1921 Morgan Dollar Proof Like
dipset512
Posts: 122 ✭✭✭
I've never collected Morgan Dollars and I found this one in the bargain bin for $30 today. This one looks different than the MS ones on coin facts. Are these more desirable and is it worth grading or keep it raw? TIA
Different Camera
3
Comments
grade? don't spend the money
that is a morgan dollar album coin
If it achieves any sort of "PL" grade, it would be worth the cost to submit it for grading.
From the pictures it looks like possibly MS62PL or maybe even MS63PL.
$30???….where is this bargain bin you speak of?
At my local coin shop here in Texas.
That is one nice coin to get at melt. I could see it achieving 65, even with that little line on the neck/chin.
Here's my similar LCS find, D mint but not quite as nice as yours - I think I paid $45 for it (also, admittedly, a great deal)
Young Numismatist • My Toned Coins
Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled
$4 back of melt at today’s prices. That’s a steal!
At my local coin shop here in Texas.> @Downtown1974 said:
Yep! I figured it was cheap enough to get me started with Morgans as I am completely green on them.
Yours is nice as well. I'm sure I would have grabbed it if I saw similar.
Thanks for the comments y'all. I think I may send this one in and see what it comes back as.
The reverse is certainly more PL than the obverse. But, I think it won't go PL when/if graded.
bob
Thanks, here is a better pic with a different camera.
much nicer than i thought
dunno about pl
Ummmmm, I stand pat.
bob
From photos 63 or 64PL.
The two photos are lit absolutely identically. This looks like a significantly edited image, not a different photo taken with a different camera
1921-Ps graded PL are notoriously difficult to get from PCGS. (Beware of coins graded PL by other grading services; the crossover rate is beyond bad.) PLs sell for roughly 6 times non-PL price in each grade and are in high demand.
In older NGC holders 21 PLs used to be a dime a dozen at very modest markups until you got to GEM DPLs
11.5$ Southern Dollars, The little “Big Easy” set
I meant to say with different settings.
I see an MS-64 shot 65. You'll have a better chance at the PL designation at NGC.
"But seek ye first the kingdom of God and His righteousness and all these things shall be added unto you" Matthew 6:33. Young fellow suffering from Bust Half fever.
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it's not camera settings. that is the same picture with the levels digitally adjusted
I wish you luck.
1921 proof like coins are what I collect mostly. I wish you luck getting the PL designation. My comment to you would be, for the money it seems a steal, as far as PL dont hold your breath.
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
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Thank you all for the feedback!
Correct, different settings in the editor.
Now almost $6!
Young Numismatist • My Toned Coins
Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled
You guys weren't kidding about hard to get the designation. Here are the coins taken from the TrueView (top) and comparison a similarly graded DMPL (bottom). Honestly a head scratcher. Graded MS-64
Certainly a good buy at $30, though it doesn't look PL to me and not worth the cost of grading unless it grades better than MS64.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@MFeld The TrueView from PCGS above looks better than the original photos I took. Are you still of the same opinion? Thanks
If there's a TrueView from PCGS, what did they grade the coin? Regardless, while I realize that many PL and DMPL dollars aren't apparent as such in their images, if yours is PL, I can't tell from any of the images posted.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
One of the graders told me that "cartwheel" luster and pls are mutually exclusive. Very nice coin but unless you sent in a number of other coins with the submission that was a lot of money to spend to "find out".
Sent in with other coins at the lowest tier. But I wouldn't be so sure I'd agree with that statement as seen from others submissions: https://forums.collectors.com/discussion/1111344/pcgs-has-stopped-attributing-dmpl-on-morgans
Some dates that go pl have different characteristics. At a shop the other day I was looking at a 78-s and an 1886 Morgan both the dealer thought were prooflike. The 78-s coins tend to be very well struck so it will be a high bar for them to get a pl, whereas the 1886 pls that I have looked at online look subdued.
Yeah, that's what I heard as well. I tried posting a comparison pic above graded the same as mine that has the DMPL designation. But I think the best approach would be to take it to a show and compare in person.
$30 for a morgan is really good.
NGC may be a better shot; a second tier grading company graded a Bust 50c I had mid grade AU; NGC called it 58PL which would never have happened with PCGS. NGC will sometimes look for anything they can do to max out a coin.
Yeah, I think I may have to try again with this one.
A local dealer just listed this one, and I'd just ask where are the mirrors on this prooflike?
Yeah that is mind boggling.
PL is not an easy designation to get for 1921 Morgans, as the dies weren't prepared the same way they were in earlier years. I see too much non-PL luster on the reverse, and that could simply be due to the rough die polishing. It's still an attractive coin and you did quite well buying it for $30. The MS64 grade seems right. Given there's a 10x premium for PL, the mirrors had to be "all there" for the designation. Were I to be selling this coin, it wouldn't be in the "pick at $65" pile as a generic 64, since it does have some PL-ness to it.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Thanks for the feedback. But when you see like one posted above like @logger7 posted, it makes you wonder.
Apples and oranges. Aside from the fact that the dies were prepared differently, the 1878 has PL fields with no "cartwheel" luster but are a little hazy. In hand, they're probably reflective enough for them to call it PL. Nowhere near the same premium for PL on an 1878 7/8 as there is for a 1921, so less risky to give out the designation (not that that should matter).
Another thing to consider is that the PL and DMPL designations have been far less consistent over the years than the numerical part of the grade. CAC has helped make this less of a problem, since they're more consistent with what gets a bean. Anything without a CAC sticker in a PL or DMPL designation cannot be purchased without you agreeing with the designation. Don't let the "old holder" mystique influence you with PL/DMPL, as there are plenty of old holder DMPLs aren't even PL.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
At $30 a great price no matter what the grade, but I just see too much "cartwheel" effect in the images for the coin to go PL. Of course IMHO YMMV 6-7 and whatever else kids are saying these days ;-) ;-)
Not to me. Your coin is obviously much cleaner, more lustrous, appealing looking and without out the haziness that the other one has. But to me, the images of yours don’t make it look like any more likely to receive the PL designation.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Did you at least get a PL?
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
Dantheman984 Toyz4geo SurfinxHI greencopper RWW bigjpst bretsan MWallace logger7
Yeah, you all would have way more experience than I do in this area. This is my first time owning a Morgan Dollar.
Nah, did not. I'm going to take it in person to a show or shop and compare so I can see the differences.
Most of the coins with a slight, what I call, cameo have somewhat reflective fields.
So they are semi-prooflike.
Ive seen plenty that make you wonder though.
Student of numismatics and collector of Morgan dollars
Successful BST transactions with: Namvet Justindan Mattniss RWW olah_in_MA
Dantheman984 Toyz4geo SurfinxHI greencopper RWW bigjpst bretsan MWallace logger7