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DMPL AU58 Morgans- Premium for this grade?

ManorcourtmanManorcourtman Posts: 8,195 ✭✭✭✭✭
in U.S. Coin Forum
For the Morgan guys a question. Would a DMPL AU58 PCGS or NGC carry a premium for this unusual grade? If so what would you guesstimate? I'm talking about a common date ie. 81-s or 80-s for example. Thanks in advance.

Comments

  • lasvegasteddylasvegasteddy Posts: 10,432 ✭✭✭
    with the new "everyman's registry set"
    i bet he could see a great return or value
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • rheddenrhedden Posts: 6,632 ✭✭✭✭✭
    I would argue the premium would be very modest. Collectors who want DMPL Morgans are generally looking for ultra high-grade coins with great eye appeal. They are willing to pay up for deep mirrors. Collectors who buy AU58 coins are looking for all the details without the big price tag. I would think the AU58 collector would be more likely to buy an AU58 DMPL, so the premium over a non-DMPL example would be slight or modest. The exception might be a rare date like 1894 or 1901 that is seldom or "never" seen in DMPL, forcing DMPL collectors to take whatever is available. A similar example is impaired 19th century proofs. Is a PR45 really worth more than an XF45? There are few people who will pay extra for it, so these coins are hard to sell at a premium. Collectors of 19th century proofs collect proofs because they don't want worn coins.
  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭


    << <i>with the new "everyman's registry set"
    i bet he could see a great return or value >>



    he's right about that. there have been a few discussions recently about the realized values for 58 everyman coins in holders being so high, sometimes over 64 money!
    .

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

  • lasvegasteddylasvegasteddy Posts: 10,432 ✭✭✭
    heck with a gold bean...2 everyman registry set builders after it...moon money easy...image
    everything in life is but merely on loan to us by our appreciation....lose your appreciation and see


  • messydeskmessydesk Posts: 20,313 ✭✭✭✭✭
    Does PCGS now recognize PL-ness on AU coins?
    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
  • BAJJERFANBAJJERFAN Posts: 31,330 ✭✭✭✭✭


    << <i>Does PCGS now recognize PL-ness on AU coins? >>



    If you took a 64 DMPL Morgan and rubbed the high spots without touching the fields, wouldn't it still be DMPL?
    theknowitalltroll;
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    I never saw any of them listed when building my Everyman set but found most of the AU58's cost more than price guide if bought at open auction. Luckily I was able to get most of the commons in a private treaty deal.

    Doing a check of the PCGS population report shows that there is only a single AU58DMPL in it so rarity will mean some premium for sure, if the coin has not been cracked and regraded.


    image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • NickcapNickcap Posts: 977 ✭
    Manorcourtman,

    I am one of the Morgan Everyman collectors. PCGS has given 4 AU58PL & 1 DMPL.

    Yes to the premium. But it might be as high as you think.

    If you get PCGS to give it the AU-58PL or DMPL slab, your premium would be higher. Look at my registry set. If you get one let me know.

    Nick

    Btw, to answer your question, If you do get a PCGS AU58 PL/DMPL you could get a price in the MS61-64 Price range. MS65 if you get a bidding war going. It only takes two people,to drive up the price.
    Morgan Everyman Set
    Member, Society of Silver Dollar Collectors.
    Looking for PCGS AU58+ 1901-P, 1896-O, & 1894-O
  • messydeskmessydesk Posts: 20,313 ✭✭✭✭✭


    << <i>

    << <i>Does PCGS now recognize PL-ness on AU coins? >>


    If you took a 64 DMPL Morgan and rubbed the high spots without touching the fields, wouldn't it still be DMPL? >>


    Yes, but neither of us is PCGS.
    John
    Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
  • NickcapNickcap Posts: 977 ✭


    << <i>

    << <i>Does PCGS now recognize PL-ness on AU coins? >>



    If you took a 64 DMPL Morgan and rubbed the high spots without touching the fields, wouldn't it still be DMPL? >>




    The issue you would have is that PCGS is very picky about giving out the DMPL and PL on the AU58 coins. To date only 4 PL and 1 DMPL Morgans in AU58 have been graded that way by PCGS. (Also AU55 Morgan is also PL)

    Morgan Everyman Set
    Member, Society of Silver Dollar Collectors.
    Looking for PCGS AU58+ 1901-P, 1896-O, & 1894-O
  • HighReliefHighRelief Posts: 3,720 ✭✭✭✭✭


    << <i>Does PCGS now recognize PL-ness on AU coins? >>



    It is my understanding that PCGS will not give the PL or DMPL designation to AU coins. The ones that are listed in the population reports must be mistakes or were put in before this policy was in effect.

    I have cracked out NGC and Anac AU PL's so I could put them in PCGS holders thus being able to add them into my registry set.

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