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Posted 02/22/2009 2:04 pm
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Very informative thread , so how much does being DMPL add to the value of a coin ? and does that designation apply to all denominations ?
Very informative thread , so how much does being DMPL add to the value of a coin ? and does that designation apply to all denominations ?
Generally speaking, DMPL designations are not for copper, except Proofs - it's very difficult to achieve such a finish on a copper coin. The PL and DMPL designations pretty much originated with Morgan dollars in the 60's - prior to that, they were just premium examples of a given coin. Now, the designation can and has been applied to many silver issues, and they've become premium coins.
Value differences, like most coinage, vary according to rarity. Some Morgans are easily found with reflective surfaces - well, easily considering the fact that only about 2% of Mint State Morgans are worthy of even PL designation, and only a small percentage of them DMPL - and others are much more difficult. Many Carson City Morgans, generally the most valuable, are also the easiest to find with reflective surfaces. On the other hand, certain San Francisco Morgans, generally considered on average the best-struck examples, are unknown in DMPL. So, additional value can range from, say, 30% above the non-PL value, to huge multiples of it.
