Morgan experts, opinion please

sweetwilliet

What do y'all think of this 1880 o ms60dmpl morgan? It is ebay auction #8411678457. I don't see many ms60dmpl's, they are usually in a higher grade. From the pics, it looks undergraded, but of course pics are always hard to tell. Is there something I'm missing as to why it is only ms60? The date is definitely a better date, especially in dmpl, and was thinking of bidding.

Fletcher

It doesn't look bad ... although many ogh dmpls wouldn't make dmpl by today's tougher standards.

Link-i-fied

Coxe

"A coin that definitely proves that grading standards have change today this would be in a pcgs MS 63 holder..."

But it isn't -- probably because it wouldn't merit the DMPL designation today. Unless the seller has had that coin tucked away for a while and just had a need for a fast sell and no time to send it in for a regrade, the reason it is not an MS63DMPL is simply because it is not an MS63DMPL. And no
matter what year's grading standards you are considering, PCGS wouldn't be that off on MS60. It isn't going from MS60 to MS63. There is no squeezing more than a point out of it. Getting DMPL designation today is hard. Many OGH slabs are still OGH because they are trapped there.

morgannut2

It's a tough date--maybe as much as $7000 in MS64. I bought a NGC MS60DPL for $90 a while back just to have an example (mines not better than a 62). The picture shows a decent coin and the question is if it's a full Dmpl nowdays. Total PCGs pops are around 165 with only 1 Gem.

DennisH

Appears to look very nice for a 60... which I think explains why the photos have reflection glare on the left side of the obverse. I would expect that in hand the fields in front of Liberty are scuffed as all get-out and make the coin look AU in that area.

Whether or not the mirrors would pass DMPL muster or not today is a separate issue that can only be answered by cracking it out and sending it in raw. If the seller has a return policy and the buyer doesn't like it as a DMPL, they should simply return it.

sweetwilliet

There is another post tonight about full steps that relates to this. I THINK (don't know for sure) that a coin will retain its designation (i.e. pl, dmpl, fs...) even if it wouldn't make that designation by today's standards or the grader's whim today. In other words, if a grader thought it was 63pl (60dmpl now), it would upgrade to 63dmpl. Anyone know for sure? Of course, I would not buy a coin just because I thought it might upgrade.

messydesk

It does look nicer than MS60. That grade is usually reserved for "one foot in the body-bag" ugly BUs. Maybe it has some hairlines on it or other stuff you can't see in the pictures. Some of the pictures make it look like it wouldn't make DMPL today. This is one coin I'd really have to see in hand before bidding.