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PL Morgan Dollar Question

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Dave H's Avatar
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 Posted 08/24/2017  7:28 pm Show Profile   Bookmark this topic Add Dave H to your friends list Get a Link to this Message Number of Subscribers
How much value does a proof-like designation add to a common date MS-65 Morgan dollar?
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numismatic student's Avatar
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 Posted 08/24/2017  7:33 pm  Show Profile   Bookmark this reply Add numismatic student to your friends list Get a Link to this Reply
Depends... but you can compare estimated prices of business strikes and proofs for the series and grade at coinprices.org.
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dave700x's Avatar
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 Posted 08/24/2017  8:12 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
It depends on the date/mm. Some common date issues become very pricy in PL condition where others are very plentiful and priced accordingly.
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Dave H's Avatar
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 Posted 08/24/2017  8:14 pm  Show Profile   Bookmark this reply Add Dave H to your friends list Get a Link to this Reply
What does it do for an 1882-S?
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SsuperDdave's Avatar
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 Posted 08/24/2017  8:53 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
What does it do for an 1882-S?


Auction results indicate it roughly doubles the value, but it's not an uncommon coin in 65PL so that "doubling" only gives you a ~$250 coin, less in NGC plastic.
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moxking's Avatar
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 Posted 08/24/2017  9:27 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
As with other post numerical assignments, such as FBL for Frankins (strong strike), FSB for Mercurys, Cameo, deep cameo, and others, it's all about the availability versus demand.

Very few if anyone is going to try to put together a DMPL set from New Orleans as they are all tough to find. While the early S mints are much easier to find with that designation.

I think everyone wants at least one Morgan DMPL, even though there are lots if them. But the prices remain supported because of that forever demand.
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 Posted 08/24/2017  10:03 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
Isn't it better to save up and buy a higher quality scarce coin (1889CC Morgan) rather than getting DMPL common date coin? I love those DMPL Morgans but I would rather have an AU 1893-S if I could ever afford it.
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moxking's Avatar
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 Posted 08/25/2017  09:58 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
If you are shooting for a set your route is certainly much better in doing exactly what you propose.

I think about my type set at the same time. So having a 66 DMPL serves the purpose of a spot in my Morgan set as well as a high end type.
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Cascade's Avatar
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 Posted 08/25/2017  11:07 am  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
Terry. The best part of the Morgan dollar is that you can collect them in so many ways. They truly are the Baskin Robbins of coins
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 Posted 08/25/2017  1:53 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
I see your point. I am a date/mint sort of collector since this is how I first started doing it. Now I still do it that way but I try and get Key Dates in the best condition I can as well. When I look at my Morgan set I am never satisfied because I have the obvious few in less than mint condition or even AU condition. I would trade all the Morgans I have now for 6 Morgans in AU58 condition.
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