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Are These Morgans Destined For Melt?

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Pillar of the Community
Australia
7096 Posts
 Posted 11/19/2011  3:32 pm  Show Profile   Bookmark this reply Add trout1105 to your friends list
they look like good honest coins to me.
I get suspicious about a silver coin over a hundred years old that looks like it has come fresh from the mint.
These definatly won't smell like rice and fish
Pillar of the Community
United States
1388 Posts
 Posted 11/19/2011  4:09 pm  Show Profile   Bookmark this reply Add Darth Anarchus to your friends list
Definately more than melt... That's actually pretty nice toning...
Pillar of the Community
Canada
4944 Posts
 Posted 11/19/2011  5:13 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list
The coin in the top left and bottom right have nice toning. (My favorites in the lot)
Pillar of the Community
United States
1391 Posts
 Posted 11/19/2011  5:18 pm  Show Profile   Bookmark this reply Add allranger to your friends list
My local coin store has a bunch of those that for sale. They have a price tag of 120 on them. I did not look at them to closely but they said they were "Original Bag Toning." What ever that means. Just saying.
Pillar of the Community
United States
1432 Posts
 Posted 11/19/2011  7:08 pm  Show Profile   Bookmark this reply Add jeffrose to your friends list
I like a nicely toned coin as much as the next guy but this isn't what I call toning. It's mostly a black crud. Can't see someone wanting to drop these in their album.
Pillar of the Community
United States
1432 Posts
 Posted 11/19/2011  8:01 pm  Show Profile   Bookmark this reply Add jeffrose to your friends list
Here's the difference

Nice rainbow toning

Are-These-Morgans-Destined-For-Melt?

Not

Are-These-Morgans-Destined-For-Melt?
Pillar of the Community
United States
3755 Posts
 Posted 11/19/2011  9:29 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list
Nooooo, not melt.
Pillar of the Community
Canada
4944 Posts
 Posted 11/19/2011  9:41 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list
I will buy some for melt, if you want to sell them.
Edited by Canadian-Banknotes
11/19/2011 9:44 pm
Bedrock of the Community
United States
19969 Posts
 Posted 11/19/2011  10:51 pm  Show Profile   Bookmark this reply Add BadThad to your friends list
Agree with the others, worth more than melt as long as they have not been cleaned. Unfortunately, the toning has progressed to the black (final) stage. The best thing you can do now is to rinse each one thoroughly with acetone and put into an airtite. This will halt the toning process where it is. If you don't like them any more, I suggest you sell them and buy replacements. Personally, I would NOT attempt to remove the toning with a dip.
Lincoln Cent Lover!
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Valued Member
United States
421 Posts
 Posted 11/21/2011  1:44 pm  Show Profile   Bookmark this reply Add mariospaghetti to your friends list
First I would like to commend you for putting away that many! I know I passed on many a Morgans when I could have had them at $9.00 a piece for common dates. Heck that wasn't too long ago. I think the tonning isn't too bad. I agree I wouldn't change a thing about the coins. Heck I see uglier cleaned Morgans going for like $10.00 over melt on e-bay.

If the price of spot silver goes back under $20.00 I think I will stock up and hold . Hmm Maybe?
Pillar of the Community
United States
1432 Posts
 Posted 11/21/2011  7:14 pm  Show Profile   Bookmark this reply Add jeffrose to your friends list
The only saving grace is I got them all dollar for dollar when you could still get them at the bank. Think I'll try the acetone on a couple of the worst ones & post B/4 & after.
Bedrock of the Community
United States
19969 Posts
 Posted 11/22/2011  10:59 pm  Show Profile   Bookmark this reply Add BadThad to your friends list
Acetone or other organic solvents will have no effect. Even at this stage an acid-thiourea dip might only have limited success. However, the chances of ruining the coins are far greater than the reward of a blast white coin....just MHO.
Lincoln Cent Lover!
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Pillar of the Community
United States
4989 Posts
 Posted 11/23/2011  01:51 am  Show Profile   Bookmark this reply Add fenton to your friends list
I find dark crescent toning an an MS coin, particularly near-gem, pretty spectacular and will pay a premium. Here's an example from my collection:

Are-These-Morgans-Destined-For-Melt?

It's still pretty on a circulated coin and is MUCH more attractive than an all-dark example but probably would not command a big price premium. Generally, I think those Morgans would for the most part be worth fair market value for their grade.
Pillar of the Community
United States
2541 Posts
 Posted 11/23/2011  09:25 am  Show Profile   Bookmark this reply Add Gothic Florin to your friends list
Morgans seem to be going for a nice premium over melt these days, so even though they are toned you will get a premium. I stopped by my local coin shop the other day and tried to get the guy to sell me some VGs for melt - he laughed and told me he can get way more than melt.

If you do decide to sell my preference would be to purchase a semi key slabbed coin with the proceeds (may need some extra $$ to get something nice though).
Bedrock of the Community
United States
14454 Posts
 Posted 11/24/2011  01:20 am  Show Profile   Bookmark this reply Add Bryan1315 to your friends list
if you had been about 10 years earlier you may have gotten some "nicely" toned coins out of there. In time as you have already been told these are the final stage of toning "black". The only difference between a colorful toned coin and one that is black like yours is that they were removed from the conditions that were toning the coins before they turned black
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