The one thing that always confuses me about threads like this are the people that say, "it is a good purchase if later when you resell it you make a profit" (or something similar). My guess is the people with this opinion are no longer COLLECTORS but in fact DEALERS that previously enjoyed collecting but due to some likely sad event no longer enjoy the coins they only enjoy the profit potential. Sad.
Collectors buying these mega-toners are rarely doing so because they plan to flip them. Occasionally that might be the motivation, but I think the COLLECTORS that buy these do so for the enjoyment! And there is a lot to be enjoyed with a coin like the OP.
It's really cool being able to know that your coin STANDS OUT. Your coin IS UNIQUE. Your coin needs to be looked at!
You didn't just buy a stack of coins to throw onto your "these are worth $10,000 each" pile. You bought a coin that is worthy of being shared. Even with your non-coin friends!
You take this coin and show it to someone that doesn't collect coins and every time you will get a "wow that's cool". Being able to share the hobby with a non-collector and getting positive results is a really fun thing! It's just a small part of the reason to own something like this, it becomes a "showcase piece"!
You show your friend this coin which is many Morgan collector's dream and the non collector will say, "interesting". Which let's be honest actually means: "Why did you waste 3 of my precious minutes of life showing me this coin?"
The OP coin is a showcase to collectors and non-collectors and something the new owner is probably already starting to enjoy!
I bought a couple of the other Morgans from the Legend sale and I can tell you that I bought them because I will enjoy owning them! I'm already excited and I don't actually have them in my grubby little hands yet
What's been said is all very well; quite frankly it is the buyer's choice. Who really gives a damn if the buyer chooses to light cigars with $100 bills? Really the same. EVP's coin IMO is far more appealing, but that's just an opinion (I might add shared by a number of others I showed the subject first coin to). I only wish that the buyers purchasing these type of coins were in the same interest as me, furiously burning cash in the pursuit of such.
Love that Milled British (1830-1960) Well, just Love coins, period.
TDN stated it well . . .and he is surely qualified to do so.
There are about 4 or 5 of the toners that TDN mentioned that surpass what the average or even above average collector appreciates. He named them, and they have a price history and collecting history that is warranted and is comparable to any other series of US coins -- when you get to the absolute top.
Who knows . . . . there might even be another coin out there that even 'The Moose Broker' has said surpasses 'The Moose'.
But then again, maybe not . . . . I never want to put words in anyone's mouth . . . but wouldn't it be cool if the ultimate . . .was still out there? Well, maybe not . . . who knows?
<< <i>The one thing that always confuses me about threads like this are the people that say, "it is a good purchase if later when you resell it you make a profit" (or something similar). My guess is the people with this opinion are no longer COLLECTORS but in fact DEALERS that previously enjoyed collecting but due to some likely sad event no longer enjoy the coins they only enjoy the profit potential. Sad.
Collectors buying these mega-toners are rarely doing so because they plan to flip them. Occasionally that might be the motivation, but I think the COLLECTORS that buy these do so for the enjoyment! And there is a lot to be enjoyed with a coin like the OP.
It's really cool being able to know that your coin STANDS OUT. Your coin IS UNIQUE. Your coin needs to be looked at!
You didn't just buy a stack of coins to throw onto your "these are worth $10,000 each" pile. You bought a coin that is worthy of being shared. Even with your non-coin friends!
You take this coin and show it to someone that doesn't collect coins and every time you will get a "wow that's cool". Being able to share the hobby with a non-collector and getting positive results is a really fun thing! It's just a small part of the reason to own something like this, it becomes a "showcase piece"!
You show your friend this coin which is many Morgan collector's dream and the non collector will say, "interesting". Which let's be honest actually means: "Why did you waste 3 of my precious minutes of life showing me this coin?"
The OP coin is a showcase to collectors and non-collectors and something the new owner is probably already starting to enjoy!
I bought a couple of the other Morgans from the Legend sale and I can tell you that I bought them because I will enjoy owning them! I'm already excited and I don't actually have them in my grubby little hands yet >>
Appreciate your positive attitude, and I agree that collecting should be motivated by personal enjoyment and not future financial considerations.
<< <i>I agree that collecting should be motivated by personal enjoyment and not future financial considerations. >>
There is no reason these should be at all mutually exclusive. Seems to me that collecting can be about either one or both of these (although focusing only on the second would properly be described as investing). Neither is wrong.
<< <i>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. >>
<< <i>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. >>
#1 post to this thread >>
+1, this hobby isn't just for all investment (or money back). If "pure" investors lose big $$$ in coins, then so be it. Anyone gamble in this hobby (aka without doing his/her home work first);? do we really need them here?
<< <i>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.
I think the morgan is nice and the price was high but to each his own.
That coin may stand the test of time but from what I have seen you better be on the right side of the playground fence when it comes to toners. That morgan is like million dollar houses, expensive machine guns, big diamonds and exotic cars, lots of lookers, talkers but few buyers.
I can picture a new collector in the room getting run up on a coin like that.
Years ago I bought some nice colored morgans in the 2500 range, I learned I was not on the right side of the fence on resell. I was told I was buying the good ones from a big dealer just to hear the opposite when I tried to sell them. I did get a few coffee cups as a perk and maybe one day they will make up the difference. If you got to make your decision to buy a coin like that based on a big dealers recommendation you should pass.
Mark NGC registry V-Nickel proof #6!!!! working on proof shield nickels # 8 with a bullet!!!!
Comments
Collectors buying these mega-toners are rarely doing so because they plan to flip them. Occasionally that might be the motivation, but I think the COLLECTORS that buy these do so for the enjoyment! And there is a lot to be enjoyed with a coin like the OP.
It's really cool being able to know that your coin STANDS OUT. Your coin IS UNIQUE. Your coin needs to be looked at!
You didn't just buy a stack of coins to throw onto your "these are worth $10,000 each" pile. You bought a coin that is worthy of being shared. Even with your non-coin friends!
You take this coin and show it to someone that doesn't collect coins and every time you will get a "wow that's cool". Being able to share the hobby with a non-collector and getting positive results is a really fun thing! It's just a small part of the reason to own something like this, it becomes a "showcase piece"!
Compare that to the reaction they will have to this coin:
https://legendauctions.hibid.com/lot/19846107/-1-1882-o-pcgs-ms68--cac-ex-jack-lee?dateStart=7/2/2012&dateEnd=6/27/2015&tab=0
You show your friend this coin which is many Morgan collector's dream and the non collector will say, "interesting". Which let's be honest actually means: "Why did you waste 3 of my precious minutes of life showing me this coin?"
The OP coin is a showcase to collectors and non-collectors and something the new owner is probably already starting to enjoy!
I bought a couple of the other Morgans from the Legend sale and I can tell you that I bought them because I will enjoy owning them! I'm already excited and I don't actually have them in my grubby little hands yet
I am as guilty as anyone on raining on peoples parades and will put a stop to it right now!
The OP's coin is a very beautiful coin and I do sincerely hope he/she enjoys it in hand.
Here is a coin I bought for the non-core portion of my collection just because my wife liked it:
How does one get a hater to stop hating?
I can be reached at evillageprowler@gmail.com
I only wish that the buyers purchasing these type of coins were in the same interest as me, furiously burning cash in the pursuit of such.
Well, just Love coins, period.
There are about 4 or 5 of the toners that TDN mentioned that surpass what the average or even above average collector appreciates. He named them, and they have a price history and collecting history that is warranted and is comparable to any other series of US coins -- when you get to the absolute top.
Who knows . . . . there might even be another coin out there that even 'The Moose Broker' has said surpasses 'The Moose'.
But then again, maybe not . . . . I never want to put words in anyone's mouth . . . but wouldn't it be cool if the ultimate . . .was still out there? Well, maybe not . . . who knows?
Drunner
<< <i>The one thing that always confuses me about threads like this are the people that say, "it is a good purchase if later when you resell it you make a profit" (or something similar). My guess is the people with this opinion are no longer COLLECTORS but in fact DEALERS that previously enjoyed collecting but due to some likely sad event no longer enjoy the coins they only enjoy the profit potential. Sad.
Collectors buying these mega-toners are rarely doing so because they plan to flip them. Occasionally that might be the motivation, but I think the COLLECTORS that buy these do so for the enjoyment! And there is a lot to be enjoyed with a coin like the OP.
It's really cool being able to know that your coin STANDS OUT. Your coin IS UNIQUE. Your coin needs to be looked at!
You didn't just buy a stack of coins to throw onto your "these are worth $10,000 each" pile. You bought a coin that is worthy of being shared. Even with your non-coin friends!
You take this coin and show it to someone that doesn't collect coins and every time you will get a "wow that's cool". Being able to share the hobby with a non-collector and getting positive results is a really fun thing! It's just a small part of the reason to own something like this, it becomes a "showcase piece"!
Compare that to the reaction they will have to this coin:
https://legendauctions.hibid.com/lot/19846107/-1-1882-o-pcgs-ms68--cac-ex-jack-lee?dateStart=7/2/2012&dateEnd=6/27/2015&tab=0
You show your friend this coin which is many Morgan collector's dream and the non collector will say, "interesting". Which let's be honest actually means: "Why did you waste 3 of my precious minutes of life showing me this coin?"
The OP coin is a showcase to collectors and non-collectors and something the new owner is probably already starting to enjoy!
I bought a couple of the other Morgans from the Legend sale and I can tell you that I bought them because I will enjoy owning them! I'm already excited and I don't actually have them in my grubby little hands yet
Appreciate your positive attitude, and I agree that collecting should be motivated by personal enjoyment and not future financial considerations.
<< <i>I agree that collecting should be motivated by personal enjoyment and not future financial considerations. >>
There is no reason these should be at all mutually exclusive. Seems to me that collecting can be about either one or both of these (although focusing only on the second would properly be described as investing). Neither is wrong.
That's just me.
I have a marvelous colored 2 1/2 dollar gold coin ( a former TDN might add ).
I showed it in another recent thread.
But the premium for that coin will be so-so because the demand for the series just isn't there.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>As marvelous as a one sided toner morgan might be I cannot get excited at the price level paid for the OP's coin.
That's just me.
I have a marvelous colored 2 1/2 dollar gold coin ( a former TDN might add ).
I showed it in another recent thread.
But the premium for that coin will be so-so because the demand for the series just isn't there. >>
Let's see it!
Latin American Collection
<< <i>
<< <i>As marvelous as a one sided toner morgan might be I cannot get excited at the price level paid for the OP's coin.
That's just me.
I have a marvelous colored 2 1/2 dollar gold coin ( a former TDN might add ).
I showed it in another recent thread.
But the premium for that coin will be so-so because the demand for the series just isn't there. >>
Let's see it! >>
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>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. >>
#1 post to this thread
Rainbow Stars
<< <i>
<< <i>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. >>
#1 post to this thread >>
+1, this hobby isn't just for all investment (or money back). If "pure" investors lose big $$$ in coins, then so be it. Anyone gamble in this hobby (aka without doing his/her home work first);? do we really need them here?
That gold coin is nice, but you can't really compare it to the Morgan toner.
I will say it's sad to have lost the rattler on this one for just a +
<< <i>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 >>
Part II of The Coronet Collection is being auctioned in our October 15th Regency Auction XIV.
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That coin may stand the test of time but from what I have seen you better be on the right side of the playground fence when it comes to toners. That morgan is like million dollar houses, expensive machine guns, big diamonds and exotic cars, lots of lookers, talkers but few buyers.
I can picture a new collector in the room getting run up on a coin like that.
Years ago I bought some nice colored morgans in the 2500 range, I learned I was not on the right side of the fence on resell. I was told I was buying the good ones from a big dealer just to hear the opposite when I tried to sell them. I did get a few coffee cups as a perk and maybe one day they will make up the difference. If you got to make your decision to buy a coin like that based on a big dealers recommendation you should pass.
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"