What to do with raw rainbow Morgans?
Twinturbo
Posts: 493
My neighbor recently came to me with his Morgan collection.
It's largely MS60-63 with a few higher. Anyways they were stored in velvet coin cases, and have developed quite a bit of rainbow colors on all of them.
So here's the dilemma he wants to sell them, but I'm not sure how to and if they command premiums.
I haven't figured out how to catch toning on coins yet.
And now where's the best market to sell them? eBay?
Is it best to consign?
I've tried using eBay before but too much time involved, any recommendations as to what to do?
Any and all help is appreciated.
It's largely MS60-63 with a few higher. Anyways they were stored in velvet coin cases, and have developed quite a bit of rainbow colors on all of them.
So here's the dilemma he wants to sell them, but I'm not sure how to and if they command premiums.
I haven't figured out how to catch toning on coins yet.
And now where's the best market to sell them? eBay?
Is it best to consign?
I've tried using eBay before but too much time involved, any recommendations as to what to do?
Any and all help is appreciated.
0
Comments
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
In honor of the memory of Cpl. Michael E. Thompson
He should go to a couple of dealers and shop them for prices.
But, since he's the collector he probably knows more about them and their values than
you do, just help him in where to get them sold.
bob
PS: submitting to PCGS on some of them would help with values. If the toning is superb
or the date or grade makes the difference then get those graded.
.
just buy them and consign them to me
or keep it simple and sell them to me
.
.
<< <i>.
.
just buy them and consign them to me
or keep it simple and sell them to me
.
. >>
Pm'd
<< <i>If the coins were purchased from a mail order firm then there is a decent chance that they could have been previously cleaned. I write this because many subscription-type or pre-assembled sets that come in faux wooden frames or velvet lined trays were marketed to non-coin collectors and they contained coins lightly polished with a sulfur based compound. Over time, these coins can develop lots of secondary toning. >>
I asked my neighbor, he conferred that he purchased the sets and coins seperately, essentially he bought empty velvet lined cases and over the course of a year would fill it up with Blast white morgans from several dealers. Most of these coins are non-common date toners, I think the cases have high sulfur amounts in them.
<< <i>Tell your neighbor that you just don't have the expertise on Morgans to be of any help.
He should go to a couple of dealers and shop them for prices.
But, since he's the collector he probably knows more about them and their values than
you do, just help him in where to get them sold.
bob
PS: submitting to PCGS on some of them would help with values. If the toning is superb
or the date or grade makes the difference then get those graded. >>
I do know morgans, and their grading as well as key dates, the issue is I rarely have seen rainbow morgans raw in person, hence when multiple show up at once and the highest local BM offer is $24 per morgan (Which is lower than my general offer on craigslist and newspaper) Im more inclined to help him sell them or just give him $27 per morgan which he is content with, However I would rather help him out instead scrounging him for a couple $$
Ive picked up a couple from the collection, I will be sending in, dont have enough yet though for a submission only picked out 3.
<< <i>However I would rather help him out instead scrounging him for a couple $$ >>
that is nice to hear
<< <i>Ive picked up a couple from the collection, I will be sending in, dont have enough yet though for a submission only picked out 3. >>
guess than means they are going ATS?
<< <i>If the coins were purchased from a mail order firm then there is a decent chance that they could have been previously cleaned. I write this because many subscription-type or pre-assembled sets that come in faux wooden frames or velvet lined trays were marketed to non-coin collectors and they contained coins lightly polished with a sulfur based compound. Over time, these coins can develop lots of secondary toning. >>
+ 1000
You need to find out if the toning is legit first and foremost as far as market acceptability and insure the coins are problem free and devoid of a cleaning etc. Then you can move forward with either selling them raw or having them graded but typically the coins will pull much smaller premiums for the toning if they are sold raw.
<< <i>
<< <i>If the coins were purchased from a mail order firm then there is a decent chance that they could have been previously cleaned. I write this because many subscription-type or pre-assembled sets that come in faux wooden frames or velvet lined trays were marketed to non-coin collectors and they contained coins lightly polished with a sulfur based compound. Over time, these coins can develop lots of secondary toning. >>
+ 1000
You need to find out if the toning is legit first and foremost as far as market acceptability and insure the coins are problem free and devoid of a cleaning etc. Then you can move forward with either selling them raw or having them graded but typically the coins will pull much smaller premiums for the toning if they are sold raw. >>
Okay what are market acceptable colors? Should I try and take photos and post???? And suggestions appreciated.
For cleaning what do I look for? I know to looks for the scratches, and for dull no luster surfaces, but other than that anything else?
I will suggest to him to grade them all, we have a little over 20 total, what's the best and mist economical way to get them graded?
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
<< <i>Okay any suggestions on how to photograph them? To catch the toning? No I don't have macro >>
Macro is not needed. Get them under a good lighting and shoot each one individually, or two at a time might be okay. Get as close to them as possible while keeping them in focus. Raw coins are pretty easy to photograph.
Eric