How to Grade Peace Silver Dollars
The best way to start learning how to grade Peace dollars is by looking at these pictures and pictures and studying the explanations. Remember that coin grading is the expression of an opinion that describes the condition of an individual coin that most dealers and coin collectors would agree with. This flatness isn't wear and other areas of the design must be considered to properly grade a Peace Dollar in AU-MS grades. Concentrate on the part of the hair just above the forehead and the hair bun, on the obverse, to look for wear and look at the high point of the eagle's wing on the reverse. Images courtesy of wooustoday.com Mint State (MS65).
Peace Dollar Pictures for each date. Peace Dollar Coin Photo Grading. Very Fine VF Almost Uncirculated AU Mint State MS Extremely Fine EF Grading Peace Dollars poses a different set of grading eyes, because this coin was struck in high relief, and will more often than not display heavy flatness on the hairline along the back of Howw face.
This flatness isn't wear and other areas of the design must be considered to properly grade a Peace Dollar in AU-MS grades. Concentrate on the part of the hair just above the forehead and the hair bun, on the obverse, to look for wear and look at the high point 125 grams is equal to how many cups the eagle's wing on the reverse. Images courtesy of HA. Disclaimer: This is just dolkar guide to give you an idea of what your coin might grade.
Often coins will grade higher on one side vs. In example, it's possible for a coin to grade G4 on its obverse, but grade VG8 on its reverse. Also, this guide is not a claim that one's coin will obtain any grade listed if submitted to a third party grading service. AU50 Almost Uncirculated. AU55 Almost Uncirculated. Coin HELP! Have numismatic question click here. Peace Dollar ebay auctions. Complete Collection. Rolls Of Peace Dollars.
Step 1: | Date and Mintmark Variety are Identified
In the Good grade a Peace dollar is worn noticeably flat over wide areas of the surface. Merging of details has removed many of the finer elements once enhancing Liberty and the Eagle. Remaining however, is a clear date and much of the lettering. A rim fading into the lettering is a key point in holding a coin from a higher grade. Most collectors prefer Peace dollars that grade at least MS Such coins should have full luster, but they also may have a number of small contact marks and perhaps one or two larger ones. In grades MS and lower, a grading service such as NGC does not weigh their sharpness of strike heavily. Jun 08, · And most Peace dollars have been knocked around during their time in mint bags and on the casino floor. A typical example in MS Better examples for the grade will come at a wooustoday.com: Ron Drzewucki.
You would think that a coin as large as the Peace dollar, with generous fields, would be easier to grade than most other denominations. Yes, grading is subjective. When it comes to Peace dollars, that maxim may not hold because of so many variables.
In sum, one set of graders may weigh different aspects higher or lower than a different grading team. However, that is not reflected in retail values between Specimens in Almost Uncirculated and Uncirculated conditions. The issue of Mint State versus Almost Uncirculated Peace dollars has confounded even the best numismatic graders. There is an insightful article about this on the NGC website.
Researcher David W. Lange writes:. The real problem lies in distinguishing very lightly circulated Peace dollars from those that truly are M int State. Perhaps no other series has such a high percentage of Specimens that are almost, but not quite, Uncirculated.
These usually were purchased as gifts or for some promotional campaign and often were deposited in banks as quickly as they were received. But the problem—distinguishing Almost Uncirculated from Mint State—remains, and the consequences are harsh if you cannot tell the difference. Moreover, it gives sellers an opportunity to pass off sliders as Mint State coins, costing you plenty if you purchase coins raw or ones in holders by any other company besides PCGS or NGC.
What grade do you give it? Here are keys to grading Peace dollars:. In my view, the obverse of the S Peace dollar above is in Uncirculated condition. Toning is less than desirable, affecting luster poor. So I grade this MS or However, there are two problems with the reverse. The rust toning appears at the critical device of the lower wing and leg feathers, which are weak. All in all, considering tone and luster, I give this an AU There is really no good way to tell condition other than evaluating the reputation of the holder here.
But it does show toning, and PCI coins often tone well. One of the chief drawbacks buying coins online, as I have noted previously, concerns the poor quality of numismatic photos. So what did PCGS grade the dollar? Unlike Morgan dollars, with the obverse grade playing a major role in the final grade, both sides of the coin in Peace dollars matter, with the lower grade side usually determining the final grade. True, I could have resubmitted this, trying for a different outcome—and might have, too—if the weakness of the reverse was questionable.
I share this as a warning concerning bidding on Peace dollars. Cast low-ball bids on any raw coin, even keys such as and S, and treat coins in lesser holders as raw.
You would have to crack out the coins, a hazard to both you and the coin, as there are safety concerns. So send your crossover candidates to PCGS, and brace yourself for the outcome. Keep in mind that PCGS allows you to designate a minimum grade you would find acceptable. Any tips or experiences to share concerning grading Mint State Peace dollars?
Do tell in the comment section below! Follow us on Facebook and Twitter! Nice read. In point number 4, I am unfamiliar with silver quality being different from Morgans. As far as I know, both are 90 percent silver, so is the 10 percent different among them? Thanks for writing, Joe.
All metals have impurities. The Comstock Lode was discovered in , and silver from the Nevada mine was used for Morgan dollars and other denominations. In , the Pittman Act required melting of silver dollars. During , the government melted million silver dollars. Planchets were made from the melted silver with much of that going to to the British.
We also used that silver for Morgan dollars and later Peace dollars. But the problem even with those are inconsistency. Your email address will not be published. Enter your email address if you would like to be notified when a new post is posted:.
I agree to be emailed to confirm my subscription to this list. Latest News Subscribe. Lange writes: The real problem lies in distinguishing very lightly circulated Peace dollars from those that truly are M int State.
Here are keys to grading Peace dollars: Check high points for marks — the cheek and the lower neck on the obverse, and the lower wing and leg feathers on the reverse. Evaluate the strike and luster, which should be strong and even on both sides of the coin. Take into account the silver qualities of Peace dollars, which do not tone easily and beautifully, as Morgan dollars, because of the particular metallurgic qualities of silver.
Often they develop a rust-like or spotty tone, especially if they have spent time in circulation or in poor storage conditions. If you wish to buy a coin or banknote, you should contact a reputable dealer. Nor will trolls. Allegations of fraudulent or criminal activity against a named party, when said activity has not been proven in a court of law, will be removed. Comments Nice read. Thanks as always for your comment! Leave a Reply Cancel reply Your email address will not be published.
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