Would you pay 1.5x price guide for this tarnished common Morgan dollar?
KollectorKing
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KollectorKing
Posts: 4,820 ✭✭✭✭✭
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I’m guessing that’s not a very flattering picture and $180-$200 seems about right.
Most likely.
That's a coin for someone new to Morgan toners. They will pay a premium for having their first "rainbow textile toner" that won't break the bank. Would I or any other more advanced collector of Morgan toners buy it, and for a premium, most likely not.
Nothing too special. Might carry a little premium.
I would not pay up for that one.
Not sure what price guide you are referring to but It's worth about $100 retail. Personally I wouldn't touch it anywhere over $75 but nothing turns me off more than toned silver. I know some people like toning but I never understood it. I've dipped every piece of toned silver I ever owned. Guess it all comes down to if you like it and what you are willing to pay.
If one "needs" a 1881-s dollar, more attractive examples are available for the same money.
Of course the coin pictured is unique, if that's what the OP is shooting for.
Greysheet is $120 and while a toned 81-S is extremely common, that one has enough color to retail for a modest premium to someone.
There is nothing there that I would pay a premium for. Just another ultra-common 1881-S.
You seem to be advancing a compelling argument as to why a coin needs to be seen in hand before making a financial commitment
Experience the World through Numismatics...it's more than you can imagine.
Not for this one
I would not pay a premium, but I don't like toned coins unless they are rare and then condition is secondary.
Donato
Donato's Complete US Type Set ---- Donato's Dansco 7070 Modified Type Set ---- Donato's Basic U.S. Coin Design Set
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Not for that one. Toned Morgans are rather common so it’s worthwhile to wait for one that really stands out.
Nope
Strange my greysheet says $100. I get it some people like toned and that's great, I'm just not that guy. My opinion is it's not worth $150. Should of kept my mouth shut I guess.
For the record the coin sold for $228 vs PCGS PRICE GUIDE of $145 & pop of 54K.
I consider the coin"fugly" due to the white splotches on the obv. & would never buy it sight seen or via images.
I personally would not.
Not for me. A toned coin has to have more than simply some satisfactory distribution of colors to get much of a premium. The toning has a whole has to have positive eye-appeal and be complementary to the design. Perhaps this looks better in person. People looking for toned Morgans in Heritage auction probably have spent a lot of time looking at the coins in person to help them translate a Heritage toner pic to real life.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
yes
I like weird toners sometimes just because they are different, but I typically pay discounts for them not premiums. So while I find this one interesting, not for $200+.
Interesting. Which greysheet edition do you have? I don't have one in front of me, but if you look at an 81-S on the Heritage website is says "CDN $120". Perhaps their information is out of date.
RE: "Would you pay 1.5x price guide for this tarnished common Morgan dollar?"
Well, if the "price guide" was, say, $20.....Yes. Otherwise, there's nothing special about the coin.
Yes, absolutely. Find another one? Dealers ask that much when the coins are white.
Most likely yes, it looks to have a little textile which is desirable and probably looks better in hand than in those pics.
Andrew Blinkiewicz-Heritage
RE: "...it looks to have a little textile..."
Well, to me it's more like polyester....
If, and that's a big if; 50% of price guide, tops.
The toning is unappealing.
Everything is all right!
No.
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hope to see a non-scan of that coin. some potential color monster there.
updated. i tweaked the image. looks like a possible score.
Apparently at least 2 people were...it was an auction.
I personally think 1916-D dimes and S-VDB cents should be worth way less than they sell for. I don't think anyone should ever collect by date and mintmark - they all look the same. I don't know why anyone would collect modern 70s. I guarantee that I wouldn't want to own for my personal collection 95% of what all of you own. But you know what, the market is what the market is. There's no point in arguing with it.
No. I don't find it attractive. The juiced photo version looks worse.
I can see your point to a point. I used to avoid the complete date and mint collections, but over the past five years or so, I have put together some collections of gold coins. The Classic Head $2.50 and $5.00 coins interested me because of their connections to president Andrew Jackson, the Hard Times Token series and the early years of the Charlotte and Dahlonega Mints. The Type I and Type II gold dollars also drew my interests because of their C & D Mint connections, and their role as the most successful U.S. dollar coins, although their popularity was relatively brief.
I have toyed with the idea of completing the run of Proof sets from 1936 to ’42, but I’ve “not been bitten by the collector bug” beyond the 1936 set and a 1942 set which I have had in my collection for many years.
A little bit of Tarn-X would fix it right up
Thanks,
Dean
Well, my main point is that everyone is free to collect whatever they want - without my approval! LOL.
I coordinate the Rochester Junior Numismatic Association that is affiliated with the regular club. The thing I like best about the "kids" (18 and under) is that they enjoy garbage that most of us turn up our noses at. Give them a coin off the train tracks and they are thrilled, trying to figure out what happened. Here, you show someone a toned MS-65 Morgan and everyone complains that it sold for too much money. You know what, it was an auction, it sold for the right amount of money as far as TWO people were concerned.
One of my favorite U.S. coins in my collection - I don't collect much U.S. - is an XF 1879 Indian Cent. It is milk chocolate brown with dark chocolate highlights on the high points. I think it looks super cool and I prefer it to any UNC red Indian cent you could show me. Do you have to like it as much as I do? Absolutely not. And I don't have to like or respect your date/mintmark set of Lincoln cents - even if they are all 65 Red and above. But I'm also not going to tell you that you shouldn't like them or waste your money on them.
I think type collecting makes far more sense than date/mintmark collecting for a lot of reasons. It's more economical, for one. But it also gives you an MS68 Merc dime instead of a mix of circ and mint state coins with the obligatory G/VG 1916-D which always stands out like a sore thumb in most collections. But I'm also not going to argue with people over the value of a 16-D dime. The value is whatever the market says it is.
I think the registry sets are a brilliant marketing ploy that has harnessed people's egos to make a fortune for PCGS and NGC. It has also pushed up the price of higher grade common coins as people compete. 10 years ago, who would have cared for an MS68 1980 cent? But, the market is what it is and while I won't be salting any away because I don't think they will hold long term value, I'm going to buy and sell them into the current market environment. Why? Because "The Market" is King and the sole arbiter of value.
I would not buy the coin, simply because of the tarnish.... in either photo. I do not ride the 'color pony'...Honest wear and crust - OK. Bright and mint fresh - OK. Rainbows and butterfly's? Walk on by....
Cheers, RickO
What about unicorns?
I agree with you, but I completed my type set a few years ago from say the 1792 half disme to sometime in the mid 1980s. I have all of the types, not just the pieces in the Dnasco Album.
I don't collect the excessive amount of the type coins that the mint issues now. With all the platinum coins, First Ladies and commemoratives, that would cost way more than I am willing spend on modern meterial.
Only Morgan I've "stretched" for for color is this NGC 65.
$250 and don't regret it. Just had the look I liked.
Too crusty.
yes I would if I was looking to fill a spot
Best place to buy !
Bronze Associate member
Light vibrant toning attracts more interest and buyers, which I guess this qualifies on. Darker toning even if colorful and vibrant less so, lesson learned the hard way.
nyet.
paying 1.5x over any price guide for such common date should be a crime.
If there's a fingerprint on it I give it ZERO consideration. To me that piece is horrible.
Great transactions with oih82w8, JasonGaming, Moose1913.
I don't care for 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/
...if I already had it sold for 2x price guide then yes
How about the MS66 1881-S that sold for $20K last night?
https://legendauctions.hibid.com/lot/37051526/-1-1881-s-pcgs-ms66-cac?cpage=5
Toning depends on the color, luster, and other aspects of the coin.
While I wouldn't pay the $150-$200 being discussed for the 1881-S PCGS MS65 in the OP, I've bid $1500.00 for a 1881-S PCGS MS62 before, but I was outbid. I don't recall how high it went, but I think it was just over $2,000.