Being Just Like Russ - I got Toned Morgan's Too
FC57Coins
Posts: 9,140 ✭
Following in Russ' footsteps and not even knowing it, I too went to a local coin show this weekend with money burning a hole in my pocket and I couldn't walk out with NOTHING to show for my efforts, so I bought the two coins shown below - whatcha think? Anyway, it was a very good learning experience - here are some of the things I learned:
1. Toned Morgans - the really nice ones, are outrageously priced! One dealer apparently specializing in these bad boys had a whole case of them, including a gorgeous, two sided rainbow coin. It was an 1880S in a Segs holder at MS63, he was asking over $500. Most nicely toned ones, in common dates, were in the $300 to $500 range. He admitted that I would be paying strictly for the color, I passed.
2. You guys remember that really radiant red and blue SAE that someone was selling on ebay a while back and we were wondering about? Well - I saw 3 of them, and the dealer admitted that they had been sitting on a window sill for a long time. He was selling an MS69 for $200 (SEGS) and 2 MS68's (PCI) for $125 - go figure.
3. A lot of dealers had PCI, Segs, and a smattering of ACG coins. Most of them weren't backing down from the grades, I guess you have to get to know dealers pretty well before they back down on a grade from one of these companies.
4. Most of the action was dealer to dealer - I think for some of the above cited reasons. I guess the moral of the story is you go to these kinds of shows to learn as much as you can, observe, and look at different coins.
In all I felt that it was an educational day - my wife thought I wasted an entire afternoon... Little does she know that I also bought 20 or so Kennedies from a cut up mint set bin, so I'll be looking at those tomorrow!!!!
Frank
1. Toned Morgans - the really nice ones, are outrageously priced! One dealer apparently specializing in these bad boys had a whole case of them, including a gorgeous, two sided rainbow coin. It was an 1880S in a Segs holder at MS63, he was asking over $500. Most nicely toned ones, in common dates, were in the $300 to $500 range. He admitted that I would be paying strictly for the color, I passed.
2. You guys remember that really radiant red and blue SAE that someone was selling on ebay a while back and we were wondering about? Well - I saw 3 of them, and the dealer admitted that they had been sitting on a window sill for a long time. He was selling an MS69 for $200 (SEGS) and 2 MS68's (PCI) for $125 - go figure.
3. A lot of dealers had PCI, Segs, and a smattering of ACG coins. Most of them weren't backing down from the grades, I guess you have to get to know dealers pretty well before they back down on a grade from one of these companies.
4. Most of the action was dealer to dealer - I think for some of the above cited reasons. I guess the moral of the story is you go to these kinds of shows to learn as much as you can, observe, and look at different coins.
In all I felt that it was an educational day - my wife thought I wasted an entire afternoon... Little does she know that I also bought 20 or so Kennedies from a cut up mint set bin, so I'll be looking at those tomorrow!!!!
Frank
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The coins are nice - but what I learned while there I think was more valuable. I've learned that I need to be more patient with coins and not jump at the first thing I see because I think it's NEAT. Check out the coin below which, as it turns out, I paid too much for, but just seemed like a good deal at the time.
Frank
DAN
My first tassa slap 3/3/04
My shiny cents