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Holy Mother!! $611 and counting for a raw 81-S!! Wow!! Closed at $1,475!! Coin #2 sold for $610!!

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  • $1,475 for a raw coin on eBay. Amazing. I won't even spend more than $50 for a raw coin on eBay.
    Bill


  • << <i>Ron, you have been totally bamboozled if you think that coin is NT. It is 100% AT, and now that I understand where you are coming from, it's no surprise to me. >>



    Eric, I don't think so. I've seen coins with this look that have been slabbed by both PCGS and NGC. It is my opinion that this coin will slab when submitted to either PCGS or NGC -

    I have no doubt that you have many years of looking at coins, and that you can identify SOME AT'd coins, but I think with regard to this coin you are incorrect. You seemed to have limited your ability to determine NT/AT to a somewhat narrow segment of the toning process, and while you may have acheived a level of expertise with crescent toned coins, there are many different variations of the toning process, and you need just look at the many toned GSA coins that are still in the government GSA slabs to determine that. I've seen many in those govt slabs that DON'T have the characteristics that you claim determine AT/NT - Per you analysis, there are hundreds of AT's coins sitting in GSA slabs - who AT's those? Do you honestly believe that the General Services Admisnistration hired some to AT those coins so they could sell them for $15 which as I recall was LESS than they sold the non-toned coins for! You need to rethink your analysis of the toning process
    Collecting eye-appealing Proof and MS Indian Head Cents, 1858 Flying Eagle and IHC patterns and beautiful toned coins.

    “It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” Mark Twain
    Newmismatist
  • darktonedarktone Posts: 8,437 ✭✭✭
    I think you all miss the point about AT/NT and the TPG's. It's not whether the coin is AT/NT or not- it's whether it's accepted in the market place. Use your own judgement and buy what you like and pay accordingly- heck if the TPG's did not holder any AT'ed,cleaned,curated,oiled,dipped and so on we would have very few slabbed coins. Everyone involved in this thread will not change there mind so why go any further with it? mike
  • bestclser1bestclser1 Posts: 5,566 ✭✭✭
    Well,what the heck,i have to throw in my two cents.I absolutely believe the coin in question is NT,but i have no clue whether it would grade ms62,or ms65,or probably in between.The color is cool,but it would have to be in a 65 holder or higher for me to pay that type of money.This is just an opinion,and everybody has one.Lloydimage
    Great coins are not cheap,and cheap coins are not great!
  • orevilleoreville Posts: 11,953 ✭✭✭✭✭
    K6AZ:

    You stated:

    <<<<<<<Real easy Bryan, there isn't a bit of gold/orange/brown that would be on a coin that was NT. This is a well done AT coin, but they forgot to add the gold/orange/brown that is present on any NT coin. Of course, if you had any real experience with toned Morgans you would know that, but as we all know you started out by selling obviously AT'ed ACG garbage. >>>>>>>

    K6AZ: Since when is a NT coin supposed to have shades of gold/orange/brown? Yes, indeed it IS the GENERAL RULE, but NOT ALWAYS!!!

    I have silver dimes and quarters that have toned while I HAD THEM IN MY COLLECTION SINCE 1963 AND THEY DID NOT ALL TONE WITH YOUR REQUIRED COLORS! Some stayed white, some toned gold, oranges and browns, some blues and greens without the golds, etc.

    I even have solid pink/rose colored patterns toned du to the old NGC slabs they rest within and something about the old NGC slabs make old silver coins turn PINK!!!!!!!!!!!

    Please re-examine your position on this one.


    A Collectors Universe poster since 1997!
  • BladeBlade Posts: 1,744
    I've got to agree with the majority on this one. I've seen plenty of monster toned Morgans that look similar to this. And that would be one heck of an AT job to get textile toning and the white untoned areas around the devices where the sulfur atoms drifted over top of the start for decades. I would be proud to have that coin in my collection.

    And even if you had another point of view, I really don't understand why you are getting so aggressive and personal. Just move on.
    Tom

    NOTE: No trees were killed in the sending of this message. However, a large number of electrons were terribly inconvenienced.

    Type collector since 1981
    Current focus 1855 date type set
  • I can't make the call on that one without in hand inspection. I would really like to know what HRH thinks of the coin, not just PCGS.
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    The adage "A fool and his money are soon parted fits real well here". Further, if you don't "know" how to grade coins, or tell the difference between AT and NT coins, then buying raw coins like this on ebay is like jumping into a pit of snakes and hoping you don't get bit.

    Further still, you cannot grade a raw ( or slabbed) coin based on a scan with any degree of accuracy. I really like the part where it says "found in an original bag".

    Betcha most people here couldn't tell an original mint sewn bag from a laundry bag.

    Sometimes I have to just laugh at it all.

    But then what do I know.


    Tom

  • mr1931Smr1931S Posts: 6,242 ✭✭✭✭✭
    K6AZ: Since when is a NT coin supposed to have shades of gold/orange/brown? Yes, indeed it IS the GENERAL RULE, but NOT ALWAYS!!!


    For what its worth, a mint state 1880 S that I bought from a little old lady (really) who kept the coin in a regular envelope for quite a few years is toned deep gold/orange/brown both sides completely. The underlying mint luster manages to get through despite the deep toning colors.

    Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein

  • That coin is IMHO 100% NT, and you guys are lucky I didn't see that auction or the bid price would have increased! :-)
    Buy/Sell/Trade Rainbow Morgans
  • lavalava Posts: 3,286 ✭✭✭
    You toner fans are welcome to bid on the Monster I have for sale.

    Monster toned Morgans on ebay
    I brake for ear bars.
  • dragondragon Posts: 4,548 ✭✭
    These AT/NT bickering back and forth threads crack me up image

    And this coin isn't even that tough of a call, I made a call on that coin in 1.7662 seconds.

    dragon
  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
    "Found in a 1000 dollar bag." That should be clue enough. Is a single Morgan in the middle of a bag of other Morgans going to come out like that coin? Well, I guess it is possible depending where it is in the bag but then wouldn't one expect other coins in the same bag in close proximity to also come out the same? The odds are that this coin is AT, but hey if you like the way it looks, toning is like art - buy it if you like it. That said, I personally have a problem with those otherwise beatifully toned Morgans that have flecks of color that have rubbed off. Splotchy toning is worse than no toning at all.


  • << <i>A single Morgan in the middle of a bag of other Morgans is not going to come out like that coin. >>



    I don't think the seller indicated it was in the middle of the bag - in fact my "guess" is that it lay face down against the canvas side or bottom of the bag for maybe 50+ years in a Federal Reserve vault or maybe one of the Continental bank hoard coins - the little dots on the coin came from being pressed against the canvas bag with a whole lot of other coins and a few more bags on top of the bag it was in - which BTW is exactly how the mint stored millions of silver dollars until the mid 1960's and which also is the same reson why some of the GSA sealed dollars have that nasty tarnish on them (& the reason why the government sold them for less money when the had the great GSA sale in 1972-73). But then you knew all that anyway, didn't you? image

    >>

    The odds are that this coin is AT >>

    Well, I'm not sure I agree with your "opinion" on that point - but I'll buy every AT coin that looks like that - & I'll pay you more than "ask" image - the only problem is I might have to stand in line image
    Collecting eye-appealing Proof and MS Indian Head Cents, 1858 Flying Eagle and IHC patterns and beautiful toned coins.

    “It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” Mark Twain
    Newmismatist
  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
    A valid point. I had actually edited my post before seeing your response.
  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
    I know this subject has been broached before - but I don't believe that PCGS or NGC are attesting to anything more than the authenticity of the coin and its assigned grade when they holder a coin that is toned. While they will obviously body bag a coin that is blatantly altered (i.e. "altered surfaces", if it is even remotely possible that the toning is natural I suspect the coin will get holdered. Just curious, for those of you who are toning experts how many AT Morgans have you seen in NGC and PCGS holders? Anyone aware of NGC or PCGS guaranteeing NT?
  • TUMUSSTUMUSS Posts: 2,207
    I do not wish to be "considered" to be on anyones side here.....but IMO this coin will NOT holder with PCGS or NGC. You HAVE to ask "why it is not holdered already". Someone please prove me wrong by getting it holdered.
  • BoomBoom Posts: 10,165
    I have several "monster toned" coins. Morgans, Halves, Quarters... even dimes both certified and raw that have no "gold/orange/brown" on them at all. Some are Blue. Some are Blue and a shade of Red/ Maroon..hell. I don't even say what the proper Names of these colors are actually! Both NGC and PCGS along with raw....some so outrageous they flat out look unreal. I can't believe the amount of money "Color" commands.... No wonder people cook coins....something else I wouldn't know the first thing about
  • K6AZK6AZ Posts: 9,295
    The problem here is the seller claims it is a bag toned dollar. I've been on hand on over 20 original bags being opened, and I've never seen one come out of a bag looking like that. And with the TPG's playing the "market acceptable" game, getting it in a holder isn't going to convince me.
  • pontiacinfpontiacinf Posts: 8,915 ✭✭
    I made one exactly like it using dandruff shampoo, thats the colors you get from exposing a morgan to the sulfur in it.

    at all the way
    image

    Go BIG or GO HOME. ©Bill
  • K6AZK6AZ Posts: 9,295
    And by the way, scenarios like this are exactly why I'm getting out of Morgans completely. Sooner or later this house of cards is going to fall, and some are going to go down hard.

    I've said it before and I'll say it again, if the coin business was regulated like the stock and investment business is, there are a lot of "dealers" who would be doing hard time. Some of the blatant manipulation and outright deceitful practices going on right now are very disturbing. Even more disturbing is the growing percentage of collectors who are falling for it.
  • 1000 dollar bag! That would have to be very heavy. I have never heard of a "thousand dollar bag" of Morgan Dollars. Only 100 dollar bags. The vam book speaks of people carrying bags of Morgan dollars to their cars during the early sixties. One would have to have a forklift for one "1000 dollar bag". Maybe I am wrong about people having forklifts to carry those larger bags for them, but the hype on this coin would scare me to death. Throw me into the mix of people who would like to examine the coin in person before spending 1475 for a common date Morgan, no matter what the color is supposed to be. What if the coin has a totally different problem, say like putty, or thumbing or some other reason it wont grade out? Is it still worth 1475. Maybe to the person who bought this thing on ebay. But I bet selling it for that again would require some serious hype and puffery, if it were still raw.
    Never try to stop a pig from getting dirty. It is an impossible task and it annoys the pig!
  • K6AZK6AZ Posts: 9,295
    Oilydog, they were 1000 coin bags, and very heavy. As I recall, somewhere around 85 lbs. a bag.
  • K6AZK6AZ Posts: 9,295


    << <i>K6AZ: Since when is a NT coin supposed to have shades of gold/orange/brown? Yes, indeed it IS the GENERAL RULE, but NOT ALWAYS!!! >>



    It is when the seller claims it is bag toned.
  • mr1931Smr1931S Posts: 6,242 ✭✭✭✭✭
    "1000 dollar bag! That would have to be very heavy. I have never heard of a "thousand dollar bag" of Morgan Dollars."

    1000 to the bag is how they came out of the various mints.

    It seems to me the only ones who really know what a naturally bag toned Morgan is supposed to look like are the ones who actually opened the bags after they had been laying around for years.

    I had my known by me to be envelope toned 1880 S holdered by ICG when they started up. They call it MS62. Period. A dealer once offered me $100 for it.

    Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein

  • Here's a bit of informaion on 2 famous hoards of silver dollars - note the references to the $1000 bags of silver dollars:
    (BTW - 1000 silver dollars weighs about 59 pounds)


    << <i>The Redfield Hoard.

    One of the most famous silver coin caches in history was the “Redfield Hoard” of Morgan and Peace silver dollars. Lavere Redfield was a Los Angeles financier who left the big city in the 1930s to become a farmer in Reno, Nevada. Having lived through the Depression, and with a passionate distrust of both government and banks, Mr. Redfield decided to hold much of his capital in silver dollars. Whenever he accumulated $1000 in paper money, he would cash it in at his local bank for a $1000 mint bag of Morgan or Peace silver dollars. Hoisting his bag of silver onto his back, he’d carry it to his simple home, then toss it down the coal shoot leading into his basement! When Mr. Redfield died in 1974, over 600 bags (at 1000 coins per bag, that means 600,000 coins!) were discovered, untouched, where he had “deposited” them decades before. Several original bags of rare dates were found, as well as a vast number of exceedingly high quality specimens of common and scarce date silver dollars. It was truly a treasure trove!

    The “buzz” surrounding the discovery of this unusual hoard was very loud. It may seem strange to contemplate, but times were simpler as recently as the late 1970s. Only governments and universities had computers, and the Internet was still just a gleam in Al Gore’s eye. So the dispersal of this amazing cache of Redfield dollars into the market was done the old fashioned way: through advertising in trade publications catering to collectors, through some telemarketing, and through a little mass media advertising.

    The numismatic market at that time was largely collector-driven, and had not yet evolved into the investor-oriented market it is today. So the dispersal advertising was geared mostly towards the story behind the Redfield coins: what a neat and historical find they were, what an unusual opportunity this was, and of course, how beautiful and rare some of these coins were. Little, if anything, was said about their investment potential or future financial value because the buyers were mainly collectors who were stimulated by the diversity of the find.

    The Redfield Hoard represents a fine example of a successful hoard dispersal. The marketing of the coins was a grass roots effort, very broadly based, with almost the entire dealer community participating. The coins were dispersed over the course of three years. Prices for many issues rose significantly and values have remained high for the most part, and not only because due to the demand generated by the sensational news of the discovery.

    The Continental-Illinois National Bank Hoard.

    The grand-daddy of all coin hoards, and the leading example of a successful hoard dispersal in all senses of the term, must be the Continental-Illinois National Bank hoard of silver dollars in the early 1980s.

    Banks are required by federal law to keep a certain percentage of their “deposits” in cash at all times as one of their federal reserve requirements. For more than a century, it seems, the Continental-Illinois National Bank in Chicago kept a portion of its reserves in original mint bags of silver dollars.

    Because of the bank’s financial difficulties in the early 1980s, the Board of Directors of the bank decided to sell the bags for the significant profit that they were worth over their face value, to help soften the financial crisis that so many banks were facing at the time.

    Beginning in 1982 and lasting for several years, as many as 1,000 original bags of brilliant uncirculated Morgan silver dollars, and another 500 bags of circulated silver dollar, came out of this hoard. That means more than 1.5 million coins! The majority were common dates: 1879-S, 1880-S, 1881-S, 1882-S, 1883-O, 1884-O, 1885-O, 1886-P and 1887-P. There were a dozen or so bags each of 1883-P and 1884-P and a few more single bags of some other dates. Beyond the sheer numbers, the condition of the coins was remarkable. Many from this hoard were absolutely breathtaking gems, exhibiting incredible cartwheel luster, magnificent rainbow toning, and outstanding proof-like strikes.
    >>

    Collecting eye-appealing Proof and MS Indian Head Cents, 1858 Flying Eagle and IHC patterns and beautiful toned coins.

    “It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” Mark Twain
    Newmismatist
  • DrWhoDrWho Posts: 562 ✭✭


    << <i>..... that textiling that's on that coin cannot be duplicated.... >>



    I CAN duplicate textile toning. I, however, currently do not have the doctoring skills to make the proper patterns and colors, but textile tone....piece o' cake.
  • dragondragon Posts: 4,548 ✭✭
    <<< Oilydog, they were 1000 coin bags, and very heavy. As I recall, somewhere around 85 lbs. a bag. >>>

    Actually, uncirculated bags weighed nearly exactly 60 lbs. One way you could tell if a sealed (resealed) bag contained BU or circulated coins was to just weight the bag, the circulated bags weighed a couple pounds less.


    dragon
  • TonekillerTonekiller Posts: 1,308 ✭✭
    Spank! thats two.
  • K6AZK6AZ Posts: 9,295


    << <i>Spank! thats two. >>



    Coming from an "expert" who three years ago had to be convinced that what he was selling was blatant AT'ed garbage. And excuse me, I never saw anyone weigh the bags on a scale.
  • HadleydogHadleydog Posts: 1,586 ✭✭✭
    Fountainheadgold, that is a beautiful coin and I look forward to seeing it posted when it comes back holdered.image
  • TonekillerTonekiller Posts: 1,308 ✭✭
    Eric,

    Thats wannabe expert......jeez, get it right once.




    opp's, almost forgot to post my Eric'ism today - If thats is your opinion on the the weight of $1000 bags, then quite frankly, you don't know jack squat when it comes to AT vs. NT mint bags.




    image
  • K6AZK6AZ Posts: 9,295
    Cracked any AT'ed coins out of AT holders and sell them as NT lately? You are a prime example of what's wrong with the toned Morgan market.
  • KollectorKingKollectorKing Posts: 4,820 ✭✭✭✭✭
    Lol, let me see if a silver dollar contains app. an ounce of silver, and there are 1,000 silver dollars to a bag, and there are 16 ounces to a pound...1,000/16=X'lbs to a bag 1,000 silver dollarimage
  • K6AZK6AZ Posts: 9,295
    The specification for the Morgan dollar is 26.73 grams, so doing some math comes out to 58.92 lbs for 1000.
  • TonekillerTonekiller Posts: 1,308 ✭✭
    Ouch, that hurt. Why all the pain?.....Oh, I forgot that I disagreed with you on that 81s morgan. The shame that I disagreed with ANACS and Eric in one thread. The shame of it all that I can think for myself and make up my own mind about coins.

    Please Eric, if I beg can I follow you around coin shows to 2nd guess my coin purchases.......no that won't work as I do not buy many coins under $150.


    BTW, thanks for the acknowledgement on the impact I have on the toner market........as if! Ego Check calling Eric!
  • TUMUSSTUMUSS Posts: 2,207
    FYI TBT...Eric is not the only one that thinks your ANACS toned coin decisions were UNETHICAL!
  • stmanstman Posts: 11,352 ✭✭✭✭✭
    You guys call THIS a flame war? Come on, y'all should be able to do better than this.
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • K6AZK6AZ Posts: 9,295
    TBT, we can go round and round on this and nothing is going to change. My opinion on your practices in the toned Morgan market is at the very least highly unethical, and at worst is criminal. You have shown on many occasions that you really do not understand bag toned Morgans, and you are basically a fast buck artist coin flipper. Not much more to discuss IMO.
  • TonekillerTonekiller Posts: 1,308 ✭✭


    << <i>FYI TBT...Eric is not the only one that thinks your ANACS toned coin decisions were UNETHICAL! >>



    Tom,

    I have no problem with people opinions......as long as they are prepared to back up the statements with facts.

    If all judgments are being made from public post and assumptions put forth via the eBay mob including yours....then I am dammed if I do and Dammed if I don't.

    I would love too know if you have any of the facts on this dealer to dealer transaction? Have you talked with me or Anaconda? My opinion is that your behavior and public post if you have not talked with us is borderline UNETHICAL!
  • TonekillerTonekiller Posts: 1,308 ✭✭


    << <i>TBT, we can go round and round on this and nothing is going to change. My opinion on your practices in the toned Morgan market is at the very least highly unethical, and at worst is criminal. You have shown on many occasions that you really do not understand bag toned Morgans, and you are basically a fast buck artist coin flipper. Not much more to discuss IMO. >>





    Hmmmm, I am not the one involved in a lawsuit right now for my public statements, voiced opinion (right or wrong), unethical / criminal business interference...Eric.


    Coin Flipper. That's a good one. I will add that to wannabe dealer.
  • TONEDDOLLARSTONEDDOLLARS Posts: 2,928 ✭✭✭✭
    I have seen this coin a couple of times in person. PM me if you want the scoop on it. The reading has been very interesting!!!!!!!!!
  • TUMUSSTUMUSS Posts: 2,207


    << <i>

    << <i>FYI TBT...Eric is not the only one that thinks your ANACS toned coin decisions were UNETHICAL! >>



    Tom,

    I have no problem with people opinions......as long as they are prepared to back up the statements with facts.

    If all judgments are being made from public post and assumptions put forth via the eBay mob including yours....then I am dammed if I do and Dammed if I don't.

    I would love too know if you have any of the facts on this dealer to dealer transaction? Have you talked with me or Anaconda? My opinion is that your behavior and public post if you have not talked with us is borderline UNETHICAL! >>



    YOU MUST BE A DEMOCRAT!!!! You cracked an AT coin and sold it as NT (PERIOD) Do you actually thing you are fooling anyone?????


    GGGGGGGGGGGGGGGEEEEEEEEEEEEEEEEEEEEZZZZZZZZZZZZZimage
  • RussRuss Posts: 48,514 ✭✭✭


    << <i>I have seen this coin a couple of times in person. PM me if you want the scoop on it. >>



    image

    Russ, NCNE
  • TonekillerTonekiller Posts: 1,308 ✭✭
    Tom,

    So, your answer is no - you have not asked anyone for the facts?

    Republican? Just a guess. image
  • TUMUSSTUMUSS Posts: 2,207
    Insensible-illogical-blubbering-whinny DEMOCRAT???? Makes sense!!

    I'LL BET if the "facts" were ever known.....YOU'D look even more criminal then you already do!
  • TonekillerTonekiller Posts: 1,308 ✭✭
    Wrong again....seems to be a pattern with your and Erics posts. Assumptions?


    Voted for Bush last week.....for the 2nd time. Bring it on!
  • TUMUSSTUMUSS Posts: 2,207
    Well....it seems I do respect you (FOR ONE THING)image

    It's just that your "argument" patterns border on democratic thinking.....(Say it enough - and loud enough mabey it could be true)
  • relayerrelayer Posts: 10,570

    My understanding is that the seafoam green color is the hardest to produce using AT methods

    image
    My posts viewed image times
    since 8/1/6

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