Please grade my new 1927 S Peace Dollar

Discussion in 'US Coins Forum' started by Coinsnake, Jan 18, 2012.

  1. Coinsnake

    Coinsnake MorganMan

    I'm not big into Peace Dollars, but I'll snatch one up if I see a good deal.
    Anyway, I don't really know how to grade them that well so I'd like some help with this 1927 S. I'm gonna say MS 62-63


    Thank you so much!
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  3. LostDutchman

    LostDutchman Under Staffed & Overly Motivated Supporter

    I'd agree with your grading from those pics.
  4. Fall Guy

    Fall Guy Member

    I'm not big into peace dollars either, too bad about the marks on her face but that is still a nice looking coin.
  5. iGradeMS70

    iGradeMS70 AKA BustHalfBrian

    Your grades are fair... May sway closer to MS63, IMO. It'd be a good lookin' Dansco coin, if that's what you had in mind.

    What's the seller's asking price? (I'm assuming you haven't purchased the coin because you aren't speaking in the preterite)

  6. mikenoodle

    mikenoodle The Village Idiot Supporter

    I was thinking MS-63, so I think you're about right as well
  7. Leadfoot

    Leadfoot there is no spoon

  8. Cazkaboom

    Cazkaboom One for all, all for me.

    Okay, why do peace dollars have such weakly struck lettering on the reverse?
  9. Coinsnake

    Coinsnake MorganMan

    It is mine. I picked it up today. I got a VERY good deal on this one. I'll just say it was under $200 and keep you guessing. ;)
  10. CashDude

    CashDude Member

    63. Maybe 64 if you get lucky.
  11. thecoinczar

    thecoinczar Member

    I agree with the consenses and would give your Peace Dollar a MS63.
  12. iGradeMS70

    iGradeMS70 AKA BustHalfBrian

    Very nice! :thumb: Do you plan on sending it off to PCGS? Looks like it'd be a good candidate for a submission...

  13. Phil Ham

    Phil Ham Hamster

    I was thinking MS62 but I could go to 63.
  14. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    if it passes weight and content check id say a 64or better 63+
  15. Coinsnake

    Coinsnake MorganMan

    Probably NGC because I'm already a member. It'll be a few months before I submit her though.
  16. Kasia

    Kasia Got my learning hat on

    I like that coin!
  17. Coinsnake

    Coinsnake MorganMan

    Planning to take this coin to my local shop today to either sell or trade for a nice Morgan. How much should I expect him to offer me for this coin? Would $300-350 sound about right? I'd bet we would both agree it's a 63.

    Please helpme with a ballpark.

  18. jloring

    jloring Senior Citizen

  19. lkeigwin

    lkeigwin Well-Known Member

    I would say 61-62. I would be very surprised if a dealer offered more than $200.

    Don't get me's a nice enough coin. But dealer's have to mark up to make a profit and the coin is raw and not exceptional.

    During the 3-4 days in 1921 when high relief peace dollars were struck the Mint quickly concluded that it could not continue for future years. Dies were breaking due to the extreme pressure needed to strike up the coins. The design did not lend itself to ideal metal flow. Prominent devices are opposite one another.

    So a decision was made, after lots of failed experiments with different relief, to strike all future years dollars with a lower relief design. New hubs were created. Lettering on both sides was made broad and flat. Both obverse and reverse lettering and numerals were poorly defined. Device high points were flat.

    It's really too bad how things turned out. I love the design but there are lots of compromises.
  20. Coinsnake

    Coinsnake MorganMan

    I think I'm going to put it on eBay in the next couple weeks and see what happens. Hopefully I'll get enough to buy a nice slabbed Morgan toner.
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