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Replies: 13 / Views: 3,081 |
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Pillar of the Community
United States
533 Posts |
I have been looking at Morgans graded DMPL and I really like the contrast. Can anyone tell me anything about them, how, why, they were made different etc., why they are worth more today? I have included a pic of a random one for sale on ebay now (not mine) 
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Pillar of the Community
United States
1450 Posts |
The DMPL have that deep mirror-like surface like a proof coin except they are not proofs. The pic you show has a Moran that is pretty beaten up IMO. I don't know if all those marks are on the slab or on the coin. I don't think DMPL is supposed to have all those bag marks or all that tarnish to be the real thing, but I don't knowingly collect DMPL. I find it hard enough just to try and fill a set of Morans in any condition.
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Pillar of the Community
United States
4469 Posts |
The DMPL's were usually the first coins off a new set of dies when minted. The coins have Mirror fields and frosty devices. Most of the DMPL are conditional rare when compared to the population of MS Morgans. For example, you are looking at a MS64 1888 O that has a PCGS population of 8060 for the grade. In the 1888 O MS64 PL PCGS has only certified only 282 and in MS64 DMPL PCGS has certified only 222. The low population count and demand drives up the cost of the coin. The DMPL coins are amazing to look at in hand. The DMPL or PL coins can be toned or white. The the bag marks on a DMPL are more pronounced than a standard MS coin, so most collectors target DMPL coins in grades of 63 or higher unless it is a rare Morgan, then, you take what you can get. If you buy a DMPL, you may not want to collect anything else.
Edited by Slider23 07/24/2016 9:10 pm
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Valued Member
United States
130 Posts |
The picture you posted isn't really the best representation of DMPL Morgan dollars. They cost more, however, because of their beauty, especially in hand and in higher grades, as well as the comparative rarity of them to "regular" Morgan dollars. Slider23 basically covered the "how they were made" part, although I will clarify one thing. The reason these typically come from new dies is because the mint would polish the dies before using them (it has been speculated that the DMPL finish came from the mint overpolishing the dies, but it isn't known for sure). This caused the mirrored finish that are now known as DMPL.
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Pillar of the Community
 United States
533 Posts |
I agree not the best this is the first one I decided to buy:  
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Pillar of the Community
United States
1450 Posts |
They are beautiful, but imagine the cost of trying to fill an entire set of DMPL Morgans. I am not even sure it can be done at any price. I am trying to complete a set of Morgans and I get more challenged every day given the costs. I have about 20-25 left and all are expensive even in AU50. Completing sets may not be your thing. How would you pay for a 1893-S, or 1892-S in DMPL even if one exists? Are there any CC DMPL Morgans out there? What would those babies cost? It is really a tall order unless you are just going to collect certain coins in DMPL thinking they will really rise in value?
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Pillar of the Community
United States
4469 Posts |
Some of the finest DMPL Morgans made are from the 82CC, 83CC and 84CC. In the grade of MS64 DMPL these will range from $450 to $750 depending on date and quality. Collecting the PL and DMPL changes the entire game of collecting Morgans as some of the dates are simply hard to find. If you were the richest person in the world, it would still be difficult to collect a Morgan PL or DMPL set by date and mint. Some of the dates do not exist in DMPL, but do have a few PL coins.
The top registry set at PCGS for PL and DMPL has all the coins for date and mint set except the 93S in PL or the 84S in PL. When you are trying to get the only 93S PL in a PCGS holder, it can get very difficult if the owner does not want to sell.
Edited by Slider23 08/03/2016 12:10 pm
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Valued Member
United States
280 Posts |
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Pillar of the Community
United States
4469 Posts |
RCcoins, photos #1,2,4 are juiced by a regular ebay seller of DMPL coins. Photo #3 looks like the coin could have been polished. Buy your DMPL coins in a NGC or PCGS holder as most of the raw coins noted on ebay as DMPL will not grade DMPL.
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Bedrock of the Community
United States
12057 Posts |
The bluish-white with the yellow cast is a dead giveaway of artificial contrast "fake" DMPL / photo manipulation. I can make any Morgan look DMPL in Photoshop this way, and the seller whose pictures you posted is famous for faking DMPLs.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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Bedrock of the Community
United States
12057 Posts |
Quote: I am not even sure it can be done at any price Correct. Certain dates simply do not exist in DMPL, such as 1884-S, and others have a population of less than 10 to 50, such as 1901, 1902, 1903, and any of the 1921's. CC's are readily available in DMPL for 1882, 1883 and 1884. 1885, 1878 can be found with patience and money. 1881, 1880, and 1879 are much, much scarcer. The most "common" DMPL's are 1881-S, 1880-S, 1884-O, 1884-CC, 1882-CC, 1883-CC, 1883-O, 1885, 1885-O, not in any particular order...1880-S and 1881-S tend to be the most available and also the most beautiful of all of the DMPL's.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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Pillar of the Community
United States
7390 Posts |
Agreed.
Stay away from seller "wholesaleDMPLS" or something like that. He juices every coin he has. They don't look anything like photographs in hand
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Pillar of the Community
United States
1450 Posts |
I got me an 1884-S Morgan in EF45 condition. I got it graded and slabbed, PCGS. That cost me, but the next step up to AU50 is three times as much and going to MS60 is 72 times as much. If the did produce DMPL 1884-S the price would be off the charts. Either EF45 or AU and after that the price goes to the moon. When you get to certain Morgans money is the only answer. I guess you could trade for them if you have something to trade.
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Pillar of the Community
 United States
533 Posts |
PCGS shows the basic circulation strike set with MM and major variations as 117 coins and the basic PL set as 100 coins (PL not even DMPL) so it looks like they recognize at least 17 major variations are unavailable in PL period
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Replies: 13 / Views: 3,081 |
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