Is the Real Population of DMPL's Overstated?
howep
Posts: 71 ✭✭✭
Given information shared in other threads, maybe the current standards for DMPL's used by either CAC or CACG shows that DMPL's are actually much rarer than reflected in the NGC and PCGS populations. I saw a recent coin offered by DLRC where they stated that by today's standards the obverse of the PCGS DMPL graded coin was really PL. I have a feeling this DMPL niche in coin collecting may undergo a massive reevaluation. If well known dealers are selling expensive DMPL's that are not CAC stickered that should tell you something
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Thinking of how many times they probably resubmitted would not be surprised. Not an area I invest in. Do you think all the money been wrung out of them?
As far as stickered one will pay more (CPG). How are the dealers sales for non stickered doing vs non CAC CPG? One told me he getting 5 pct over that.
There is strong demand for them stickered or not.
I have a 66+ DMPL Hansen CAC that I am crossing to CACG and will accept 66 DMPL from them so crossover is automatic. This will cost me but I will take the haircut to get the CACG Holder. Do they have to put the Hansen name on the holder
Not if you crack it out and submit it.
Here is the coin.
The real population of a great many coins is overstated, due to resubmissions. But your question is actually "Is the real population of accurately designated DMPL's overstated"?"
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Yes. Thank you. That is the question. I have to think the answer is yes. Since we are dealing with a smaller subset of DMPL coins, the percentage of resubmissions and the inaccurate designated DMPL's are much more material to the existing population
I think the answer is a definite yes. And I believe that the same goes for PL’s, as many of them don’t hold up to today’s standards, either.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
The topic of whether a coin warrants a PL or DMPL designation runs parallel to the topic of whether a proof coin warrants a Cameo or a DCAM/UCAM designation.
The lack of an objective standard that determines whether a given coin does or does not warrant a particular designation is:
a source of frustration and consternation to hobbyists (including me); and
grist for the mill and/or water cooler conversations amongst hobbyists.
Objective standards that never change are desired by many; however subjective standards (aka Opinions) which constantly shift makes the hobby more exciting and alive.