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Replies: 7 / Views: 1,322 |
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Pillar of the Community
United States
790 Posts |
Yesterday I broke out the popcorn and watched some auctions on Great Collections, just to get a feel for how "hot" the market is for toners. I sort of guesstimated what I'd have been willing to spend on several coins then watched to see what they actually went for. So here are a few coins.    Here are my questions--NO peeking at the actual sales figures before you answer!! Let's say everybody answering this has enough in their coin budget to buy all three coins. What would you pay for each coin, and why? Does the fact that the first two, which have a wider color spectrum, are graded lower, figure in significantly in your prices? If you are experienced in buying and selling coins, if you were to put these coins up for sale again at another auction in a few months what would you set as your base price (not sure of the exact terminology, but the lowest amount you'd accept for the coins)? I'm just trying to get some kind of idea how much toning does (or should) affect sales prices. I realize that when it comes to eye appeal, the decision can often become emotional, but do you think there's any kind of science to it? *** Moved by Staff to a more appropriate forum. ***
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CCF Advertiser
United States
1533 Posts |
1. $150 looks undergraded as well. How is this not a 64? 2. $125 3. $500
I'm probably way low as I do not pay big money for color/
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Pillar of the Community
United States
4468 Posts |
My rule is simple no more than 1 1/2 times the retail value for toners. I am not going to get buried in toners as they can go for crazy money and there can be a large down side on re-sale.
I like the 86 with the sticker and the coin looks like it could grade MS64. $110 would be be my limit. I do not care for the the 83 O as there are a lot of marks on the coin. $80 would be my limit. I like the color and grade on the 99 O. $200 would be my limit.
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Pillar of the Community
United States
3516 Posts |
If I buy toners to keep, I will pay what They offer unless it is unreasonable. If I am buying to sell, I'll negotiate, and try to sell it right away for a profit
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Pillar of the Community
 United States
790 Posts |
I swear I never know where to put these threads. Since there was a whole thread on toned coins on the main forum, and this wasn't so much about the coins as the toning, I figured that's where it should go, but now I find the thread in the classic coins. I don't really care either way, just not sure I am clear yet on what goes where, and I hate knowing I made more work for the mods (sorry guys!).
Anyway, I agree on the first one being under graded. If the 2nd is a 63, this one ought to be 64. The toning is exceptionally striking (did you notice how the colors actually fall about where they should on the image, so that the "sky" is blue, she has a rosy glow, and her hair is blonde?). I'd have probably paid up to $250 for it, in fact when it got close to the end and wasn't going for that, I actually tried to bid, but I wasn't quick enough. To me, this is the kind of coin that stands a strong chance of getting a crazy price at another auction. I'd be curious to know what the winning bidder's top limit was. The coin sat at about $71 right up to the last ten minutes, then just about every time I refreshed the page the price was bumped by $5-10. It ultimately went for $199.10, including the buyer's fee.
The second coin, I'd have gone as high as $180 just because there were two rainbows and they were so vibrant. The chatter on her face knocked it down a bit, but if I had to guess I'd bet the coin looks better in hand. I didn't get a screen cap of the final price and I don't remember the exact number, but it went just a few dollars less than the first.
The last coin, I'd have stayed around $250 (that's quite a stretch for me for a single coin, and even though the lavender tones really appeal to me, it's s better coin, but not quite as stunning as the first coin) . It went for $205.70. Maybe it didn't grab the bidding frenzy because it was one of the later coins auctioned, and maybe because it was a more narrow spectrum of colors. Still, whoever bought it got a good price, I think, because they got a high quality coin at just barely over book, and I think if they resold it at another auction or to another toner lover, they could set the starting price at $250 and at least make that much. It's another one I think probably looks better in hand.
Do you guys think there's any science to it, or is the premium on toners mostly based on the perceived beauty of the coin, along with possibly the thrill of competition?
Edited by twslisa 11/28/2016 1:28 pm
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Rest in Peace
United States
17900 Posts |
I do understand your interest in attempting to form some basis for your buying decisions, but the ranges with coins WITHOUT toning are enough to indicate that those WITH toning will have an even greater variance. In other words, if you go to Heritage and check the past sales of just about any commonly sold coin (such as these Morgans), in the exact same grade, from the exact same TPG, graded near the same time by that TPG you will still see huge ranges on what the coins sold for even in the same year. As an example, I've been looking for a nice 1935-S Peace dollar in MS-64 for forever. I'm willing to go up to $560 or so for one I really like. Those that are for sale (Heritage has one now for $525) are either ugly (in my opinion) or too high of a price. What I'll probably end up doing is going for a higher price for a coin I love - OR - see how much more it would be to move up to a MS-65 (in this case TOO much). I'm not, by any means, the only one that buys this way. If the right 1935-s comes up, I'll probably go up to $600 or even a little more, and just be happy I've got a coin I love. That happens all the time. So you simply CAN NOT determine a SET price for any coin. When we are told a zillion times that it is the coin, not the holder that determines the price, it really is true. Trying to ascertain the price of a known coin without toning is enough to take us far enough away from the ability to be able to "predict" what an "average" coin will sell for. Toss a toned beauty into the mix, and the prices could, can, and are shot-gunned all over the map.
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Pillar of the Community
 United States
790 Posts |
Thanks, moxking. For that first coin, I'd have paid $250 and been happy with it, because I doubt I'd ever want to sell it, so I get what you're saying. Just trying to get some idea what others think. You might want to call the guys at http://www.aworldofcoins.com. They have a couple very nice, graded Peace dollars, and I know the owner also sells on ebay. I don't know if he is selling everything he has out in his shop online, but I think the one I've been drooling over might be just what you're looking for. It has awesome eye appeal, and I think it might be a '35S. If so I doubt it's graded at 64, but it looks like it could be. I ALMOST put it on layaway the other day (asking $375) but decided I need to focus on Christmas. I might just hate you for awhile if you buy it, but at least it'll go to a good home.
Edited by twslisa 11/28/2016 3:53 pm
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Pillar of the Community
 United States
790 Posts |
BTW, just FYI, I made a point of visiting all the coin shops in the Denver area a couple months ago just to get a feel for them. Some other shops might have slightly better prices, but these guys are always happy to see me and take time with me, and I've never doubted that they were honest with me. Also, I don't know if the same is true of their online store, but they are located in a part of the metro area that has no sales tax for bullion or collectible coins.
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Replies: 7 / Views: 1,322 |
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