1882 DMPL Morgan Upadate--$925 PLUS!?
CalGold
Posts: 2,608 ✭✭
A few days ago I posted an opinion request about a lavender toned 1882 DMPL Morgan that was offered on Teletrade. See picture attached.
It was graded MS64 DMPL by ANACS, and shows multiple finger prints but very few if any contact marks (though some could be hidden in the toning).
Opinions on this board ranged from beauty (dorkcarl) to ugly, with many concluding that it was cool looking but probably only PL and had a bunch of finger prints.
The market price range for a 64DMPL based on the grey sheet, Heritage auction history, and CU price guide is $425-$475. A few days ago one sold in that range on Teletrade. But the price soars over $3,500 at 65. CU price for a 65 PL is around $850.
Well, I was kind of straddling the fence on what I thought about the coin. Since it had no obvious serious contact marks (at least none that showed through the toning on the scan), but was graded 64, I figured that it might have been market graded down because of the finger prints, so it might have been a 65PL. But I hate finger prints, and to me that made it a problem coin, probably best left to be someone elses problem, and not necessarily worth a 65PL price.
Well, when I tuned into the auction yesterday it the bid on it was $825. About an hour later it was up to $925. I check in this morning and it had not sold, so the seller must have had a high reserve on it. So, what was driving the price? Did the seller and the bidders think it was a 65PL and didn't care about the finder prints? Did they thing it might actually have a shot at 65 DMPL on a crack out? Or has the demand for DMPLs simply gone crazy? Don't know. I will not be surprised if it pops up again on Teletrade.
CG
It was graded MS64 DMPL by ANACS, and shows multiple finger prints but very few if any contact marks (though some could be hidden in the toning).
Opinions on this board ranged from beauty (dorkcarl) to ugly, with many concluding that it was cool looking but probably only PL and had a bunch of finger prints.
The market price range for a 64DMPL based on the grey sheet, Heritage auction history, and CU price guide is $425-$475. A few days ago one sold in that range on Teletrade. But the price soars over $3,500 at 65. CU price for a 65 PL is around $850.
Well, I was kind of straddling the fence on what I thought about the coin. Since it had no obvious serious contact marks (at least none that showed through the toning on the scan), but was graded 64, I figured that it might have been market graded down because of the finger prints, so it might have been a 65PL. But I hate finger prints, and to me that made it a problem coin, probably best left to be someone elses problem, and not necessarily worth a 65PL price.
Well, when I tuned into the auction yesterday it the bid on it was $825. About an hour later it was up to $925. I check in this morning and it had not sold, so the seller must have had a high reserve on it. So, what was driving the price? Did the seller and the bidders think it was a 65PL and didn't care about the finder prints? Did they thing it might actually have a shot at 65 DMPL on a crack out? Or has the demand for DMPLs simply gone crazy? Don't know. I will not be surprised if it pops up again on Teletrade.
CG
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or save it with a gain and not a total loss like the stock market and interest rates
The tops!!
Coppernicus
Lincoln Wheats (1909 - 1958) Basic Set - Always Interested in Upgrading!
It probably was a crackout guy that ran the price up on a wild chance that he might lose $500 or so if it didn't up but gain $3,000 if it did.
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My3cents,
Would you care to really show us that coin? The way you have it displayed, well, it just looks "chromed" with multiple colors reflected. I can't see the coin well enough to appreciate its attributes. What is the date, mm if any and grade, if you will? And, is that a SEGS slab?