How is this an MS-69? PCGS 2021 Peace Dollar

I don't think the 2021 Morgan/Peace dollars should be compared to the originals; they should have been commemoratives right from the start. I guess its a love em or leave em kinda thing...

 

Log in or Sign up to hide this ad.

looks like reed marks across the cheek and neck. any original Peace dollar with those marks would probably get a MS64 grade.

 

How many of those marks seen would cause it to be a MS-68 on a modern (or specifically, on a 2021 Peace Dollar)? It's in a high visibility area on the relief, too. 50? More?

 

I would send it back. Those marks would really bother me. I agree with many other people here I wouldn't call that a 69.

 

i have a kennedy in pf70dcam, that has a scratch on his cheek, AND contact (reeded edge) marks, yet pcgs says 70..anything can happen, they are humans after all..

 

I don't like this curve grading. It seems a bit extreme... Either that, or the graders were rushed or there was an error along the way somewhere maybe.

 

On a modern, that isn't a silver eagle or commem, a coin rarely makes it into MS68 and, MS69-70 is basically unheard of. MS66-67 is about the top tier with a 68 or 69 being a rare grading incident.

on this coin or a silver eagle, for whatever the reason, they are not graded as harshly as they would other coins/issues, likely marketing angles. if you got a MS70 silver eagle and cracked it out it would still be a coin toss if it got regraded as MS70 again, it might come back MS69 instead, and there might be some MS69s that should be 68s, or possibly could be 70s.

Buy the coin, not the holder. If it's not satisfactory, return it.
On PCGS, https://www.pcgs.com/coinfacts/coin/2021-1-peace-dollar-100th-anniversary/images/877714

I'm hard pressed to see any difference between the 69s or the 70s that are shown in most of the cases.

I personally don't like how they handle them compared to all the other coins out there that have little to no possibility of reaching even MS68 as far as their grading standards are concerned, but probably why you can get a MS70 silver eagle for like $70, and a MS69 for like $45, and an ungraded one for like $38. They throw the standards out the window, everything is a 70 and a small amount 69s, and everything else isn't worth the grading fees.

PCGS graded like 8000 2021 peace dollars as MS70, and about 2000 at MS69.
2x MS68, 1x MS67, 2x MS65.
My personal opinion, their grading on those are for resellers and a joke as far as a real grade. why else make 30 different labels...

 

They bother me and its not my coin. Something with the hype (and cost) should not have marks like that.

 

Because most of the bulk submitters put 70 as the minimum grade which skews the populations

 

Man, those dings are so noticeable. I too would send it back. Good luck.

 

I can only imagine what the MS62 looks like, if this is a 69.
Edit: Oops... The 62 is a Morgan but I think the point still stands.

The grading for these modern coins is skewed too far upward - undoubtably a marketing gag and the result of bulk submitters requesting minimum grade of MS70 as baseball21 said
from PCGS pop. report.

 

according to PCGS: "Minimum grade requested cannot be MS/PR70; minimum-70 Bulk Submissions will not be accepted"

It's my understanding they have to select a minimum of MS/PR69, and any rejects will cost them $2 to look at. anything above the minimum set is $14 for grading.

 

2 many hits to grade that being MS-69. Maybe MS-66?

 

You or I can't select 70 as a minimum grade, the big boys can. If one of us wanted to spend 100s of 1000s or millions a year on grading I'm sure we'd be able to as well.

What your quoting is the collector bulk submission fees. The big guys pay 4-6 dollars for most ultra moderns and send in thousands that get done first while our bulk submission would wait until they were done with those. That's one of the reasons why you always see such a high 70 percentage right off the bat that will come down some over time

And yea I know this for a fact. I had a friend get charged the big boy pricing one time last year and it was incredible that I happened to have some coins in it too haha

 

Assuming someone didnt try and make it a 62, I'd guess theres a bunch of milk spots on it already

 

I thought that too. Or some real obvious scuffs.

I mean, if I got one with that many milk spots that it would become a 62, I forsure wouldn't submit it.

2021 Morgans lowball set coming?

 

Haha I'm guessing they just sent them in without looking at them. That'd be brutal if they did check them then it happened after they shipped it.

I wouldnt be the least bit surprised if someone started taking some of the milk spot ones to wear down. I'd rather have a low ball then a milk spotted MS one. Now if I got a 62 back I might have to just use it for target practice lol

 

Wow talk about raping your eye appeal. How do you even put that in a box and send it to a collector? I guess there are people who would buy a coin like this. If it were cheap... and .01 start... to the highest fool...

 

Not a 69 IMO. Too many marks and in prime focal area.

just start it near melt and blow it out on eBay.

Hope you did not get hosed. Pre sales can be invitation to paying too much.

 

I don’t like it. Nobody would buy that