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 Replies: 12 / Views: 2,662 |
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Pillar of the Community
United States
601 Posts |
Does anyone have any experience with Prooflike Lincolns? Occasionally when picking an OBW I come across a Lincoln that has been struck from highly polished dies. Not just a shiny penny, I'm referring to something that reflects newsprint from several inches away. That is the benchmark for DMPL Morgans. I opened an OBW of '54S cents a few weeks ago and found 2 coins that made my eyes pop out- If I didn't know better, I'd have likely guessed they were branch mint proofs (yes, I know there's no such thing for LMCs) Is anyone familiar with a TPG which will give a PL designation? I think it would be a challenging (and probably impossible) set to put together, even just memorials. Anyone know of what kind of a premium it might bring? Please let me be clear- I'm not making any offers or propositions- simply looking for some info. Who knows, I probably posted in the wrong catagory, I seem to screw up frequently. Anyone with experience on the subject would be helpful. |
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Bedrock of the Community
United States
62064 Posts |
The coins we need to see an image of. It is impossible for a 1954-S to be a proof coin. The proof cents that year have the plain (philly mint mark) on them. It sounds like you may have found a BU coin. Their is quite a difference between a BU and Proof coin.  A premium high grade coin would also have a stunning look to it. People do polish coins and make them look proof like, but when they do that the devices suffer a lot on the higher areas. So if you could post an image that would help a lot to see what you have. Also people plate coins to make coins look shiny/gold/platinum. The big difference between the two is that a plated coin is worth basically one cent. BU high grade can be worth a lot of money. |
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Pillar of the Community
 United States
601 Posts |
Coop- I slabbed 821 coins last month between PCGS and NGC. I've been buying OBW rolls to cherrypick since I was 12 years old. Please give me the benefit of the doubt- I'm not talking about anything other than a coin struck from highly polished dies (probably to erase a die clash). Just as Morgans are (commonly) found in Prooflike condition, when you go through enough (sealed, original) rolls you'll occasionally encounter a prooflike cent. If you've never seen one, I'd truly be happy to mail you an example. I have saved about 20 coins in the last decade that actually look as though they're proofs. If you take another look at my post, you'll see that I already explained I'm not suggesting anything as wild as branch mint proofs.
I like posting photos, but can't convey the depth of the coin's mirrors in the photo. Posting an image won't help to illustrate my point.
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Pillar of the Community
United States
601 Posts |
THIS is a Prooflike Lincoln Cent. It is NOT a proof. It is not cleaned. Those are not hairline scratches you see, they are die scratches. This coin did not get messed with, it came out of a vintage, sealed, original bankwrapped roll. Not a rewrap, vintage, with end roll toning on each of the coins at the end of the roll. Was a solid date roll of 1954-S. In the middle of the roll there were 2 cents which reflect newspaper print at 4 inches. Reading newsprint in the devices of the coin is how it is decided whether a Morgan dollar is considered PL or DMPL (Prooflike or Deep Mirror Prooflike) I dug the coin out of my packaged NGC submission to try photographing again to attempt to show what I'm talking about. I anticipate a grade of MS-65, maybe 66. It's not the grade I'm interested in, it's certainly mint state. I'm hoping to get a "PL" designation. The photos don't do the coin justice.   |
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Pillar of the Community
United States
3077 Posts |
funny that this has subject has come up I have a couple of brilliant LMC that have a very mirror like finish when compared to others I have found I was going to try and get a pic of them reflecting print just aint found my tuit yet |
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Bedrock of the Community
United States
17884 Posts |
Dies have to be cleaned and polished after the hardening process. This can result in prooflike surfaces on the early strikes from these new dies. The PL finish doesn't last long on the dies because it isn't an intentional polishing to try to make PL's.
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Pillar of the Community
United States
601 Posts |
Thank you Conder. Have you ever seen choice examples bring a premium or get attribution from the big 2 TPGs? I know ANACS will give out the PL designation. I've seen it on the '95-D DDO and steel cents. |
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Valued Member
United States
131 Posts |
I check NGC census and from 1909 to 1958 only 9 coins with a MSPL designation, all were 1943-S in a few diffrend grades. If it did grade with a PL I would think it would have a high premium.
Edited by closelook
02/15/2011 3:30 pm
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Pillar of the Community
United States
7629 Posts |
I doubt either of the major two will give such a designation to most dates and mints. I know exactly the coins you are talking about - I have found them from time to time, and currently have a 1999D in PCGS MS67RD in inventory that would garner just such a designation if PCGS gave them...this coin is eye popping!
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Pillar of the Community
United States
601 Posts |
For the record- I got word back from NGC on these 2 coins. They graded MS-66 RD and MS-67 RD. Not too shabby for what people tried to tell me was probably cleaned! Coins were from a 1954-S OBW. Still treasure out there!
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Pillar of the Community
United States
3640 Posts |
I think they all (coins) should be included in the SL, PL, DPL, DMPL Maybe the top 3 TPG's could get together and use a common designation though. Reminded me to go find my printed template that I used to use on morgans for PL etc. coins. It has a ruler etc. on it and it instructs the correct wattage of incandescent light as well as the distances to hold the coin at for reading the print on it. |
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Moderator
 United States
15381 Posts |
Thanks for the follow-up and final grade Chris .... I was wondering what happened to this thread. MS66RD and MS67RD sound quite nice ... too bad the TPG don't acknowledge the PL designation on Lincolns. David |
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Pillar of the Community
United States
7629 Posts |
I still think if Morgan dollars can get a PL and DMPL designation at least they could consider the same for other series. I have seen a number of PL Lincolns from 1968-1972. |
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Replies: 12 / Views: 2,662 |
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Posted 02/15/2011 11:06 am
