1883 Morgan DMPL/PL question

blu62vette · October 22, 2008 7:03AM

Is it weird that in the pop report for 1883 Morgans there are 496 PL's but 651 DMPLs? I also see that on the 1880/9-S but the pops are mcuh lower. Any reasoning behind this?

blu62vette · October 23, 2008 3:05AM

DoUPlayOnePocket · October 23, 2008 3:19AM

The total mintage for each date/mm is a big factor. Only a few hundred DMPL's are struck before the dies begin to deteriorate. What is the estimated mintage for the 1880/9-S? All of my reference books are packed, but I would imagine that there were a lot more struck in 1883.

Chirs

Coxe · October 23, 2008 3:28AM

The overdate is not a date. It only relates to a specific die pair or few die pairs within the date. 1880-S PLs and DMPLs also include many of these that were not caught as the overdates or were graded prior to their inclusions.

blu62vette · October 23, 2008 3:34AM

My question really comes down to is it strange that there would be more DMPL'S than PL's? It could just be what people have submitted but seems like there would almost always be more PL than DMPL's.

coinnuttius · October 23, 2008 3:36AM

<< <i>Is it weird that in the pop report for 1883 Morgans there are 496 PL's but 651 DMPLs? I also see that on the 1880/9-S but the pops are mcuh lower. Any reasoning behind this? >>

Probably submission bias, likely driven by price differences. I would imagine many PLs were submitted as being DMPL, just didn't make it. But there other explanations, such a which coins were saved. Consider also that the 1880/9-S on a DMPL coin can be spotted from a mile away, that would fall under selection bias. If you look at other coins like the 1891 (hope I got that right) you will see that they are close. Consider though that a 1891 PL carries quite a premium if I remember correctly. A 1883 PL does not. In general though census data like this is not very reliable.

Coxe · October 23, 2008 4:06AM

<< <i>My question really comes down to is it strange that there would be more DMPL'S than PL's? It could just be what people have submitted but seems like there would almost always be more PL than DMPL's. >>

It is not that simple. A lot of things are in play. You have, above all else, fluctuating designation standards over the years. Populations are also not gospel. Especially among DMPLs, a grade point elevation can make a huge valuation difference in the market. Then you look at the actual minting. Not all prooflikes are alike. There are virgin prooflikes, the idea of first strikes off of fresh dies. However, for many dates, most prooflikes are the results of repolished dies. The numbers of strikes per die, die retirements, ... all come into play. Lastly, you have to consider planchet preparation, often the difference between PL and DMPL lies squarely upon that.

1883 Morgan DMPL/PL question

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