Whats up with the price of toners
fountainheadgold
Posts: 2,467 ✭
Is it me or has anyone else seen the most recent increase in prices of nice morgan toners. In the last month it seems to be a pretty large increase. Your comments are most welcom and appreciated.
When are they going to give us spell check on here
When are they going to give us spell check on here
Michael
0
Comments
But make no mistake, the real monster toners will rise again with time as buyers/sellers become more educated about how rare true rainbow toning is. There's more hesitancy now on the rainbows because there are so many fakes on the market. Education will work this out over time.
Bottom line is that the real rainbows are just so damn pretty! I don't care if you have five MS68 Morgans in a row. A monster rainbow MS62 is still going to be the coin your eye keeps going back to!..and even with its amazing color, it still probably only cost 1/3 of that common date 68.
Some people are stuck on buying coins at certain price levels because the "sheets" have them priced at those levels. Each toned coin is unique and it is hard to put a price on uniqueness (spelling?). How much would a unique coin from another series cost that was not toned? You can always say that there are lots of toned coins around which is true but when you run across a NICE toned coin then how many of those that look just like that one are around?
I collect colorful art so I appreciate toned coins also.
<< <i>I believe the prices should be MUCH higher than they are now. >>
Spoken like a true salesman....
<< <i>Some people are stuck on buying coins at certain price levels because the "sheets" have them priced at those levels. >>
While this may be true for some, I would venture that for most it's not the "sheets" but their budget.
Ken
while i understand the point you're trying to make, the comparison is a bit ridiculous, i think. all these unique toned coins that everyone goes nuts over are only the cat's meow until the next nice one shows up. that's the trap. if i look at a showcase full of toned Morgans, i don't see a bunch of unique coins, i see a bunch of coins which require me to place some order of magnitude as to just which i prefer the most. consider each time you look at a new batch, they just get mentally compared against all that have been seen before. each might have merit of it's own, but it's uniqueness can easily be lost when the next nicer one happens along. think about the first toned Morgan you saw and how it was the absolute most killer-monster-rainbow-beauty that there is.
as this flood of toned Morgans continues, it's logical that two things will happen------the market will become saturated and the coins will start to recycle. it may already be happening if prices are slipping as some suggest. i suspect that with the volume of coins, there are more toned coins than collectors willing to keep the bubble afloat. that's the risk i perceive for dealers with vast inventories of these. there seem to be way more average coins than true gems and some are bound to get caught holding the bag.
speaking of uniqueness, absent a holder, i wonder how indistinguishable some of these coins would be. it's easy to seperate two similar same date/MM coins because they're in different company holders or are a different grade. would that be as easy to do if they were all raw? with the truly unique coin, it becomes a moot point. in the end it all becomes just hype to me which is a bit of a paradox. why is any hype needed to sell a coin that is supposed to be so gorgeous that it commands a hefty premium over an untoned counterpart? can't the beauty speak for itself? if auctions, dealers, web-sites, written descriptions and shows are to be taken into account, i guess it isn't. but that seems to be the case for most every coin. i like clear, concise descriptions, not adjective laced hyperbole.
al h.
You make some good points, and I agree that many toners are being "recycled" currently. But my opnion is that in most cases, only the more "average" toners are recycling (toners in the $250 range that are in reach to the most collectors' wallets)--consequently, there will be another spike in prices for the overall toner market as the truly monster rainbows become even more scarce. It's simple math: the average is being inflated by a fewer number of sky high scores.
People are holding onto their monsters. They're putting them away in their collections and waiting to see what happens to the market. That's why it's softer now for more "average" toners, because owners of such coins are caught in the middle of the toned market--unsure if $250 really IS a good price to spend on such a coin. The real problem for the buyer comes when the seller overestimates what his coin's color is really worth....often putting pretty high prices on pretty drab toners. Brown is NOT a rainbow!
As for me, I find that I do rank toners in my head like everyone else probably does. But I generally still see amazing value-to-rarity in even the average toner (and in my ranking system, even an average toner will have a lot of eye appeal when compared to its white sibling).
peacockcoins
I understand your point of view but I can say that I have a different view on toners compared to what you do. I value color in a different way than you do. I am sure you value the series you collect (Jeffersons I believe) more than I do.
good to see other points of view on the same subject.
<< <i>People are holding onto their monsters. >>
People have always held on to their monsters. If you look back over the year, there were really not that many true monster coins put up in auctions. Even the Goldberg sales which seem to carry the majority of nice toned Morgans at auction had few true monster coins. Ask people like Gsaguy, Toningintheblood, gemtone65, Monsterman, and a few others on this board who collect great Morgans, how many they have put up for sale.
<< <i>Many of the best pieces trading hands never appear for public sale but are sold to waiting buyers >>
Over the years I have found this to be true. Even the few dealers that handle this type of material will hold it back from the buying public. They know who the big toned collectors are, and will give them first shot.