Question for DMPL Morgan experts

ohbaby · May 31, 2003 3:10AM

I am looking to buying my first DMPL and looked at a bunch recently.

What troubled me is so many had milky/hazy spots. Not many spots but here and there. A few had half the obverse with a thin haze seen at an angle. Out of about 30 [all PCGS MS65s/66s] I saw maybe 2 I liked.

I also noticed a few had the highpoints almost scuffed so the polished was gone and a dull spot was underneath. Sort of what you see on a piece of plastic coated with chrome where a piece has broken off.

Am I being unrealistic and is this normal for the coins?

boz · May 31, 2003 3:19AM

Unrealistic? I don' know, but spots and haze are common, as with any coin. DMPLS do exist without though. Be patient, you will find one you like.

prooflike · May 31, 2003 3:36AM

Wait and be patient, don't just 'settle' for something that you will eventually regret.

Dog97 · May 31, 2003 4:31AM

ohbaby asks: Am I being unrealistic and is this normal for the coins?
No to both ??. What you are seeing are the junky coins that go in the endless circle from seller to collector and back to a seller again.
Most of the nice DMPLs are stashed away in collections and never see the market. But nice ones to appear from time to time.
You're doing well by avoiding this junk and a DMPL should look like a modern proof (with the appropiate marks & scuff for assigned grade) but don't expect to pay bid prices but rather a hefty prem depending on how pristine you want them.

stman · May 31, 2003 5:06AM

Just a little to add.... as Dog states expect to pay a hefty premium for nice ones. Prices for CC DMPL Morgans have been going nuts lately. Avoid the ones that have the funky goldish-brown dip and re-tone thing. And PLEASE don't let any dealer tell you you're too picky. Unless you're not willing to pay the price for nice ones. This actually goes with any coins.

Also keep in mind.... On DMPL Morgans the mirror surface accents the marks sometimes so you need to know how to grade or you could miss a good one as well.

Example of dealer thinking I'm too picky..... I have a local dealer and it's his business to handle these coins. About a year ago he had a pretty nice CC DMPL Morgan, graded 66 by NGC. Well the coin had B/W look to it, pretty nice cameo, but the coin was not close to 66 way too many hits in the face and fields. He tried to tell me it's the cameo look (which is true sometimes) that makes the coin and acted like I was picky.

Well, a year later he still has this coin, I wonder why?

ohbaby · May 31, 2003 6:02AM

Thanks stman!

I forgot to mention about that funky brownish gunk I saw on many of the coins. It seeme to almost be "Growing" on the surface. I thought it look like dried dip residue .

I will spend more time at looking at more DMPL until I get a better feel.

topstuf · May 31, 2003 6:16AM

Funky brownish gunk, indeed! HAH!

I can see you are not appreciateurs of Ultra DEEP FBG.

Merc · May 31, 2003 7:06AM

I now have 3 DMPL dollars. 2 of them loked great with no haze or spots. There is some cameo contrast but I have seen a few that have real strong cameos. Those are even harder to find. Then last one I bought off ebay and it had that haze you mentioned. It looked like a great coin hiding under a tan haze. That one I sent off to NCS about 3 weeks ago so I want to see what they can do for it.

Question for DMPL Morgan experts

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