Was this monster worth the premium it went for?
goldrealmoney79
Posts: 417 ✭✭✭
Seller seems to have made a tidy profit, and I do have to admit I love the toning on this coin but the fact it is on the reverse, makes me feel the price was too high?
However was curious to learn from more experienced tone collectors on their thoughts.
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Was it worth it? Somebody thought so.
To someone, yes.
Coin Photographer.
Considering a "normal" '83-O in MS65 is a $250 coin, yes... I'd say someone over paid. But, to each their own... I suppose i overpay for beaten up copper coins...
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Not too much higher than what it sold for last October.
https://www.pcgs.com/cert/43061576
Generally toning on the reverse does not garner the respect that the same coloring on the obverse does. That said, you can admire that coin's reverse for hours. I'm sure the buyer won't miss the $8,000 paid. You or I on the other hand might.
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well said.
i was thinking that based on the image above i can guess which site it was listed on and on that site, if that toning was on the obverse, it could go for 2x that pretty easily from what i've seen in the past and considering the peak values seem to be at now, a 3x that wouldn't surprise me (for the obverse. both sides like that. to the moon baby!
To me? No. But the winning bidder thought it was.
Collector
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No. Just another common Morgan with questionable toning.
And i case you missed it, now it's being offered for almost double here:
https://ebay.com/itm/185388856362?_trkparms=amclksrc%3DITM%26aid%3D1110006%26algo%3DHOMESPLICE.SIM%26ao%3D1%26asc%3D20200818142401%26meid%3Df976b6e4b083420a94ee9b7323d7e52b%26pid%3D101124%26rk%3D2%26rkt%3D12%26sd%3D313865039771%26itm%3D185388856362%26pmt%3D0%26noa%3D1%26pg%3D2563228%26algv%3DDefaultOrganicWeb&_trksid=p2563228.c101124.m2109
Well OK then.
10-4,
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The Picture below describes both the appearance and the price!
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After eBay fees they made $7046.60, not to mention PayPal fees and shipping...they took a little tax write-off.
I've bought coins and offered them for sale at twice (or more) what I paid. Is there a certain percentage that's okay, and anything over that is not acceptable?
I saw this coin at Stacks in a double NGC holder....I should have bid back then as it went for quite a bit less.
https://auctions.stacksbowers.com/lots/view/3-S59YF/two-piece-toned-set-of-1883-o-morgan-silver-dollars-ms-64-ngc
As reverse toners go, that one certainly has exceptional color, vibrancy and eye appeal by anyone's standards. As far as the price paid, we're in a very robust coin market at the moment and world class 'A' toned dollars can bring very strong prices.
Your hobby is supposed to be your therapy, not the reason you need it.
Appears to be two accounts from the same seller.
I’ve seen this coin listed 5-10 times a day for the last few weeks at a multitude of different prices.
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Well, the seller does give it a name to go with the $15k price: "FREAK OF NATURE!"
I would not buy it even at $200... If I wanted tarnished coins, I would do it myself and save the money. Cheers, RickO
The first thing I thought of was the ebay seller years ago who sold "cooked" Peace dollars.
USAF (Ret) 1974 - 1994 - The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. Remembering RickO, a brother in arms.
Wow, also thought only obverse toners went for moon money. But I think it is NT. Maybe I should think of selling mine. If I got 15% of that I would be happy.
I love $15,000 coins with no returns.
Sheesh.
Wicked. That is a true MONSTER. WOW!
I wouldn't pay 1/2 that, but clearly somebody felt differently. Amazing piece.
Dave
Curiously, why do you start these threads, of which there have been quite a few ? You rarely, if ever comment, yourself. Are you really seeking opinions or are you making statements, simply by asking?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
That just seems to be his style and I don’t think you will get the answer you want. People reply to the threads and there are discussions, so there is some incentive to keep posting them.
In reply op: Not at all in my view. But this is the Wild West of auctions and bidders with lots to spend.
However to the winner it always is. And the seller won’t argue either. Auc house wins big.
I would think a toner dealer / specialist would study / make a note, reference of it.
Thanks for sharing.
Reverse toner with mediocre color (for a “monster” at least)… It is way over priced. Even I would be embarrassed to price it that high and that says a lot! 🤣
Too bad the obverse isn't toned as well. As a well known Modern Coin Dealer once told me,,,,
"Backs Don't Count Much"
The reaction from the watchers the very moment when the auction ended..........
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Everything is worth what people are willing to pay for it
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I think there can be a big difference between “worth what people are willing to pay” and “worth”. The latter might be difficult to pinpoint, but it can be a lot more or less than the former.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
But value is entirely subjective and is defined by what people are willing to spend. Value is an abstract concept and nothing has inherent value. That means that value may vary from person to person and from one minute to the next. An ounce of gold is only “worth” $1975 because a lot of people have agreed that they are not willing to pay more $1975 for it right now, and if one were to value it higher or lower, they would not be wrong, though it might not be the wisest choice to do so.
If I would never think of spending $8000 on this coin, but at least one other person in the world would, on some level the coin is currently worth $8000 and on some level it is not. If I personally would be willing to spend $15000 on it, even if no one else in the world would do so, the coin is still on some level worth $15000. That’s why it’s silly to have these discussions. If someone paid a particular amount for an item, it is, at that exact moment of time and to that specific person, worth that much. It may be an amount that the buyer will be unable to recover when selling the item, but that just means that no one else’s subjective valuation will be as high as his at the time he attempts to resell (although, if this is a legitimate auction result, at least on other person was willing to pay nearly the amount he did).
If the OP is asking whether this is a good buy or a bad buy in terms of potential future profit from the purchase, that is a legitimate question (though answering it would be difficult without knowing the subjective value of that coin to every other person in the world), but “Is this coin worth the price it realized?” is an inherently contradictory question if the auction result is legitimate.
Gobrecht's Engraved Mature Head Large Cent Model
https://www.instagram.com/rexrarities/?hl=en
If you dissect the link you will find the answer to your question.
Collector, occasional seller