Freshly graded PL gold

MonsterCoinz

I know almost nothing about gold, but I haven't ever seen a non-bullion gold piece with the PL designation. Is this something new?

MorganMan94

I did not think PCGS graded pre-33 gold as PL. I know NGC does though but maybe this is something new, or just a one-time thing for the S.S. Central America.

MilkmanDan

That’s a coin I’d love to own!

blu62vette

The PL gold is only S.S. Central America. There are also DMPL examples.

asheland

That's a nice one!

PTVETTER

PL and DMPL gold coins are NOT common and are worth $$$$$ more

COINS MAKE CENTS

Nice looking coin!

ACop

@blu62vette said:
The PL gold is only S.S. Central America. There are also DMPL examples.

That's silly of them to only acknowledge PL if from the ss

Justacommeman

That’s quite the coin

m

golden

Super looking coin!

northcoin

@mach1ne said:
I know almost nothing about gold, but I haven't ever seen a non-bullion gold piece with the PL designation. Is this something new?

What I also find of interest is that PCGS has apparently chosen to identify on its label from which of the two recoveries the coin originated. I am curious if just by looking at the coloration or other characteristics on the coins whether there is a difference that can be detected absent the labeling. If so it may have to do with two different conservation techniques or possibly the fact that the second set has been subject to the corrosive effects of sea salt water and/or our increasingly polluted Atlantic Ocean for almost an extra three decades. The first coins were being retrieved from the wreck of the S.S. Central America in1988 - some 30 years ago!

A separate question. Were the gold coins from the first recovery also allowed PL and DMPL attributions? If not, I wonder if PCGS might provide a sticker to add the designation without having to crack out the coins? I will have to dig out mine from storage and see if it qualifies as PL.

OK, one more added question. What differences were there in how the majority of the coins were stored and positioned between the two recoveries. My impression is that many of at least the $20 Double Eagles in the first retrieval were packed closely together while this time a majority were individually scattered. That too could have an effect on the state of preservation.

ilikemonsters

I spoke with an employee at PCGS several weeks before the first PCGS PL gold coin was listed on CoinFacts, and he told me that PCGS is giving out PL designations out only to gold. The first PL coin I remember was a $2.50 quarter eagle. I don't remember the date, but probably 1857-S just if I had to guess.

I don't know if a PCGS DMPL gold was slabbed yet?

ilikemonsters

@northcoin said:

@mach1ne said:
I know almost nothing about gold, but I haven't ever seen a non-bullion gold piece with the PL designation. Is this something new?

What I also find of interest is that PCGS has apparently chosen to identify on its label from which of the two recoveries the coin originated. I am curious if just by looking at the coloration or other characteristics on the coins whether there is a difference that can be detected absent the labeling. If so it may have to do with two different conservation techniques or possibly the fact that the second set has been subject to the corrosive effects of sea salt water and/or our increasingly polluted seas for an extra decade or so.

A separate question. Were the gold coins from the first recovery also allowed PL and DMPL attributions? If not, I wonder if PCGS might provide a sticker to add the designation without having to crack out the coins? I will have to dig out mine from storage and see if it qualifies as PL.

Yes. The first one I recall, is from the first recovery. This double eagle tells me that the PL gold market will receive a light flooding. I wouldn't say the prices will go down though considering these will sell for the historic aspect.

northcoin

@ilikemonsters said:
I spoke with an employee at PCGS several weeks before the first PCGS PL gold coin was listed on CoinFacts, and he told me that PCGS is giving out PL designations out only to gold. The first PL coin I remember was a $2.50 quarter eagle. I don't remember the date, but probably 1857-S just if I had to guess.

I don't know if a PCGS DMPL gold was slabbed yet?

Do you recall the time frame when you saw the first PCGS PL gold coin being listed on CoinFacts? If I recall correctly, with the modern UHR gold coins the initial mintings were not offered PL designations by PCGS, but later ones were.

blu62vette

@ilikemonsters said:
I spoke with an employee at PCGS several weeks before the first PCGS PL gold coin was listed on CoinFacts, and he told me that PCGS is giving out PL designations out only to gold. The first PL coin I remember was a $2.50 quarter eagle. I don't remember the date, but probably 1857-S just if I had to guess.

I don't know if a PCGS DMPL gold was slabbed yet?

I shot some DMPL gold foil label $20 libs at a long beach show several years ago.

blu62vette

I found what I shot, and it was back in September 2010.

1857-S 64PL
1857-S 63DMPL
1857-S 63PL

All gold foil, all S.S. Central America, all CAC, all different varieties.

Azurescens

@OriginalDan said:
That’s a coin I’d love to own!

No kidding haha

ilikemonsters

@northcoin said:

@ilikemonsters said:
I spoke with an employee at PCGS several weeks before the first PCGS PL gold coin was listed on CoinFacts, and he told me that PCGS is giving out PL designations out only to gold. The first PL coin I remember was a $2.50 quarter eagle. I don't remember the date, but probably 1857-S just if I had to guess.

I don't know if a PCGS DMPL gold was slabbed yet?

Do you recall the time frame when you saw the first PCGS PL gold coin being listed on CoinFacts? If I recall correctly, with the modern UHR gold coins the initial mintings were not offered PL designations by PCGS, but later ones were.

An 1856-S MS62 PL $2.50 was exhibited at the Long Beach show in the holder with a "pinch" of gold. So, probably 2-3 weeks prior to the Long Beach show.

ilikemonsters

@blu62vette said:
I found what I shot, and it was back in September 2010.

1857-S 64PL
1857-S 63DMPL
1857-S 63PL

All gold foil, all S.S. Central America, all CAC, all different varieties.

I didn't know those exist. The Saddle Ridge Hoard coins has gold foil inserts as well.

Thank you very much for the knowledge. Do you remember what your client paid for any of them back in '10?

Timbuk3

Very nice !!!

ricko

There are some amazing gold coins recovered from this ship wreck....Actually, some non-conserved gold coins would be interesting to see as well, since gold does not corrode, it must be other forms of crud attaching to them.... Premiums for the provenance drive these coins out of reach for most collectors....Cheers, RickO

RogerB

A. Define "PL" and "DMPL" with objective, repeatable measures.
B. Designate any coin the matches the appropriate definition.

These seems to be no reason to include one denomination and exclude another.

logger7

Those are excellent points; PL coins are substantially different than "cartwheel".