Opinions on my new MPL

Hi,

I have been looking for an MPL for almost a year now, I bought Kevin's Flynn's book, did my research, have bid on several coins over the last year and finally I was the successful bidder on a 1913 MPL. Originally I thought it was a good price but then I started having my doubts. Any input would be helpful and I have a thick skin so if you think I got hosed let me know.

The MPL is in an NGC holder graded PF 66 RB. The problem is, I started thinking I paid for RB plastic but got a BN coin. The price guides for MPL's are sort of usless so I had to rely on past auction prices and there is a huge varience in price for the same grade/color coin. Anyway I paid $1620 for the coin. The obverse is mostly brown with some reds poking through. The reverse has more red.

So the first question is, do you think it is an RB coin?

As for the sufaces they are wonderful so I think the 66 grade is correct but if your opinion differs, let me know.

Now when researching, it seems that PCGS MPL's have a sizable premium over NGC coins so do you think the coin would cross at 66 and would the color cross. Also I am not sure if it matters much or not but if the coin did cross would it lose the Walter Child's pedigree?

So what do you think. Fair deal or not.

Mike

 

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It is possible that it would be regarded as an RB. You would have to do a search to find out what NGC's criteria is for RB and BN.

Unless it is hidden in the photo, the beard detail just isn't strong enough to make 66 at PCGS. If, however, the detail is actually stronger than it appears, it has a decent chance.

 

It is possible it was a RB when slabbed, but toning can continue in a slab. They are not air tight. I think that PCGS would not go over PF65. I think the obverse is brown ( if photo coloration is close) and most likely it would be close for the reverse. They usually go for the lowest value of the 2 sides. I guess you could submit it as a crossover only if PF66 RB or higher and see what happens if you need to sell it. My experience with Lincolns is that 95% of my times with coins from same roll going to each, PCGS is one grade lower than NGC.

Jim

 

MPL = Milwaukee Public Library?

Marine Preservation Lobbyist?

Mozilla Public License?

 

MPL?

I guess if I don't know my opinion is of no value.
And I'll never be able to learn.

 

Thanks Robec

I appreciate you input.:smile

Mike

 

MPL = Matte Proof Lincoln

When they changed over to the Lincoln cent in 1909, the fields were not flat as in the Indian Cent. They did not have a method to produce the more common mirror proof. So they decided to produce a proof with a Matte finish. This was accomplished by sand blasting the dies with very fine sand that left tiny dimples in the die.

Mike

 

Thanks Jim,

Yes, the photo is close to the color. I tried to Match it the best I could to what the coin looked like in hand. The lights reddened up the coin a bit, but I lowered the saturation to match the coin in hand under normal room lighting.

Thank you for your input.

I am planning to send it in to PCGS, even if it just for the learning experience. The small fee will be well worth the knowledge for the next time.

Mike

Mike

 

Great photo. Love the coin but i dont think it would keep the RB if it crossed over

 

I think the price was fair but you are right about the prices being all over the place.
As far as pedigree, I would call PCGS and check.

 

65RB would be a more suitable grade, IMO.

But PCGS... Who knows what they'd say. I've heard over the years that PCGS is a bit more strict on Copper than NGC, and I'd have agree (from evaluating examples of each grade from both TPGs). But, again, on occasion, they to cross at the same grade.

-Brian

 

Very nice

 

Color is really hard from photos, they often do not tell the story. To me, based on the photos, the coin is BN. As far as price, you can't really use guides and past results. There are no accurate prices for these since they are so rare. At best, looking around gives you a "ballpark" figure. Each coin is so unique it seems each one establishes it's own price.

I wouldn't bother sending it to PCGS. It's not going to be "cheap" and it's going to drive-up your cost by at least a couple hundred bucks by the time the ordeal is over and they might 65BN it. IMO, it's a lose-lose for you. Just keep the coin the way it is and enjoy being a proud owner.

 

Thanks Thad,

Appreciate your input

Mike

 

I failed to mention what a dynamite photo that is. These MPL's aren't the easiest to capture. You did a great job.

 

Well said and I agree.

 

Thanks Robec, and yes it was a real bugger to photograph. I kept washing out all the detail. It took me at least four tries. I wound up lighting the coin from the top with a single light source and using a paper napkin as a diffuser. There is still plenty of room for improvement, but I will leave that for another day

Mike

 

That is a really nice coin. I personally would leave it in the NGC holder because I like the grade & I think it looks good in the NGC holder.

If you are determned to send it to PCGS then call them first & confirm that they will carry the Childs designation over to their holder in the event of a cross. (I know that NGC did this when I had them cross a Eliasberg coin one time).

 

Yes, Thanks to everyones input, I am just going to let it sit in its existing home

Mike

 

Smart move!