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1896 Amazingly Toned Morgan (Must See Before You Die)

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Pillar of the Community
United States
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 Posted 12/08/2013  07:39 am  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list

Quote:
To me this is a perfectly good MS66-67 coin ruined.


NumisMedia has the 1896 at $575 in MS66, and that seems like a fair value. PCGS has a long history of errors, hope the tarnish isn't hiding problems.
Edited by ArrowsAndRays
12/08/2013 08:45 am
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United States
1511 Posts
 Posted 12/08/2013  08:17 am  Show Profile   Bookmark this reply Add NathanASE to your friends list

Quote:
To me this is a perfectly good MS66-67 coin ruined.


Not to me at all... Quite the opposite in fact. I specifically try to find toners for my set. To "me" a dipped coin is ruined. I'd consider a blast white Morgan more suspect than this one...

SsuperDdave, as usual is absolutely right. And I agree, a coin with double sided toning would be more suspicious to me. Most of the Morgan's I have only have toning on one side due to that side being pressed against the bag wall while the other side covered by another coin though its rarer for a coin to have the whole side toned because its rarer that another coin wasn't blocking part of it. How many coins in the 1000 coin bag do you think are right on the edge of a bag with nothing inbetween? That's a pretty small percentage per 1000.

This is how crescents happen as well, more so than albums at least. Crescents happen when another coin is blocking part of the coin contacting the bag edge. If you hold another Morgan up to crescent toning it will be a perfect match to the coin. How far the crescent comes onto the coin depends how far the other coin was covering it.

Album toning is more often than not blotchy edge toning that is quite irregular. Full siders and crescents most often come from bags.

Rest in Peace
United States
10625 Posts
 Posted 12/08/2013  08:27 am  Show Profile   Bookmark this reply Add dave700x to your friends list

Quote:
Silver coins do NOT naturally tone on just one side without help or improper storage


I think storing Morgans in burlap bags in a damp vault for nearly 100 years quantifies as improper storage.

And regardless of anyone's opinion on this topic, there are people out there with very deep pockets that actively pursue this very small percentage of surviving mint state Morgans.
New Member
Kuwait
40 Posts
 Posted 12/08/2013  10:38 am  Show Profile   Bookmark this reply Add nofaction1 to your friends list
In my opinion, if this toning could be replicated relatively easy, there would be a lot more on the market. A coins value is based on supply and demand. The more rare an item is, along with a growing pool of people wanting it will cause the price to rise.

What I've come to observe in my coin collecting time, is that the older generations as a collective seem to want that perfect blast white specimen. None of us are getting any younger and as coin collecting grows even more a younger group of people will come in.

From a long term investment point, I feel these type of coins will grow in substantial value far faster than a normal one.

As to rather this should count as a NT or AT will always be debated. (But since supply seems down based on the huge premium these bring in, the artificial toning factory should probably go ahead make more.lol)
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 Posted 12/08/2013  12:11 pm  Show Profile   Bookmark this reply Add ArrowsAndRays to your friends list
Huge premium? I hope you didn't pay one. This girl is toned on BOTH sides! $1350, or best offer. Your's is the same grade, yes?

"1896 $1 PCGS/CAC MS66+ - Colorful Toning Morgan silver dollar"

http://www.ebay.com/sch/Morgan-1878...=nc&LH_BIN=1


edit: Usual "not my auction" disclaimer.
Edited by ArrowsAndRays
12/08/2013 12:34 pm
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Kuwait
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 Posted 12/08/2013  12:53 pm  Show Profile   Bookmark this reply Add nofaction1 to your friends list
Based on visual looks and appeal, that coin looks like garbage. They supply or here is visually appealing aged over time toned coins. That coin is over priced based on uglyniess. Lol
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 Posted 12/08/2013  1:06 pm  Show Profile   Bookmark this reply Add rachums107 to your friends list
I like that coin
I think it's cool
It's a beautiful coin.

Anyway I would give it a MS-66...maybeeee a 67.

BTW thanks Ssuper Ddave for the info, that makes a lot of sense. There was a 2012 ASE lying on my coin dealer's window sill that toned like crazzzzy. When the summer was over I asked if he could save it for me, and he did, but I didn't have the extra money to buy it. Either way it was a very cool coin.
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23522 Posts
 Posted 12/08/2013  1:21 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list

Quote:
Huge premium? I hope you didn't pay one. This girl is toned on BOTH sides! $1350, or best offer. Your's is the same grade, yes?

"1896 $1 PCGS/CAC MS66+ - Colorful Toning Morgan silver dollar"


I don't trust that one any farther than you can throw a $1000 bag. It's conceivable that it *could* tone that way in an album, but the album pages would have to be made up of Taco Bell napkins. Not a chance that happened while in the possession of the Mint. Here's the actual link, BTW:

http://www.ebay.com/itm/1896-1-PCGS...em2ecc7fd5e3


Quote:
There was a 2012 ASE lying on my coin dealer's window sill that toned like crazzzzy.


You should have seen the one Fredd did on his windowsill.

Edit: Here's Fredd's coin, and a thread that'll teach you a lot about toning:

https://goccf.com/t/85732
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 Posted 12/08/2013  1:37 pm  Show Profile   Bookmark this reply Add atticguy to your friends list
Although I don't use the number grade myself (I'd just grade it as unc), the slabber probably gave it a 68, +/- 1.

Saying that, the most I'd offer on it would be around $20, and if I won it in auction I'd clean all that coin-fungus off of the reverse so it wouldn't infect the rest of my coins.

You can probably tell which side I am on as far as toned/un-toned coins.

Although I don't care for the looks of Morgans, I do like the obverse of this one.
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40 Posts
 Posted 12/08/2013  3:29 pm  Show Profile   Bookmark this reply Add nofaction1 to your friends list
Okay, since everybody will probably be asleep by the time I get off work and home to post the last and finally picture. I will tell everyone the grade. It's graded MS66+.
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 Posted 12/08/2013  3:34 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
Nice!
swcoin.ecrater.com
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Kuwait
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 Posted 12/08/2013  3:46 pm  Show Profile   Bookmark this reply Add nofaction1 to your friends list
Okay, since everybody will probably be asleep by the time I get off work and home to post the last and finally picture. I will tell everyone the grade. It's graded MS66+.
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 Posted 12/08/2013  3:50 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list

Quote:
Isn't splitting hares fun? Fudd would be proud.


You had to love Fredd.
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 Posted 12/08/2013  4:23 pm  Show Profile   Bookmark this reply Add westcoin to your friends list

Quote:
It's graded MS66+.


Looks like I was the first to call this one a high grade coin at MS66+ I thought it may have reached a MS67 grade, it is what the market will call a monster toned dollar. Some collectors like them others hate them, as evidenced by the comments throughout this thread. I've always liked a nicely toned Morgan myself, but to each their own. The toned coins are sure much harder to grade form a static photo, one really needs to have it in hand with a strong pinpoint lamp to see the surfaces underneath. A photo can be manipulated with color saturation and other enhancements to make it appear much more colorful than it would to the naked eye.

Nice coin by the way! (IMO).

Wanted to edit my post and add this link: http://www.jhonecash.com/coins/tonedmorgans.asp

It has a very good article on natural vs. artificially toned coins.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Edited by westcoin
12/08/2013 4:28 pm
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Kuwait
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 Posted 12/08/2013  11:46 pm  Show Profile   Bookmark this reply Add nofaction1 to your friends list


1896-Amazingly-Toned-Morgan-Must-See-Before-You-Die
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