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Coin dealer Don Rinkor specializes in DMPL and PL Morgan dollars. This popular subset of Morgan dollar collecting focuses on highly reflective dollars, many with rich cameo contrast. In this video, CoinWeek talked to Don about five DMPL or PL dollars that savvy collectors should know about.
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[Applause]
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[Music]
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so down you're one of the nation's
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leading dealer specialists in Morgan
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dollar PL and simple point right a lot
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of collectors love this type of Morgan
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dollar but few collectors who are just
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getting started realized that there's a
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great miss Marion populations and
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quality of simple and pl Morgan dollars
0:36
throughout the series so I wanted to ask
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you what are five dimples that savvy
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collectors should know
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[Music]
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well there's a number of dates that
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there's very few coins available and
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there because of that the prices tend to
1:12
be very strong and oftentimes they have
1:15
recently been increasing in value all
1:18
other silver dollars maybe not so much
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in two of the dates of the 79o which
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happened at one here and the a do are
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both very scarce gates that the
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estimates from those two gates are very
1:32
common but you go to the New Orleans
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Mint and the mintage is a very calm
1:36
they also come very attractive they
1:37
usually have very nice cameo very deep
1:39
mirrors nice frosty devices but from a
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value standpoint those I think are two
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of the better dates that because you can
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find him I would put them away and the
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New Orleans Mint at that time for I
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guess for Morgan Dollars was really one
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of the more rustic mints producing these
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coins of design
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that's why why would the New Orleans
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Mint have such a reputation for flat
2:00
stripes and not so many different well
2:03
actually
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I mean they produce a lot of coins in
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most cases but as far as like pointed
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that survived in high grade and or and
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feel a dimple the way they process the
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dyes and the way the points were handled
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have a lot to do with that but when you
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look at manages those are there again
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smaller miniatures into San Francisco or
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Philadelphia Mint but even much smaller
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when it comes to the coins are actually
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produced with mirror-like proof like or
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demon bear proof like services so you
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like these two points where are a few
2:33
other points that you really like oh
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there's a couple others that actually
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are almost impossible to find a dimple
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and but they're very very rare and very
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a very good investment in proof like and
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one is a 79 s for versus 78 okay that's
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that's point is own there are no dimples
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but in a pl again is probably less than
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50 coins available super rare very hard
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to find and also they could be quite
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attractive to at night cameo most of
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these have a lot of die polishing on the
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reverse it just like none of them over a
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simple least not PCGS
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the other date is an 85 s okay here's
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another date that there's only a single
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coin in deeper groove like there's a
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handful of improve like and again same
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reason reversed the dye polishing is too
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severe for a fee fee disagreed them but
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both of these dates have actually gone
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up at value quite a bit over the last
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10-15 years and I as far as I can see
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they're going to continue to rise in
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value because they're just not grading
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these coins in PL holders there's very
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few of them available and the demand for
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them if you're doing a registry set
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these are two of the toughest states to
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find and that 85 s stands in stark
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contrast like an 81 em that was like
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probably the the caviar of the San
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Francisco myths output of $4 yeah yeah
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exactly so 80 80 s is a probably the
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most common 81 SS or the second most
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common but then you get to like 83 F
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there's only a few of them in dimple in
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84 em there's like one or two pls that's
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about it 85 F there's only a single coin
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86 and later there aren't more points
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available and key pair prove like but
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but those are very tough dating 79s
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reverses 78 and 85 f so Donna what about
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the C semen was there any particular
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date that like has the best quality
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dental surfaces well or obviously a lot
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of pp Morgan survived because of the GS
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a fourth it came out back way and Nixon
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to the White House so there's a lot of
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these coins that are in being approved
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like to survive the a one day by far has
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probably the most black and white errors
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and that's the 85 PP this is another
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example of a very very attractive heavy
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cameo super deep mirrors very attractive
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coin in their sought after by collectors
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one for the beauty but to ones that are
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truly black and white are very very
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decisive against Spears their demand is
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far it
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of the life and so when they when we
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have them available to easy sell almost
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immediately but that is one of the dates
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if you want a really black and white
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Carson City 85 CP is probably one of
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them what's the estimated value of this
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piece that you have this piece is about
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$13,000 but this is a 66 feet mere
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approved like there's only two points
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the grade higher and so there's there's
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obviously not much change you're going
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to find a nicer one than this how to ask
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you an advanced question so let's take a
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hypothetical Morgan dollar day that's
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conditionally rare and also rare and P L
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and M so let's say the top pop pop one
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point and dimpled would be ms-64 and
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proof like it'd be M at 65 and then in
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just straight mint State SMS 67 all
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conditionally rare let's say pop one up
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to point in each grade right what point
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takes primacy over the other in cars
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like this serious right so well serious
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collector and then there's the registry
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guy so you know because the register
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guys there into the point value
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oftentimes a PL point of a higher grade
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may be worth more than a dimple but from
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a true investment standpoint a rarity
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and probably the desirability to coin in
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the highest grades available sweeteners
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like it is you the most sought-after so
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if it's a 64 dimple versus a 65 GL 64
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dental take so generally that is going
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to be correct yes and there's a few
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dates where in Mid State the coins are
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super rare on top of the fact that PL or
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example might be very very scarce and so
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in that case that might be the accept
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numeric value like a 66 my grade higher
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than this example maybe a 60/40 when
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there's a two-point difference but but
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generally when people are into buying
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the coins of the best I appeal personal
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eye candy pair foods like tend to see
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the target and again 64 dental often
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science is going to be more sought after
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than for 65 p.m. okay well let's talk
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about I feel last question for you how
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important is eye appeal when it comes to
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dental pl because temple doesn't
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necessarily mean it has higher right
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exactly yeah well actually that's the 10
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million dollar question because you know
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you look at the price sheet and you look
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at the population but it comes down to
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it no to dimples or like again the coins
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that have the most black and white
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mirrors they are the ones most most most
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desirable of all and and some people
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that's all they're looking for just they
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don't care about the date in some cases
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they don't care about this was it grade
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but they just want that black and white
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contrast that's what people look for and
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the coin doesn't have to have that
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contrast to get dimples the entire thing
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is the mirror though yeah there are some
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points that are brilliant as far as they
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have no cameo there's no contrast most
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of the dates after 1900 are going to be
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just pretty much silver but they can
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have very deep errors and they can still
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qualify for a deeper proof like coin but
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very very beautiful half cameo contrast
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well done thanks for sharing that with
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my pleasure
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appreciate it no problem thank you
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