Morgan Toners Very Ubiquitous...Why So Much Mula?

ChuckC

Maybe I'm missing the other side of the coin here (no pun intended), but it seems there are hundreds of auctions for toned morgans...more than regular frosty gems. It seems the toning craze has caught up with itself. Am I off here or are toned Mograns gonna drop in price some day? Are they dropping already?

ChuckC

I see no one would touch this one with a 10 foot pole! scared are ya?

skier07

The market is immature with no clear parameters for valuations. Also it is extremely subjective.
What is beautiful to me might be a dog to you. Me personally, I have serious reservations about
paying two to three times the greysheet bid prices for a colorful coin which today is considered NT
and tomorrow might be AT or graded a completely different way. If I locate a neat looking coin which
I like and it's priced reasonably I might buy it. Also buying a toned coin via the internet is a complete
craps shoot. The coin always looks different in person. No return policy and I will not bid on the coin.

Bruce

kieferscoins

<< <i>Maybe I'm missing the other side of the coin here (no pun intended), >>



I think you are.

There are hundreds of toners for sale. But thats a small number compared to the hundreds of thousands of white morgans also for sale. I don't see it as a craze and prices aren't dropping.

Cameron Kiefer

BigE

As prices go up on these so will the qualty of AT jobs. Why counterfeit the coin when all you have to do is fake the color?-----------------------BigE

gemtone65

ChuckC: go back and count how many "gems" there are that are certified by PCGS and NGC, and grade MS65 or better. Then eliminate those whose toning is ordinary or monochromatic. Do you still find hundreds? Tens? One?

kryptonitecomics

As someone who has recently jumped on the toned Morgan bandwagon so to speak here is my reasoning behind it:

I have always find colofully toned coins attractive and desirable, but I stuck with white coins due to the cost. When I decided to put together a date set of Morgans I wanted to purchase coins that would stand out in a crowd so to speak since I wasn't going to purchasing key dates and high grades initially. After searching the internet and doing some comparison shopping I found that I was able to pick up some very pretty coins for just slightly more than what the blast white specimens would have set me back.

So I have stuck with the MS63 and MS64 grades and I haven't had to pay double for any of them. Now when I look at my partial set, I don't see common generic coins that all look the same, but rather coins with character and color that I am proud to own and show off.

pharmer

Well put, Kryptonite, a succinct explanation and good plan. I sold off my first complete Peace set because once done (lower ms grades except rare ones) because it didn't do anything for me. Just one pretty Morgan is nice to look at again and again. The point about the dearth of gem plus nicely toned Morgans is good also, I'm going to be looking more for those and noting the prices.

morgannut2

One thing I think you'd agree with is that as time goes by a higher and higher percentage of coins are dipped or otherwise conserved. A high grade coin is rare, one with original surfaces even rarer, and becoming rarer every year. When you find a PCGS graded GEM Morgan with beautiful natural toning (by definition original), then that coin is not only rare, its quite unique and brings a premium. Frankly, if you're looking at Ebay, although there are reputable dealers, a lot of stuff is modern artifically toned garbage which you won't see in PCGS holders offered by a Major auction house or top dealer's inventory.

BAJJERFAN

Well the real nice toners command a premium. The bummer is that there are many of the nicer ones in lower grades 62/63 so its hard to justify $1000 for a 1883-o in ms62. There are many good dates that are not commonly available toned so those that are would command a premium. Lastly many of the available toners are downright ugly but are slowly being put out of their misery by the dippers.