PL designation and premiums.

ironmanl63 · October 23, 2019 2:34PM

I was wondering if the PCGS or NGC PL designation on non Morgans brings a big premium. I have 2 Barber quarters that I think will qualify. I also have a Seated half that should qualify. Any thoughts appreciated.

1892 25c 66+

1907 25c 65

1876-S 50c 63

segoja · October 23, 2019 2:47PM

They will add something, but I've found not a ton. What adds the value is the eye appeal that the PL surfaces add,

Problem is very few dates in every series (except Morgans) are PL, so its not really collectible (you can't put a set together)

Just my 10 c worth

MFeld · October 23, 2019 3:04PM

I can’t tell from the images whether those coins merit PL designations. However, I believe that whatever premiums might be generated, would be well worth the cost of resubmission.

I’ve seen a good number of NGC PL type coins bring significant premiums and would be surprised if PCGS examples didn't do the same.

Kliao · October 23, 2019 3:06PM

I think the first barber looks PL the other two I don’t know.

cladking · October 23, 2019 3:24PM

@segoja said:
They will add something, but I've found not a ton. What adds the value is the eye appeal that the PL surfaces add,

Problem is very few dates in every series (except Morgans) are PL, so its not really collectible (you can't put a set together)

Just my 10 c worth

Obviously you're right that a lot of dates are unknown with PL surfaces.

However, if PL is defined loosely enough most modern series can be collected in PL. Most dates of clad quarters, for instance, do appear at least slightly PL. Even the Ikes are out there.

WCC · October 23, 2019 3:44PM

@segoja said:
They will add something, but I've found not a ton. What adds the value is the eye appeal that the PL surfaces add,

Problem is very few dates in every series (except Morgans) are PL, so its not really collectible (you can't put a set together)

Just my 10 c worth

Agree with your first sentence.

Second is accurate but with a few qualifications. US collecting has come up with more narrow definitions of "rarity" than anywhere else. In this instance though, another reason why collectors might not care is because if you want a coin that looks like a proof, just buy a proof.

Practically every US federal coin since at least 1858 has an ample supply. Exceptions include gold coinage where the mintage was somewhat or very low and which is unaffordable to most collectors anyway. Second, coins dated 1943-1949 when no proofs were struck. My recollection is someone once posted (elsewhere) a PL steel cent. I wouldn't pay a lot of money for it but I can understand why (depending upon grade) it might sell for a proportionally large premium.

RockyMtnProspector · October 23, 2019 3:54PM

I've seen a handful of true PL non-Morgans and they've gone for anywhere from a modest premium to fairly large (I believe it was an NGC-slabbed late 1920s Walker).

ricko · October 24, 2019 7:46AM

It will depend on the degree of PL....much like the premiums for tarnish. There are collectors who prefer this look and will pay for the right coin....Remember, there are many collectors that look for lower grades (cost considerations or preference), and then there are those that seek the high end coins....PL is a nice addition to a label, but the buyer is the final judge of quality and price. Cheers, RickO

ironmanl63 · October 24, 2019 1:56PM

Thanks for the info!

Brian_Hodge · October 24, 2019 5:00PM

Typically, the cheaper the base value of the coin, the more substantial the premium. The more expensive price-points usually see this premium subside unless the coin is just so insane aesthetically that it warrants it.

PL designation and premiums.

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