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 Replies: 38 / Views: 3,770 |
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Pillar of the Community
United States
4989 Posts |
Toning rarely detracts from the technical grade. Investors know that a toned coin is one dip away from "blast white" so most will actually prefer original toning, unless it is really unsightly. Toning on this coin is neutral IMHO. Neither adds nor detracts from the technical grade, but a few will find the breaks unappealing. Hence, I think this coin would probably sell for less than the average market value of a 67. The grader almost certainly reviewed this coin under a loupe and didn't find any marks precluding the technical grade but, obviously, they make mistakes. Can't really say from these photos whether any were made. Would need photos of those suspect areas under a microscope.
Edited by fenton
07/30/2020 08:05 am
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Pillar of the Community
United States
992 Posts |
I've found that NGC graded 67's mostly sell for less than PCGS graded 67's.
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Pillar of the Community
 United States
8938 Posts |
Quote:
I've found that NGC graded 67's mostly sell for less than PCGS graded 67's. This is very true. Actually, it's true of grade rarities in general. PCGS always sells significantly higher. Beyond that, I hate the way NGC holders present morgans. |
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Pillar of the Community
 United States
6586 Posts |
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Bedrock of the Community
United States
18681 Posts |
I'm not a fan of toning in general unless it enhances the coin. in this case I think it detracts from the coin. it camouflages the surfaces of the coin making it difficult to see the flaws. I would never purchase a coin that looked like this
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Bedrock of the Community
United States
36800 Posts |
With this kind of toning it it is almost impossible to grade from photos.
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Pillar of the Community
Canada
1267 Posts |
1921's tone like this, showing a "crackled" appearance. Different planchet preparation and rinses than in earlier Morgans, different bags too.
Not a huge fan of the appearance, but it is natural and expected.
As for grade? Good luck trying to grade this piece from an image.....I certainly can't.
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Pillar of the Community
United States
614 Posts |
Its not eye candy, that is for sure, its not elephant man ugly, but certainly unattractive :)
But I think the elephant in the room is.....
Would anyone pay US $8,427.00 for it?
NGC Book is $16000.00
PCGS Book is $23500.00
Big gap there.
Edited by farrider11
08/03/2020 2:39 pm
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Pillar of the Community
United States
3658 Posts |
My wife was on the phone with her sister, which gave me several hours (just kidding, dear!) to play around with the pics. After flattening the color, increasing contrast, sharpening parts of the image, and zooming in on key areas of the coin, I have to withdraw my earlier opinion.
@Ty2020b nailed it. Not only are the areas Ty2020b circled contact marks, many of the toning cracks follow other contact marks, though not as deep as the circled ones.
The reverse is much better than the obverse. I think the reverse makes MS-66. After further review, the obverse call is overturned. That's no 67. It's also no 66. It may make 65.
There's a huge price gap between 66 and 67 for a 1921-D. I agree now, this is no 67.
Reason #6,211 why I hate ugly toned coins.
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Pillar of the Community
United States
1694 Posts |
I like toned Morgans and I don't like it haha. id pay MS-64 money at most
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Pillar of the Community
Canada
857 Posts |
This is also an example of why I absolutely HATE what market grading has done to the hobby. If I'm buying an MS-67 graded coin for MS-67 money, then I WANT AN MS-67 COIN, not an MS-65 with "attractive" toning.
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Pillar of the Community
United States
4680 Posts |
Agree, as stated before. TPGs should grade purely on a technical scale, based on contact marks, strike, and of course luster will play a factor. But toning, should not be a factor. At most, give it their star designation for what they consider eye appeal, but a point or two higher in grades, come on. Especially considering, as FC said, with so many coins, there's a big jump in that 65-67 range. Why give a coin a point or more jump, because of what 50% of the population MAY consider appealing. Grade technical, let someone pay a premium for toning if they want, don't influence the market any more than it already is and has been TPGs. Edit: I promise this is my last rant on this coin.   Edited by Ty2020b
08/04/2020 12:35 am
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Pillar of the Community
United States
614 Posts |
I can see it now, sitting around over the weekend, your friends over, your knocking back a few brews, and he says, let's see what's new in your collection.......
You pull this out and say I only gave $8427 for it. What do you think? I get a deal or what? Lol ;)
Edited by farrider11
08/04/2020 12:43 am
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Pillar of the Community
United States
3658 Posts |
Quote:
You pull this out and say I only gave $8427 for it. What do you think? I get a deal or what? Lol ;) If I paid $8427 for anything, my widow would show it and tell her friends ". . . and then I whacked him over the head with the frying pan . . ."  |
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Pillar of the Community
United States
646 Posts |
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It's almost like a piece of abstract art, where prices never make any sense to the common mind.  This. Some of them look like they were done by a 2nd grader, and sell for $$$. As for this coin, it's butt ugly to me. |
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Posted 08/01/2020 1:20 pm
