New To Collecting, Just Bought Some Things.

That is correct, DMPL is the PCGS term, DPL is the NGC term.

This isn't a bad article that explains the terms a little more, and related terminology.

http://coins.about.com/od/uscoins/f..._morgans.htm

Here is a nice website to start learning about proper toning.
http://www.jhonecash.com/coins/tonedmorgans.asp

The color progression on your coin looks off, plus the cheek area possible shows some wear (tough to tell from pics), perhabs rubbed. Until you feel confident in your ability to detect artificial toning, cleaned coins etc. it may be beneficial to stick with coins graded by reputable TPG's.

I too am not all that warm & fuzzy about the 86 DPL; I prefer to buy DMPL & DPL coins in person where I can inspect them in hand. They can be tough to evaluate with poor pics & internet doctored photos. Look for nice deeply reflective mirrors.

That Indian is nice.

Nice start!! I started up my collecting from family heirlooms, and it went from there. I always tell myself and others...If you buy smart and collect the coin types you like, you are getting the future investment benefits, enrichment of collecting historical items, and the chance to spend time with the kids collecting and passing them down some day...Much better returns than ANY investment out there! Good Luck!