Teletrade - crazy toned Morgan, crazy price?

ElmerFusterpuck · September 16, 2012 10:14PM

I was watching this one last night, looks like it went for a decent price, even the ANACS holder didn't stop it:

1883-O Crazy toned Morgan

Did anyone here get it?

ElmerFusterpuck · September 17, 2012 5:47AM

anyone?

Tiny · September 17, 2012 5:58AM

Not me and I sure hope not anyone on this forum. They had several ANACS slabed
toned Morgans on their Sunday's auction. Watched most of them head toward the
moon and kind of wondered.

braddick · September 17, 2012 6:08AM

Too much gold and brown on the obverse to warrant $1,800. price tag, IMHO.
Couple that with the ANACS holder and the MS63 grade and a lackluster reverse and I think the new owner is buried.

anablep · September 17, 2012 6:35AM

yuck?

DorkGirl · September 17, 2012 7:09AM

Looks like it was taped at some point in it's life.

Buzzybest · September 17, 2012 8:43AM

Looks like I just spilled some motor oil on one of my Morgans. Back out to the garage for more upgrades!

rainbowroosie · September 17, 2012 8:58AM

I like it a lot.

Lucanus · September 17, 2012 9:18AM

Common date, average grade, and doctored. Not a good combination.

410a · September 17, 2012 9:21AM

Pretty colors and pretty high price too.

coinbuf · September 17, 2012 9:32AM

<< yuck? >>

That sums it up perfectly, that buyer is beyond buried untill silver hits $1000 an ounce.

Justlooking · September 17, 2012 9:40AM

I'd say it's NT. But not 'ttractive, either.

TONEDDOLLARS · September 17, 2012 9:54AM

<< Common date, average grade, and doctored. Not a good combination. >>

Doctored?????????????? educate me, please.

morgansforever · September 17, 2012 9:59AM

Was in my tracking list. Monsters don't go cheap. I'm not seeing the doctored comment though.
I was out at $500, not surprised where it ended up.
There's a saying "Great coins aren't cheap", that's a sweet toner and very appealing.

Shortgapbob · September 17, 2012 10:06AM

I wouldn't be surprised to see this show up sometime in the future in a PCGS/NGC holder of the same grade. There are some pretty rainbow 83-O Dollars out there.

Lucanus · September 17, 2012 10:12AM

I view the coin as AT. I've collected coins since the late 60's and can't recall seeing any rainbow toned Morgans such as this example throughout
the 1960's, 70's, 80's, and most of the 90's. Just my opinion.

SeattleSlammer · September 17, 2012 10:21AM

Terrific looking coin IMO but given the grade I agree the price still seems strong.

morgansforever · September 17, 2012 10:21AM

<<There are some pretty rainbow 83-O Dollars out there.>>

83, 84 and 85O's were everywhere. It's believed that about 10 million of these were released in 1962.
Keep it simple a million 83O's is 1000 bags, bound to be some toners in those canvas bags.
Just imagine going through 1000 bags of 83O's, bet you would find many Monster toners.

123cents · September 17, 2012 10:29AM

I like it but not at that price!

Cougar1978 · September 17, 2012 10:46AM

A very nicely rainbow toned coin. I am not a buyer of that kind of esoteric material but kudos to the seller for listing it there. Now I don't feel too bad about what I am asking for some of my toned coins.

TONEDDOLLARS · September 17, 2012 11:21AM

<< I view the coin as AT. I've collected coins since the late 60's and can't recall seeing any rainbow toned Morgans such as this example throughout
the 1960's, 70's, 80's, and most of the 90's. Just my opinion. >>

You just were not in the right place at the right time IMO. You probaly saw the results of the dipped coins after the bags were opened, now that's doctoring if you must know.

ElmerFusterpuck · September 17, 2012 11:28AM

I actually watched this one too, but it got way out of my range. I don't think that coin is AT at all; it appears to be tab toning or something like that. The progression of colors seem to be correct as well. For $1800 + juice, I'd expect a knockout in the luster department, but it's hard to tell from the photo. If the luster isn't all there, then I do think the buyer is buried. As long as they enjoy the coin, that's what really counts. It's probably worth watching to see if this coin gets listed again in case it does get returned.

roadrunner · September 17, 2012 11:35AM

Looked like an NT monster to me. The holder makes no difference, only that someone judged the color to be real and A or A+. The coin could go MS64 at PCGS/NGC.
It seems undergraded as a 63. Obv looks 63++ to me, reverse 63.

The fact that it was sold in this holder suggests something was terribly wrong. Either the owner didn't know what they had and was willing to leave money on the table, OR
it was really doctored and they knew what they had.

Either way, they made out just fine.

Shortgapbob · September 17, 2012 11:53AM

<< Looked like an NT monster to me. The holder makes no difference, only that someone judged the color to be real and A or A+. The coin could go MS64 at PCGS/NGC.
It seems undergraded as a 63. Obv looks 63++ to me, reverse 63.

The fact that it was sold in this holder suggests something was terribly wrong. Either the owner didn't know what they had and was willing to leave money on the table, OR
it was really doctored and they knew what they had.

Either way, they made out just fine. >>

Seems that there was a little group of these sent to ANACS and graded in the yellow holders......maybe a collector submission to ANACS at a small show (ANACS sets up and takes submissions at a fair number of small shows). The ones I have seen seem to be graded accurately to conservatively. I had two 83-O Dollars, and one graded the same at PCGS and another graded a point higher.

cheezhed · September 17, 2012 11:57AM

I put a token bid on that one to mark it and actually couldn't believe the hammer.

stealer · September 17, 2012 12:05PM

First impression is TT juiced the obverse photos on an MA coin.

bestclser1 · September 18, 2012 3:48AM

I was the underbidder,and its definitely NT.Nothing else to say on the coin other than i think its a monster. I also found out after the fact who outbid me.There have been at least 20 really nice to monster coins that have come off teletrade in the last 6-8 months that i believe came out of the same collection,would have loved to have seen the whole collection intact!

TONEDDOLLARS · September 18, 2012 10:19PM

<< I was the underbidder,and its definitely NT.Nothing else to say on the coin other than i think its a monster. I also found out after the fact who outbid me.There have been at least 20 really nice to monster coins that have come off teletrade in the last 6-8 months that i believe came out of the same collection,would have loved to have seen the whole collection intact! >>

Someone outbid you??????????????Say its not sooooooooooo

keyman64 · September 18, 2012 10:27PM

Not for me.

BillJones · September 18, 2012 10:31PM

Some people say that it is impossible to over pay for anything. Many advocates of that position are the folks who collect the money from those who are think that overpaying is impossible. To me the toned coin market is nuts, and I'm glad that I'm not infected with that variation of the collecting mania.