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MS 65 toned Morgan

Coin FinderCoin Finder Posts: 7,761 ✭✭✭✭✭
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    BillJonesBillJones Posts: 35,866 ✭✭✭✭✭
    1. Different venue - Stacks - a major auction house with an Internet connection.



    2. I don't think that coin is that beautiful. Yes, it's got color, but it does not turn me on that much, although I have admit that I'm not a color person.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
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    keyman64keyman64 Posts: 15,650 ✭✭✭✭✭
    That does not look like a spectacular toner to me. I don't know the market all that well or which dates are the toughest to find with toning etc but that one does not look like one I would go after. Disclaimer: I have not seen it in hand.



    My guess is that the first time it sold there were two people that REALLY wanted it for some reason and the second time it actually sold for what it is worth as determined by the market.
    "If it's not fun, it's not worth it." - KeyMan64
    Not really looking for much these days but if I were, it might be a toner. :smile:
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    keyman64keyman64 Posts: 15,650 ✭✭✭✭✭
    The venue matters none in this case since we have seen plenty of monster toners go for crazy prices at Great Collections. This coin just isn't the quality that is bringing in the big bucks these days.
    "If it's not fun, it's not worth it." - KeyMan64
    Not really looking for much these days but if I were, it might be a toner. :smile:
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    SeattleSlammerSeattleSlammer Posts: 10,125 ✭✭✭✭✭
    Second time was much closer to what I'd expect for that coin with that color.
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    DoubleEagle59DoubleEagle59 Posts: 8,431 ✭✭✭✭✭
    Two reasons:



    Doesn't look like a 65 to me and 'toners' are on thin ice these days with the grading companies (possible 'details' grade).
    "Gold is money, and nothing else" (JP Morgan, 1912)

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    WalkerfanWalkerfan Posts: 10,331 ✭✭✭✭✭
    Originally posted by: keyman64
    The venue matters none in this case since we have seen plenty of monster toners go for crazy prices at Great Collections. This coin just isn't the quality that is bringing in the big bucks these days.


    Well stated and a good point.

    Originally posted by: SeattleSlammer
    Second time was much closer to what I'd expect for that coin with that color.


    I agree. It has decent color but not a monster.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

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    rainbowroosierainbowroosie Posts: 4,875 ✭✭✭✭
    You guys are too kind. That dollar is a pig. Raw its $40. Way too many hits and lousy color.
    "You keep your 1804 dollar and 1822 half eagle -- give me rainbow roosies in MS68."
    rainbowroosie April 1, 2003
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    ronctxronctx Posts: 106 ✭✭✭
    Originally posted by: DoubleEagle59


    'toners' are on thin ice these days with the grading companies


    What do you mean by, on thin ice?

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    291fifth291fifth Posts: 25,206 ✭✭✭✭✭
    In my opinion rather ho-hum coin. Nothing there I would pay a premium for.
    All glory is fleeting.
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    MidLifeCrisisMidLifeCrisis Posts: 10,614 ✭✭✭✭✭
    Originally posted by: keyman64

    That does not look like a spectacular toner to me. I don't know the market all that well or which dates are the toughest to find with toning etc but that one does not look like one I would go after. Disclaimer: I have not seen it in hand.



    My guess is that the first time it sold there were two people that REALLY wanted it for some reason and the second time it actually sold for what it is worth as determined by the market.




    image
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    coindeucecoindeuce Posts: 13,515 ✭✭✭✭✭
    You probably would have fared better by consigning the coin to eBay seller greattoning. At least he has an established following for toned dollars, and he knows how to photograph them to best portray the pattern and color effectively. With GC, your coin literally got lost in the shuffle of widgets. And conversely, you shoulda just let somebody outbid you 4 years ago at Stacks. image

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.american-legacy-coins.com

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    BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    It's not a bag toned monster just a end of roll toner.



    The jumbo GC pics don't sugar coat any marks on the obverse and really show it for what it is.



    As you sure see a lot more traffic then in the glamour shot at SB.
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
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    WoodenJeffersonWoodenJefferson Posts: 6,491 ✭✭✭✭
    The 'green bean' fell off image
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    abcde12345abcde12345 Posts: 3,404 ✭✭✭✭✭
    Could there be an equal example of a Morgan that sold for under $400. years ago and recently traded at close to $1,500.?

    Probably.
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    Cougar1978Cougar1978 Posts: 9,932 ✭✭✭✭✭
    CW Trends for an MS65 1899-O Dollar is $155. I view toned vs brilliant as a preference not necessarily paying a monstrous big premium for.



    In the first instance the coin went for well over what it was worth, that person was the end user until taking a huge loss now.



    Frankly, I do not see it as more than a $200 - $225 coin. Best of luck to the buyer; paying big premiums on toners is risky. If you think I am joking I encourage you to shop these around the bourse at a show. Many will simply pull out their blue-sheets.



    There is no doubt monster toners can go for insane prices, but you have to find that special buyer. What that guy paid the first time would buy a nice slabbed $20 Double Eagle today, unbelievable. What was he thinking.....Was it jut "I gotta have it" syndrome or did he think it would tripple lol.
    Investor
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    goldengolden Posts: 10,500 ✭✭✭✭✭
    No way is that coin a 65,plus it is ugly!
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    vplitevplite Posts: 1,385 ✭✭✭
    It is hard to see as a solid 65, and the toning is just OK. I agree with others that the price recently realized is more realistic.
    The Golden Rule: Those with the gold make the rules.
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    RampageRampage Posts: 9,678 ✭✭✭✭✭
    The coin was way overpriced, in my opinion, at $1,495 that it sold for at Stacks. At GreatCollections, the coin seems more appropriately priced, though still a bit on the high side. It looks more like a $200 to $225 coin, but I also agree the coin is a solid MS64, not MS65. This is all based on the pictures. In person, it could be a solid MS65.
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    ChristosChristos Posts: 950 ✭
    I am a fan of toned Morgans but I do not like the look of this one. It looks intentional and muddy.
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    roadrunnerroadrunner Posts: 28,374 ✭✭✭✭✭
    It was part of the "Rainbow Collection" at a major auction 4 yrs ago. That no doubt drew in a lot of specialists who must have assumed these were some of the finest rainbows. I'd also say the market was a lot stronger (gold and silver especially) 4 years ago. All that liquidity continued to help the coin market.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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    DRUNNERDRUNNER Posts: 3,946 ✭✭✭✭✭
    It is always challenging to try to assess trends on just one statistical sample . . . .



    In this case, the original was overpriced. The second reflects a much more realistic view of the value of the coin.



    I love toners . . . this one is fine, but not at a huge level . . . . . .



    Drunner
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    DRUNNERDRUNNER Posts: 3,946 ✭✭✭✭✭
    It is always challenging to try to assess trends on just one statistical sample . . . .



    In this case, the original was overpriced. The second reflects a much more realistic view of the value of the coin.



    I love toners . . . this one is fine, but not at a huge level . . . . . .



    Drunner
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    TheDukeKTheDukeK Posts: 359 ✭✭✭
    As for the price difference...idk.

    But I don't think it's a 65 but a 63.

    I'll leave the toning up to you guys though.
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    TonerGuyTonerGuy Posts: 590 ✭✭✭
    I wish toned Peace $ would drop by this much...
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    rickoricko Posts: 98,724 ✭✭✭✭✭
    I would not buy it at the recent price.... ugly tarnish... and I would never pay a premium for

    any kind of tarnish anyway... Cheers, RickO
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    LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Originally posted by: rainbowroosie

    You guys are too kind. That dollar is a pig. Raw its $40. Way too many hits and lousy color.




    image



    image
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