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<p>[QUOTE="Leadfoot, post: 479380, member: 2972"]Very interesting coin! Thanks for sharing...</p><p><br /></p><p>A few points. </p><p><br /></p><p>First off, I don't necessarily buy this was a new die or trial piece. While I must give Heritage the benefit of the doubt, having seen the coin in-hand, I'm skeptical. In my experience, most early die strikes on Peace dollars <i>aren't</i> super-lustrous -- it takes time for the dies to get worked in before the booming luster coins come out. Furthermore, a coin as weakly struck as this one appears to be (if that's what it is) shouldn't be lustrous because they never hit the die itself to cause the luster. My sense is the coin in question is a very late die state and as a result the die has lost much of the detail but the coin is fully struck (and why the luster is unbroken in the areas that lack detail). All that said, if the planchet were a special one (as Heritage suggests) and already lustrous, then perhaps the story makes a bit more sense.... I'd love to see the coin in hand though!!!!</p><p><br /></p><p>I think many people forget that in the top-pop grades, <b>NGC ranks coins it doesn't grade them.</b> What NGC is saying, essentially, is if you lay this coin next to all the other 66's, it clearly stands out as better. IMO, it is very important to realize that this is how NGC grades.</p><p><br /></p><p>To answer the original question, no, I don't think that a single characteristic can be ignored -- they all should be factored into grading. However, to explain the coin in question, I will suggest that other characteristics can be so great (luster) that weakeness (strike) can sometimes be overlooked.</p><p><br /></p><p>All IMHO & respectfully submitted...MIke[/QUOTE]</p><p><br /></p>
[QUOTE="Leadfoot, post: 479380, member: 2972"]Very interesting coin! Thanks for sharing... A few points. First off, I don't necessarily buy this was a new die or trial piece. While I must give Heritage the benefit of the doubt, having seen the coin in-hand, I'm skeptical. In my experience, most early die strikes on Peace dollars [i]aren't[/i] super-lustrous -- it takes time for the dies to get worked in before the booming luster coins come out. Furthermore, a coin as weakly struck as this one appears to be (if that's what it is) shouldn't be lustrous because they never hit the die itself to cause the luster. My sense is the coin in question is a very late die state and as a result the die has lost much of the detail but the coin is fully struck (and why the luster is unbroken in the areas that lack detail). All that said, if the planchet were a special one (as Heritage suggests) and already lustrous, then perhaps the story makes a bit more sense.... I'd love to see the coin in hand though!!!! I think many people forget that in the top-pop grades, [b]NGC ranks coins it doesn't grade them.[/b] What NGC is saying, essentially, is if you lay this coin next to all the other 66's, it clearly stands out as better. IMO, it is very important to realize that this is how NGC grades. To answer the original question, no, I don't think that a single characteristic can be ignored -- they all should be factored into grading. However, to explain the coin in question, I will suggest that other characteristics can be so great (luster) that weakeness (strike) can sometimes be overlooked. All IMHO & respectfully submitted...MIke[/QUOTE]
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