Morgan Dollars are some of the most beautiful U.S. coins ever made, not only because of their design but because of the quality of the strike on many of the coins, especially the earlier dates in the series. Such Morgan silver dollars are called Deep Mirror Prooflike (DMPL), Prooflike (PL), and Semi-Prooflike (SPL).
There are a couple of ways to tell the difference between DMPL, PL and SPL Morgan silver dollars. The most common way, and probably the most reliable, is to hold the coin on its edge next to a page of printed matter (such as a newspaper) where you have marked off the inches. You should have good light directed towards the coin (but not directly into the coin such that it is reflecting the light directly). Then, look into the coin's mirrored surface and see how far down the scale you can clearly read the text.
DMPL Reflectivity Scale
Here is the scale that denotes the proper designation for the coin, based on reflectivity. If the level of reflectivity is different on each side, then the lower number prevails for the designation.
- Semi-Prooflike (SPL) - 1 to 2 inches
- Prooflike (PL) - 2 to 4 inches of reflectivity
- Deep Mirror Prooflike (DMPL) - More than 4 inches
- Ultra Prooflike (UPL) - At least 8 inches
The designation of Ultra Prooflike (UPL) is not in widespread use, and qualifying coins are fairly rare. The standard to qualify for UPL varies; some authorities say 12 inches of reflectivity should be the standard. It is important to remember that to qualify for the designations noted above; the entire surface must be mirrored with no grayish areas or lost reflectivity due to variations in the mirror quality. Normal bag marks and scuffs are permissible. If only one side of the coin is Prooflike, the coin doesn't qualify unless the grading service offers separate designations for each side of the coin, and even then, usually the obverse must be the Prooflike side to receive the designation.
Another DMPL Testing Method
Another test that can be used to check the reflectivity of a Morgan Dollar is the "finger test." Lay the coin flat on the felt or soft cloth. Do not let your coins directly touch hard surfaces like tables. Make sure there is a good source of light directed towards, but not directly into, the coin, and then hold your index finger above the coin, raising and lowering the finger to determine how far the finger can be moved away without losing sharp definition. Sharp definition is the key here, and the finger test isn't as reliable as reading the text in the mirrored surface. If the finger isn't sharply defined in the coin's field, it's too far away to qualify for the Prooflike designation. The same scale of inches of reflectivity applies as described above.
Slabbed DMPL Morgan Dollars
The tests above are not as accurate for coins that have been slabbed because the plastic case will slightly diffract and dilute the reflection. Experts recommended that you only buy DMPL Morgan silver dollars from top-tier grading services such as PCGS and NGC, as altered coins and fake frosted devices are a real problem in DMPL Morgans dollars. Another reason to buy only reputably slabbed coins is that sometimes it takes an expert to tell the difference between a clean DMPL Morgan Dollar and a Proof Morgan Dollar.
Other DMPL Coins
Although the designation DMPL first emerged to describe Morgan silver dollars and later certain Peace Dollars, the term is being expanded now to describe other coins as well. A coin that has the bright, shiny, mirrored surface and frosted devices similar to Proof coins, but which was struck for circulation can qualify as Prooflike.
In most cases, the dies that struck the DMPL coins were prepared and polished similarly to the Morgan silver dollar dies, which included a step called "basining" the dies. Basining was a process that mint workers performed on an individual die just before inserting it into the coin press. This process involved machining the die face to a slight concavity while applying a very fine die polish. Sometimes these basined dies were buffed afterward, resulting in a deeper mirror finish. Unfortunately, the mirror effect only lasted for the first few hundred strikes, degrading slowly to the point where the struck coins were no longer even mirror-like enough to be SPL.
Proof-Like (PL) Morgan Dollars
Proof-like Morgan silver dollars are not as reflective as DMPL Morgans. The field has more of a sheen to it than a mirrorlike surface. However, the devices still have to have a moderate amount of frosting to give it a cameo appearance. These coins will still carry a premium over non-PL Morgan dollars in the same grade. Comparing the value of DMPL and PL Morgan dollars across different grades becomes very subjective. The collector must balance the quality of the coin with the cameo contrast of a DMPL or PL coin. Most collectors of Morgan silver dollars will assemble a set of uniformly graded and cameo contrast coins.
Edited by: James Bucki