1883 CC morgan toned in GSA
fishteeth
Posts: 2,264 ✭✭✭✭✭
I don't collect morgans but could not pass this one up for a little less than bid about a yr ago at a flea market. I thought it would be a great coin for a type set and a great example of toning. Artificially toned after sitting in a canvas bag within a damp vault for about 80 yrs.
this coin would probably grade at about a 64 but it will never get cracked out of its holder. opinions on the toning welcomed, is this the type of toning on morgans that can lead to big premiums. The little picture does the best job catching the actual appearance of the coin
this coin would probably grade at about a 64 but it will never get cracked out of its holder. opinions on the toning welcomed, is this the type of toning on morgans that can lead to big premiums. The little picture does the best job catching the actual appearance of the coin
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Comments
-Paul
<< <i>Artificially toned after sitting in a canvas bag within a damp vault for about 80 yrs. >>
That is called Natural Toning then. Nice clash cleanup one too. Too bad it isn't PL. Nice one!
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You might need to juice your photo's a bit to get folks to call it a Monster and worthy of a premium.
<< <i>Note the holded just says silver dollar- not Uncirculated silver dollar? These ( I believe) were sold as culls- discounted price in the treasury sales, bought one similar (lot less toning) from original purchaser who wrote "cull" price on card. >>
You are correct. Here is the card that came with them..............
<< <i>
<< <i>Note the holded just says silver dollar- not Uncirculated silver dollar? These ( I believe) were sold as culls- discounted price in the treasury sales, bought one similar (lot less toning) from original purchaser who wrote "cull" price on card. >>
You are correct. Here is the card that came with them..............
Yes, and quite the story behind that as well. Apparently, the GSA was told the toned pieces were ruined, and they should be sold at a discount. Ironically, the same people who so cheerfully gave that advice felt some sort of sympathy for the gsa and proceeded to buy most of the extremely tarnished and discounted pieces themselves.
While it may never bring a huge premium for the color it will be worth more. Just don't ever crack it out of the holder it is in now.
I think your coin has several positive things going for it and was a great pickup for the price.
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etexmike
<< <i>Apparently, the GSA was told the toned pieces were ruined, and they should be sold at a discount. >>
In the 1970 - 72 period when the GSA coins were being evaluated and holdered toned coins were out of favor and DID sell at a discount to blast white coins.
What a great example of Morgan dollar that is known to have received its toning by direct contact with the fabric of an original mint bag. The toning is part of the history of the coin, nothing more and nothing less.
Worth a big premium? Maybe not. This coin is a great example of originality, however; a "teaching" coin, if you will. NT, all the way, fishteeth. Don't let anyone convince you otherwise. Yes, keep it in GSA holder. You owe it to yourself and future generations of collectors to do this.
Grade? Most "naturally toned" collectors don't really care what this coin might grade at a TPG service.
It's the history, baby collectors. It's the history.
Whoever is careless with the truth in small matters cannot be trusted with important matters.
Beautiful coin!!!
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