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<p>[QUOTE=&quot;TOLS196024, post: 214624, member: 3884&quot;]The coin was graded MS 62PL by PCGS.&nbsp; I personally feel that guess the grade threads can be very informative and can help everyone sharpen their grading skills.&nbsp; So, before I go ahead and announce the winner I would like to take a moment and talk about the coin and its grade.</p><p><br /></p><p>First there is the issue of the numerical grade, which is right on IMO.&nbsp; When looking at Liberty’s portrait, you can see that there are a fair number of frost breaks on her cheek and cap.&nbsp; In the obverse fields there are a few too many bag marks for this coin to be Choice.&nbsp; That being said, its important to remember when grading PL Morgans that the reflectivity of the surfaces tends to accentuate marks much more than non PL coins.&nbsp;&nbsp; The reverse is very PQ for the grade with very few marks in the fields and great frosty devices.&nbsp; As we all know however, the obverse tends to carry more weight when grading a coin.&nbsp; If this piece were to be split graded, I would say it is&nbsp; MS61 OBV and MS64 REV, hence the compromise to MS62 overall.&nbsp; </p><p><br /></p><p>From a technical standpoint, this coin should be considered DMPL as the mirrors are about 10 inches deep.&nbsp; However, as all can see, there is brown toning creeping into the fields which obscure the mirrors.&nbsp; If I had chosen to dip this piece before submitting it, I have no doubt it would have been tagged DMPL.&nbsp; There is just one problem with dipping PL Morgans, it actually ruins the mirrors.&nbsp; While the appearance of the coin would have been improved temporarily, over time, the fields would have lost reflectivity.</p><p><br /></p><p>Unfortunately, TPG’s often don’t reward originality on PL Morgans.&nbsp;&nbsp; I’m just glad that there are collectors which buy the coin and not the holder.&nbsp; When I sold this coin at auction it brought more than most MS 63DMPL’s.&nbsp; Why?&nbsp; Simply because the coin is original and the purchaser knew that he didn’t have to worry about the coin turning in the holder.[/QUOTE]</p><p><br /></p>

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