OK, anyone here win this monster Morgan from Legend Auctions?

ElmerFusterpuck

Dropped out very early on this, it's a looker!

1880-S $1 PCGS MS-65+

mrdq

not me, eww

Unknown

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keyman64

I saw that PREMIUM on that one. It is not something for me, even if I were able to do it.
As long as the new owner is happy is all that matters. It looks nice, that's for sure.

roadrunner

Those Coronet Collection Morgans that led the auction off were pretty incredible (most were not toners, just as near perfect as you can find for most of the dates).

The Eliasberg/Coronet 1892-s PCGS MS67 at $380K was pretty impressive. The MS68+ examples of the 1885 ($34K) and the 1885-cc ($115K) seemed like big enough money. Since these ended at the 1893-0, the 1893-s and later coins must be in the next auction.

Coronet

DRUNNER

Pretty Morgie . . . . . .

Not me.

Drunner

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DennisH

Color is nice, but c'mon.

BillJones

$12 grand ...

Way more than I would ever pay, even if I was into toners.

That is a lot of money for a one sided toner. I've examples with two sides, but it was back in the 1980s.

How about this one although I know it's on the wrong side.

Wabbit2313

Wow! Estimate was 2 grand.

david3142

I bid on that one and would have gone up to around $2500 or maybe $3K but I got blown out of the water! There were some exceptional prices realized for great toned coins last night.

joebb21

This was by far the nicest coin in the sale color wise

OldIndianNutKase

WOW......6x estimate! And there must have been an underbidder (or two) pushing the deal. This is an Aurora Boreallis type of Morgan toner. Perhaps he will chime in with some pertinent info?

OINK

segoja

I looked at that coin in the auction...it was a stunner.

The toned Morgans/Peace Dollars in this sale went nuts

cheezhed

Fabulous coin and all but the realized price seems excessive.

LanceNewmanOCC

.
nice to see some luster bands oppose to the usual flat, evenly lit images we see for nice coins.

the price for that is way over double for the highest i've seen a common date common grade morgan go for?
.

brg5658

That's not the first silly price paid for a generic date Morgan. Back in February Legend sold another for the same price of $14,100.



That's 100 times the FMV of an MS65 1882-S Morgan. That's some mighty expensive tarnish.

BillJones

This is one of the reasons why I just "turn the page" when I see the words "Legend Auctions."

Their prices realized are far beyond the ability of my feeble brain to comprehend. I couldn't dream of paying that much for a common date Morgan dollar no matter what the color or state of preservation.

jcping

This is a national well known dealer told me " most collectors love beautifully rainbow toned coins but rarely you can find any to pay real premium. When you have these coins, you have to send them to major auction houses."

Justacommeman

<< <i>I looked at that coin in the auction...it was a stunner.

The toned Morgans/Peace Dollars in this sale went nuts >>



As did the two toned Walkers.

I love the chorus of overpaid/ buried comments from those the don't even play in this market. I shake my head at the dissmissive comments. Weak, but they are entitled to their opinions even if it's out of there realm of expertise.

Edited to add of course premium toners should be sold at auction. Price discovery is healthy.


Mark

tradedollarnut

<< <i>This is one of the reasons why I just "turn the page" when I see the words "Legend Auctions."

Their prices realized are far beyond the ability of my feeble brain to comprehend. I couldn't dream of paying that much for a common date Morgan dollar no matter what the color or state of preservation. >>



Then why bother to post? I just don't get why people have to be so negative.

The coin is amazing, there's a well established market for stunning toners. The reverse toner posted is in kindergarten compared to the PhD toning on this dollar.

david3142

<< <i>

<< <i>I looked at that coin in the auction...it was a stunner.

The toned Morgans/Peace Dollars in this sale went nuts >>



As did the two toned Walkers.

Mark >>



I loved that 39-D Walker! Thought long and hard about it because it didn't even hit the reserve until a couple of days ago. I was surprised to see how much it went for given that slow traction.

Justacommeman

<< <i>

<< <i>

<< <i>I looked at that coin in the auction...it was a stunner.

The toned Morgans/Peace Dollars in this sale went nuts >>



As did the two toned Walkers.

Mark >>



I loved that 39-D Walker! Thought long and hard about it because it didn't even hit the reserve until a couple of days ago. I was surprised to see how much it went for given that slow traction. >>



I opened the bid and left healthy max bids for that and the 42. They didn't hold. I was at my bachelor party so I want able to participate live. I would have been caught up in the bidding otherwise. I viewed both of them and they were awesome

Mark

ElmerFusterpuck

<< <i>

<< <i>

<< <i>I looked at that coin in the auction...it was a stunner.

The toned Morgans/Peace Dollars in this sale went nuts >>



As did the two toned Walkers.

Mark >>



I loved that 39-D Walker! Thought long and hard about it because it didn't even hit the reserve until a couple of days ago. I was surprised to see how much it went for given that slow traction. >>



I saw the '42 Walker in 67+ at the April PCGS Vegas show. That coin was a stunner in person and it had a $5K price tag with it. Lots of red on the coin, which is not a usual color I've seen on toners. Looks like it went for a bit more with the juice in this auction.

Wabbit2313

That 1879-S posted above does not even count as a toner. Man there were some really nice coins in this auction. I just spent a while looking.

brg5658

<< <i>
I love the chorus of overpaid/ buried comments from those the don't even play in this market. I shake my head at the dissmissive comments. Weak, but they are entitled to their opinions even if it's out of there realm of expertise.
>>



Hmmm...I never realized one could be an "expert" in overpaying for "purdy" colors on very, very, very common coins.

I love the irony / juxtaposition of one expressing disdain for "dismissive comments" and in the next sentence creating his own set of dismissive comments? lol

david3142

Where were y'all when I asked if anyone could view a couple of lots for me?!

SeattleSlammer

A stunning and fantastic gem+ monster for sure.
I would have stretched to 4k for it. But the Big Boys were all over this one.

BillJones

<< <i>

<< <i>This is one of the reasons why I just "turn the page" when I see the words "Legend Auctions."

Their prices realized are far beyond the ability of my feeble brain to comprehend. I couldn't dream of paying that much for a common date Morgan dollar no matter what the color or state of preservation. >>



Then why bother to post? I just don't get why people have to be so negative.

The coin is amazing, there's a well established market for stunning toners. The reverse toner posted is in kindergarten compared to the PhD toning on this dollar. >>



I have experience and a point of view, and your point of view is based on the fact that you are a part owner of the company.

roadrunner

<< <i>Where were y'all when I asked if anyone could view a couple of lots for me?! >>



A simple question, but with so many twists and turns there's no easy way to answer it. Be careful what you ask for because it could cost you big time when the coin doesn't turn out like you (or they) expected. I would imagine that color premiums are even more subjective than grading itself.

BillJones

<< <i>

<< <i>Where were y'all when I asked if anyone could view a couple of lots for me?! >>



A simple question, but with so many twists and turns there's no easy way to answer it. Be careful what you ask for because it could cost you big time when the coin doesn't turn out like you (or they) expected. I would imagine that color premiums are even more subjective than grading itself. >>



I have to say that I am no good at pricing color premiums. I know what I like, and it often matches what the color people like, but when it comes to putting prices on it, I'm like a guy with a 1980 edition of The Red Book. Ninety-nine percent of the time I will come in too low.

Justacommeman

<< <i>

<< <i>

<< <i>This is one of the reasons why I just "turn the page" when I see the words "Legend Auctions."

Their prices realized are far beyond the ability of my feeble brain to comprehend. I couldn't dream of paying that much for a common date Morgan dollar no matter what the color or state of preservation. >>



Then why bother to post? I just don't get why people have to be so negative.

The coin is amazing, there's a well established market for stunning toners. The reverse toner posted is in kindergarten compared to the PhD toning on this dollar. >>



I have experience and a point of view, and your point of view is based on the fact that you are a part owner of the company. >>



So his point of view couldn't possibly be based on the knowledge of the premium toner market? The toner you posted I wouldn't pay a premium for either. It lends me to believe that you don't understand this segment of the market which is ok as there are many I don't get either. The difference is a wouldn't go out of my way to comment on them or offer expertise were there isn't any. Then again you have a pebble in your shoe for Legend.
Mar

Justacommeman

<< <i>

<< <i>
I love the chorus of overpaid/ buried comments from those the don't even play in this market. I shake my head at the dissmissive comments. Weak, but they are entitled to their opinions even if it's out of there realm of expertise.
>>



Hmmm...I never realized one could be an "expert" in overpaying for "purdy" colors on very, very, very common coins.

I love the irony / juxtaposition of one expressing disdain for "dismissive comments" and in the next sentence creating his own set of dismissive comments? lol

>>



You are entitled to your opinions as stated. You are not a toner guy I get it. You cant wrap your ahead around the fact that some will be pay up for uncommon common dates. I get it. Aesthetics play the determining role in many collecting strategies. Sometimes it separates good collections from great collections in the eye of the beholder.

Mark

BillJones

<< <i>Then again you have a pebble in your shoe for Legend. >>



And Legnd has a pebble in their shoe against me, so the pebbles are equal.

What I don't understand is why Legend cares so much.

SethChandler

It seems like a few of the wildly toned Morgans that sell for the big bucks have a fair amount of that cool aguagreen that you do not see very often. The posted 80-S has it.

FWIW, whenever I was a kid in the 1980's toning premiums on Morgan were just as hotly debated as they are today. The difference is that in those days people would be calling anyone crazy to pay $500 for the 80-S that the OP posted.


Here's that 80-CC 66+ that sold for 34k a short while ago with the cool aquagreen color:

LanceNewmanOCC

<< <i>That 1879-S posted above does not even count as a toner. Man there were some really nice coins in this auction. I just spent a while looking. >>



if it doesn't count as a toner does it count as a

AuroraBorealis

That 80-S looks like one heck of a stunner and not me but someone ended up with one gorgeous Morgan... But I wonder what dude ended up with this one....

AB

david3142

I'm blind to the grade and the color but the sticker tells me it must be super!
/sarcasm

That Morgan is a beauty and you got it for about the same price as that 65+!

coinbuf

<< <i>

<< <i>

<< <i>

<< <i>This is one of the reasons why I just "turn the page" when I see the words "Legend Auctions."

Their prices realized are far beyond the ability of my feeble brain to comprehend. I couldn't dream of paying that much for a common date Morgan dollar no matter what the color or state of preservation. >>



Then why bother to post? I just don't get why people have to be so negative.

The coin is amazing, there's a well established market for stunning toners. The reverse toner posted is in kindergarten compared to the PhD toning on this dollar. >>



I have experience and a point of view, and your point of view is based on the fact that you are a part owner of the company. >>



So his point of view couldn't possibly be based on the knowledge of the premium toner market? The toner you posted I wouldn't pay a premium for either. It lends me to believe that you don't understand this segment of the market which is ok as there are many I don't get either. The difference is a wouldn't go out of my way to comment on them or offer expertise were there isn't any. Then again you have a pebble in your shoe for Legend.
Mar >>



There is no way to understand irrational behavior, and nobody (including a self proclaimed expert like yourself) can say with certainty that this was a smart buy. That can only be decided depending on what the coin brings when it is sold again. For myself the coin is not appealing to me and not something I would care to chase, but to each their own.

georgiacop50

Like somebody else alluded to, for that kind of money I'd want a two sided toner.

Like this, for far less $$$!

Yeah maybe not as "smooth" but it's got similar colors.

tradedollarnut

<< <i>Like somebody else alluded to, for that kind of money I'd want a two sided toner.

Like this, for far less $$$!

Yeah maybe not as "smooth" but it's got similar colors. >>



Uhmmm...no. Not even out of grade school on that one

georgiacop50

I guess I'll stick with my Franklins then!

tradedollarnut

There is a certain look of toning on Morgans that brings out the moon money. The OP coin has it, the Sirna moose has it, the 1881-S from Aurora has it. Trying to compare any other type of toner to it and saying I'd rather have this for a tenth of the money is like saying I'd rather have this 1876 twenty cent piece than that 1876-CC one because I Can get it for a tenth of the price. Well, that's all fine and good and certainly a matter of personal opinion but it doesn't mean knowledgeable collectors will agree.

oreville

I could not believe that the 1955 DDO cent went for a incredible bargain in the Legend auction sale!!

CircOnly

I find it amusing that so many members are worried about how someone, other than themselves, decided to spend their (again other than themselves) money.

DIMEMAN

I wouldn't pay over $200 for it! But doesn't matter. The only person it matters to is the buyer. If he/sh is happy that is all that counts.

He/She will probably be the owner of that forever.....but who knows.

SoCalBigMark

Moose territory takes big boots.

Unknown

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yosclimber

Arguments stating these are "common date" coins are weak. This is a condition rarity situation, not a generic grade.

The grade on the slab also may not reflect the toning, so using only the slab grade ignores essential facts.
Especially for older holders. It's my understanding that the incorporation of beautiful toning in the slab grade (via the "eye appeal" assessment) has changed over time.

Finally, guessing at another person's motives for posting their viewpoint tends to be error-prone. It's wise to resist the temptation.
And it's disrespectful to claim their motives are only monetary.
If people's motives were only monetary, they would not spend time on coins - you can make lots more money elsewhere.
It's more likely they are here because they are passionate about coins.

mrearlygold

Amazing coin. Wowee Legend

Justacommeman

<< <i>

<< <i>

<< <i>

<< <i>

<< <i>This is one of the reasons why I just "turn the page" when I see the words "Legend Auctions."

Their prices realized are far beyond the ability of my feeble brain to comprehend. I couldn't dream of paying that much for a common date Morgan dollar no matter what the color or state of preservation. >>



Then why bother to post? I just don't get why people have to be so negative.

The coin is amazing, there's a well established market for stunning toners. The reverse toner posted is in kindergarten compared to the PhD toning on this dollar. >>



I have experience and a point of view, and your point of view is based on the fact that you are a part owner of the company. >>



So his point of view couldn't possibly be based on the knowledge of the premium toner market? The toner you posted I wouldn't pay a premium for either. It lends me to believe that you don't understand this segment of the market which is ok as there are many I don't get either. The difference is a wouldn't go out of my way to comment on them or offer expertise were there isn't any. Then again you have a pebble in your shoe for Legend.
Mar >>



There is no way to understand irrational behavior, and nobody (including a self proclaimed expert like yourself) can say with certainty that this was a smart buy. That can only be decided depending on what the coin brings when it is sold again. For myself the coin is not appealing to me and not something I would care to chase, but to each their own. >>



I don't own a Morgan of any kind. It was a smart buy if the coin makes the owner happy.

Mark