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1887 "Masterpiece" Morgan Dollar Sells For Insane Figure

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 Posted 10/26/2020  12:23 pm Show Profile   Check GrapeCollects's eBay Listings Bookmark this topic Add GrapeCollects to your friends list Get a Link to this Message
I saw this sale and was stunned. The coin itself is incredible, but so is the hammer price! A regular MS-66 1887 Morgan sells for about $225-250, which means this sold for around 132x book price!

https://www.coinworld.com/news/us-c...-900-dollars
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
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 Posted 10/26/2020  12:43 pm  Show Profile   Bookmark this reply Add Morgan Nerd to your friends list Get a Link to this Reply
That just goes to show that even the most common coins can sell for a LOT in superb condition. The toning definitely made the price skyrocket.
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 Posted 10/26/2020  12:44 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good grief.
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 Posted 10/26/2020  1:36 pm  Show Profile   Check BigSilver's eBay Listings Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply
ugly IMO
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 Posted 10/26/2020  1:46 pm  Show Profile   Bookmark this reply Add twslisa to your friends list Get a Link to this Reply
Oh, THIS is the one you were talking about!! I was thinking it was a "monster" Morgan I saw on ebay.

The picture doesn't do anything for me, but those colorized pics don't really do justice. I'd love to see it in hand.

Still can't see paying 5 figures for a coin that isn't worth $500.
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 Posted 10/26/2020  1:47 pm  Show Profile   Bookmark this reply Add scopru to your friends list Get a Link to this Reply
To each their own ehh. A lot of money for that toning.
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 Posted 10/26/2020  2:21 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
Talk about a bidding war! I would love to have been the seller on this one....
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 Posted 10/26/2020  3:34 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply
Just ludicrous to me, but I just see this as a sign that the coin market is doing well.
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 Posted 10/26/2020  3:35 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply

Quote:
ugly IMO


In genuine curiosity, can you explain?
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
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 Posted 10/26/2020  3:39 pm  Show Profile   Check BigSilver's eBay Listings Bookmark this reply Add BigSilver to your friends list Get a Link to this Reply

Quote:
In genuine curiosity, can you explain?

Not sure what there is to explain. IMO (In my opinion) this coin is ugly. I find some toning attractive and some toning ugly. This one, I find ugly.
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 Posted 10/26/2020  3:51 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list Get a Link to this Reply
If I may chime in again, I think what turns me off personally from this coin, or rather it's toning is that its sort of "too much of a good thing". I personally love light peripheral edge toning, I find it has a more defined "character" and "balance", whereas this piece I find too be way more "loud" and bordering on "distracting".

So tho this kind of toning maybe "rarer" then a peripheral even toning, I find it to be far less appealing.

Edit: I have, for a while, been trying to figure out what it is that is that makes a toned coin attractive in the most objective sense (looking for an objective answer to a subjective topic, weird I know).
Edited by Numis-Northerner
10/26/2020 3:54 pm
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 Posted 10/26/2020  4:47 pm  Show Profile   Check Collects82's eBay Listings Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
My main concern with these toners is that the toning is a result of some sort of chemical instability on the coins surface. What's to say its stabilized and wont get ugly over time?
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 Posted 10/26/2020  5:21 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
Toning is, as everyone says, subjective. I'm not much of a fan myself, but really sit on the fence. IT depends on the coin.

I sold an 1879-S/Reverse of 78 Morgan in low MS condition a few years back. The purchaser returned it with a note saying "I'm sorry this is my fault. I just did not understand how brillently toned this coin is; in hand. I prefer my coins blast white".

I'm kind of glad he did. I still have it, but now it sits in my Morgan Collection. I regularly make buying trips to the SF Bay Area ( my nativity) and 7 years ago came across a half roll of these coins. I sold all of them and had not realized till I got the return that it was my last one!

As a dealer I see lots of niche markets. For instance I make a very good living selling fully struck VEDS LWC. Your average collector would not dream of paying more than greysheet for these coins. Yet I sell them for many multiples of grey sheet.

Your "advanced collector", as Mr Bowers likes to call them, usually have a full set of "whatever". To get the blood racing again they try to collect grade rarieties, or toned coins, or full heads, full bands, ect. Trying to complete some of these sets is an extreme challange.
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 Posted 10/26/2020  5:46 pm  Show Profile   Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
That's insane. I can see a 5 or 10X premium for that toning, but I can't understand how someone would pay that price.
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 Posted 10/26/2020  6:01 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
I also preferred minor toned coins like what Numis-Northerner described, almost like someone throw watercolor paint on top and let it dry.

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 Posted 10/26/2020  6:04 pm  Show Profile   Bookmark this reply Add NDBirdman to your friends list Get a Link to this Reply
That seriously fugly toning... this coin deserves a quick dip to bring it back to beautiful.
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