Did someone overpay for this morgan toner?

goldrealmoney79

Seeing a lil green rim toning on the observe, but wondering how this thing got bid up so much...
https://www.ebay.com/itm/304364749822?hash=item46dd8d83fe%3Ag%3Ay8oAAOSwPb1iEZac&LH_Auction=1&nma=true&si=rSPIDhaY%252FrUtdNFRn3CvhYn7rK0%253D&orig_cvip=true&nordt=true&rt=nc&_trksid=p2047675.l2557

Thoughts?

TomB

Unless this is a valuable VAM that I am not aware of, I would not have paid that much for that coin.

lkenefic

I'm seeing a raw album toned AU55... maybe a $50-60 coin? Like TomB said, unless it's a VAM...

MasonG

There were three bidders in at $200+. Do you (in general- not directed at anybody in particular) think they all were wrong?

Steven59

Toned Morgans always do pretty good on eBay.

airplanenut

I’m not convinced it’s uncirculated, but even if it is, it’s in the low 60s and while some of the color is flashy, I think other areas will end up being rather dark in hand. If it’s a base 78-S I think it went well over what it should.

jesbroken

Here's for all to see.
Jim

CoinHoarder

Why isn't it certified if it's such a great coin? Personally, I would never pay that much for a coin that was not certified. Even if it was certified though, I would never pay that much for this particular coin.

Meltdown

That's a $50 mMorgan in my opinion... even so, I may or may not buy it local if I saw it in person...

nk1nk

@CoinHoarder said:
Why isn't it certified if it's such a great coin? Personally, I would never pay that much for a coin that was not certified. Even if it was certified though, I would never pay that much for this particular coin.

If you read the description the seller says it has slight hairlines and thus thinks it would not straight grade, the seller listed it as a details coin which In my opinion I think was pretty stand up of him/her. I don’t think it’s worth the price realized but I’m happy for the seller honestly.

nwcoast

That’s not the type of toning one would see coming from the traditional canvas bag storage and which is evident on most toned Morgans. I’m not suggesting that it’s AT, just that it might be heavy album or envelope toning perhaps.
It’s not a coin I would pay over price guide for. But, to each their own. Some folks like warm toned coins.
It looks Unc to me, likely low 60’s, maybe 64 even.
I see LOTS of raw toned Morgans going for strong money recently, but most of those have much more obvious canvas bag chromatic progressions than this.
I have several lower grade- 62-63 raw toners in my own collection and was evaluating whether it would be worth my while to get them graded before selling. My recent research has led me to believe that selling some raw is likely the way to go.

vulcanize

Probably a new collector who thought they were getting a good bargain
I am not into toned coins but am guilty of buying a few because they looked okay to me, especially from the price perspective.

Here's an 1899 O for 30$

Barberian

Someone wanted that coin for more than they wanted to have $229.50. I hope they're happy with it. I know I usually am when I reach for a coin.

joebb21

My guess is they were thinking ms65

coinbuf

I would not pay that much for it, so from my perspective the buyer overpaid, he/she may not think so.

airplanenut

@vulcanize said:
Probably a new collector who thought they were getting a good bargain
I am not into toned coins but am guilty of buying a few because they looked okay to me, especially from the price perspective.

Here's an 1899 O for 30$

The price may be fine, but that coin is definitely AT

DelawareDoons

There is only one line on that whole listing page that matters.

Returns: 14 days returns | Buyer pays for return shipping | See details

Buyer will get it, return it. Paid $4 to see it in hand. No biggie.

cameonut2011

The color is nothing special. I wouldn’t pay a premium for color like that.

vplite99

Hard pass. Details.

vulcanize

@airplanenut said:
The price may be fine, but that coin is definitely AT

Oh! Yeah, totally.
Someone probably took a blow torch to it after putting it amidst some mashed up boiled eggs.
But for 30 bucks, it is a fun to have around piece.

nk1nk

@DelawareDoons said:
There is only one line on that whole listing page that matters.

Returns: 14 days returns | Buyer pays for return shipping | See details

Buyer will get it, return it. Paid $4 to see it in hand. No biggie.

I don’t see this coin getting returned. You think someone paid that much even when the listing CLEARLY says it’s a details coin just to double check that it doesn’t have hairlines and to see the color In hand? I think whoever bought it loved the look and wanted it or they aren’t aware of what details grading means and what hairlines are which would also mean they aren’t sending it back. 🤷🏽‍♂️

cameonut2011

@nk1nk said:

@DelawareDoons said:
There is only one line on that whole listing page that matters.

Returns: 14 days returns | Buyer pays for return shipping | See details

Buyer will get it, return it. Paid $4 to see it in hand. No biggie.

I don’t see this coin getting returned. You think someone paid that much even when the listing CLEARLY says it’s a details coin just to double check that it doesn’t have hairlines and to see the color In hand? I think whoever bought it loved the look and wanted it or they aren’t aware of what details grading means and what hairlines are which would also mean they aren’t sending it back. 🤷🏽‍♂️

You give buyers far too much credit when you assume they will read the listing. The world is full of morons.