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Poll: How much would a fool pay for this toned Morgan?
TopographicOceans
Posts: 6,535 ✭✭✭✭
I've got eBay bucks to spend and I've had this coin on my watch list for a couple of months.
It's a PCGS MS63
I like the colors on it, but it does have a lot of marks on the face, cheek and neck
That along with the price has been making me hesitate on pulling the trigger.
Who knows, now maybe one of you will buy it and make my decision easier
The pricing on toned coins is pretty wild and is much more like art than technical coin prices.
The price guide on this MS63 is $64
At what price do you think it becomes stupid money?
It's a PCGS MS63
I like the colors on it, but it does have a lot of marks on the face, cheek and neck
That along with the price has been making me hesitate on pulling the trigger.
Who knows, now maybe one of you will buy it and make my decision easier
The pricing on toned coins is pretty wild and is much more like art than technical coin prices.
The price guide on this MS63 is $64
At what price do you think it becomes stupid money?
0
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My vote would be much higher if there's an S on the reverse.
That is what I was looking for as well...but not for the OP price
BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
As for reality, the underlining coin was probably an MS-63 that has since seen some time in an "easy bake oven."
Practice makes perfect & nobody is perfect. So, practice being nobody.
I am not a fan of the color or what's underneath the color. It's amazing that I virtually never saw coins with this look when I collected Morgans in the 1990s. When toning started to become a big money maker, dealers & collectors did all sorts of things to tone their common date BU Morgans- put them in paper envelopes, in albums, on windowsills, in a pile of Taco Bell napkins, etc.- and there is now a flood of colorful coins on the market that were blasty white roll coins just 20 years ago. MS63 Morgans are worth $40, and this coin has a bad enough cheek to be an MS62- so I'd pay about $25 for it. I didn't vote in the poll because it only went down to $100. I am well aware that my suggested prices are far below what others are paying.
It should be noted that I collect pretty toned proof Type. I seldom pay any premium at all for nice color. It only becomes a major factor when a proof Barber or Seated coin has unimaginable color and resides in a PR67 or PR68 holder. Why are MS62, common, junk-date Morgans worth a 10X premium when they tone nicely? I feel like putting a roll of 1881-S dollars on my sunny windowsill here in Texas, with different kinds of paper underneath them, to see if I hit the toner lottery.
Practice makes perfect & nobody is perfect. So, practice being nobody.
For a perspective, I got this MS-65 for quite a bit less than the OP's coin. Not a monster by any stretch, but lustrous and very attractive in hand.
10-4,
My Instagram picturesErik
My registry sets
The coin won't look like that in hand, I'd bet money on it. I take photos and can tell from the image...
I adjusted the white balance... Still didn't make any improvement worth uploading and posting.
It's not AT. Good color lines around the rim. Decent coin. Prolly $250 to the right person.
Perhaps so, but I don't like that color one bit.
http://www.greatcollections.co...GS-Genuine-Unc-Details
Second, consider this: the coin could actually be NT. Shotgun end-roll toning where the paper folds curled over the edges. That is why the toning is not as progressed at the rims and has an "opposite" progression.
Just food for thought. I am a toning watchdog and I calls them as I sees them. I am skeptical, but honest and present both sides where applicable. This is a coin that could go either way.
bob
First, you need to consider the fact that that particular Morgan was once in a Questionable Color holder with PCGS. Sold here on GC as an AT piece:
http://www.greatcollections.co...GS-Genuine-Unc-Details
Second, consider this: the coin could actually be NT. Shotgun end-roll toning where the paper folds curled over the edges. That is why the toning is not as progressed at the rims and has an "opposite" progression.
Just food for thought. I am a toning watchdog and I calls them as I sees them. I am skeptical, but honest and present both sides where applicable. This is a coin that could go either way.
machoponcho, Wow that was some really great detective work on your part
Anyway, that may be another reason to not stretch too far on the price.....
I wouldn't attach much of a premium to it.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
I've got eBay bucks to spend and I've had this coin on my watch list for a couple of months.
It's a PCGS MS63
I like the colors on it, but it does have a lot of marks on the face, cheek and neck
That along with the price has been making me hesitate on pulling the trigger.
Who knows, now maybe one of you will buy it and make my decision easier
The pricing on toned coins is pretty wild and is much more like art than technical coin prices.
The price guide on this MS63 is $64
At what price do you think it becomes stupid money?
Stupid money is not what I would pay. If a person wanted to "dump" it, he ought to. If he wanted to parade it, then he could do that, as well. But, if he wanted to collect it , it would not be paraded or put under public scrutiny in my humblest opinion. Just saying mate. In essence, this thread is good advertising for the seller, just the same.
Good luck to him and may the road rise to meet those soles on the way to the bank of whomever enjoys it most. Buyer/Seller/Spectator… I like the color and added drama this place brings to it more than the added value of the brand.
Practice makes perfect & nobody is perfect. So, practice being nobody.
First, you need to consider the fact that that particular Morgan was once in a Questionable Color holder with PCGS. Sold here on GC as an AT piece:
http://www.greatcollections.co...GS-Genuine-Unc-Details
Second, consider this: the coin could actually be NT. Shotgun end-roll toning where the paper folds curled over the edges. That is why the toning is not as progressed at the rims and has an "opposite" progression.
Just food for thought. I am a toning watchdog and I calls them as I sees them. I am skeptical, but honest and present both sides where applicable. This is a coin that could go either way.
Thanks for all your input - especially machoponcho for his great detective work
The current owner is asking $749 on eBay
That is a lot of money for an 1884-O dollar which known to be a date that was well struck and available in attractive condition. Under the color this is a $50 coin on the Gray Sheet. The extra $699 seems like a high price for a tint that some find to unatractive and qestionable. To the newer collectors, you should take these comments under consideration before you make a commitment. "One way" purchases are not fun in the long run.
Melt. OK, seriously, the coin does nothing for me.
+1
The coin won't look like that in hand, I'd bet money on it. I take photos and can tell from the image...
That coin will likely be quite dark and drab in-hand.
The only toning for me is the natural silver tendency to darken over time. All that color hides the facial marks and looks like a circus token.
"Just because you were born on 3rd base doesn't mean you hit a triple"
Seller was a member here but I haven't seen him post lately come to think of it.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
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Sorry, nothing special about this coin in my eyes.
While I generally promote collect what you like, this would be an example I'd suggest be avoided.
Former CoFounder of Choice Numismatics
All of my collection is in a safe deposit box!
I was watching it hoping it would go down or have a best offer. I have some toned coins in a watch list and in the small picture it seemed to stand out
There are some real pretty ones out there, but people want $1,000+ for them which is something I'm not willing spend, even with $500 off with eBay bucks.
I am not a fan of the color or what's underneath the color. It's amazing that I virtually never saw coins with this look when I collected Morgans in the 1990s. When toning started to become a big money maker, dealers & collectors did all sorts of things to tone their common date BU Morgans- put them in paper envelopes, in albums, on windowsills, in a pile of Taco Bell napkins, etc.- and there is now a flood of colorful coins on the market that were blasty white roll coins just 20 years ago. MS63 Morgans are worth $40, and this coin has a bad enough cheek to be an MS62- so I'd pay about $25 for it. I didn't vote in the poll because it only went down to $100. I am well aware that my suggested prices are far below what others are paying.
It should be noted that I collect pretty toned proof Type. I seldom pay any premium at all for nice color. It only becomes a major factor when a proof Barber or Seated coin has unimaginable color and resides in a PR67 or PR68 holder. Why are MS62, common, junk-date Morgans worth a 10X premium when they tone nicely? I feel like putting a roll of 1881-S dollars on my sunny windowsill here in Texas, with different kinds of paper underneath them, to see if I hit the toner lottery.
I dig this post and enjoyed reading it!In the matter of taste, there is no dispute.
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