| Author |
 Replies: 57 / Views: 7,373 |
|
|
|
Bedrock of the Community
13014 Posts |
Quote:
Some of these coins have toning which rivals Battle Creek and Sunnywood/Simpson for sheer beauty and eye appeal Battle Creek and Sunnywood/Simpson should never be mentioned in the same sentence ever as a comparison unless its how much better Sunnywood/Simpson is. Sunnywood/Simpson set was amazing, casually saying some of these rival them is a gross misstatement. There maybe be 1 if that that could. Show me some 66 or higher monster toners with CAC then we can talk Sunnywood/Simpson |
|
Bedrock of the Community
United States
12057 Posts |
Quote:
Sunnywood/Simpson set was amazing, casually saying some of these rival them is a gross misstatement. There maybe be 1 if that that could. Show me some 66 or higher monster toners with CAC then we can talk Sunnywood/Simpson The coin used as the header for the e-mail NGC sent out today, I cannot figure out how to get off the e-mail, but it looks pretty like this one -- an 1884-O, NGC MS66+* -- which I am going to use here (credit and ownership of this unfortunately rather small photo belongs to CoinWeek and NGC.)  While the Sunnywood/Simpson coins are certainly the high-water mark for toned Morgans, to imply that they are orders of magnitude more desirable than the better Battle Creek toners is entirely a subjective matter. (I'd love to own coins from either pedigree!) Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
|
Bedrock of the Community
13014 Posts |
Quote:
While the Sunnywood/Simpson coins are certainly the high-water mark for toned Morgans, to imply that they are orders of magnitude more desirable than the better Battle Creek toners is entirely a subjective matter. It's honestly not subjective at all. The market has shown time and time again that the Sunnywood/Simpson coins are magnitudes higher than the battle creek coins. Battle Creek coins were all assured a * by NGC and many of them failed CAC. Many of them are not only three figure coins but low three figure, none of the Sunnywood/Simpson coins could be had anywhere near that price. You could really say the best Battle Creek coin would be one of the worst Sunnywood/Simpson ones if they included it. Edited by basebal21
07/17/2018 12:13 am
|
|
Bedrock of the Community
 United States
12477 Posts |
Quote:
It's honestly not subjective at all. Eye* appeal, including toning, is subjective. *Whose eye? In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
07/17/2018 02:12 am
|
|
Bedrock of the Community
13014 Posts |
Quote:
. Eye* appeal, including toning, is subjective.
*Whose e There's no subjectivity in five and six figure PCGS CAC toners vs 3 and 4 figure Morgan's. The Simpson/Sunnywood collection is FAR superior by multiple magnitudes over Battlecreek |
|
Pillar of the Community
United States
1312 Posts |
I love these kind of stories, thanks for sharing.
|
|
Pillar of the Community
United States
2843 Posts |
Response to those who are insisting that this cannot negatively affect prices, while the total number of graded Morgan's does not increase in a perceptible way with this collection, specific coins populations may. For example, the 1887 in ms-67 population does drastically increase. the NGC population of Set coin shows 373. 82 of them come from this collection. So 22% of 1887 NGC MS67 are fresh new slabs from a previously unaccounted for lot.
|
|
Bedrock of the Community
United States
12057 Posts |
I love my big Morgans with all of my collecting heart but there is always the question: how many more hoards? I would think they had mostly gone by now but they keep magically appearing.
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
|
Pillar of the Community
United States
1316 Posts |
With millions of Morgan's already slabbed, I doubt this moves the general market at all. Was at the FUN show this weekend. Dealers sure are pricing common 63-65 stuff confidently. Priced beyond that point it's worth the effort to make a fair offer. Maybe these labeled coins can give dealers something to focus on and price common stuff appropriately to move.
Edited by Collects82
07/17/2018 11:14 am
|
|
Pillar of the Community
United States
8715 Posts |
I doubt this is going to make much of a change in the Morgan market. Remember, this is 16,000 coins, not 16 million.
|
|
Bedrock of the Community
United States
17884 Posts |
The 16K coins are all common date, they made a significant change in the MS-67 pop for the 1887, but the vast majority of the rest of the coins are MS-63's and 64's. Adding 16K MS-63, 64, and 65 Morgans to the millions already out there is like adding a cup of water to a swimming pool.
|
|
Bedrock of the Community
13014 Posts |
Quote:
For example, the 1887 in ms-67 population does drastically increase. the NGC population of Set coin shows 373. 82 of them come from this collection. So 22% of 1887 NGC MS67 are fresh new slabs from a previously unaccounted for lot. That's really the only place where there was any significant increase. Most of the hoard were 63s and 64s. Even there though 82 isn't really a huge number given that there were already a lot of 67s for that date already. At least some of those 82 are very likely toners which is a market of their own as well so it's not really a full 82 being added to the standard market. Quote:
love my big Morgans with all of my collecting heart but there is always the question: how many more hoards? I expect there are still more out there. When they'll come out who knows but it's definitely one of if not the favorite classic series for people to get huge numbers of them |
|
Pillar of the Community
 Canada
1505 Posts |
Does anyone know when this was first announced? Would like to read previous discussions, but I can't seem to find any mention of the new york bank hoard using search function.
|
|
Pillar of the Community
United States
5674 Posts |
Here's one old thread: http://goccf.com/t/321018&whichpage=1 Hard to see how this doesn't have a negative impact on graded Morgan prices, at least temporarily. Although there may be millions of slabbed Morgans, a good proportion of them are likely in collections and not on the market. On the other hand, 100% of this hoard will be dumped on the market over a short time. Seems like it would take a while to absorb the additional supply. |
|
Pillar of the Community
Canada
1267 Posts |
From what I have seen from this hoard, NGC was fairly liberal in the grading.....much like the battle creek collection. I wonder just how many of the 1887 MS-67's would cross to PCGS at the same grade, let alone green bean.
I had the pleasure of looking through the best 100 or so pieces from the battle creek collection, Mike DeFalco bought them all through the Superior auctions after passing on the opportunity to purchase the entire collection. There were some exquisite toners in that group, but were limited if I remember correctly to 1886 and 1887 with a few 1904-0's......thus allowing for the opportunity of only adding about 3 pieces to the Sunnywood collection. Sunnywood's 1887 came from the BC collection, and now I believe is in the Aurora Borealis collection.
This latest hoard will have almost no effect on the overall market. After all, what's a few thousand more MS-63 and 64 pieces added on to the what, 200,000 already graded?
Edited by hadleydog
07/18/2018 05:48 am
|
| |
Replies: 57 / Views: 7,373 |
First Page
Posted 07/16/2018 11:43 pm
