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New Purchase: 1882-CC PCGS MS-63 PL Morgan (was DMPL) -- Photos

StuartStuart Posts: 9,761 ✭✭✭✭✭
Here's a new purchase that I made today, with an interesting story from a dealer whom I've worked with before, and whom I trust. I have not yet received the coin, so the photos are from the original seller.

It's an 1882-CC PCGS MS-63 PL Morgan Dollar that was recently (I assume cracked) and sent in for regrade. It went in as a PCGS MS-63 DMPL with the intent of getting an upgrade to MS-64 DMPL , and came back with a downgrade in designation as an MS-63 PL.

This is either evidence that PCGS is raising the bar for the DMPL designation and tightening up on their grading, or perhaps is an example of a "liner" MS-63 PL coin that just missed MS-64 DMPL. I felt that this represented good quality and value for the money...

imageimage

Stuart

Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal

"Luck is what happens when Preparation meets Opportunity"

Comments

  • Nice lookin coin!
  • OneyOney Posts: 1,384 ✭✭✭✭
    Nice coin. This one is going to PCGS today. 1884-CC.
    imageimage
    Brian
  • dragondragon Posts: 4,548 ✭✭
    Although PCGS has tighter grading standards for the 82-CC than they do for the 83-CC and 84-CC for whatever odd reasoning known only to PCGS........I've seen worse 82-CC's in PCGS 64DMPL holders. They are all over the map on grading it seems. Nothing more than pay your fees and roll the dice IMO. And yes, that coin was a good value.
  • StuartStuart Posts: 9,761 ✭✭✭✭✭
    Jared, Brian and Howard: Thanks for your compliments on my new 1882-CC Morgan.

    Brian: That's a really nice 1884-CC that appears to me to be a lock MS-64 DMPL, with a shot at MS-65 PL/DMPL with only the apparent frost breaks on the eagle and a few too many minor contact marks on Miss Liberty's cheek perhaps holding it back at MS-64 DMPL. The reflective fields look very deep from your photo.

    Please let us know how she grades.

    Stuart

    Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal

    "Luck is what happens when Preparation meets Opportunity"
  • rkfishrkfish Posts: 2,617 ✭✭✭
    Stuart,

    Looks like a DMPLDOLLAR picture ?? Nice coin.....very nice !!image
    Steve

    Check out my PQ selection of Morgan & Peace Dollars, and more at:
    WWW.PQDOLLARS.COM or WWW.GILBERTCOINS.COM
  • Both coins look great, I'm surprised of the downgrade on the 82...
    Tom
  • StuartStuart Posts: 9,761 ✭✭✭✭✭
    Steve & Tom: Thanks for your kind words about my new 1882-CC Morgan.

    I'm looking forward to receiving and photographing her, because she appears to be very photogenic! image

    Stuart

    Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal

    "Luck is what happens when Preparation meets Opportunity"
  • nwcsnwcs Posts: 13,386 ✭✭✭
    Looks like some great frost on there. I love it when cc morgans have great frost!
  • dimplesdimples Posts: 1,286 ✭✭✭
    Great pick up Stuart! Gotta love that frosted eagle. image
  • HadleydogHadleydog Posts: 1,586 ✭✭✭
    Nice dmpl, Stuart! Are you gonna play the game and send her back? image
  • OneyOney Posts: 1,384 ✭✭✭✭
    Thanks Stuart. I just picked it up this past weekend at a local show. I got it for a good price I feel. I think you should crack yours out and resend.....you never know. I think you can only go up with that coin!
    Brian
  • Stuart's coin illustrates a trend I have repeatedly seen on recent PCGS submissions---------------

    To help new non-Morgan Collectors who want a Carson City Example here are my observations

    1) Marks in the KEY focal area of the check, then left field/neck are progressively MORE TOLORATED in this order

    '79,'78,'80,'81,'82,'83,'84, '85........in the second series '89,'93,'92,'90-'91(same)

    2) The definition of DMPL really is very strict verses earlier PCGS coins requiring full "clear watery fields"
    where newsprint must be clearly reflected and read at a minimum of over OVER 6 inches.

    3) The definition now of PL seems arbitary and unclear, I genuinely don't think PCGS has a uniform definition.

    4) Wise collectors (I got this from Ms. Sperber while talking at an auction).. are looking for liner MS 64, or MS 65-6 coins
    with clear refectivity in the 5"-6.5" area that will potentially upgrade if definitions change again at some point!

    As far as Sturt's coin, it meets the Sperber idea so far as I can see, except he's doing it with MS-63's. It is in fact, to be

    fair to the PCGS grader (gee I hate to do that), a very tough coin: 66 reverse, 65 fields, 63 cheek, 65 luster, nice

    strike--- No big distracting line abrasions. I sure wouldn't want to grade it!!!



















    image
    morgannut2
  • OneyOney Posts: 1,384 ✭✭✭✭
    Morgannut2, I like you analysis. What is your belief on the image below Stuart's, the 84-CC?
    Brian
  • tsacchtsacch Posts: 2,929 ✭✭✭
    i saw that on ebay..........nice coin for sure, cant believe it didnt go dmpl.
    Family, kids, coins, sports (playing not watching), jet skiing, wakeboarding, Big Air....no one ever got hurt in the air....its the sudden stop that hurts. I hate Hurricane Sandy. I hate FEMA and i hate the blasted insurance companies.
  • Oney: this opinion is from a person who bought an 82O in 61DMPL raw that came back plain 64!!!!!, but here goes. My honest opinion because I've beem looking at and for a 66PL for 3 years is that the coin is technically a MS 66 pl, unless you can read newsprint at > 6" , which I have no way of knowing. I suspect that Pcgs will go minimum 65PL/dmpl, and feel at NGC theres a shot at
    66 pl/DPL (note: different definition). As a lock 65, the controlling factor will be the number of tiny luster grazes on the cheek frost at 5X loop. If there are absolutely none, or a tiny couple, then all bets are off, and we could be looking at 67!!!
    The coin meets the "eye appeal" requirement to 7, it's just the number of small luster frost breaks at 5X, IMHO because the fiels are pristine and 7.
    morgannut2
  • wam98wam98 Posts: 2,685
    Frostiest PL I ever saw. Nice looking coin. image
    Wayne
    ******
  • OneyOney Posts: 1,384 ✭✭✭✭
    Thanks Morgannut2.....I appreciate the opiion. If I receive any of the grades in your analysis I will be one happy camper. image
    Brian
  • OneyOney Posts: 1,384 ✭✭✭✭
    Thanks Morgannut2.....I appreciate the opiion. If I receive any of the grades in your analysis I will be one happy camper. image
    Brian

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