PCGS price guide accuracy for DMPL Morgans?

moosesr

Can someone tell me how accurate the PCGS price guide is for DMPL Morgans?

Thanks,
Charlie

morganbarber

I cannot afford high grade DMPLs but if you look at the commonest dates where PCGS lists 63DMPL at $90, then you check such coins on Ebay, I think you'll find that the $90 figure is low for PCGS 63DMPLs.

moosesr

The $90 figure being low for PCGS 63DMPLs is what I was wondering about. I was comparing 1883-O MS63DMPL with 1880-S MS63DMPL and noticed both are $90, but the Pops for the 1880-s are almost twice that for the 1883-o. I am looking at a 1883-o in MS63DPL and wondered if $150 is too high a price to pay?

Coxe

Currently, NO price guide is accurate for DMPLs. Any of them truly worth buying, the niceand/or rare ones, will often (though appearances are not often) surprise all exceeding the guide, sometimes by multiples of listed valuations. Widgets (like 80-S in 64DMPL) can sell almost anywhere, from the MS wholeasle price (if the mirrors are questionable, the grade looks high, or there is any haze) to 50% over sheet. Buying DMPLs now is a matter of entering dogfights with others and hashing out the price among yourselves. The danger is when one or more of the others is/are (a) complete idiot(s).

moosesr

Ok, I am trying to decide if it is worth the extra cost for a VAM I need (or should I say want) to buy that is in a PCGS MS63DMPL holder. To me it doesn't look like the coin has very good mirrors, but I am not an expert on DMPL coins. Any opinions would be appreciated.

SeattleSlammer

PCGS DMPLs regulalry go for above PCGS guide in lower MS grades (62-64). PCGS has the tightest standard regarding mirror depth for its DMPL designation, as compared to NGC which will routinely grade DPL coins that would only be PL to PCGS.

Of course, if you ever ask a dealer to buy your 83-O PCGS 63DMPL, you're probably only going to get greysheet bid (maybe ask) which I would guess is around $60. But if you're getting a VAM, too, I don't think $150 is too out of bounds. From the pic it doesn't appear to have much cameo (another factor that can add a preimum above sheet).

Coxe

$65-$75 if common, I'd say for that PCGS. If VAM-4, perhaps double. I haven't looked at recent sales though. I know that VAM does come prooflike, yet (amazingly) considering the breadth of my VAM prooflike set I don't have a DMPL of that one yet. Sort of weird. The neatest DMPL of the date I have found was a gem DMPL VAM-1d, which I think I should send off to ANACS some day. Not waiting for an expansion of PCGS's variety service.

Wolf359

If that's the one I'm thinking it is, the price matches several recent sales for the same vam.

coingame2000

<< <i>Can someone tell me how accurate the PCGS price guide is for DMPL Morgans?

Thanks,
Charlie >>



Charlie: In my opinion I believe that the PCGS price guide is way off in regard to DMPL dollar prices. I am (and have been for a long time) one of the leading market makers for PCGS graded DMPL dollars. My sight-seen bids are posted on the FACTS/CCE trading network nearly every day. Following are a few examples of my current "buy" prices with the PCGS "retail" prices listed in parenthesis:

1878 8TF MS65 DMPL ($9,500) -- my bid is $13,950
1878-S MS65 DMPL ($4,000) -- my bid is $ 5,700
1879-P MS65 DMPL ($9,500) -- my bid is $10,600
1879-S MS66 DMPL ($1,850) -- my bid is $ 2,500
1879-S MS67 DMPL ($7,000) -- my bid is $12,750

My buy list is extensive and I have sight-seen bids for SIXTY-EIGHT different dates in grades varying (depending on the date) from MS64 DMPL through MS67 DMPL. By the way, my bids are a starting point for accurately graded coins that are legitimate DMPL's -- I will (and often times) pay a lot more for exceptional coins and/or the really rare issues. In terms of published price guides, the Greysheet and Numismedia do a respectable job reporting DMPL dollar prices. I would, however, give the edge to Numismedia because they list prices for DMPL's in MS66 and MS67 grades as well. Hope this info and/or my opinion helps.

Mike

moosesr

Mike....What do you pay for common date MS63 DMPL coins?

blu62vette

I have been wondering the same thing on DMPL's lately. I stay pretty conservative in my buying and havent been able to touch any DMPL's for a while. The guide does seem low. The last one I bought was an 1883-o OGH. i compare it to my 1883-o PL also OGH and cant tell the difference between the two.

coingame2000

<< <i>I have been wondering the same thing on DMPL's lately. I stay pretty conservative in my buying and havent been able to touch any DMPL's for a while. The guide does seem low. The last one I bought was an 1883-o OGH. i compare it to my 1883-o PL also OGH and cant tell the difference between the two. >>



All certified DMPL's aren't created alike -- a numismatic fact of life.

Mike

coingame2000

<< <i>Mike....What do you pay for common date MS63 DMPL coins? >>



PM sent...

bestclser1

<< <i>

<< <i>I have been wondering the same thing on DMPL's lately. I stay pretty conservative in my buying and havent been able to touch any DMPL's for a while. The guide does seem low. The last one I bought was an 1883-o OGH. i compare it to my 1883-o PL also OGH and cant tell the difference between the two. >>



All certified DMPL's aren't created alike -- a numismatic fact of life.

Mike >>

A monster black and white cameo DMPL in 64 or higher can go for many times bid.All DMPLs are DEFINITELY NOT created equal,and Mikey typically deals with only the best.