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 Replies: 12 / Views: 1,216 |
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New Member
United Kingdom
7 Posts |
Hi all, quite new to Morgans and wanted a few opinions from the experts if possible! I bought this coin from heritage a while ago as I thought it may warrant a PL designation which it doesn't currently have. Currently graded by PCGS in an OGH at MS66. can anyone also tell me when the pl and dm attributes were brought it by PCGS? thanks for your time.   |
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Bedrock of the Community
United States
11902 Posts |
Pl and dmpl were PCGS designations since PCGS was created. Those designations were prevalent before PCGS was established in the 80s and the TPG would have had no credibility in grading, especially morgans, without making those distinctions. Your coin does look pl, but no one can tell from these pics if it has the 6" or 12" depth of reflection necessary for the atttibute. Do a test to see if you can read text reflected from the fields at those distances. If you can, that may merit a crack out resubmission. IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
04/06/2017 09:22 am
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New Member
 United Kingdom
7 Posts |
thanks - the 6" / 12" distance needs to be compared to a fixed text size presumably? what size text?
i can read some text on a sheet of a4 from somewhere around the 6" - 12" distance and it compares favourably to a highly lustrous ms65+ 1899-o I also have where you can't really read the text.
am I right in thinking to leave it in the slab before resubmitting. i'd like to keep the ogh if it doesn't upgrade...
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Bedrock of the Community
United States
11902 Posts |
It doesn't matter what the size of the text is, just that it is legible. I would try the largest that will show up on the fields at those distances.
With PCGS you have two options.
1. Submit in current holder for regrade with a minimum grade.
2. Crack out and submit as raw coin.
There are benefits and risks with each approach.
On regrade (no crack out) you keep the old holder if it doesn't regrade to your liking. The chances of regrade up are lower because the original grade becomes an anchor.
You are more likely to get a different grade with the crackout, but you are guaranteed to lose the original holder which has value in resale.
You have to determine which choice you are more comfortable with.
You can always keep it as is and sell the coin's attributes instead of the holdered grade. That's what I would do.
David Hall wrote a great article in 1992 urging clients to sell pl and dmpl coins because at your high grade level, one ought to prefer a proof coin. He did seem to predict the long term decline in the price of these coins.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
04/06/2017 11:33 am
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Pillar of the Community
United States
1531 Posts |
This coin has some crazy cameo, and if it's as reflective as it seems it would be, it might make PL or DMPL with a regrade. It's a beautiful coin. The fields are completely clean without any distracting marks. The only marks are on the cheek, and they're hardly shallow scuffs. I could see PCGS giving it a 67 because I've seen similar coins make that grade. If you do decide to crack it out, or send it as a regrade, please do let us know how it fairs.
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New Member
United Kingdom
7 Posts |
thanks so much for your help. will keep it as it is.
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Pillar of the Community
United States
1531 Posts |
And  (to Morgan's, at least) Edited by Cruisinfusion
04/06/2017 12:10 pm
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Rest in Peace
United States
10625 Posts |
Just to add to all that has been posted, the obverse and reverse both need to meet the reflectivity requirements for PL and DMPL designations. It may be the photo, but the reverse fields seem to be a bit frosty. Morgan dollars with one side PL characteristics are very common especially from San Francisco. It is however a beautiful example and looks like 66+ or 67 would be in line with current standards. Best of luck if you do submit it for an upgrade. |
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Bedrock of the Community
United States
94367 Posts |
Lovely example, easy 66, likely PL. to the CCF! |
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Valued Member
United States
304 Posts |
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Bedrock of the Community
Canada
10743 Posts |
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Bedrock of the Community
United States
36878 Posts |
Far to many marks on the cheek for me. MS-65PL
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Pillar of the Community
United States
4989 Posts |
Looks properly graded to me. The obverse looks PL but not the reverse. The 66 is certainly warranted but possibly a bit generous it definitely won't make 67 on a regrade and could be dropped to 65 on a crack-out. I'd say keep it as is.
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Replies: 12 / Views: 1,216 |
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Posted 04/06/2017 09:48 am
