QUERY: Value of Rainbow Morgans and their prices.
jamesfsm
Posts: 652 ✭✭
I remember not too long ago when dealers sold rainbow toned Morgan $1's for little or no premium. These coins are not really all that scarce, and there is very little consistency in the pricing between pieces. One coin is $200.00 and another is $1,400.00. Will serious collectors keep paying top dollar if they know that the value of their coins is somehow left to chance?
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Comments
Relatively speaking, rainbow toned Morgans aren't all that scarce as you suggest. However, there's a whale of a difference between a $200.00 coin and a $1,400.00 coin and experienced collectors know the difference.
When evaluating toned coins for purchase, I first classify the quality of the color. I use a scale similar to what's used in school. "A" is the best, "D" is the worst. An "F" coin would be one with no discernable color.
I then grade the coin for marks. Other factors such as vibrancy of the colors (PL fields help) and luster are also taken into account.
A "C" grade color on an otherwise clean coin will bring something of a premium, but not much. Alternately, an "A" grade color on an MS63 quality coin may bring as much, or more, than the previously mentioned piece.
Combine A+ vibrant colors with loads of luster and very clean surfaces, and you've created a MONSTER!!!!
See, it's easy.
GSAGUY
Greg