Finding Morgan reconsideration in the Wild: A Cherry Picker’s Guide

Historical Significance

The Morgan Dollar series, minted from 1878 to 1904 and again in 1921, represents one of the most beloved and collected coin series in American numismatics. Named after its designer, George T. Morgan, these silver dollars were produced at five different mints: Philadelphia (no mint mark), New Orleans (O), San Francisco (S), Carson City (CC), and Denver (D). The 1921-D Morgan Dollar is particularly significant as it represents the only year the Denver Mint produced this iconic design before transitioning to the Peace Dollar series.

Identifying Key Markers

When hunting for potential DMPL (Deep Mirror Prooflike) specimens in circulation or bulk lots, several key characteristics should be examined closely. The coin in question appears to be a 1921-D Morgan Dollar with the VAM-41A attribution, featuring the 7/8 tail feathers variety. This particular variety is identifiable by the distinctive tail feather arrangement on the eagle’s reverse design.

Key markers to look for when cherry picking include:

• Strong mirror-like fields on both obverse and reverse surfaces
• Clear contrast between the reflective fields and frosted devices
• Minimal contact marks or hairlines that could affect the grade
• Proper mint luster and strike quality

The images show what appears to be strong mirror reflectivity, though the presence of a light haze is noted. This haze can sometimes prevent a coin from achieving DMPL status at grading services, even when the underlying mirror quality is present.

Value Guide

Understanding the potential value of your find is crucial for any roll hunter or cherry picker. Based on the discussion, here’s a breakdown of potential values:

• 1921-D Morgan Dollar in MS64+ PL (Prooflike): Approximately $840
• Same coin in MS65 PL: Approximately $3,800
• Potential DMPL (Deep Mirror Prooflike) value: Significantly higher, though exact figures vary by market

The dramatic price difference between grades highlights why many collectors pursue DMPL specimens. However, it’s important to note that the 1921-D is generally less valuable than earlier date Morgans due to its higher mintage, though certain varieties and high-grade examples can still command premium prices.

Circulation Finds and Bulk Lots

When searching through circulation or bulk lots, patience and knowledge are your greatest assets. Look for coins with exceptional eye appeal and mirror-like surfaces. Estate sales and coin shops often contain overlooked DMPL specimens that previous owners may not have recognized.

Tips for successful cherry picking:

• Examine coins under good lighting with magnification
• Learn to recognize the difference between prooflike and deep mirror prooflike surfaces
• Check for variety attributions that might add value
• Be aware of common problems like haze, toning, or contact marks

Authentication and Grading Considerations

The discussion reveals important considerations about the authentication and grading process. The coin in question is already slabbed as an MS64+ with a gold shield designation, indicating it was graded before TrueView photography was implemented.

Key authentication points:

• Verify the coin matches the VAM-41A attribution
• Check for planchet flaws or contact marks that might affect grade
• Assess the strength of mirror reflectivity and contrast
• Consider whether conservation might improve the coin’s appearance

The debate over whether to submit for reconsideration highlights the risks and rewards of attempting to upgrade a coin’s grade or designation. While the potential upside is significant, there’s always the possibility of receiving the same grade back or even a downgrade.

Conclusion

Finding a potential DMPL Morgan Dollar in circulation or bulk lots can be an exciting discovery for any collector. The 1921-D VAM-41A variety discussed here represents exactly the type of cherry picking opportunity that makes roll hunting and bulk lot searching so rewarding. While the decision to submit for reconsideration involves weighing various factors including cost, potential return, and personal attachment to the coin, the knowledge gained through the process is invaluable.

For collectors just starting out, remember that not every find needs to be sent for grading. Sometimes the joy of discovery and the satisfaction of owning a beautiful coin is reward enough. Whether you decide to keep your find as-is or pursue grading and potential upgrades, the experience of searching for these numismatic treasures is what makes the hobby so engaging and worthwhile.

Happy hunting, and may your next roll or bulk lot contain that elusive DMPL specimen waiting to be discovered!

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