Do you think this monster toner was worth $12k?
dalladalla69
Posts: 61 ✭
The colors are sure nice but for an ms63, I'm failing to see how theyre not buried at 12k
Opinions?
0
dalladalla69
Posts: 61 ✭
dalladalla69
Posts: 61 ✭
dalladalla69
Posts: 61 ✭
Comments
It's relisted. Didn't sell.
Stunningly beautiful Morgan.
Worth about 250.00 to me.
The sticker adds a few grand. Ditto for the rattler.
As you can tell, I'm not impressed. It's not even that pretty. I think the price is about 24x the real value.
I would never pay that much for it Just based on its color, as it is a very common coin.
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I would not pay anything near that figure for that coin. Frankly it doesn't do much for me because I'm not sure that it’s natural.
But it stickered!
(I'm sorry. I couldn't resist).
No, I prefer Dual-Sided Toners similarly toned on both sides, that are IMO more Aesthetically Balanced & Pleasing to my personal taste such as this👇one.
Click👇Here to Enlarge Low Resolution Image:
Click👇Here to Enlarge High Resolution Image:
Stuart
Collect 18th & 19th Century US Type Coins, Silver Dollars, $20 Gold Double Eagles and World Crowns & Talers with High Eye Appeal
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Hahahahaha. If that were your coin you would value it at $500? Come on.
That color is extremely impressive to me. It’s expensive, sure, but that color on a stickered rattler is well into the four figures. I couldn’t possibly guess any more without seeing it in hand.
Of course ownership always adds a zero or two. You know me better than that by now.
At least it is attractive. Better then most outrageous listing on eBay or other portals that are the plain Jane and listed for similar amounts. We could make multiple posts a day. But hey if you have money to burn? 🤷🏼♂️ Not my money
That sounds about right. Welcome back. 😀
No !
I don't care.
All of the negative and sarcastic posts aside.......that appears to be an incredibly vibrant true monster toned coin from the ebay pics and certainly worthy of a very large premium IMO regardless of holder or stated grade. It also wouldn't shock me to see that coin regraded a couple of points higher sometime in the future. As for the price, we have all seen superbly toned pieces bring crazy money many times before, so nothing surprises me anymore.
Your hobby is supposed to be your therapy, not the reason you need it.
Every man would probably put a different price on that coin. For me....Not sure I would pay 10% of that price. I'm more interested in the coin, as minted, with a more normal coloration...
But, if you are a collector who values the truly UNIQUE, maybe that's the coin for you....(assuming there are other takers at close to that price! Don't overpay for something you are the only market for!)
The photo looks enhanced/juiced (some of those colors, like the yellows, don't look like that on toners).
I'd think $2,000-$4,000 would be the correct range for it in an auction setting with spirited bidders.
It's NT, I've sen those colors before on many a Morgan. That's a coin that needs to be seen in hand to make a final judgement, but even I think that price is way optimistic, to put it nicely.
10-4,
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Anybody considering this coin, beware. The slab shot in the listing is heavily juiced.
This coin has some history. It sold in a Heritage sale last year for $2,700 (?). It then resold for $5,000. Now it's on eBay for $12K.
Here is the link to the heritage sale.
https://coins.ha.com/itm/morgan-dollars/silver-and-related-dollars/1883-o-1-ms63-pcgs-pcgs-population-53380-52304-ngc-census-58072-62097-ms63-mintage-8-725-000/a/1278-7841.s?ic4=GalleryView-Thumbnail-071515
I will say though, the color is without a doubt real IMO.
Maybe I will ask that kind of money for my double sided toner.
CAC liked it too!
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I'd say the OP common Morgan with toning premium that it is a $70 dollar coin, $80 if I have had a magarita....
Best, SH
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Nice detective work! I remember that coin from Heritage now. I didn’t recognize it from the other obverse pics, both of which look juiced. Maybe if he had offered free shipping I could bring myself to hit the Buy-it-now, but that extra $7.35 makes me hesitant.
If a coin like that were offered to one of my local brick and mortar dealers the gray sheet would come out. They don't pay premiums for anything ... smart and savvy.
The listing has ended, but is there any indication that it actually sold for $12k?
The images in the ebay listing were maximally juiced.
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I wouldn’t call it smart nor savvy. If the LCS offered the person a 2x-3x premium (or even more), they could have resold it for 20x+ greysheet. I call that money left on the table.
Maybe that LCS can survive on scrap metals, but a little extra research could be very rewarding (and it’s puzzling that they have no desire to do it).
Checking watchcount shows it sold for the full price of $12k, but it was to a zero feedback buyer who likely never paid as the coin is now relisted for the same $12k price.
Now it looks some better.
No...
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Even during the peak of the color days 05 06 that wouldn't reach that much at auction such as stacks or larry Goldberg. The battle creeks 65 and 66s were going for less then that....
Worth maybe $45 tops. Taco Bell gives adds in another $11950. Crazy world, peeps with more $$$ than sense.
The whole worlds off its rocker, buy Gold™.
There are about ten million really neatly toned Morgan silver dollars. If a person waited 18 seconds, they would probably see another show up for sale some wjere else. Lastly, God knows what kind of tweeking was done to the photo to enhance the colors. What would it look like in hand in natural light? Not like that at all.
When you buy a coin, it is "worth" what you could turn around and sell it for the next day, nothing more.
Laughable
I like it at 1k-ish. Pretty coin.
Seller is a nice guy. Don’t know why he juiced the slab shot...as the closeups are better. I’ve bought from him before—toner—and his closeups were accurate, though of course with the best lighting. Again, don’t know why he juiced the slab shot for this one, it’s obviously off.
I'm not sure that it’s natural.
My first thought when I saw the piece after opening the link. Colors look "painted on" to me.
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
So many comments on a lowly Morgan?
What a waist of time....
There are about a dozen people in America who would pony up big time for a coin like that. Since it's in an MS 63 holder that is a bigger factor to price than it's common date.
I'd love to see an actual collector of such monsters weigh in but I'd be willing to bet it's worth at least $5,000.
Funky color, IMO. Looks AT to me. I’d pay $17.
Dave
Come on folks, it’s not a $12k coin but it’s also not a $45 coin. The value is also not determined by what you can sell it for the next day. Almost any coin in an auction takes longer than one day to sell and it takes time to sell all items.
No one has to pay a premium for toning, but to not recognize that toners bring a premium is silly (as there is plenty of market data to prove they do sell for a premium).
That painted look is caused by enhancing the photo. The coin displays all the signs of natural toning (or market acceptable toning, if one prefers that term).
$2750
rainbowroosie April 1, 2003
I don't know what it is about toning that some collectors simply refuse to acknowledge its value in the marketplace. I understand that eye appeal is extremely subjective, but one can know something is valuable to others without liking it themselves. I don't really collect gold (other than buying a few type coins) but I'm not on here saying I'd pay melt for a 27-D Saint.
No.
No
No one said it wasn't valuable. We disagreed with the seller's valuation. The eye appeal is limiting as is the grade. Usually to hit high four figures to five figures most collectors want at least MS65. There are exceptions, but I don't think this is one of them. Your comparison is also not apt. Most can agree on a fair price for a 27-D within a small range, and there is less subjectivity than with toning. Almost all of this coin's value is due to subjective toning as opposed to the (much more) objectivity rarity that is the primary driver of the saint's value.
Between blitz, arco, raybo, and dave we have at least four posters that say or imply it's not valuable.
We can have a lively debate about the price (like your $500 or my $2k or someone else's $5k), but the melt, worthless, and $45 "valuations" are quite silly (that can be their personal value, but it is nowhere near reality in the market) based on basic research (and that was what @david3142 and I were pointing out).
"Worth maybe $45 tops" -blitz
"There are about ten million really neatly toned Morgan silver dollars. If a person waited 18 seconds, they would probably see another show up for sale some wjere else. [....] When you buy a coin, it is "worth" what you could turn around and sell it for the next day, nothing more." -arco
"So many comments on a lowly Morgan?
What a waist of time...." -raybo
"Funky color, IMO. Looks AT to me. I’d pay $17." -dave
My $500 number was based on the slab shot. In light of the new pictures and information, I think your $2k price is probably closest to what the seller might expect. $5k seems like an outlier to me.
And that is a perfectly reasonable explanation (unlike some of the others
).
Is that kind of single-sided color within the capabilities of doctors now?
I haven’t heard or seen that type of color being replicated. This is also a rattler that was slabbed around 30 years ago, so that lowers the chances of AT (and it doesn’t look like the gassed slabs that I’ve seen).
I really believe that the juiced photos are what make people say AT. If the photos were more realistic, there would be much less doubt about the color.