Welp the toner market is still bonkers, $900 for a raw common date morgan

goldrealmoney79

Yeah so the Morgan toner market still appears to be strong at least for the bag toners or higher end coins.
This one that recently closed is a lower grade unc 1883 O, common date. The toning is very nice yet it went for $900+ almost a 30x premium compared to a raw untoned example.
Not sure if there's much if any meat left on the bone once this coin gets slabbed, but I just think its crazy that a raw coin can command such a premium.
What are your thoughts on the toner market or this coin in particular? Do you think toners are softening or remaining firm? Considering Aurora Borealis listed several of his coins for sale recently.

https://www.ebay.com/itm/1883-O-Morgan-Silver-Dollar-Rainbow-Toned/324503285348?hash=item4b8de72e64:g:kNIAAOSwCSVgPVy1

crazyhounddog

That’s some strong money alright. I see this quite frequently. People love their beautiful toned coins.

Zoins

$918 for a raw 1883-O Morgan.

yspsales

Wicked coin.

Out of my circle of competence.

Why isn't it slabbed?

At least looking at his store there aren't 25 dupes cooked up in the garage.

thefinn

Real toning, just not worth sending a $50 coin to PCGS for grading, since it would come back MS63. Being raw probably helped the price - someone probably thinks they are going to score when THEY send it in. Ignorance is bliss.

airplanenut

This one I don't get. I understand the premium for fabulous color. Green is a tough color and this coin has a lot of it. That said, I don't think this coin is technically nice enough or strong enough in the eye appeal department to warrant this premium, especially without better photos. I wonder if this is a case of two nuclear bids coinciding. Slabbed as a 63 or 64 I could see the coin maybe at $500, though I'm still not convinced it's really that impressive. Oh well, not my money, but maybe it means my collection is worth more than I thought.

Zoins

@thefinn said:
Real toning, just not worth sending a $50 coin to PCGS for grading, since it would come back MS63. Being raw probably helped the price - someone probably thinks they are going to score when THEY send it in. Ignorance is bliss.

@airplanenut said:
This one I don't get. I understand the premium for fabulous color. Green is a tough color and this coin has a lot of it. That said, I don't think this coin is technically nice enough or strong enough in the eye appeal department to warrant this premium, especially without better photos. I wonder if this is a case of two nuclear bids coinciding. Slabbed as a 63 or 64 I could see the coin maybe at $500, though I'm still not convinced it's really that impressive. Oh well, not my money, but maybe it means my collection is worth more than I thought.

I've seen other crescent Morgan common date PCGS MS62s sell for over $1500, so it could be worth it on the realized price

davewesen

emerald green is a rare and expensive color, I like it

thefinn

@Zoins said:

@thefinn said:
Real toning, just not worth sending a $50 coin to PCGS for grading, since it would come back MS63. Being raw probably helped the price - someone probably thinks they are going to score when THEY send it in. Ignorance is bliss.

I've seen other crescent Morgan common date PCGS MS62s sell for over $1500, so it could be worth it on the realized price

Popular now, but how long are the legs. The potential for increased pricing is dubious.

MilesWaits

Yeah I hear you! You lost me at Morgan.

Zoins

@thefinn said:

@Zoins said:

@thefinn said:
Real toning, just not worth sending a $50 coin to PCGS for grading, since it would come back MS63. Being raw probably helped the price - someone probably thinks they are going to score when THEY send it in. Ignorance is bliss.

I've seen other crescent Morgan common date PCGS MS62s sell for over $1500, so it could be worth it on the realized price

Popular now, but how long are the legs. The potential for increased pricing is dubious.

I've been there, I've bid, and I've lost

It's been like this for years.

TomB

In my opinion, the combination of a sharp crescent pattern in the toning with Ms. Liberty emerging into the white field and the color behind her being largely green made this coin quite attractive to a number of folks. Is it "worth" the final bid to me? No, but that is fine, too.

thefinn

@Zoins said:

@thefinn said:

@Zoins said:

@thefinn said:
Real toning, just not worth sending a $50 coin to PCGS for grading, since it would come back MS63. Being raw probably helped the price - someone probably thinks they are going to score when THEY send it in. Ignorance is bliss.

I've seen other crescent Morgan common date PCGS MS62s sell for over $1500, so it could be worth it on the realized price

Popular now, but how long are the legs. The potential for increased pricing is dubious.

I've been there, I've bid, and I've lost

It's been like this for years.

It reminds of Bitcoin. Only time will tell. I will pay a bit of a premium, and sell for a bit of a premium, but they are not rare, unless it is on a rare coin.

SeattleSlammer

I’d like it around $425. Pretty coin.

CoinCoins

it's worth $40 at best to me

Zoins

@CoinCoins said:
it's worth $40 at best to me

You do know that's like double melt value!

cameonut2011

I’d buy it at $300-$400.

anablep

I see the appeal, but I'm smarter with my money than that.

MFeld

@Zoins said:

@thefinn said:

@Zoins said:

@thefinn said:
Real toning, just not worth sending a $50 coin to PCGS for grading, since it would come back MS63. Being raw probably helped the price - someone probably thinks they are going to score when THEY send it in. Ignorance is bliss.

I've seen other crescent Morgan common date PCGS MS62s sell for over $1500, so it could be worth it on the realized price

Popular now, but how long are the legs. The potential for increased pricing is dubious.

I've been there, I've bid, and I've lost

It's been like this for years.

It’s been like this for decades.

2dueces

Four 1/10 oz gold maple leafs or a toned Morgan? Hmmmm. I’ll take gold for $900 Alex.

3keepSECRETif2rDEAD

...time to start crackin out those ms62 rainbows fellas, daddy needs a new pair of shoes!

Zoins

@MFeld said:

@Zoins said:

@thefinn said:

@Zoins said:

@thefinn said:
Real toning, just not worth sending a $50 coin to PCGS for grading, since it would come back MS63. Being raw probably helped the price - someone probably thinks they are going to score when THEY send it in. Ignorance is bliss.

I've seen other crescent Morgan common date PCGS MS62s sell for over $1500, so it could be worth it on the realized price

Popular now, but how long are the legs. The potential for increased pricing is dubious.

I've been there, I've bid, and I've lost

It's been like this for years.

It’s been like this for decades.

I still wonder why people are surprised.

I wonder if it has to do with the price guides?

ChangeInHistory

@davewesen said:
emerald green is a rare and expensive color, I like it

I remember an old toning thread that talked about how green toning brings out the green....and $900 is a LOT of green!

LanceNewmanOCC

@Zoins said:
I've seen other crescent Morgan common date PCGS MS62s sell for over $1500, so it could be worth it on the >realized price

.
that was my first thought. i'm not saying i'd pay it but $900 seems low for that cool crescent. those are highly sought-after colors on morgans.

the reverse may hold it back but i'd not be surprised to see that in a 65 holder.

yspsales

Hopefully it comes to our host and we have a stunning true view in our future.

After pondering awhile... $900 for this piece of art is probably a steal.

ricko

Unbelievable... to me anyway. I have never, and likely never will, understand paying these premiums for environmental damage... no matter how 'pretty' it looks.... Cheers, RickO

291fifth

I dislike crescent toning. It is a coin I would not even be interested in owning.