1921-D Walking Liberty at PCGS

Hey guys, just posting this to let you all know that my 1921-D Walking Liberty is being graded by PCGS.

Hopefully within the next few weeks I'll have it back with a grade or without a grade.

I'll keep you all posted via this thread on it.

 

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I can't wait to hear what they have to say.

 

How about posting your pics of the coin again so we can all take another last look before it's entombed in plastic??

 

You should have just updated the first thread, IMO.

Good luck with the submission.

 

I have heard that with key dates they give it a market bump, just what I have heard, so who knows it may get a fine?

 

I thought that thread was closed and locked?? Maybe I'm thinking of one of the other threads though

 

Good luck with your grading sub BNB. What is it about 1921 that makes everyone want a Walker, Morgan or Peace dollar with that year. what gives?

 

Well, 1921 has key dates for both Walker Halves and Peace Dollars.

 

don't forget Mercury Dimes and Standing Liberty Quarters! Nearly every coin from 1921, with the exception of Morgans is a key date.

 

Man, I miss all the good stuff. :bigeyes:

 

That's true, I didn't mention that because of the previous poster's statements...but you are correct.

 

1921 Morgans are nothing special. Why ? Ultra-high mintage.

Since a dollar has more silver than any other coin, and they made so many $1s in 1921, the mint had less silver to budget for other denominations. Thus 1921 can be a key date.

But not for Morgans.

 

I'd rather have a 1921 $20 Saint Gaudens

Still waiting for the grade on this '21-D Walker though. PCGS has their current turnaround estimate of any economy submission at 35 business days!!! The regular service is only taking 17 business days though! Guess we better be patient.

 

I knew that but never really gave it much thought. The Mercury Dimes were the 2nd lowest mintages that year. Now for Lincoln Cents there was no big thing in the 21's. And with the Indian Head/Buffalo Nickel the 21S too is rather up there with the rest of the rarer ones. So what was going on in 1921 that effected some but not all coins?

 

The economy was going trough and economic slump after the end of the first world war. (Typically the economy goes through a down turn after the end of a war. All the money being spent on war production dries up, orders are canceled, with canceled order factories lay off workers, and then at the same time the labor market explodes with all the returning soldiers. With so much excess labor available wages decline. Result recession. ) With the economy in a recession a lot fewer coins are needed and so mintages fall. And it wasn't just a single year thing either. Mintages were low in 21 but no nickels, dimes, quarters or halves were struck in 22 and cent production dropped in 22 as well with a low mintage from a single mint. About the oly place that wasn't affected was the mint which had plenty of silver and a mandate to strike and replace the 260 million dollar coins melted under the Pitman Act. So the mint had PLENTY of work even if the county didn't need coins.

 

Conder101, as I was reading these posts I knew at some point you were to come in and explain it all. Actually there's some comfort in that. It's good to know that there are always people here at CoinTalk who will answer your questions, succinctly and with knowledge and experience. Thanks guys.

Bruce

 

The coin was graded a G-6 by PCGS.

I still think I'll keep it since I wanted to fill my album up with one.

 

I'm a little surprised by that. In my experience, TPGs tend to overgrade the key date coins a bit...but in this case I feel they got it exactly right.

 

Which is pretty much what everyone guessed in the original thread along with explanations as to why. They got it exactly right and at least it slabbed. You can't complain.

I'm glad to hear it didn't get a bump up for being a key date. What good is a grading system if everyone expects them to do that?

 

Alrighty then! No wonder I got a 1921 Morgan for about $15 dollars at my coin club. :bow: