Guess the Grade, results Sunday night

I haven't tried a grading contest before, but it looks like fun. I acquired this Peace Dollar today, you grade it.

I managed to remove most of the glare from the scanner, this is 600dpi, image area 2 x 2 inches. The line from Liberty's ear down toward the 2 in the date is not on the coin, it's on the underside of the glass; same for a few white dots, unable to remove.

 

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What do we get if we win?

'64......

 

Seems is not in a TPG holder...so what results on Sunday?

 

For green18, no prize, you just get the satisfaction of being right. For wcoins, true, it's a raw coin; the results will be a summary of everyone's guesses, and I will discuss the results.

 

Don't GTG coins have to be in TPG holders? I think it would be the only way to have a "right" answer.

 

Not a peace expert but going ms -63

 

Thanks. Maybe this will make it more realistic. You're at a flea market. You have a detailed price guide in your pocket. You see this raw Peace Dollar in somebody's case. So before you talk price, YOU have to grade the coin in your own mind.

Thanks, Mainebill.

 

65

 

Thank you. Hope to see 30 or 40 posts before we're done.

 

ms-64

 

circ.

AU

 

Dipped bit too much. Average strike. Some bad scratches on leg.
62

 

Keep going, CT-er's!!! I want at least a dozen more opinions, NO, TWO DOZEN!!!

You will never forget the "results" AND "the rest of the story"!!!

 

I don't know that I'd buy it off those scans, but I'll grade it. It looks every bit a gem. Numerically, I'd have to see it.

 

OK, interesting. Thanks!

 

OK, here's the results, AND the rest of the story. We had AU-58 (Treashunt), MS-62, MS-63, MS-64, MS-64, MS-65, and Gem. Hope I didn't miss anybody.

Treashunt is spot on -- a decent AU-58 now thoroughly goosed.

Saturday morning I bought a roll of silver dollars for bullion, 12 Morgans + 8 Peace. I paid $400 plus a 2014 ASE, so the total cost was in the $21 range. I selected this Peace Dollar to illustrate a point I made in another thread, as it was well-struck with relatively few marks in the fields.

OK, "for bullion," remember? In another post, I said you make (or LOSE) money when you buy the coin, not when you sell it. That statement provoked some mild arguments. So I decided to send Ms. Liberty to the spa and the Beauty Shop, to see who among you would LOSE money the instant you bought it.

First, I scrubbed the coin 3 minutes with a toothbrush and baking soda, including the reeding. Then I made several applications of Wright's Silver Creme (my thumb is still a little bit black). Then I boiled the coin 5 minutes in ammonia. It's starting to look pretty good. Then I removed all possible residues with acetone on a chamois cloth. Finally, for good measure, I gave the coin a good going-over with the shirt-tail of my Made-in-Vietnam T-shirt.

If you had seen the coin in its original state, a somewhat grimy surface and a stain above the eagle, you would have agreed it was an AU-58 at best.

Now, according to you-all, I've added about 5 step-up grades in 20 minutes. THIS is why you're losing money on coins. Hello?

ANYONE who guessed MS-anything is immediately under water, and will lose money down the line. And now this dollar ("mutton dressed as lamb" as they say in Australia) is going back into the original tube of twenty, probably never to see the light of day again.

Thanks for participating. Collectively, I saved you-all a lot of money in your upcoming purchases, I hope, plus a little understanding why some of you lose money buying and selling coins.

 

You devil. I hope your thumb falls off........

 

LOL. Gotta see the eye-doc tomorrow, too much glare from this BBBBBBBBBBBBBU dollar.

 

Grimy surface and a stain above the eagle don't degrade a coin that much. That coin even with the problems you mentioned would still be at least a MS60 coin. It's wear that makes it AU. Does it have wear or not, that's how you prove your point. A question I can't really answer since these coins are not my thing, I just took a guess.

Well after your coin cleaning - coin soup experiment now it might have wear that didn't have initially. I wouldn't be surprised if you took a mint state coin and damaged it just to prove your point.

 

Wcoins trying desperately to justify his MS-62 guesstimate...

Sixty years of collecting, first time I've ever been accused of damaging a coin to "prove my point." If you're ever in Columbus, stop by and I'll pull it out of the bullion stash for your inspection. It was a $21 coin before I started, it's a $21 coin now, and it will ALWAYS be a bullion coin. And yeah, that toothbrush really took a lot of metal off the reeding, LOL LOL LMAO, get serious.