1921 Peace $

I got this at the Sacramento coin show. Please grade and & guess the price.

Thanks in advance,

Bruce

 

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Au-53
$85

 

These were just taken,in the sun with a SONY Cybershot 6Megapixels

Roto, where do you see wear on this coin? I see the nick on the jaw and a bag mark or 2 on the cheek.

Bruce

 

there is wear all over look at the hair next to the ear on the reverse see the wear near the tail. i hope you didnt buy this as an unc

 

I like this coin, the Peace series are my favorite silver dollar. I myself am going to a coin show tomorrow, the 1921 is one thing I am looking for, so I am interested to hear the price paid.

 

Based upon the second set of images I'll go with a grade "guesstimate" of AU53.

 

I have returned the coin to the father & son team and told them that I would never buy from them again. and I am going to let people know of their misrepresentations at these shows and I would guess their website & ebay store also.

John McIntosh and his son sell out of www.McIntoshCoins.com and can be reached at (916) 761-2543. I'll find his Ebay store later. He initially offered me $40 to try and placate me. I told him other dealers at the show had told me that the coin was definitely BU no less MS 63. The lack of dings and the clear face and field blinded me into thinking this was a BU coin at a decent price. Boy, was I duped.

The yearly coin show is billed as the McIntosh Sacramento 2-day show with Mc & son taking the largest space at the entrance.

I went on to spend the money he refunded by buying some tough IHCs to upgrade that set. And another AU 1921 Peace $ and an AU 1925s Peace $.

Nobody likes to be ripped off and I thank my CT friends for such swift and honest replies to my thread.

I really mean it when I greet newcomers to CT that "You'll learn a lot here"

Bruce

 

I agree with GD on the fact that maybe the fields have been played with. It's way too clean, and especially for an AU coin.

I'm going to disagree with the masses here. I'd say its a BU coin if the fields haven't been tampered with. I'd like to see the coin in hand to verify that, but let's be optimistic and say the fields are original. The 21 peace dollar is natorious for being weakly struck especially in the eagle's wing feathers and the hair around the ear. I've seen MS-64 coins in PCGS, NGC, IGC and ANACS holders that are poorly struck in these areas. I might be wrong and may change my mind with the coin in hand, but the peace dollar can be a challenge to grade. With that said I'm far from a pro.:whistle:

 

When I originally appraised the coin I knew that the hair and the tail feathers were notorious for being weak, That and the obvious lack of marks on the coin itself convince me to buy it as a MS63 with a weak strike. Upon rethinking this through and getting other dealers opinions I came to the conclusion that this was wear, not just a weak strike. The 1921 IS the HIGH RELIEF issue of the Peace dollars and should have been stronger in the weak spots except if it was worn there. So, I returned it. Just the fact that they offered $40 as a partial refund leads me to believe that they knew what they had and were trying to "off" it as a high grade for a high price.

Bruce

 

Bruce, seeing as you didn't know that coin wasn't uncirculated, I'd strongly advise against buying additional coins until you get a considerably better grasp of grading. Otherwise you are certain to make costly mistakes.

 

Maybe I don't understand teh partial refund thing. An au 1921 pease is worth far more than $40 bucks. But I'm not defend him either I wasn't there.

 

"Maybe I don't understand teh partial refund thing. An au 1921 pease is worth far more than $40 bucks. But I'm not defend him either I wasn't there."

Tater, They were hoping that if I accepted the $40 and kept the coin I'd be satisfied that I got a better deal. Instead, I returned the coin to them for a full refund. They said they were going to put it into another 2x2 fold and relabel it. (As what I don't know)

Bruce

 

Gotcha Bruce,
Sorry about the expirence. I've seen a lot of people miss grade peace dollars more than other coins. With that in the past what else did you get from the show? How was the show in CA, more important how are prices?

 

As you can see from my spelling I'm tired tonight so I might be a little slow also.

 

Not trying to defend the seller or anything...but aren't 1921 Peace Dollar's especially hard to grade and graded differently than the other Peace Dollars. By that I mean, since the coin's relief is different aren't there slightly different high points and wear spots?

I don't have many Peace Dollars and don't actively collect them right now (and I don't have a 1921), but thats what I heard somewhere.

 

You're right Richie they can be a trick to grade. I need to look at a bunch more before I'm more comfortable with this coin. Maybe the trick with this coin is that the high points are higher than the rim, hence high relief and the reason why they stopped making them in high relief, the banks couldn't stack them. Maybe on this coin, original post, that is why some wear is on the coin and the fields are for the most part clean, unless GD is right and the coin has been played with, or even buffed. I have bought coins from this dealer and have got some good deals. The coins were slabbed all but one, a 1922 S peace dollar. Feel the irony. He said that it ws ms-63, but I knew it wasn't. I bought it as a filler coin at a little above spot so I felt good because the coin is at best unc. Maybe this dealer can't grade peace dollars. Got me, time to call it a night. See ya all tomorrow.

 

Here's what he's worth

John McIntosh may have done right by you in the past but he had that 1921 Peace $ marked at $410 for all to see and buy. The photos I posted were taken by me and not altered in any respect. The first ones were under incandescent light and the 2nd set in sunlight. Granted the coins looked almost flawless in hand and in the pictures. As an experienced collector/dealer, he had to know what he was selling. Other dealers at that show didn't hesitate to tell me that it wasn't a MS 63 coin but an AU coin. Everyone at CoinTalk that responded to my "What's it worth?" thread said it was AU.

So, how trustworthy is Mr. McIntosh and his son? In earlier posts here I explained why I bought it for a high price. But that doesn't explain why he misrepresented the coin and sold it for twice what it's worth. To me, the answer is obvious, GREED.

You may still have utmost confidence in him & still think he's trustworthy, but I can only go on my own experience with him and his son. I'll NEVER buy anything from him and I would dissuade anyone else from buying from him. In my opinion he is DISHONEST.

Bruce