It probably was nicely toned at one time, but now it is beyond that and just plain black - a color most toning guys don't like. Is that the original holder it was in?
The original holder should add some value to the coin, but the coin is shot. You can't remove toning once it's black like that. In my opinion, someone way overpaid for that.
It depends how the luster is. I have a brownish black morgan that has lots of luster underneath and the toning almost looks like looking through smoked glass. If it is a dull black, I don;t care for it... I guess I am a luster type of guy.
Yes this one has toned beyond the attractive limit. It has had too much time in the leather pouch.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
Reminds me of one that my brother bought in the early 80's for $60. One of the few times he got the better of a local dealer on raw coins. He showed it to me raw around 1990-1991 and I told him it was AU58 to MS63. It had good luster under deep jet blue toning but had the high point rub showing as an off white. Didn't like it. I sent it to NGC for him and they graded it 65. At that time they were still worth $2800 sight-unseen as a promotion of these was still going strong. Because the "sheet" said they were worth $3500 I balked and told my brother to wait for a better offer at $3000.
Those Columbians continued to drop like a stone once the promotion ended and within a year he bailed out at $1200. So much for my wisdom and market timing. NGC would never grade that coin any higher than a 64 today. And maybe only a 63.
Wow, they have come down. Last year I cherrypicked a scratched up old holder NGC MS64 and got it upgraded to PCGS MS66 and only got $1200 for it! It was a sweet looking coin!
Comments
Cameron Kiefer
Frank
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
In my opinion, someone way overpaid for that.
Ray
One of the few times he got the better of a local dealer on raw coins.
He showed it to me raw around 1990-1991 and I told him it was AU58 to MS63. It had good luster under deep jet blue toning but had the high point rub showing as an off white. Didn't like it. I sent it to NGC for him and they graded it 65. At that time they were still worth $2800 sight-unseen as a promotion of these was still going strong. Because the "sheet" said they were worth $3500 I balked and told my brother to wait for a better offer at $3000.
Those Columbians continued to drop like a stone once the promotion ended and within a year he bailed out at $1200. So much for my wisdom and market timing. NGC would never grade that coin any higher than a 64 today. And maybe only a 63.
roadrunner
roadrunner
also i think most of the value is in the case the leather pouch, the coin might not be original to the pouch
i see you also have a full money back guarantee if you do not like the item
might you return it?
sincerely michael