1884-CC DMPL WH/LT Price?

Purchase I'm considering is graded by ANACS. Asking price= $975.00 On NGC website, they do not have the exact coin listed. Nor does Numismatic News, or any web search. I know that 1884 is all about cameo..... Anybody conjecture on a value? Sorry about the no pic...... Thanks!!!

 

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Photos aren't really important for us because it is hard to assess DMPL or PL from photos. However, we would need to know the ANACS grade.

Chris

 

More info, please. While pictures can't determine DMPL status, it can give some idea of the coin is anywhere in the ballpark.

 

Can I assume by the price that the coin is graded MS65 DMPL? If lower, the price is way too high. If graded 65DMPL, I'd have to see the coin to see if it's really DMPL or not. There are lots of coins in DMPL holders, especially older ones, that would have a tough time getting called PL today. I'd also have to see if I liked it as a solid 65.

 

If they can't or won't give you some decent pics I'd pass on it . There are plenty '84-CC PL coins and DMPL coins . I'd wait till I could see what I'd get .

 

The grade is MS65. Sorry, thought I put it in the topic. If I was to get the ANACS item#, from the seller, then I/we could probably get a pic, or at least validate. Thanks!

 

3214688 is ANACS #.

 

Question, are you an experienced Morgan Collector? To be honest, I would not be speculating in that series if I didn't know Morgan dollars all that well. The 1884cc is an extremely common date, and available in all sorts of permutations and combinations--GSA, raw, cracked out of GSA and slabbed by third party, etc. I would definitely not consider spending that kind of money without seeing the coin in person for that date, as so many nice 82-84CC coins exist. ANACS is not the top tier grading company for sure--I'd love to see a DMPL in a PCGS or NGC holder before I would consider dropping a grand on what is an easily available date.

 

I've been collecting Morgan's for about ten years now. There is so much to know, that I doubt anyone knows everything about them. I invested in Red Book of Morgan Silver Dollars. My goal now, is have a collection of high grade, proof coins. MS65 and above. Preferably in DM/PL conditions. So far, I really haven't targeted a way to form a collection. From what I deduce, a full collection is worth far more, than just a sampling. Thanks!!!
PS I show a $400.00 spread in price n my favor, on this purchase, if I can nail down a true price. Can't lose at $950.00.

 

You most certainly CAN lose, it it is not a DMPL. The red book is a poor price source. I've been collecting them for over 40 years, and have had two complete MS sets (except for the two difficult dates). My logic says go PCGS or NGC for a DMPL, or potentially lose a lot of money, as ANACS isn't that great with PL and DMPL designations.

By the way, here is an '84cc DMPL, plucked off of eBay, for illustration purposes. I do not own it, and am using it only to be illustrative. If I were going for high grade DMPLs as a set ( I have had them before), I would go for a coin like this. The pictures are lousy, but it is clear that this would be a value coin, and worth dropping the change for it.

 

I assume you've viewed the coin in-hand, and this would be a face-to-face transaction? I hope you're not considering buying sight unseen even without a photo.....

 

I think you can score a deal on an ANACS MS65, but like others have said, the DMPL coins from them are hit or miss. And if yours isn't a true DMPL, then you just paid 100% markup on the coin.

 

Take a look at auction archives for this coin. PCGS maintains a free auction prices realized database, for coins of all reputable TPGs having sold at major auction houses as well as eBay. I would use this instead of a retail price guide. You'll see some prices are roughly retail, some are far less, and it all depends on the quality of the coin. You'll also be able to look at the pictures of the coins that sold at auction, which will help you gauge what it takes for a coin to get solid money.

 

I sure would like to see you hold out for an NGC or PCGS graded version.

 

That is what I said in several different ways. If one is going to drop a grand on a MS 65 DMPL in that date, be sure it is a legitimate DMPL. Personally, I would go for a nice looking 64, as most cc dollars get preferential grading. It is a lot less money for a coin that would essentially look the same.

 

Morgan dude has a good point. I just scanned EBay (not suggesting you buy it there) but an MS64 from PCGS or NGC averages about $300 or so less than what you are looking at. On the other hand, MS65s from those TPGs typically are running higher than what you are looking at.

 

Thanks. MS 65 CC Morgans are basically not really gem grades, when compared to other coins in the series. TPGs do go gently with the grade on all of the cc dates, even those common ones. The strike generally bumps them up, as a bad cc strike is quite uncommon. So, figure a one grade bump for being a cc, and unless one is absolutely hung upon one grade (getting a pure, genuine MS 65 DMPL), there is little sense to buy them purely on grade. I would go for eye appeal more, and find a reasonably priced coin that has really nice mirrors for a 64. That is what I always look for in CC dollars---the eye appeal, more than one grade. I have seen some incredible looking 63 DMPLs as well in terms of reflectivity. I'd say don't get grade hung on them, as a really nice 64 can look better than a baggy 65 that just squeaked by as MS 65 DMPL. I would stick with the big two (PCGS and NGC) as you would be pretty sure on getting a legitimate DMPL.

 

I wish this were true, but it's not. Be very careful buying into the old holder hype with DMPLs. Many aren't. You really have to look at the coin and compare with others to see if the designation makes sense.

 

I sad usually, not always. Obviously, there is no substitute for looking at the coin-- buying ant DMPL sight unseen makes no sense. The chance of getting a legitimate DMPL is greatly enhanced by sticking with PCGS and NGC-- I stand by that, and anybody who disagrees is setting themselves as more proficient in grading than TPGs ( they aren't, despite how cleverly the may argue their point of view). However, there is no substitute for seeing a coin in hand to verify authenticity and the designation in person.

 

Other than that....how was the play Mrs. Lincoln?