Hi Doug - a continuation of my previous post but I wanted to place this separately in another post. Your point: "Now can original skin be definitively identified or recognized ? No it cannot, and the reason it cannot is because there is no difference between the toning that occurs at the beginning of a coins life, and toning that occurs 50 or 100 years later." Your point: "This is why, among what I shall call "advanced collectors" many of them highly prize the coins with what they call original skin." Are you saying that these type of "advanced collectors" are attempting to achieve a hopeless task if the original skin cannot be definitely identified or recognized?
Your leaving out a lot of what I said. My complete comments explain my reasoning for your shorter versions of my comments. But you seem to think that if a coin was minted say in the early 1800s and that coin toned, as all coins do. And about a hundred years later (early 1900's) that coin was dipped because the toning had reached the point that if allowed to continue unchecked it would damage the coin. And then another hundred years later (early 2000's) that the toning presently on the coin would somehow be different in 2000, and recognizably so, than it was in 1900. So I ask you, how could that even possibly be so ? Toning is toning - period. Yes, it can have different looks, different colors, different degrees of severity. But it is still all just toning. And in the end nobody knows what the coin looked like in 1900 so there is no way that it can be said that the toning presently on the coin has been there since 1800. The coin could have even been dipped in 1850 and again in 1900 and still nobody would know because the toning is still going to look original. Now there is one, but only one, possible exception. And that would be if the coin's pedigree were definitively known from the time it was minted to present date. And it was known, with reasonable certainty, that the coin had never been dipped by any of those owners. That said, I do not know of even a single coin, even including the greatest rarities, where that is the case. Is there such a coin, or more than one ? Yeah, maybe. But if there is you can bet that you'll have fingers left after you count them all. So is it a hopeless task ? When push comes to shove I'd have to say yes.
I'd like to ask opinions again. Specifically, are these old HALLMARK slabs "rare"? I can't find much info on them. My LCS says they were very selective and conservative as to grades and quality of the coins they'd slab. Any insight or knowledge would be appreciated. He just brought out another batch of them that I'm interested in, but would like to be better informed. Thanks in advance!
I don't see many Hallmark slabs. They're old enough for there to have been a lot of attrition before they became collectible. The 98-O Morgan shown might grade 64 today, but not DMPL.
The really interesting thing about old green holders like that is it that they basically come in two flavors due to the history of the individual coin. Grading of OGH is considered conservative by today's srandards. Which is NOT to say "automatic" upgrade. One population of holders has been picked over many many times by owners and dealers and nobody's been willing to resubmit it or they have resubmitted it and it quietly failed to meet the minimum. It may have just barely been a 64 back then and is today a solid 64 (maybe even CACable), but it will not make 65. The second population are the coins that have been off the market for 25 years, and those are the ones that are highly likely to upgrade.
The coin is very nice. Probably a 64, but as has been said, not worth the upgrade financially. The slab? BLECH!! I would consider that to be a raw coin in worthless plastic.
And I would consider the plastic to be more important than the coin. 98-O morgans are nothing special, but Hallmark slabs are hard to find. And it's not like it was a fly-by-night company, having Q David Bowers for an owner has to give it some legitimacy.
As a curiosity perhaps, but certainly no value added. Also not disputing the fact that the 98o is an extremely common date.
I know it's tough to say, without seeing the coin, but I have a question about the DMPL designation. I have an opportunity to get a 78-CC, graded by PCI (first generation slab from when they took over for HALLMARK) and its graded MS 63 DMPL VAM 11. The price is $1000. Now, without that DMPL, its value is about cut in half. How do I determine if it would still be DMPL by today's standards? Grey sheet has DMPL as a $1350 value so you can see why I want to be certain it is truly accepted as DMPL. Any help would be greatly appreciated!
You have to see it in hand. As much as grading standards have changed, the add ons and modifiers like CAM have changed more.
<3 those early PCI slabs with the Futura-family type. There are still gems in the rough in them. As a home test for DMPL, you want the fields of the coin - the whole field, both faces - to readably reflect newsprint at a distance of at least 8". You want to be comfortable with the idea of using the coin as a shaving mirror. Seriously.