Coin Community Family of Web Sites
Vancouvers #1 Coin and Paper Money Dealer Shop for APMEX Bullion on eBay!Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Specializing in Modern Numismatics 300,000 items to help build your collection! Coin, Banknote and Medal Collectors's Online Mall Shop CCF Members on eBay!








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Proof Like

To participate in the forum you must log in or register.
Author Previous TopicReplies: 5 / Views: 945Next Topic  
Pillar of the Community
chris12018's Avatar
United States
2130 Posts
 Posted 01/27/2009  12:53 pm Show Profile   Bookmark this topic Add chris12018 to your friends list Get a Link to this Message Number of Subscribers
Can a Morgan dollar develope PL charateristics over time.And,does that add to the value of the coin?
Pillar of the Community
Prethen's Avatar
United States
3233 Posts
 Posted 01/27/2009  1:44 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
No, it cannot be PL over time, it would be struck that way. Yes, PL does add to the value, especially if it has very deep mirrors (DMPL).
Pillar of the Community
chris12018's Avatar
United States
2130 Posts
 Posted 01/27/2009  2:06 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
I just inherited over 100 Morgans. That I'm trying to figure the value of. I have the 2009 Red Book but it doesn't list for PL or DMPL. How much more value does it add.
Pillar of the Community
KenKat's Avatar
United States
4085 Posts
 Posted 01/27/2009  2:29 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
This is just a guestimate but maybe 20-30% premium? Here's an another source for prices that I use a lot:

http://www.numismedia.com/fmv/fmv.shtml

It has listings for DMPL Morgans as well as regular. Keep in mind these are retail prices, not what a dealer would pay you.

They can only be DMPL if they are uncirculated - so I think the bigger challenge would be trying to figure out if they are MS60, MS61, MS62, etc. One difference in grade can make a big difference in price. I have spent some time learning to grade coins but when you get up into the uncirculated grades, it is a much harder thing. You really have to know the series EXTREMELY well. (I admittedly don't)

Also, DMPL is kind of subjective I think. The coin shows on cable/dish tend to put them under a bright light and rotate them and say "oooo - look - mirror finish" - but anything will look like that if you put a 1000 watt halogen light on it.

Common date uncirculated Morgans go for $30-50 in typical grades. More for DMPL - $50-70 maybe. I'd try to see if you have any key date coins as well as it might be worth having an expert appraisal.

Best regards,
Ken
Pillar of the Community
chris12018's Avatar
United States
2130 Posts
 Posted 01/27/2009  3:40 pm  Show Profile   Bookmark this reply Add chris12018 to your friends list Get a Link to this Reply
Thanks that does help. I already found 4 that seam to be PL / DMPL.
Moderator
Learn More...
SsuperDdave's Avatar
United States
23522 Posts
 Posted 01/27/2009  5:43 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
PL and DMPL coins are tough to image, but you'll know 'em when you have 'em. A true DMPL coin, one which will grade that way by a TPG, will show such reflectivity that you can read 12pt type in it at a minimum of 10". A PL coin will be readable at a lesser distance.

There are a lot of very shiny Morgans around. If you can't read 12pt type reflected from it, it isn't Prooflike.
  Previous TopicReplies: 5 / Views: 945Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.25 seconds to rattle this change. Forums