It is so much more fun when the GTGs are descriptive, as we get much more detail, to justify the guesses. Most of the responders so far are experienced collectors, but I think the focus on the elements of grading is much more rewarding. So far, it has been a very interesting and informative GTG.
The luster screams premium gem, and the cheek looks more like luster grazes than hits, so I am going with a solid gem MS65. I think the coin is just too busy for a premium gem grade.
You make a compelling case but I once owned an MS66 Peace Dollar that had a wheel mark like the one on this coin and it still straight graded so I think this one probably graded as well.
Ok, once I posted a picture with less light flooding the coin’s surfaces, most people got it. This proves that all of us must be careful to post accurate pictures of the coin, that are neither beauty contest TrueViews, or blurry, grainy pictures. I know I need to take more careful pictures at times. Honestly, we are guessing the grade of a photograph of the coin, not the coin in hand.
I originally said 65 should've stuck with it its hard to tell sometimes by pictures but its also sometimes the coin is graded a little to high or low itself,this one is just perfect.
You were close. But really, if you feel you see actual wear, you should not assign a mint state grade. The coin shown here shows light coin on coin contact, and often the highest points are affected. But that's it for this coin...no "wear".
I'm not so sure you were wrong, I just think that the TPGS overlook it on Peace Dollars for some reason. Here is the MS66 that I referred to earlier. Look at the left rim running into the motto.
Was one of my all time favorite (non Jefferson Nickel) coins. Hard to find a 25 with that much luster.