1921 Morgan Prooflike

This guys in denial

 

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I've already attributed the reverses in this thread. And your images are plenty good enough to identify what I've seen a thousand times before.

You're a victim of confirmation bias, and not listening to reason. I'm done offering it.

 

You can lead a horse to water, but you can't make him drink.

 

Au details cleaned and polished

 

He's not gonna listen to you

 

One last thing:

 

It's just that taking to a "dealer" is often recommended, and people need to realize that not all are fountains of knowledge. Nothing less and nothing more. In this case it obviously isn't going to matter, and no, it doesn't take an expert to see the problems. However, because he believes the coin to be something very special, it's only right that he search out someone knowledgeable in this area as opposed to just any schmo standing behind a secondhand counter.

 

Sorry, polished. You're certainly not the first to be fooled, and you can certainly third party grade it if you want, but to an experienced eye, no question it's a problem coin.

 

I wonder what that could be

 

If you live in an area where there are stores and dealers, all it will cost you is some of your time to let the dealers have a look at it and tell you their opinion.

 

I have seldom seen an inquiry get as much feedback as this one. If you want to ignore the unanimous opinion of this group, you do it at the risk of your own wallet. Trust me, they know what they're talking about.

 

I respect all of your opinions and value your imput. And I want to thank everybody that contributed to this thread. I guess I am probably wrong. But I will definitely seek out an expert and see what they say. Everybody has a dream.

 

Climb those Golden Stairs!!!

 

Is that you Martin?

 

Put me in the non PL group. The coin is polished.

Why send to ICG when there grade does not mean much in the market. Look at the difference in PL's between NGC and PCGS and then look at the difference in DMPL's from PCGS to NGC. The only place to go with a true PL/DMPL 1921 is PCGS. I think the NGC pop in DMPL has over ten times the PCGS pop.

I currently own a 1921 P in PCGS DMPL. I had 7 1921 P in PCGS PL with CAC stickers. This coin is far from PL or DMPL for the date.

 

I'd designate that coin as scrap quality, no offense. Okay, maybe a pocket piece. Besides familiarizing yourself with more coins (look at them for free on ebay, in change, at shows, etc), you also need to think sensibly about this. You mentioned not getting it for much. There's probably a good reason you got the coin cheap, namely it's a problem coin. Hitting the jackpot in coins is rare, most of us would agree. But when it happens to some extent, it's usually because of countless hours of research and familiarity. I'd recommend a basic book on collecting before anymore purchases, let alone grading fees

 

Good advice. After the first couple of basic books, I'd recommend a couple of good loupes, a strong light, and a straight-graded PCGS 1921 Morgan, around MS63-64.

 

Thanks again guys. When it comes to coins, I have a lot to learn, but I like it and that is why I purchased the Mega Red Book. There is a ton of info in this book compared to the regular edition. And if it wasn't for that book, I would have never known about these varieties. I was thinking about grading some other morgans that I have with ICG because they are only $12. a coin but I am always steered away from them by many of the responses. Anyway we shall see and I will certainly do a walk in to a local coin shop to get an opinion on this 1921 morgan without wasting another penny. And again thank you for waking me from my nightmare.

 

Bill, I too a few years ago, when I was very new, thought I had a Zerbe or Chapman proof that turned out to be highly polished. I know exactly how you feel in this situation, literally. It was before I found coin forums and I sent it to pcgs and sure enough it came back details. I learned the hard way on that but at that time I was using pcgs to learn how to grade as like I said I hadn't found these forums yet. Let's just say I paid a pretty price for a very limited education during those days. Once I found the forums I was set on the right path and gained enough actual, true knowledge to build upon. I stopped 95% of my buying for about 6 months until I felt I had the basics down. Now, I have a collection of morgans (and others) that some would drool over and I can cherrypick vams with the best of them (well maybe not the best, those guys have gnarly vam knowledge) anyway I suggest you hold off buying for a few months at least and participate in forums as much as possible with an open mind ready to learn. It will pay off big leauge!

 

That is great advice and I surely will absorb as much as I can from this community. As far as buying, my main source has been on ebay. And believe it or not, the little bit of education that I got, I have scoured on some of the auctions. For instance I recently purchased one NGC graded MS-66 morgan for $189., but before I dropped what I call the bomb to win it at the last minute, I ran the vin # with NGC and it showed the value as $425. This is how I am making my decisions lately. I will only buy the rarer ones and I research them out before I set out to get them. But I also realize that those bargains are hard to find as most sellers will start their auctions at the current value; but from my research I am aware of that and look for the next one.