Question on coin rating in registry....

blu62vette

Where does the coin rating come from? I just replaced a 64pl with a 65DMPL and the rating on that slot went from 65 to 67? This is a common date but still a 65 DMPL I would think would rank higher that. The price guide difference is 115 on the 64pl to 850 for the 65dmpl.

Also on the prooflike morgan set, does anyone know what % DMPL means? I added 2 DMPLS to replace PL's today and that % did not change. Does that % include both PL and DMPL's?

Thanks for any help.

Todd.

Cameonut

As far as I know, PCGS determines the ratings. Perhaps they get some help from experts in particular series.

It is no surprise to me that your Morgans rated they way they did. I see the same thing on brilliant-cameo-deep cameo proofs. Some dcam proofs are extremely difficult to find in dcam and are prohibitively expensive. In many instances, the cameo version is quite common. (for example, 1954 and 1959 proof Franklins - hard in Dcam, but relatively easy in cameo).

lasvegasteddy

who knows if they'll ever sit down and square this away either

like cameonut says...most buy the pr68 (cheap)rather then a pr67cam(not so cheap) or pr66dcam (expensive)and have the same rating...go figuire

one look at pop numbers can truly open ones eyes too

here's to the future in hopes this gets corrected

morgandollar1878

Sounds to me like there is a 2 point bonus for the first DMPL morgan in that set that you replaced. PCGS does not take price guides in to account for the rating of each individual coin.

morgandollar1878

What were the grades of the PL coins and the grades of the DMPL coins that you replaced them with today????

blu62vette

I know the 1880-s was a 64pl and I replaced it with a 65dmpl. rating went on that slot went from 64 to 67

morgandollar1878

1880-S DMPL morgans are pretty common compared to many other dates in DMPL. That is why they only award a weight of 1.0 for the coin then a 1.0 bonus point for the PL and 2.0 bonus point for DMPL. The price you speak of is just a reflection of a common date DMPL Morgan in MS-65, and has no bearing on the rating that it is given in the registry. About the %DMPL, I would have thought that your % would have changed, but maybe it does count both. However that really wouldn't make much sense being that PL and DMPL are different.

ajia

Each registry set has it's own set of 'rules' regarding points given a coin.
Here are the points given Morgan's in the Morgan Dollars Prooflike Basic Set, Circulation Strikes (1878-1921).
PL all get 1 extra point, but points vary for DMPL, from 2pts. to 5pts. (most of the higher pts are for 1890's coins).

I'm sure this is based on rarity.

Check the 'Set Composition' to see if any bonus points are awarded, yours obviously did, but not all sets do.

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Added:
Also on the prooflike morgan set, does anyone know what % DMPL means? I added 2 DMPLS to replace PL's today and that % did not change. Does that % include both PL and DMPL's?

It must, as I have no DMPL & yet my % under the DMPL column is 13.04%!
I actually like it better when I open my set, there I have 1,304.35% DMPL coins.

About the %DMPL, I would have thought that your % would have changed, but maybe it does count both. However that really wouldn't make much sense being that PL and DMPL are different.
What doesn't make sense is that the column should list DMPL as this set is for PL coins.
The column should say PL, not DMPL, IMO.
This is because a few non-PL coins are allowed in the registry.
If they keep it DMPL, then the script needs to be changed to reflect this.

DIMEMAN

I personally don't like the bonus system at all. It just turned true collecting into ... see how much money you can spend ..... to buy 1st place!

scottgardener

Weirdly enough, I haven't the foggiest idea, and I'm a Morgan collector. I just haven't tried for the PL/DMPL registry set, instead putting my one of each towards my general registry. I figure by the time I get a full date/mint/major variety set of Morgans, some prooflike and some not, I'll have bought the last coin (probably that blasted 1893-S) for $2.4 billion Earth Empire dollars from an android who beamed it over from an auction site on the Moon.

edit: additional comment:

Although the price guide doesn't itself go into the registry set, the registry set and the price guide both reflect the common trend that coins that are more in demand are harder to find and cost more. Finding an 1881-S Morgan in MS64 is easy; I probably could get in a car right now, drive over to a coin shop 20 minutes away, and have one in my hands before I go to bed. I could certainly order one online without much difficulty for about $50. An 1889-CC Morgan is another story. Even if I could come up with the $72,000 or so the price guide suggests I can expect to pay (give or take the cost of some furniture or a used car), there just aren't that many out there, so it could take months or years to find one.

Or, to make a metaphor using cars that cost as much as some of the finest Morgans out there, a Porsche 911 Targa with options and a Tesla Roadster may both have about the same price tag, but the Tesla is a lot harder to come by, since they only have three dealerships (and a few more coming soon, mostly overseas) and a six+ month waiting list. PCGS would probably rate the Tesla Roadster as the finer car, and give it more scoring significance should any of us feel like taking on Jay Leno.