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 Replies: 27 / Views: 2,935 |
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Pillar of the Community
United States
4989 Posts |
Assuming the toning looks like that in hand, the coin is worth at most $400 - $800 and not the $4000+ the seller wants.
These "Rainbow" Morgans come up for sale frequently on the auction sites and it is kind of a crap shoot as to the degree of premium people pay for the toning. Sometimes it is 2x - 3x for a nice piece but, recently, I saw a really amazing Crescent Moon toned NGC * coin go for less than dealer bid for the grade.
Generally, too, for the highest grade coins the percentage multiplier that great toning lends to the coin is reduced. A $20 MS-62 with amazing toning might go for $200 but the $180 MS-65 won't go for $1800.
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Valued Member
United States
327 Posts |
What looks strange to me on this Morgan is the white patches below the "B" in Liberty and between the you and the are in Pluribus. Is it just the photo or can you actually scrape the rainbow off a coin? Just looks weird to me.
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Pillar of the Community
 Canada
4944 Posts |
Yeah. I think that toning can be removed from scratching the surface of the coin.
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Moderator
 United States
16679 Posts |
That or dipping!
swcoin.ecrater.com
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Pillar of the Community
Canada
4944 Posts |
But wouldn't more come off, if it was dipped?
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Moderator
United States
16679 Posts |
Oh, big time. I was being more sarcastic. I've heard of people removing beautiful toning such as this, because they favor a "white" coin. How wrong their decision was :'(
swcoin.ecrater.com
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Pillar of the Community
Canada
4944 Posts |
Quote:
I've heard of people removing beautiful toning such as this, because they favor a "white" coin. Wow. I would take a toned coin over a "white" coin any day! |
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Pillar of the Community
Canada
1267 Posts |
Oh My, that is a beautiful coin.  I believe it is on consignment by a member from across the street, and I have held this coin in hand (it was then in an NGC 65* Pl holder). It is a monster, and the colors just explode when looking at it from any angle in hand due to the pl surfaces.  I have both bought and sold with this seller, so I am very familiar with what is represented by him and what the coins look like in hand. He does tweek his pics with photoshop to try to represent the colors as they appear at their best in hand. On toners, the look changes with every tilt of the coin, and some coins only come to life at certain angles, and that's tough to tell from a single image. FWIW, he takes several images of consignment coins and lets the consigner pick the ones he uses. As for price, I could see 5k for that coin in a ms66 or ms67 holder, but not in ms65. |
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Pillar of the Community
 United States
2448 Posts |
PCGS has it listed as a valid certificate worth approximately $175. Prices for these don't increase anywhere near this price until a much higher grade. PCGS says the 35 of these out there. Way overpriced and I think someone is looking for a sucker. There's one of us born every minute.
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Bedrock of the Community
United States
12437 Posts |
Quote:
Prices for these don't increase anywhere near this price until a much higher grade That statement completely ignores the market for toned coins. Monster toners can and do sell for a 5-20x premium over normal value. I personally have never paid that kind of premium(I like to buy my toners cheap and flip them for a profit  ) but I would certainly pay a hefty ransom for a stunningly toned coin that has a place in my personal collection. |
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Valued Member
United States
56 Posts |
A beautiful coin that deserves $500, not nearly the amount he is asking though... lol
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Valued Member
United States
321 Posts |
Ya the color is just too bold and or artificial for me. I understand premium-almost bought a ASE for $300- but $4500 is robbery for that coin. If I were to buy a toner on ebay, it would be from either john-strategies, eternitycoin, mbcoins, or kryptonitecomics. they seem to be the best at accurately describing color with little or no photoshopping. |
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Pillar of the Community
United States
870 Posts |
looks like AT to me... Pretty, but not $5k pretty! At least to me...
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Moderator
United States
16679 Posts |
I believe beautifully toned coins demand a premium. At the Long Beach show here in So. Cal., there is one dealer that has slabbed morgans that look amazing, every color of the spectrum can be seen on his coins. Every year, the same coins are sitting in his case because of what he wants for them. For that kind of money, I'd rather have a higher grade piece of early Draped Bust copper.
I use to have a "rainbow" CC Morgan and would like to have another some day. Mine was a GSA and wish I still had it :-(
swcoin.ecrater.com
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Pillar of the Community
United States
2541 Posts |
That beast seems like it should be graded higher, but I would certainly want to see it in hand before paying $ like that for it.
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First Page
Posted 12/01/2010 4:20 pm
