What is consider a better grade?
Joe_360
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Let's say a silver dollar piece, what is consider a better grade?
MS64 DMPL or MS65?
Thanks
0
Joe_360
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Comments
"better"? I suppose you could look at the price guides, and see which is more valuable, but that will depend on series date and mint mark. The MS65 should be slightly less scuffed or dinged by definition, but often the dmpl will be much more valuable.
Yes, "better" here is kindof a misnomer. A DMPL is a much different look and texture than most non-PL's and DMPL's.
Pictures!!??!!
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
Personally, I'd buy the coin that I liked better.
What @BryceM said.
DMPL is surely special. Sometimes its surfaces show flaws more readily.
Lance.
For me, it would depend on in hand appraisal. Certainly the DMPL would merit attention, and the one point difference in mid MS is very slight. Cheers, RickO
Yeah, they advertise their marks so well they usually look a grade or 2 lower than there non DMPL companions.
This
I would take the one with the CAC sticker.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Hi Ricko, thanks, and understood, but are MS65 a standout because at that grade the coin is considered Gem?
I have no pictures as I do not own any DMPL coins, so I have no side by side comparison
@Joe_360... Well, yes, 65 is good... however, to judge value, check the price steps between 64 and 65... on some coins, not much difference, on others (usually rarity enters into the picture here) it is a big jump. DMPL on older coins is scarce, so frequently a big factor. Cheers, RickO
It depends on the date, mintmark, and series. In some cases, the DMPL coins are exceedingly rare while in other cases they are not quite as rare. In the former case, I'd take the MS64DMPL while in the latter case, I'd take the MS65.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Thank you all. Always, I learn from this fine group. Joe
Not to confuse the issue, but for PCGS registry purposes, they consider the 64DMPL better than the 65....
https://pcgs.com/setregistry/showcase/2819
Thanks, I find that very interesting, hence why I asked the question...
Wondering now, NGC MS64PL verses a PCGS MS65...
You're trying to compare apples to oranges. It doesn't usually work with fruit or coins.
Define "better". Do you mean more valuable, higher quality, superior eye-appeal? Other? Regardless of what you mean by it, as others have said, it depends upon the type and date of the coin, as well as individual preferences.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
To me eye appeal is better than the "better grade." If I don't care for the look of the piece I pass, unless it's something I really want, and I know I won't see another one for a long time. The items that fall into that category for me most of the time are 19th century presidential campaign tokens. Here is an example.
In 1856, former president Millard Filmore won the presidential nomination from the American or “Known Nothing” Party. The “Know Nothings” were extreme xenophobes who opposed granting civil rights to immigrants. For example, under their platform, an immigrant had to live in the United States for 21 years before they could become naturalized citizens.
Filmore was not as radical as the party that nominated him, but to get to the White House, he had to accept their nomination. He was Whig, and the Whig Party was dead. The Republicans didn’t want him because he had supported the Fugitive Slave Law when he was president. The Democrats didn’t want him either because he “soft on slavery.” (He didn't like it.) Therefore he ran as the American Party Candidate. This was only Filmore related piece that had a strong American Party message. It’s very scarce, and finding one can take years. Therefore I bought this one.
As for consider a better grade, this is a Proof 67. I won't pay PR-68 money so I would not consider a better grade.
This is an AU-53. I would think about buying a better one if I could find it and the price was right.
For me, it's not only the "specifics" of my question (define) but the interesting responses we get such as from @billjones
"Better": By coin collecting standards (much like the grading system - which "can be" some what subjective) would be considered (in-general) the more desired, sawt after, or a bit harder to find
Another question, which mint is known for more PL certifications?
Thanks for the interesting replies. Joe
Depends entirely on the date. I would take a 64DM over a 65 any day for a 1901 or an O/CC Morgan.
But if you talk with some registry nuts, it would be all about the points.
I hesitate to post this, because there are way too many exceptions, but often an MS65 and a MS64PL and a MS63DMPL of the same date are all worth about the same. So if you go by value, an MS64DMPL will usually be worth more than an MS65 of the same date.
It is good to know this as a general benchmark, especially for commons, but don’t base a purchase on it. Always check auctions, price guides, etc… for value. Along with how nice the coin is, of course.
For the better dates, especially in gem, the price guide can make huge jumps from 64 to 65.
Will’sProoflikes
My post above was about Morgans, as they are the coins graded dmpl and pl. there are a few other series now that get the pl designation, and growing.
Will’sProoflikes
I can only think of four Morgans where a 64DMPL is worth less than a 65 (80-O, 86-O, 89-CC, 96-O) and a few more where they are about the same (81-O, 93-CC, 93-O, 95-S, 97-O). For a few others there are no 64DMPLs in existence with which to compare.
At sufficient levels of rarity, the demand for gems outweighs the premium for DMPL surfaces.