1892-O AU DMPL Morgan Dollar (Rare Bird) -- Photos

Stuart

This 1892-O is a rare bird in the world of PL/DMPL Morgan Dollars -- check the CDN in MS-63 DMPL and you'll see what I mean!!

I purchased this coin off of E-Bay about a year ago, because I knew that it was one of the toughest Morgans to find in PL/DMPL designation.
The coin is certified as an ACG MS-63 DMPL, and according to Mike Faraone of ANACS it appears to be a choice AU-58, and I can attest to the fact that it's at least a strong PL, and may even make DMPL.



I was hoping that PCGS would eventually designate lightly circulated (AU) Morgan Dollars as either PL or DMPL, so that I could add this to my PCGS PL/DMPL Registry Set.

As a result, this recent Q&A post is a bit disappointing... AU Morgan PL Designation Q&A Thread

ziggy29

Nice. Even more than that, this is a VERY nice strike for a 92-O. They tend to be among the worst struck coins in the series.

dragon

Very hard to tell from that pic, but it looks like it may have been whizzed at one time. JMO

lava

Nice coin Stuart. Nice pix too. The `92-o is certainly a super tough coin to find in pl or dmpl. In the last ten years I've only known of two opportunities to purchase such a coin in a PCGS slab -- a pl sold at auction for close to 10k, and a pl was offered by Legend for 10k (it may be the same coin).

I feel your pain about David's message on the Q&A. Earlier he seemed open to at least considering slabbing au58-pls. That no longer seems to be the case. That is unfortunate.

What do you think if PCGS made a special exception for au-pls and allowed NGC coins to be recognized in the registry. Maybe that warrants a follow-up question next Tuesday.

OR ... maybe the new service should be not to pay PCGS to regrade a coin, but to pay PCGS to allow an NGC slab to be registered.

kieferscoins

<< <i>What do you think if PCGS made a special exception for au-pls and allowed NGC coins to be recognized in the registry. Maybe that warrants a follow-up question next Tuesday. >>



I'll wager $100 the answer is NO. You allow an exception for one thing, pretty soon everyone wants an exception in their sets. It will happen for every slab or no NGC slabs and right now it is NO.

Cameron Kiefer

lava

I understand your point Cameron, but the basis for a possible exception is the fact that PCGS does not offer a comparable grade.

Maybe the exception would have to be limited to the pl/dmpl morgan registry, since I don't believe anyone there will be slighted by the au-pl designation offered by NGC.

Stuart

<< Very hard to tell from that pic, but it looks like it may have been whizzed at one time. JMO >>

Howard: You bring up a valid point to be considered when one encounters a truly rare coin like a DMPL 1892-O Morgan Dollar.

I have examined and studied this coin very carefully and have come to the conclusion that it is probably a genuine lightly circulated coin without altered surfaces. That's just my opinion, but it seems to fit the specific characteristics of this coin. I certainly could be mistaken.

I am considering cracking it out of the ACG slab, and submitting it to PCGS (or perhaps NGC since they designate PL-AU's) for proper authentication. I have a stack of Morgans in various TPGS holders which are to be cracked and submitted to PCGS within the next month or so, whenever I get around to doing it... such as the 1882-O NTC MS-64 DMPL which I recently posted as the subject of a thread.

kieferscoins

<< <i>but the basis for a possible exception is the fact that PCGS does not offer a comparable grade. >>



Yeah. Every company is different. Same with the star designation versus PCGS not having one.....etc. It won't happen.

Cameron Kiefer

Stuart

Jim: Although I empathize and support your efforts to get PCGS to designate lightly circulated Morgan Dollars as PL or DMPL if their surface charateristics merit that designation, I personally don't see any way for this to happen other than PCGS deciding to make a designation policy change allowing circulated coins to receive those designations.

PCGS has never in the past indicated that they might be willing to allow NGC certified coins into their PCGS Registry Sets. Perhaps our best chance would be for enough PL/DMPL Morgan Dollar Specialists to get together and lobby for PL/DMPL AU designations. In the U.S. those who vote with their money speak the loudest and are heard most clearly.

dimples

Stuart, I would definitely send it to NGC to get the pl notation. That would leave out any doubt about its PL fields

JadeRareCoin

Interesting coin Stuart. I would love to see it in person. I will be at the Houston show ina few months. Maybe then?

Stuart

Dennis: I look forward to finally meeting you at the upcoming Houston S.W. Money Show, and would be pleased to show you this coin if it's not already waiting in the queue at the appropriate grading service.

lava

<< <i>Stuart, I would definitely send it to NGC to get the pl notation. That would leave out any doubt about its PL fields >>



Yes, I think NGC has to get it. That get's you half way home.

Stuart

Lava & Dimples: I agree with you that since PCGS won't designate AU Morgans as either PL or DMPL, the best bet for this coin would be to have her certified by NGC.

Thanks very much for the advice!

LeeG

Very Nice Coin and hope all works out well!!! Lee