An original Uncirculated example, “Brown” however with some considerable remaining original planchet color. As is the case for most of the 1920's San Francisco Mint coinage, this is not "Red" but more of an ocher. Some streaks of bluish toning on the Reverse, the result of a "woodgrain" planchet. Decent strike for the date. Equivalent to what will normally certify MS-63BN.