This coin is bewildering. It has MS surfaces in terms of wear. The strike is typical for the date—below average. If you find a well-struck 1934s, good luck on that—you just found a $5,000 coin. Luster is definitely somewhat dulled, obviously from overdipping. If I were grading it, I would have gone either AU 58 for muted luster, as there is no wear, or MS 61, as there is no wear. Here is what NGC decided, and I get their logc. The luster brings the grade down, but not enough to called it a details coin. I think they went a bit too low, as I said, I would probably have gone AU 58, due to sharply escalating prices in MS condition. I still like it a lot, as it is a decent example of a key date.
to conservative it has the luster of a high AU and the detail of a MS you must of gotten a good deal.
Well I said a 61 but Peace Dollars are difficult to grade and this date is harder than others. Weak strikes are common but I'm not seeing any wear, just a weak strike and a lack of luster. The luster can be accounted for by dipping but it can also be a sign of a poor strike, which is common on this date.
I was thinking low mint state, dipped at some point but some light toning now, nice coin for the grade
Ya'll know that we are grading from static images right?. The only way to properly catch the beauty of a coin , is to rotate it in your hands.
Strikes of ALL 1934s coins are weak. It was the last San Francisco issue of the series, and the dies were completely shot.