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PL & DMPL designations — Different TPG grading standards for different years & mint marks?
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<p>[QUOTE="messydesk, post: 4441005, member: 1765"]If you're talking only about Morgan dollars, which have had those designations available forever, then, yes there are subtle differences between dates and mints as to what's required for PL/DMPL. The bigger differences, as indicated by Jason, is the fluctuation over time as to what was considered PL/DMPL and what was not. The vaunted rattlers, OGHs, and NGC fatties that have coins in PL grades are quite often far short of today's standards. I've seen many older NGC slabs labeled DPL that wouldn't even get PL today. Much of this is a result of the market and an ill-defined, difficult to apply standard chasing each other until the standard itself converges on something that is stable.</p><p><br /></p><p>For this reason, when buying PL coins, make sure you look at a lot of them and feel comfortable with the designation given and price being charged.</p><p><br /></p><p>Another difference among the various dates and mints is luster. Don't let this difference cloud your vision of what a PL coin should look like. Coins normally found with crappy luster, like a 1903 Morgan, can have PL or DMPL surfaces despite the overall lousy luster. They're not common, though, and they'll never have the bottomless depth of a killer DMPL 80-S or 83-CC.</p><p><br /></p><p>Finally, the slab itself can make evaluating the depth of a PL difficult since you have a reflection off the slab you have to read through to see the depth of the mirrors on the coin alone.[/QUOTE]</p><p><br /></p>
[QUOTE="messydesk, post: 4441005, member: 1765"]If you're talking only about Morgan dollars, which have had those designations available forever, then, yes there are subtle differences between dates and mints as to what's required for PL/DMPL. The bigger differences, as indicated by Jason, is the fluctuation over time as to what was considered PL/DMPL and what was not. The vaunted rattlers, OGHs, and NGC fatties that have coins in PL grades are quite often far short of today's standards. I've seen many older NGC slabs labeled DPL that wouldn't even get PL today. Much of this is a result of the market and an ill-defined, difficult to apply standard chasing each other until the standard itself converges on something that is stable. For this reason, when buying PL coins, make sure you look at a lot of them and feel comfortable with the designation given and price being charged. Another difference among the various dates and mints is luster. Don't let this difference cloud your vision of what a PL coin should look like. Coins normally found with crappy luster, like a 1903 Morgan, can have PL or DMPL surfaces despite the overall lousy luster. They're not common, though, and they'll never have the bottomless depth of a killer DMPL 80-S or 83-CC. Finally, the slab itself can make evaluating the depth of a PL difficult since you have a reflection off the slab you have to read through to see the depth of the mirrors on the coin alone.[/QUOTE]
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PL & DMPL designations — Different TPG grading standards for different years & mint marks?
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