should i submit This 1921 Peace Dollar in for grading?

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should i submit This 1921 Peace Dollar in for grading?

#1 Unread post by MLC »

I just bought this coin at my pawn shop it has a little damage on the obverse should I Submit this coin?
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Re: should i submit This 1921 Peace Dollar in for grading?

#2 Unread post by SensibleSal66 »

It's a personal choice .
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Re: should i submit This 1921 Peace Dollar in for grading?

#3 Unread post by MLC »

What would you do?
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Re: should i submit This 1921 Peace Dollar in for grading?

#4 Unread post by Funky Strike »

Very Nice looking Peace Dollar!

In my opinion - 1921 Peace Dollars can be tough - Key Date - Prices all over the place - As these guys always say - consider the cost of the coin - the cost to send it in and then what it's worth when it comes back - It's looks too beat up to be considered MS (again - in my opinion). Looking at recent sales on eBay - depending how it comes back it could be a $175 - $300 coin - I agree - it's a personal choice - here is a sampling of recently closed PCGS AU auctions
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Re: should i submit This 1921 Peace Dollar in for grading?

#5 Unread post by MLC »

Yes it is showing up but most of the people on here don't have alot of time. I seen some of the things you posted and I not to sure about it
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Re: should i submit This 1921 Peace Dollar in for grading?

#6 Unread post by Earle42 »

Thinking of Slabbing? Make sure you understand the Facts...or Lose Money.
1. The grading companies are not a way that the majority of people, even those with a great deal of experience and know what they are doing, are going to be able to make a of money from. A lot of people go into it thinking they will find a way to finance their hobby and learn a hard lesson quickly.

2. Watch some of Daniel's videos where he gets pieces back form the grading companies. Note even people who live, eat, breath, and deal coins for a living (like Daniel) can accurately predict what grade the companies will give. And...the "fault" (not really a fault) is in a mistaken perception - not people like Daniel.

Coin grading companies are a business out to make a profit - this is why they exist. They use a system where (allegedly) three graders look at each coin and give an opinion. The company videos showing the process make you believe this is a relaxed paced process of studying each coin. In fact one PCGS video shows a number of guys sitting around a table discussing what they think a specific coin should be graded as (on youtbe somewhere - sorry no link). Uh uh.

If you take a PCGS graded coin slabbed as MS64, break it out, and resubmit it to PCGS, you are never guaranteed the same grade again. The slabbed coin might come back MS62 (bad day for graders), 63, 64, 65, 66 (great day for you!). This is b/c the process is all subjective: No scientific/verifiable standards or methods are used. Personally having talked with former graders (granted - its been awhile), the process is very rushed since they told me graders are paid by how many coins they can get through in a day.

But..this is all hearsay without proof. So...
http://goccf.com/t/346174#2967242

https://www.coincommunity.com/forum/top ... _ID=130186

Also link to and read (download if you want it) the pdf link in my signature. The verifiable data presented shows trusting people have spent thousands of dollars on many slabbed coins that are not what the companies claims/slabbed the coins to be.

You don't have to throw in the towel over these companies...but education about the reality of them will put you on the right pathway to dealing with them in a legit way without losing money in the process.

And…if you just like to collect slabbed coins for what they are, which makes losing/making money from slabs irrelevant, then of course enjoy them!
Fact Check the grading Companies:
Fact checking grading company shortcomings on NO FG halves:
https://tinyurl.com/yalrstjz or higher resolution version: https://tinyurl.com/y7rksxu8

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Re: should i submit This 1921 Peace Dollar in for grading?

#7 Unread post by BMH »

I don't think it would grade very high if at all because of the damage and grading it wouldn't be cost effective in my opinion.

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Re: should i submit This 1921 Peace Dollar in for grading?

#8 Unread post by silverbul »

may i ask how much you payed for it?

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Re: should i submit This 1921 Peace Dollar in for grading?

#9 Unread post by Alanike@aol.com »

My opinion is you found one that many wait years for to fill that hole in the set.. Leave her Au-natural and pat yourself on the back for getting a key date..... She's yours

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