A question for you toned Morgan collectors.

relicsncoins · March 6, 2015 2:11PM

How do you price crescent toned Morgans. If you have a nice crescent that covers 50%, how much of a premium does it add? Also, all things being equal as far as grade goes, what if the crescent is on the obverse vs. reverse.

Bochiman · March 6, 2015 2:18PM

I have some, and have purchased some.
Can't give you an exact, but I look at how common that year/MM is for toning when I think of pricing....then, I also look at the colors and luster.
Obverse is almost always worth more.

I can see 100-300% (what I have paid before) being an easy approximation, depending on grade/color/commonality.....on up to what I, personally, don't pay, which could be 10x+ of what a "normal", nice, one would run.

Unknown · March 6, 2015 2:29PM

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3keepSECRETif2rDEAD · March 6, 2015 2:48PM

I found that the kind of Morgan toners that I like are, or must be looked at by a majority of buyers as "ugly toners." Cause I buy most (not all) of them at wholesale prices...and most (not all) get CAC stickers

Erik

relicsncoins · March 6, 2015 3:04PM

Here is an example. This coin had an old NCI photo certificate that had it graded MS65/65. I sent it in thinking it would get an MS64 and it came back MS65+. I was pleasantly surprised. It has a really nice crescent on the reverse. What kind of premium does a coin like this bring over an MS65+ without toning?

SeattleSlammer · March 6, 2015 3:22PM

Pretty toner. It already had the nice rim tones and luster going for it. It's so subjective but adding that reverse crescent does add value to most. Probably somewhere between an extra $50-$200....IMO. That range increases quite a bit with the same color on the obverse.

But alas there's no hard formula for these things (thankfully!). Of course some here won't pay a nickel more even if the coin is a moose toner (generally those are sad and cheerless people

). Others would pay more than you'd even think possible given the right circumstances.

Bochiman · March 6, 2015 4:36PM

That morgan...not a lot of premium, imho. Some? yes. A lot? No.
1881-S...they come nice. Even have toning.

It is a nice crescent tone. The fingerprint on the obverse, to me at least, detracts from the value.
Slammer is probably close to what I would say as well...maybe $50 extra

TopographicOceans · March 6, 2015 4:55PM

Reverse toners do command less of a premium, but all toned Morgan's are priced just like art.

The prettier it is to the viewer, the more they will pay.

ricko · March 7, 2015 12:15AM

There is (as has been said) no set formula for tarnished coins....the more iridescent it is, the more the premium. Some, such as myself, will not pay any premium for tarnished coins. I will avoid them if at all possible. And contrary to what SeattleSlammer may think, I am not a 'sad and cheerless' person...

Quite the opposite in fact....Next time I am in Seattle we should have a glass of wine...Cheers, RickO

david3142 · March 7, 2015 5:01AM

I have been collecting Morgans and all rainbow toned coins for more than a decade. I will pay a lot for really vibrant coins, but not all types of toning interest me. The example you have looks nice but I'm not crazy about the obverse. It is so easy to find a nice 81-S that I would pass, but as a seller I would expect about $50 extra as others have mentioned, so about $225 would be a fair price.

The range for nice coins is tremendous. I have personally bid $1800 on a common date 63+ and sadly watched the coin blow past that and sell for $2400. It takes looking at a lot of coins and figuring out your own preferences to hone your pricing skills. Look at results from Legend and others to get an idea of what the top coins can bring, but bear in mind that at the highest levels, the market is dominated by a very small group of people. Also, it is hard to tell luster in photographs and that can make a huge difference in price. Some coins have great color, but if there isn't much luster, it brings down the value dramatically.

relicsncoins · March 7, 2015 5:29AM

Thanks for the great replies. Here is my only other crescent toned Morgan. This coin grades lower, but the colors are very vibrant, and the luster is explosive. I think the eye appeal is better even though it grades a full point + lower.

david3142 · March 7, 2015 6:50AM

82-S's come nice don't they? I also like this one more than the other and in a 64 holder this coin would sell for $125 or so. My flashiest coin is an 82-S as well.

A question for you toned Morgan collectors.

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