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$80 Morgan sold for $7500?!

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    WalkerfanWalkerfan Posts: 10,395 ✭✭✭✭✭
    May I add that I am not being critical of the toner guys or any other niche collectors.



    To each his own and I have no doubt that such coins are very rare and they are obviously beautiful.



    If you have the means, you should collect the coins that make you happy.



    That is one of the great things about numismatics----there is no wrong way to collect.



    And there are infinite ways to collect based on grade, series, strike, color, method of production, VAM, denomination and on and on and on.

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

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

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    sparky64sparky64 Posts: 7,065 ✭✭✭✭✭
    I'm awarding you the Post Of The Day award, Drunner. image



    I've been mulling over this post with a mish-mash of non-connected thoughts and you went ahead and said it like I wish I could have.

    image



    "If I say something in the woods and my wife isn't there to hear it.....am I still wrong?"

    My Washington Quarter Registry set...in progress

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    kookoox10kookoox10 Posts: 538 ✭✭✭
    Drummer is correct, it is just as much art as it is numismatics. It's the two worlds colliding to where you would have collectors who were not in the hobby 5 years ago, snapping these beauties up at break-neck record pricing. It's not just about type or key dates anymore, there's many other subtypes to numismatics. In some way, I owe some of it to the gen-x/y folks in their 20's and 30's paving the way into more diverse collecting. A wave into the future, and probably a necessary change in order for this hobby to thrive for future generations.
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    hchcoinhchcoin Posts: 4,843 ✭✭✭✭✭
    Originally posted by: kookoox10
    Drummer is correct, it is just as much art as it is numismatics. It's the two worlds colliding to where you would have collectors who were not in the hobby 5 years ago, snapping these beauties up at break-neck record pricing. It's not just about type or key dates anymore, there's many other subtypes to numismatics. In some way, I owe some of it to the gen-x/y folks in their 20's and 30's paving the way into more diverse collecting. A wave into the future, and probably a necessary change in order for this hobby to thrive for future generations.


    Where were all these toned Morgan's 35 years ago? I don't remember seeing them at coin shops or any of the big shows I went to. I remember seeing blast white Morgans but not monster toning. Does anyone have any auction catalogs from 1979 or earlier that shows a monster toned Morgan with this type of color? Did these coins tone in the last 30 years?

    Someone educate me.

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    ZoinsZoins Posts: 34,489 ✭✭✭✭✭
    This would be a steal at $600. I could see at least $2,000+ and likely much higher, e.g. $3-5k, so $6 isn't unreasonable for someone that really wanted it.
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    rte592rte592 Posts: 2,238 ✭✭✭✭✭
    Originally posted by: oih82w8

    watchcount.com will reveal the Best Offer Price the item sold for...just copy the ebay item number and "presto"...purchase price revealed.



    Sold for $6,000




    Thanks for the link....Learn something new everyday, whether I know it or not.

    I price checked a 100 ounce CMI bar that sold for spot.



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    roadrunnerroadrunner Posts: 28,374 ✭✭✭✭✭
    Where were all these toned Morgan's 35 years ago? I don't remember seeing them at coin shops or any of the big shows I went to. I remember seeing blast white Morgans but not monster toning. Does anyone have any auction catalogs from 1979 or earlier that shows a monster toned Morgan with this type of color? Did these coins tone in the last 30 years?



    Someone educate me.







    I don't know about 35 yrs ago but I do recall when I was doing a show a week back in the 1988-1989 period (25 years ago) that there were guys that specialized in these and had dozens of them in their cases. I recall buying a couple myself out of Teletrade in 1988.



    I could say the same thing about better date choice/gem unc S and O mint seated quarters back in the 1980's, 30 years ago. They were like hen's teeth. I probably saw a half dozen pieces during that entire decade. But, as the TPG's geared up and prices increased, more of these were drawn out of the woodwork from 1988-2008. These days there will be a dozen or more pieces crossing the auction block each year. And the pops have increased dramatically. I stopped collecting them by 1989 because there was just not enough availability. I never saw 1871-s and 1872-s quarters for sale back in the 1970's. They were all squirreled away for the most part as the catalog prices were too low to bring them out. Today that has changed. If you want one tomorrow, all it takes is having the cash.



    I suspect that rising prices, a new found interest in Morgan "toners" has helped to draw these out. Who was going to sell their hoard or collection of them when premiums were still quite small 25-40 years ago? If you judge what existed in the market by what showed up at your local B&M, you'd come to the conclusion that nothing really nice or rare ever comes on the markets. Go the national auctions and major bourse floors and your opinion would change. As long as these coins sat in original bags, there would be "toners" coming out. 4 years ago a dealer I know got to pick a dozen rolls out of an original bag. There were several high level toners in that group.



    I don't doubt that there are people also creating "toners." I have no idea what % of those on the market is from them. 30-40 years ago DMPL Morgans never showed up in my local shops. I had probably never even seen one until attending my first major coin show. You would have thought they were incredibly rare based on local availability. The premiums they fetched weren't nearly as large as they are today. But the pops continue to grow even today. Who would have guessed 35 yrs ago that this many DMPLs were actually out there? Anyone looking at a pop report back in 1988 would have been astonished at seeing one from today. Tons of nice and scarce stuff has come out of the woodwork over 35 yrs.



    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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    kookoox10kookoox10 Posts: 538 ✭✭✭
    Originally posted by: roadrunner
    Where were all these toned Morgan's 35 years ago? I don't remember seeing them at coin shops or any of the big shows I went to. I remember seeing blast white Morgans but not monster toning. Does anyone have any auction catalogs from 1979 or earlier that shows a monster toned Morgan with this type of color? Did these coins tone in the last 30 years?

    Someone educate me.



    I don't know about 35 yrs ago but I do recall when I was doing a show a week back in the 1988-1989 period (25 years ago) that there were guys that specialized in these and had dozens of them in their cases. I recall buying a couple myself out of Teletrade in 1988.

    I could say the same thing about better date choice/gem unc S and O mint seated quarters back in the 1980's, 30 years ago. They were like hen's teeth. I probably saw a half dozen pieces during that entire decade. But, as the TPG's geared up and prices increased, more of these were drawn out of the woodwork from 1988-2008. These days there will be a dozen or more pieces crossing the auction block each year. And the pops have increased dramatically. I stopped collecting them by 1989 because there was just not enough availability. I never saw 1871-s and 1872-s quarters for sale back in the 1970's. They were all squirreled away for the most part as the catalog prices were too low to bring them out. Today that has changed. If you want one tomorrow, all it takes is having the cash.

    I suspect that rising prices, a new found interest in Morgan "toners" has helped to draw these out. Who was going to sell their hoard or collection of them when premiums were still quite small 25-40 years ago? If you judge what existed in the market by what showed up at your local B&M, you'd come to the conclusion that nothing really nice or rare ever comes on the markets. Go the national auctions and major bourse floors and your opinion would change. As long as these coins sat in original bags, there would be "toners" coming out. 4 years ago a dealer I know got to pick a dozen rolls out of an original bag. There were several high level toners in that group.

    I don't doubt that there are people also creating "toners." I have no idea what % of those on the market is from them. 30-40 years ago DMPL Morgans never showed up in my local shops. I had probably never even seen one until attending my first major coin show. You would have thought they were incredibly rare based on local availability. The premiums they fetched weren't nearly as large as they are today. But the pops continue to grow even today. Who would have guessed 35 yrs ago that this many DMPLs were actually out there? Anyone looking at a pop report back in 1988 would have been astonished at seeing one from today. Tons of nice and scarce stuff has come out of the woodwork over 35 yrs.



    Now would the bags create the toning or the sulfur from the rolls produce the color? Or a combination of both?

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    braddickbraddick Posts: 25,195 ✭✭✭✭✭
    Originally posted by: hchcoin
    Congrats to the seller. Nice looking toning.

    And congratulations to the new buyer as it is a delightfully beautiful coin.
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    BillJonesBillJones Posts: 35,977 ✭✭✭✭✭
    I'm glad I don't have "toner disease."
    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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    ElmerFusterpuckElmerFusterpuck Posts: 4,916 ✭✭✭✭✭
    Look at Wayne Miller's "The Morgan and Peace Dollar Textbook" from 1983 to see some beautiful toned Morgans. I saw nice toners myself at various shows in the early and mid-80's. Granted more have come out of the wooodwork since then, along with many an example that has been helped, but I have yet to see a monster bag toner that has been faked well. Some claim they can reproduce those colors and/or patterns, but the photographic evidence is sorely lacking so far.



    As long as the buyer is happy with their purchase, why should we care if they overpaid or not? He/she didn't take the money from our accounts to fund it.
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    JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    Originally posted by: BillJones

    I'm glad I don't have "toner disease."




    We all rejoice in this fact. Some love living in a beige world





    mark
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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    johnny9434johnny9434 Posts: 34,408 ✭✭✭✭✭
    i hope there getting enough to at least cover there shipping.
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    roadrunnerroadrunner Posts: 28,374 ✭✭✭✭✭
    A guide on toner Morgans for those who are limited to $200



    I gather from the reading that these guys estimate there are 625-1875 mid to high end toner Morgans in existence. True monsters number 200 or less. Out of millions of BU dollars, this isn't a whole lot. Good web site to book mark, especially with some of Sunnywood's color progression information listed.



    Grey Reynolds' March 2011 article on toner Morgans



    This taken from the above article:



    In Oyster’s experience, a “MS-62 to MS-65” grade, “common date Morgan” with “real pretty toning will sell for “$500 to $1000 more than a white one.” The 1881-S issue is certainly a common date. For the most part, Rich Uhrich agrees with Oyster, “for MS-65 common dates, very attractive bag toners often sell for $500 more, sometimes even for a $1500 premium. A very attractive MS-64 1881-S toner could sell for a $600 to $800 premium, though some toners will sell for a lot less. A monster six could sell for $1500 over the price for a white [MS-66 grade] 1881-S Morgan,” Rich explains.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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    kookoox10kookoox10 Posts: 538 ✭✭✭
    That Jhon E. Cash site is pretty amazing. Learned everything I could just from that site alone.
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    BochimanBochiman Posts: 25,790 ✭✭✭✭✭
    Every time I hear the "when I was collecting coins 30, 40, 50 years ago, I didn't see these "mega" toners then" (ie...they must not have existed then, so the, not so hidden, thought is that they are all AT in some regard)....



    Well, how many coins did one actually seen back then? How many individual coins (ie...not retreads by saying 1000 at this show and another 1000 at a show 6 months later that had many of the same dealers/coins with only some changed out)?



    Then, location and dealers come into play.





    Now, we have the ..... INTERNET .... and PHOTOS that can clearly show coins and colors....things that didn't exist back then. Even photos were nowhere near what we have now. We also have more traveling with shows (dealers/collectors) and a reason to sell toners to an audience that wants to buy them...at higher prices....when that wasn't likely the case back then (given how the GSA treated toned coins.....GASP...I guess there were some of these coins toned like that a long time ago!!!! image )

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

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    roadrunnerroadrunner Posts: 28,374 ✭✭✭✭✭
    Originally posted by: Bochiman

    .....GASP...I guess there were some of these coins toned like that a long time ago!!!! image )






    Exactly. NGC assigned "stars" to 1,359 of the Battle Creek dollars in 2005. Those fresh coins weren't even available to the market 12 years ago, let alone 35 years ago. Ironically, the dealers that bid on that 10 bag deal had no clue there were high end toners in there. And there are still fresh groups of coins out there. Of course, all the bidders at the Battle Creek auction and sales were "insane." image



    NGC on Battle Creek coin history



    20th century Morgan dollar releases by the USTreasury



    A lot of potential toners had to come from those mammoth releases. Then add in the 1600 bags from Redfield and Continental Bank.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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    3keepSECRETif2rDEAD3keepSECRETif2rDEAD Posts: 4,285 ✭✭✭✭✭
    Originally posted by: kookoox10
    That Jhon E. Cash site is pretty amazing. Learned everything I could just from that site alone.


    ...SERIOUSLY! Very Impressive Indeed!

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    drei3reedrei3ree Posts: 3,430 ✭✭✭✭
    Ridiculous! A fool and her money...
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    BAJJERFANBAJJERFAN Posts: 31,679 ✭✭✭✭✭
    Originally posted by: Bochiman

    Every time I hear the "when I was collecting coins 30, 40, 50 years ago, I didn't see these "mega" toners then" (ie...they must not have existed then, so the, not so hidden, thought is that they are all AT in some regard)....



    Well, how many coins did one actually seen back then? How many individual coins (ie...not retreads by saying 1000 at this show and another 1000 at a show 6 months later that had many of the same dealers/coins with only some changed out)?



    Then, location and dealers come into play.





    Now, we have the ..... INTERNET .... and PHOTOS that can clearly show coins and colors....things that didn't exist back then. Even photos were nowhere near what we have now. We also have more traveling with shows (dealers/collectors) and a reason to sell toners to an audience that wants to buy them...at higher prices....when that wasn't likely the case back then (given how the GSA treated toned coins.....GASP...I guess there were some of these coins toned like that a long time ago!!!! image )




    IIRC, some time back HRH said that you'd be lucky to find more than a few really nice ones in an original mint bag. Maybe he'll chime in here.
    theknowitalltroll;
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    kookoox10kookoox10 Posts: 538 ✭✭✭
    So I have to share this one because it's my first toner experience. It's not a swirl of color like photo in the OP, or one of the Cash examples, but what I like most about it is the great example of cabinet friction. It's got what I think is pleasing colors and the possibility of this spending a good deal of its time in grandma's dresser makes it interesting. And I didn't have to take out a second mortgage to buy it!! Anyone else have some "low budget" toners to share? And not just Morgans either.
    image

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    JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    Originally posted by: 3keepSECRETif2rDEAD

    Originally posted by: kookoox10

    That Jhon E. Cash site is pretty amazing. Learned everything I could just from that site alone.




    ...SERIOUSLY! Very Impressive Indeed!







    It's a shame they don't do coins anymore since Brandon left



    mark
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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    ZoinsZoins Posts: 34,489 ✭✭✭✭✭
    Originally posted by: roadrunner
    A guide on toner Morgans for those who are limited to $200

    I gather from the reading that these guys estimate there are 625-1875 mid to high end toner Morgans in existence. True monsters number 200 or less. Out of millions of BU dollars, this isn't a whole lot. Good web site to book mark, especially with some of Sunnywood's color progression information listed.


    Since parting ways with Jhon E. Cash, Brandon has recreated his coin pages on his own site:

    Brandon Kelley's Best of Yesterday Collectibles
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    BochimanBochiman Posts: 25,790 ✭✭✭✭✭
    Originally posted by: BAJJERFAN

    Originally posted by: Bochiman

    Every time I hear the "when I was collecting coins 30, 40, 50 years ago, I didn't see these "mega" toners then" (ie...they must not have existed then, so the, not so hidden, thought is that they are all AT in some regard)....



    Well, how many coins did one actually seen back then? How many individual coins (ie...not retreads by saying 1000 at this show and another 1000 at a show 6 months later that had many of the same dealers/coins with only some changed out)?



    Then, location and dealers come into play.





    Now, we have the ..... INTERNET .... and PHOTOS that can clearly show coins and colors....things that didn't exist back then. Even photos were nowhere near what we have now. We also have more traveling with shows (dealers/collectors) and a reason to sell toners to an audience that wants to buy them...at higher prices....when that wasn't likely the case back then (given how the GSA treated toned coins.....GASP...I guess there were some of these coins toned like that a long time ago!!!! image )




    IIRC, some time back HRH said that you'd be lucky to find more than a few really nice ones in an original mint bag. Maybe he'll chime in here.






    I stand by my comments....



    To your point, I would ask:

    How many bags were there?

    What is the definition of "really nice ones"?



    10s of bags? 100s? 1000s? A "few really nice ones in an original mint bag" can add up....that's all I'm saying.



    The shows I go to have some dealers with some nice, megatoned, morgans, but most do not. These dealers often do more than just regional show buying. Getting out there and looking at these in many different locations helps.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

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    TheDukeKTheDukeK Posts: 359 ✭✭✭
    And where is that one?
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    crump41crump41 Posts: 119 ✭✭✭
    To me, it is worth the 6k. Why? Because everytime I would pull it out a huge smile would be on my face. Way more than looking at a 93S in xf, a 184X half eagle in Au or a coin graded a + higher than most of its peers.

    To me, that is what this hobby is all about.
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    kookoox10kookoox10 Posts: 538 ✭✭✭
    Originally posted by: crump41
    To me, it is worth the 6k. Why? Because everytime I would pull it out a huge smile would be on my face. Way more than looking at a 93S in xf, a 184X half eagle in Au or a coin graded a + higher than most of its peers.

    To me, that is what this hobby is all about.


    Great! Are you the new owner?

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    crump41crump41 Posts: 119 ✭✭✭
    No, just a admirer of toned Morgans. That one in particular has always been one of my favorites.
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    hchcoinhchcoin Posts: 4,843 ✭✭✭✭✭
    Originally posted by: Bochiman
    Every time I hear the "when I was collecting coins 30, 40, 50 years ago, I didn't see these "mega" toners then" (ie...they must not have existed then, so the, not so hidden, thought is that they are all AT in some regard)....

    Well, how many coins did one actually seen back then? How many individual coins (ie...not retreads by saying 1000 at this show and another 1000 at a show 6 months later that had many of the same dealers/coins with only some changed out)?

    Then, location and dealers come into play.


    Now, we have the ..... INTERNET .... and PHOTOS that can clearly show coins and colors....things that didn't exist back then. Even photos were nowhere near what we have now. We also have more traveling with shows (dealers/collectors) and a reason to sell toners to an audience that wants to buy them...at higher prices....when that wasn't likely the case back then (given how the GSA treated toned coins.....GASP...I guess there were some of these coins toned like that a long time ago!!!! image )


    My question still stands. Can someone show me an auction catalog from 1979 or earlier with a bunch of these mega toners? I am not saying they were not there, I just don't remember themimage

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