I thought about a bid on this Morgan with color,

kimber45ACP · March 22, 2013 11:03PM

if I could get it for a decent price. I missed the auction and looked it up to see the hammer.
A little out of my league for what it went for.

1880-S in MS66 goes for 7K

lkeigwin · March 22, 2013 11:09PM

Crazy. 20 x price guide. For one of the most common dates. In full color, like thousands of other Morgans.
Lance.

AnkurJ · March 22, 2013 11:13PM

Pretty coin!

joeykoins · March 22, 2013 11:22PM

Nice!

ricko · March 22, 2013 11:47PM

UN-believable...Cheers, RickO

BAJJERFAN · March 22, 2013 11:58PM

<< UN-believable...Cheers, RickO >>

What is, the coin or the price? Frankly, I'd rather have that one than a box of 20 of the blast white widgets like the one I just sold. With that coin, I could look at it for a long time and turn it in the light and admire all of the neat colors. With a blast white widget, it's about 5 seconds and meh.

halfhunter · March 23, 2013 12:25AM

Beautiful colors ! ! !

BUT . . .

If that coin was stripped of it's color it would grade at best maybe 63?

HH

BAJJERFAN · March 23, 2013 12:32AM

<< Beautiful colors ! ! !

BUT . . .

If that coin was stripped of it's color it would grade at best maybe 63?

HH >>

Dunno. To me colored coins like that are hard to grade. Hard to believe that several recent sets of expert eyes all missed by THAT MUCH tho.

etexmike · March 23, 2013 12:33AM

I love toned Morgan dollars and this is a beauty.

The price is just a bit on the steep side for my budget.

Mike

CommemDude · March 23, 2013 12:42AM

I recall a dealer telling me he bought a Morgan like that for 700 at a Baltimore show, flipped it for 1200 to a dealer who flipped it for 2200 to another dealer who sold it to a customer for 3000 all in the same day. I am not personally seeing 7000 worth of coin there..but the market rules as long as the underbidder is not a potted plant

410a · March 23, 2013 12:43AM

I've been around too long. It is my opinion that the coin is a colorful widget. I would not value it higher than $300. The fact of the matter is you bid and buy that coin and regardless of that toning it is still a common coin. Placing thousands of dollars in a common coin is folly. This coin market is increasingly dangerous to buy in and that coin is a prime example of why. The why is created by making a market in color, stickers, plus signs, color of stickers, toning, "*" astericks which narrows down the supply. This narrowing of supply creates a false market and that market meets the ever decreasing supply of collectors.
We are going to experience fewer and fewer end buyers if people are talked into or believe that "sizzle" is the way to buy. Sizzle i.e. another way of buying something other than the product. Color coin is a 1980s phenom and died then too. That coin is pretty and pretty common.

BAJJERFAN · March 23, 2013 12:43AM

<< I recall a dealer telling me he bought a Morgan like that for 700 at a Baltimore show, flipped it for 1200 to a dealer who flipped it for 2200 to another dealer who sold it to a customer for 3000 all in the same day. I am not personally seeing 7000 worth of coin there..but the market rules as long as the underbidder is not a potted plant

>>

Smoebody overpaid by $2300 I'd say.

bestclser1 · March 23, 2013 12:50AM

I would have gone 4500 if i had it!I also saw the coin in hand!

bestclser1 · March 23, 2013 12:51AM

<< 

<< I recall a dealer telling me he bought a Morgan like that for 700 at a Baltimore show, flipped it for 1200 to a dealer who flipped it for 2200 to another dealer who sold it to a customer for 3000 all in the same day. I am not personally seeing 7000 worth of coin there..but the market rules as long as the underbidder is not a potted plant

>>

Smoebody overpaid by $2300 I'd say.

>>

Were you the underbidder?

Bochiman · March 23, 2013 12:52AM

<< Beautiful colors ! ! !

BUT . . .

If that coin was stripped of it's color it would grade at best maybe 63?

HH >>

Wow! You can tell that by just the photo?

bestclser1 · March 23, 2013 1:02AM

See it in-hand,its special,but not 7K special.JMO

vibr0nic · March 23, 2013 1:24AM

>>

Were you the underbidder? >>

No, that would be me, Lloyd. I can't believe there was a bigger dummy than me willing to pay that much for the coin!

halfhunter · March 23, 2013 1:25AM

Hope this shows . . .

Just sure seems to have a lot of dings for a 66 to me but that was why I put a ? mark at the end of my above statement.

HH

coinbuf · March 23, 2013 1:44AM

<< 

<< Beautiful colors ! ! !

BUT . . .

If that coin was stripped of it's color it would grade at best maybe 63?

HH >>

Wow! You can tell that by just the photo? >>

While I will not say the it would drop to a 63 the photo certainly shows alot of abrasions in the fields which would limit the grade at 64 for me. But the grade did not sell the coin as you can find 67's with color for less than this sold for, personaly I dont find it very attractive and whoever bought this coin is now buried for life in it, jmho.

Constantine · March 23, 2013 1:47AM

It's a pretty coin, but not 7k.

BAJJERFAN · March 23, 2013 1:57AM

<< 

<< 

<< I recall a dealer telling me he bought a Morgan like that for 700 at a Baltimore show, flipped it for 1200 to a dealer who flipped it for 2200 to another dealer who sold it to a customer for 3000 all in the same day. I am not personally seeing 7000 worth of coin there..but the market rules as long as the underbidder is not a potted plant

>>

Smoebody overpaid by $2300 I'd say.

>>

Were you the underbidder? >>

No, didn't even know about it. To me something is only worth what someone else is willing to sell it for. Most of the other players in line just add cost. Playing musical tables with that toned coin and adding $2300 in cost is just silly. Then again, the first seller likely left $2300 on the table.

410a · March 23, 2013 2:42AM

That coin is a LOCK as an MS 64. The coin and its color has it garnering a "market grade" of MS 66 with an eye appeal bean. At 7 large a serious mistake has taken place.

Varigated colors throughout adorn the metal pallet, fully struck as is typical of this date, but with a vibrant red, orange, blue green hues comanding the beholder to stare in wonderment of such a sublime example. ....................Sizzle, sizzle, sizzle.

Prediction 2015; Dealer nice coin what are you looking to get out of it? Collector investor; Well, I paid 7 large and what with inflation and all I'm thinking $9,000. Dealer: Son, the one thing your not doing is thinking. I can pay ten back of bid, really that's more than I want to be into it for. What do you say to $270. ? Collector Investor; What ? you are a crook! Dealer; OK Johnny move along now.

BAJJERFAN · March 23, 2013 2:54AM

<< I've been around too long. It is my opinion that the coin is a colorful widget. I would not value it higher than $300. The fact of the matter is you bid and buy that coin and regardless of that toning it is still a common coin. Placing thousands of dollars in a common coin is folly. This coin market is increasingly dangerous to buy in and that coin is a prime example of why. The why is created by making a market in color, stickers, plus signs, color of stickers, toning, "*" astericks which narrows down the supply. This narrowing of supply creates a false market and that market meets the ever decreasing supply of collectors.
We are going to experience fewer and fewer end buyers if people are talked into or believe that "sizzle" is the way to buy. Sizzle i.e. another way of buying something other than the product. Color coin is a 1980s phenom and died then too. That coin is pretty and pretty common. >>

Why is paying up for a nice eye appealing attractively toned coin any sillier than paying thousands for an even sillier VERY VERY VERY COMMON one ounce of $35 silver just because it happens to be in a fancy piece of plastic with an even fancier piece of paper inside? At least the owner of this toner won't be back writhing in pain and gnashing his teeth because his coin got milky spots on it. To each his/her/their own. If I got the money and I wanna own the coin and I aint depriving anyone of any necessities then who cares?

coindeuce · March 23, 2013 2:59AM

Vanity and pride have their price.

golden · March 23, 2013 3:44AM

To each his own,but I just do not like those type of Morgans.

gemtone65 · March 23, 2013 4:15AM

Some collect by date, others by variety, and still others by beauty. To those in the latter category, this coin is anything but common. You can go to a regional or national coin show with 1000+ dealers and tables and have only a small chance of finding a single piece this attractive with these spectacular colors. Check the auction catalogues, including all the on-line auctions, for the past few years, and you're not likely to turn up 10 pieces with such beautiful colors on a gem graded coin. Of those 10 pieces, only a few would be superior to this piece, an devn then not by much. Frankly, I don't recall any such coin, and I see them all. Pieces like this are becoming very hard to locate. when someone owns one, they are very reluctant to sell, with good reason.

Admittedly, on this coin there are some marks on the obverse and a fingerprint on the reverse which we're not used to seeing on a PCGS66 coin, let alone one with the CAC sticker. But, I've also noticed a few other spectacularly toned coins offered at auctions over the past few years which seem to have been bumped a grade for the colors. Maybe standards are changing.

Anyway, I was the high internet bidder on this coin at about $4200 (with the BP). There was a mail bid around $4350, so that's where the floor bidding began. I stayed active for the first two live bid rounds, and then gave up as the bididng shot past $5000 on its way to $7000.

What is this coin worth and what is its future potential? Well, we know what it's worth today, but who knows it's potential is for price appreciation? What I can tell you is that people like many of those who commented before me have been saying these coins are common, overpriced, bad investments, etc., ever since I started collecting them at $150 apiece in 1997. And now, 16 years later and 200+ pieces similar to this level of beauty in my collection, I can only hope they continue to disparage this collecting area of our hobby.

vibr0nic · March 23, 2013 4:44AM

Book value is irrelevant. Sure, a nice white version of this coin that has tens of thousands of clones is worth $300 or so. That kind of coin can be bought by the gross. This coin, and similar coins like it, cannot. In my opinion the toning/tarnish on this coin makes it rare, unique and vastly more appealing - all of which increase value to many collectors. Exactly how much value is determined by the market, which can ADMITTEDLY be loopy sometimes when it comes to rare toners. All we know for certain is exactly what the coin sold for yesterday.

rainbowroosie · March 23, 2013 5:47AM

It is worth what someone will pay. Clearly there was an under bidder. I really like it.

TireKicker · March 23, 2013 6:52AM

That is a great looking coin...I am not sure it is 7K worth of great looking, but it is very nice!

Justlooking · March 23, 2013 7:02AM

Nice, but I've seen nicer ones go for the same or less.

metalmeister · March 23, 2013 7:05AM

Why don't I get these bidders on my feebay coins

al410 · March 23, 2013 7:12AM

This say's it all.
Posted by BAJJERFAN

"Why is paying up for a nice eye appealing attractively toned coin any sillier than paying thousands for an even sillier VERY VERY VERY COMMON one ounce of $35 silver just because it happens to be in a fancy piece of plastic with an even fancier piece of paper inside? At least the owner of this toner won't be back writhing in pain and gnashing his teeth because his coin got milky spots on it. To each his/her/their own. If I got the money and I wanna own the coin and I aint depriving anyone of any necessities then who cares? "

AL

BAJJERFAN · March 23, 2013 7:20AM

<< This say's it all.
Posted by BAJJERFAN

"Why is paying up for a nice eye appealing attractively toned coin any sillier than paying thousands for an even sillier VERY VERY VERY COMMON one ounce of $35 silver just because it happens to be in a fancy piece of plastic with an even fancier piece of paper inside? At least the owner of this toner won't be back writhing in pain and gnashing his teeth because his coin got milky spots on it. To each his/her/their own. If I got the money and I wanna own the coin and I aint depriving anyone of any necessities then who cares? "

AL >>

Yah, he is jiss sich a wise ol bear, kinda like Abe.

I thought about a bid on this Morgan with color,

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