How much premium (Photo now added) should a DPL (DMPL) gold Double Eagle merit?

northcoin · January 27, 2004 11:40AM

Assume the following. NGC has been grading for PL and DPL (DMPL) for almost a year now. This includes new coins submitted and old coins that could be resubmitted for the added designation of PL or DPL. I am only addressing pre 1907 Double Eagles. While 131 have been designated PL during that time only one has obtained a DPL designation. Even if there are others later, it will always be the first. Any thoughts on what a fair premium above Trends for the grade would be? An additional $500, a multiple? If it is significant assume the coin is an 1895 NGC graded as MS62 DPL and is aType III. DPL is NGC's term for DMPL (Deep Mirror Proof Like.)

P.S. Darktone has kindly assisted in helping me to get a photo added. Thoughts on added value continue to be welcomed.

northcoin · January 28, 2004 6:01AM

Any opinions?

relayer · January 28, 2004 6:04AM

I'd like one but would pay a premium of a few hundred over a non-PL of the same date/grade

Cameo CC · January 28, 2004 6:15AM

This is a hot topic among several dealers. I just sold an 1894-S $20 MS64 PCGS that, in my opinion, has a observe DMPL and PL on the reverse. We felt that the coin is unique and that whatever price the coin received, it was worth more.

No one knows what percentage is PL or DMPL. But I would have to say (based solely on the 1936 to 1975 Proof coins – before the US Mint improved the minting process) that only five to ten (maybe twenty) were made per die.

The risk is high but the reward can be higher.

Todd

Wondo · January 28, 2004 6:18AM

It all depends on the look of the coin. I'd pay a buch more if it had awesome eye appeal - 50% and higher. Those coins are liquid and the downside is minimal. I don't really care if the designation is on the holder.

darktone · January 28, 2004 8:00AM

One thing to consider also is a $20 lib in MS62 is pretty beat up and a 62 with prooflike qualities really looks beat up now a 62 in deep prooflike could look pretty bad. I think from another thread you said this coin was dated 1904? If so I could not see a huge premium- but if it was in a higher grade I would think the premium could be very large. Can you show us a picture of it? mike

northcoin · January 28, 2004 10:19AM

No, it is not a 1904, but rather between 1890 and 1896.

darktone · January 30, 2004 8:48PM

Here's a picture of Northcoins $20 Lib. mike

Stuart · January 30, 2004 10:00PM

NorthCoin: Nice PL $20 Lib Obverse

What's the story on this coin? Do you own it or are you considering purchasing it?

I agree with you and also like PL $20 Libs

northcoin · January 31, 2004 1:33AM

Darktone - thanks for the help in adding the photo!

Stuart - am considering purchase at a fair premium.

Baley · January 31, 2004 3:02AM

heck of a nice looking coin, looks to be worth an MS63 price if not more (maybe much more) and should be easy to resell if/when the time comes. I'd probably jump at the coin for anything near $1000.

Wondo · January 31, 2004 3:04AM

I second Bailey's appraisal of 1k. Is that a 95 in 62?

northcoin · January 31, 2004 3:56AM

Yes, it is an 1895 in MS62 DPL, graded such by NGC.

relayer · January 31, 2004 5:09AM

My first bid would be $1,001 then

northcoin · January 31, 2004 4:31PM

Anyone else?

northcoin · February 1, 2004 1:11AM

northcoin · February 1, 2004 1:19PM

Is that it for opinions?

How much premium (Photo now added) should a DPL (DMPL) gold Double Eagle merit?

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