Interesting thread. Interesting discussion of two perspectives on collecting and pricing toned dollars--those collectors who demand that a coin meet technical grading standards and those who are more wiliing to forgive surface marks maksed by the toning.
I tend to gripe about market grading when the services give a coin a grade point boost for primo toning The seller then prices the coin as if it met the grade on technical merit and then adds a premium for the toning. So the unwary buyer or a buyer who cares about the technical grade faces a double charge for the toning.
It seems that the market for wild toned Morgans may actually balance out that problem to some extent when the price spread between the applicable grade levels is significantly less than the premium for the toning. So in the examples discussed, a price spread of one or two hundred dollars between grades may not make much of a difference when the market commands a $2,000 premium for the color.
But it still is an issue in the Morgan series for the coins that merit a smaller premium for their toning. So in the example of a coin that has $200 toning rather than $2,000 toning, the technical grade is more significant. Ditto if the price spread from 64 to 65 is 5x or 10x.
great job guys, with all the attention here its value has apparently gone up and the darn thing is sold. Now probably no one will know what the post NCS obverse looks like in comparison
This thread needs my new song !!! Someone should post it here !
Les
The President claims he didn't lie about taxes for those earning less then $250,000 a year with public mandated health insurance yet his own justice department has said they will use the right of the government to tax when the states appeals go to court.
Comments
I tend to gripe about market grading when the services give a coin a grade point boost for primo toning The seller then prices the coin as if it met the grade on technical merit and then adds a premium for the toning. So the unwary buyer or a buyer who cares about the technical grade faces a double charge for the toning.
It seems that the market for wild toned Morgans may actually balance out that problem to some extent when the price spread between the applicable grade levels is significantly less than the premium for the toning. So in the examples discussed, a price spread of one or two hundred dollars between grades may not make much of a difference when the market commands a $2,000 premium for the color.
But it still is an issue in the Morgan series for the coins that merit a smaller premium for their toning. So in the example of a coin that has $200 toning rather than $2,000 toning, the technical grade is more significant. Ditto if the price spread from 64 to 65 is 5x or 10x.
CG
"Senorita HepKitty"
"I want a real cool Kitty from Hepcat City, to stay in step with me" - Bill Carter
Les