microscopic mark on it. Die state should have an impact on grade when the dies are that worn.
Would you pay the same for a fully struck new die MS66 as you would for an MS66 with a die state of a coin that looks like that?
I know I would take a coin from a new die please.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
Lance, I bought that coin from you? I dont think I did... wow is my memory bad if I did. That coin has the same die cracks as mine, wierd. That coin looks free of ticks so my guess is that it'll 65 at PCGS.
Is it possible that what is percieved as hits are actually areas on the planchet where metal did not fill flow into nicks in the planchet due to the heavily worn die? If not, and they are actuall hits, I can't see that coin grading higher than 63. I would think the hit on the eagle alone knocks it out of gem status.
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<< <i>Lance, I bought that coin from you? I dont think I did... wow is my memory bad if I did. That coin has the same die cracks as mine, wierd. That coin looks free of ticks so my guess is that it'll 65 at PCGS. >>
Sorry, Peaceman. That coin was told to PQPeace. Names just a little too similar. FWIW it was already graded by PCGS as MS66. Lance.
Just an opinion, but Stuart raises the prime fallacy of “independent grading:” There are too many factors that enter into the personal appeal of a specific coin. These prevent objective measurements of even the most obvious things such as nicks and abrasion.
While independent grading is a nice starting point, I see no justification for a coin being “worth” more in MS-66 than in MS-63 if individual factors are considered. I commented elsewhere that I’d prefer to have a truly well-struck 1921 dollar in solid AU, than some flattened out road kill slabbed as MS-66. However, collectors and dealers continue to pay for the plastic not the coin, and that opens a great opportunity for collectors to “cherry pick” top quality examples of Peace dollars, SL quarters, Seated silver and even $10 Indian eagles.
Comments
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
Frost my butt, that thing got lost in a blizzard...
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Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
good luck with that 65
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<< <i>Could that be a the first coin off a new pair of dies? Or is it a photography thing. >>
That's what I was thinking. The "Frost" is quite evident, but there's definitely issues with striking up the perimeters.
---------------------------------------------------------------------------------------------------------------------------------------
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--Severian the Lame
MS65
Will be interesting to see what PCGS says about it.
By electrolytic process, I mean that perhaps someone used it as a 90% silver source for silver plating another object. It's got that type of look to me -- as Bear stated "Altered Surfaces".
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
<< <i>Can anybody find an image of one with similar striking characteristics in a high grade MS PCGS holder? >>
Here is an MS66 that Peaceman bought from me recently. It isn't quite up to the standards of the OP's coin but it shows how a coin struck on badly worn dies can still earn a respectable grade.
Lance.
In my opinion the TPGS's typically overly focus on preservation state (contact marks) when assigning a numeric grade to a coin, often at the expense of (overlooking) other attributes (such as Original Surfaces, Mint Luster & Strike) that factor into preservation state and eye appeal.
The subject coin and lkeigwinis pictured coin are good examples on which to have this discussion. They may have been fully struck based on the advanced wear state of the dies, but clearly the resulting coins struck from these "tired dies" are not fully struck examples for the date. One can make similar comparisons with Capped Bust Half Dollars, and Draped Bust Series coins.
Should such a coin receive a high numeric grade while displaying poorly defined design detail? I guess that it's more of a die state grading discussion. It's an interesting topic to me. I'd also like to hear others forum members opinions on this subject.
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
"Luck is what happens when Preparation meets Opportunity"
Would you pay the same for a fully struck new die MS66 as you would for an MS66 with a die state of a coin that looks like that?
I know I would take a coin from a new die please.
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
<< <i>Lance, I bought that coin from you? I dont think I did... wow is my memory bad if I did. That coin has the same die cracks as mine, wierd. That coin looks free of ticks so my guess is that it'll 65 at PCGS. >>
Sorry, Peaceman. That coin was told to PQPeace. Names just a little too similar. FWIW it was already graded by PCGS as MS66.
Lance.
While independent grading is a nice starting point, I see no justification for a coin being “worth” more in MS-66 than in MS-63 if individual factors are considered. I commented elsewhere that I’d prefer to have a truly well-struck 1921 dollar in solid AU, than some flattened out road kill slabbed as MS-66. However, collectors and dealers continue to pay for the plastic not the coin, and that opens a great opportunity for collectors to “cherry pick” top quality examples of Peace dollars, SL quarters, Seated silver and even $10 Indian eagles.