Thoughts and opinions on the Trade Dollar....

What is your opinion on this Trade Dollar? It was graded by Anacs in 1982. The coin is white and has prooflike surfaces. The surfaces are also prooflike and white in the photos on the certificate. Here are the 3 scenarios:
1. The coin is a circulated proof that has been dipped.
2. The coins is a circulated business strike with prooflike surfaces that has been dipped.
3. The coin has been highly polished and Anacs totally missed it and graded the coin AU50/50.
What say you?


1. The coin is a circulated proof that has been dipped.
2. The coins is a circulated business strike with prooflike surfaces that has been dipped.
3. The coin has been highly polished and Anacs totally missed it and graded the coin AU50/50.
What say you?



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Comments
"3. The coin has been highly polished and Anacs totally missed it and graded the coin AU50/50."
This is just my best guess based on the photos provided, which are very tough to grade from...
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>#4 its a coin thats destroyed >>
Elaborate on destroyed.
I agree with the above and noticed it when we went over this what, yesterday? As for the photos - a few have said they are lifeless. This is just how I remember these b/w cert photos way back when these first came out. First I bought was a 1921-P in MS63/63 or 64/64 if that grade even existed then.
BTW - when the very first gen small ANACS slabs came out did the just use PL or was there PL and PL Mirror?
Thanks,
Eric
Photos suggest some polishing but aren't conclusive.
Choice #2 is easy to go along with.