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DMPL Obverse - PCGS Vs ANACS/Ngc?

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Netherlands
32 Posts
 Posted 02/13/2009  5:46 pm Show Profile   Bookmark this topic Add skylerdmpl to your friends list Get a Link to this Message Number of Subscribers
I am collector of Deep Mirror Prooflike (DMPL) Morgans and prefer a slab from PCGS if coin qualifies as does current market trend.

My dilemma is with coins where only one side of the coin is Deep Mirror and the other side Prooflike (PL). PCGS doesn't qualify DMPL status unless each side of the coin meets reflectivity requirements. ANACS and NCG will , however, designate a DMPL OBV status if the obverse meets DMPL criteria and the reverse is at least PL.

Which is best the TPG service to use for these DMPL/PL coins? There are some cases where the market value is quite drastic from PL to DMPL.

For example, for an 1889-S MS65 PCGS values $4,000 in PL and $38,000 in DMPL.

What would be more favorable on the market?
a) PCGS 1889-S MS 65 PL
b) NGC 1889-S MS 65 DPL OBV (or) ANACS 1889-S MS65 DMPL OBV


Would it make sense to crossover a PCGS PL coin to ANACS or NGC when it is certain that the obverse is DMPL?
Edited by skylerdmpl
02/13/2009 5:49 pm
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 02/13/2009  6:00 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Welcome to Coin Community, skylerdmpl, and you post a very interesting question.

I'm going to reach, and guess, for an answer, stream-of-consciousness style. PCGS is known to be tougher on DMPL designations than the competition. A coin which is DMPL on one surface and PL on the other should be worth more than a straight-up PL coin. DMPL specialists, however, would be expected to be more exacting and more knowledgeable of the issue. Generally speaking, the coin is worth more in a PCGS slab than an equivalent from the competition.

Boy, I'm just going in circles here.

Other considerations:

- Will the coin comfortably cross at grade? You seem pretty knowledgeable, so you know the pitfalls of that one.

- Are you holding for resale, or for your collection?

- If reselling, do your imaging skills allow representing the reflectivity well, or will you be able to influence a consignment write-up to "reflect" (ugh ) the better surface?

Me? I think I'd hold such a coin as-is. The determining factor for me is the problematic grade crossover, rather than anything else, especially if you decided to re-cross back into PCGS.
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ron6788's Avatar
United States
655 Posts
 Posted 02/17/2009  02:45 am  Show Profile   Bookmark this reply Add ron6788 to your friends list Get a Link to this Reply
If it were me I'd go for option 2, the NGC slab with a DPL OBV noted. It's too bad they can't say DPL/PL but I guess they wouldn't want to go down that 2-sided road. As far as money value PCGS would be the top with NGC 2nd and ANACS 3rd.
Ron
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