An attractive original example, with some light album toning that made it difficult to image properly. Considerable luster remaining although it may not show in my images; I would say in the middle of the AU grade range. Despite the common view of this being a common date, not terribly available in better circulated grades my experience. Oddly enough, this is acknowledged as a true scarcity in BU grades - barely 150 certified at PCGS out of a Mintage of 35+ Million. This is a pattern which extends to a number of dates in the series, where VF to AU+ coins appear undervalued to me. The reason in my opinion is that nobody supports the price structure. Mass mailorder dealers who service “hole fillers” support the Wholesale value of low grade coins (Good to maybe a Fine), as that is what they sell. Other higher-end dealers who service the relatively small number of collectors who actively pursue BU coins support the Wholesale structure of certified coins above MS-60. The “middle” gets ignored. Frankly, other than a small handful of dates, mainly from Philadelphia, almost all coins from 1917 to about 1923 are undervalued if correctly graded.

1115-03