1881-O DMPL Morgan Dollar MS64

1881-O Morgan Dollar DMPL PCGS MS64 42582923 Obv

A “Top Shelf” DMPL Morgan Dollar

Prior to purchasing this 1881-O DMPL Morgan Dollar, I do a lot of homework. About every day I am looking for those elusive and rare DMPL Morgan Dollars which has a great look and the population numbers are low. I take my time, I am patient for the most part. I know these DMPL Morgan Dollars will sell at a major Coin Show. I pass on a lot of Morgan Dollars if they seem a bit off to me. This latest DMPL Morgan Dollar purchase was a no brainer. It’s an 1881-O DMPL Morgan Dollar graded by PCGS, and was given a grade of MS64 with Deep Mirror Proof-Like (DMPL) qualities.

1881-O DMPL Morgan Dollar PCGS MS64 42582923 Obv
1881-O Morgan Dollar DMPL PCGS MS64 42582923 Obverse
1881-O DMPL Morgan Dollar PCGS MS64 42582923 Rev
1881-O Morgan Dollar DMPL PCGS MS64 42582923 Reverse

1881-O DMPL Morgan Dollars have a low population and grades

When I looked this Morgan Dollar over, I was surprised to see the cheek actually looked pretty decent for a MS64. The Cameo contrast looks pretty appealing as well. The reason I bought this Morgan Dollar was the low population and seeing the top population was only a MS65. In my opinion, that means that this 1881-O DMPL Morgan would be a very low population and a relatively rare piece.

Why this Morgan Dollar deserves to be on the “Top Shelf”

The Coin Store Top Shelf Award
The Coin Store Top Shelf Award
  • For the 1881-O Morgan Dollar there were a total of 1,962 graded as DMPL.
  • Only 528 of those DMPL Morgan Dollars that were graded MS64.
  • There are only 99 known to exist that are graded higher.

I cannot emphasize enough the importance of collecting DMPL Morgan Dollars that are extremely low in population numbers. Occasionally, I may pay just a little more over the book value of a rare, low population DMPL Morgan Dollar just so the sale will register to include the increase in price.

As you will see below, I typically go to the top three grading services and pull down the current population numbers for the coin I am researching. To have potential for me to consider it for a “Top Shelf” Morgan Dollar, it has to show indicators that the DMPL or even PL Morgan has potential to show an increase in value over time. I wrote the Coin Dealer Newsletter staff about this particular Morgan Dollar expressing concern that it’s rarity was overlooked. The response I received was simple, these type of Morgan Dollars are not recognized as rare in the market.

In my opinion, it is only a matter of time that these Morgan Dollars prices will be “adjusted” due to a rarity. This 1881-O does not have very many examples over MS65. I am going to research this against the 1897-O and find out which one is more rare. I understand it takes a lot to make a coin popular amongst collectors, but I believe it is also very beneficial to make the collector aware that the coin has a lower population than other, potentially a popular Morgan Dollar with a higher population.


Population Numbers for the 1881-O DMPL Morgan Dollar:

PCGS Population Numbers

  • Total 1881-O Morgan Dollars graded DMPL: 1136
  • Total 1881-O Morgan Dollars graded MS64 DMPL: 370
  • 1881-O Morgan Dollars graded in a higher DMPL: 93
  • PCGS Pop numbers: Morgan Dollar – PCGS Population Report

NGC Population Numbers

ANACS Population Numbers

  • Total 1881-O Morgan Dollars graded DMPL: 219
  • Total 1881-O Morgan Dollars graded MS64 DMPL: 34
  • 1881-O Morgan Dollars graded in a higher DMPL: 1
  • ANACS login required for Pop numbers: Sign In (anacs.com)

A direct Link to this beautiful 1881-O Morgan Dollar DMPL

A Link to this beautiful 1881-O Morgan Dollar DMPL

https://thecoinstore.org/?product=1881-o-morgan-dollar-dmpl-42582923


This coin will join the other “Top Shelf” Morgan Dollars here : https://thecoinstore.org/?product_cat=top-shelf-coins

Questions Please email us in advance
Questions ? Please email us in advance
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