This might be a new record for an MS 62 Common Date Morgan reverse toner

U1chicago

I've liked the look of this Morgan since I first saw it at GC. Back in 2019, I thought over $500 was a lot for a reverse toned common date. So far it has not come down across 4 auction appearances. Each time I see it sell, it goes for more! Tonight it might have set the record price for a common date in MS 62. I have seen a few obverse toners in 62 bring more but not a reverse toner for almost $1,600!

MidLifeCrisis

That's not a coin for me, but if the new owner is happy with it, then I'm happy for the new owner.

Heubschgold

Alcohol and online shopping can be a liability! Haha

1madman

First thing that comes to mind is why is this coin being sold every couple years? Can’t really be weak hands because we’re only talking about ~$1,000 coin. Some sort of red flag going on here. Perhaps the coin doesn’t really pop in hand compared to the colors in the pictures, or is the consigner buying back the coin each time trying for more money? Might be one I’d steer clear from unless seen in hand.

Mr Lindy

Over many years I have seen the appearance of consignor of unique error coins buying errors back.
It's like there are two bidders and one is the owner pushing up one interested buyer higher.
Coin leaves dealer online inventory, runs through Heritage, seems to get sold, then returns into same dealer inventory. 9 months round trip.

Alot of errors tend to be unique as slab numbers are too.

I've been specializing in errors since 1979, took me about fifteen years to notice this routine once internet made it easy to recognize. Had an account on ebay since 1993, that access expanded my hobby specific observations.

@1madman said:
First thing that comes to mind is why is this coin being sold every couple years? Can’t really be weak hands because we’re only talking about ~$1,000 coin. Some sort of red flag going on here. Perhaps the coin doesn’t really pop in hand compared to the colors in the pictures, or is the consigner buying back the coin each time trying for more money? Might be one I’d steer clear from unless seen in hand.

lkenefic

This thread reminds me of something my girlfriend said when we were looking at houses late last year... we looked at houses where the owners had made some "less than cogent decisions" about design aspects, or what passes as a clean house for showing, or what to do with animals and a swimming pool (pea green water... I kid you not!)... we later found out that some of those houses had actually sold...

her response...

"there's a lid for every pot..."

U1chicago

@1madman said:
First thing that comes to mind is why is this coin being sold every couple years? Can’t really be weak hands because we’re only talking about ~$1,000 coin. Some sort of red flag going on here. Perhaps the coin doesn’t really pop in hand compared to the colors in the pictures, or is the consigner buying back the coin each time trying for more money? Might be one I’d steer clear from unless seen in hand.

Each sale is 2-3 years apart and increasing. It does not look like a clear case of a consigner buying back their own coin. I would be more likely to think it’s auction fever hitting a few motivated buyers who don’t want to lose.