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Hmmm… what to do… anacs 1879 S AU58PL

AlanSkiAlanSki Posts: 1,977 ✭✭✭✭✭
edited November 1, 2023 10:20AM in U.S. Coin Forum

Should I leave as is or send in the holder to cross at the same grade? I think PCGS only has 1 58PL for the series and it’s a 1891CC 58PL.



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    MFeldMFeld Posts: 16,653 ✭✭✭✭✭
    edited November 1, 2023 2:03PM

    I think there was a previous discussion as to whether a 58PL was a mechanical error. And if there’s only one for the series, that (edited) would appear to be the case.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

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    AlanSkiAlanSki Posts: 1,977 ✭✭✭✭✭

    @MFeld said:
    I think there was a previous discussion as to whether a 58PL was a mechanical error. And if there’s only one for the series, that wouldn’t appear to be the case.

    There’s 1 58DMPL too.

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    mattnissmattniss Posts: 837 ✭✭✭✭✭

    I would leave it as is -- doesn't seem to be much from our hosts with 58PL's these days.

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    gumby1234gumby1234 Posts: 5,901 ✭✭✭✭✭

    Leave it in its current slab.

    Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM

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    split37split37 Posts: 321 ✭✭✭✭

    PCGS will not add the suffix for 58pl or dmpl morgans. NGC will. Keep as-is, soap-box holders are well-graded,generally, and look good as well.

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    privatecoinprivatecoin Posts: 3,801 ✭✭✭✭✭

    Keep it.

    Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc

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    Morgan13Morgan13 Posts: 2,496 ✭✭✭✭✭

    You would be making a huge mistake. Just my opinion.

    Student of numismatics and collector of Morgan dollars
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    MFeldMFeld Posts: 16,653 ✭✭✭✭✭

    @AlanSki said:

    @MFeld said:
    I think there was a previous discussion as to whether a 58PL was a mechanical error. And if there’s only one for the series, that wouldn’t appear to be the case.

    There’s 1 58DMPL too.

    Sorry, I meant to indicate that a mechanical error “would” (not “wouldn’t) appear to be the case. The single 58DMPL doesn’t change my thinking.

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

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    alefzeroalefzero Posts: 1,185 ✭✭✭✭✭

    I would keep all of the AUPL, AUDMPL, and UDM in those old holders. I sure wish I had.

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    OAKSTAROAKSTAR Posts: 8,770 ✭✭✭✭✭

    I really like and collect these soap bar slabs. If I was being selfish, I'd say break it out........reduces the population and makes mine more valuable. >:);)

    If I was being honest, I'd say keep it as is.

    Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )

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    Cougar1978Cougar1978 Posts: 9,779 ✭✭✭✭✭

    Leave as is or specify minimum grade on submission form.

    Investor
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    291fifth291fifth Posts: 25,183 ✭✭✭✭✭

    Leave it as is. Some collectors like the old ANACS holders these days.

    All glory is fleeting.
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    coinbufcoinbuf Posts: 12,467 ✭✭✭✭✭

    Maybe the coin is better than I am seeing in the photos, but I do not see that getting a PL in todays grading room. Maybe different pics would change my mind.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
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    LeeBoneLeeBone Posts: 4,843 ✭✭✭✭✭

    Leave as is

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    messydeskmessydesk Posts: 20,745 ✭✭✭✭✭

    I thought our hosts started giving the PL designation to AU coins that merited it. Maybe not. Nevertheless, I'd leave it. 79-S is a common coin in PL and is fairly cheap in 63PL.

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    alaura22alaura22 Posts: 3,868 ✭✭✭✭✭

    Save your money, keep it the way it is

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    BigAlBigAl Posts: 1,235 ✭✭✭

    Cross with the designation only - you wouldn’t want to rule out a 55PL, which may be a unique slab. Worst case scenario you spend some money on grading and shipping. However I didn’t think pcgs designates pl or Dmpl on circ Morgans, but I could be mistaken.

    Good luck, keep us posted on what you decide to do

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    telephoto1telephoto1 Posts: 4,966 ✭✭✭✭✭

    Side note-I'm all for collecting what you like but don't get why people are hung up on and/or pay big premiums for "unique slabs". All that means is that no one else has yet submitted one of the many similar quality coins that are undoubtedly out there, particularly with Morgans- so unique inevitably doesn't stay unique, with the possible exception of perhaps the 69 stuff. And as grading keeps getting looser-who knows even then...just saying.


    RIP Mom- 1932-2012
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    coastaljerseyguycoastaljerseyguy Posts: 2,068 ✭✭✭✭✭

    More downside risk then upside potential crossing.

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