Pricey toned Morgan...

I took it s a serious comment, despite the double intendre.

 

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As far as I am concerned if your an expert on price then your an expert. There is only two things that matter to me when buying coins...a fair price and how much I like it. I nail the latter part my self with 100 percent accuracy every time.

 

You never change your mind about how much you like coins you buy? :devil:

 

This is still a great forum. but like any other venue with people involved, egos get in the way. I just look past that.

 

Okay you got me. But when your a newb that mostly happens whe you start to think you overpaid. Also how bad could it be if the price was fair after all I love al coins even pocket change.

 

I'm new to the forum. So far I think some people make it stuffy in here but I still think this place rocks

 

Dime,

You forgot to include fuschia in your list.

Regarding the analogy about the car salesman, I don't think he buys the car inventory either.

Chris

 

im a newb!

 

Geez.. and a used car salesman has seen the same variety of colors and make/models of cars.... but he's still a used car salesman.

As to oil on a toner.. well, as oil changes are a preventative measure intented at prolonging the live of a car.. it's anaology would be those measure intended to prolong the live of a toner.. and preventing it from turning black (which is where all toners are heading)... now an expert toner dealer would probably have a "Phd." in his title.... and would probably be learned in "Metallurgy", which according to wiki is the domain of material science that studies the physical and chemical behavior of metallic elements, their intermetallic compounds, and their mixtures, which are called alloys.

Guess my question/s to you would be, could you please provide us all with your level of schooling in this field ?

Examples of expert level questions (imo) would be:
- how did this coin tone ? Elemental traces of the reactant should be imparted in the skin of the tone.
- What elements caused the tone ?
- what level of the reactant remain in the skin of the coin, and at what level is the toning still active.. (ie - how long before she turns BLACK).
- what ambient conditions will minimize or neutralize the current level of active toning.
- etc...

You ready to answer those ?.... I bet an expert could, and then would be able to back it up with clinical trials based in documented destuctive and non-destructive testing of various metallic wear studies.... you ever done any ?, or are you aware of the various type of testing equipment needed to even conduct such a controlled study ?

If not, then your most likely an expert in the "sale" and "marketing" of toned coins (granted, these a large part of collecting/investing also),,, but you ain't no expert in toned coins. At least not by my definition.....

 

Well I have a BS in Materials Science & Engineering (Metallurgy) from Lehigh University with a focus on corrosion and I still can't answer most of your expert level questions because precious metals are not usually used in engineering applications.

Having said that, your definition of expert is fine, but IMO, not applicable. A scientist may be able to explain the chemistry behind thin film interfaces but I am much more interested in the opinion of the guy who understands how to evaluate a toned coin and it's value in the marketplace (Shane). Everyone needs to stop getting hung up on the term expert and realize that some people have a level of expertise that allows them to speak authoritatively on an issue despite the fact they may not meet the strict definition of an expert. Like I said before, if someone on this forum had a question about a toned coin, I would point them in Shane's direction.

Think of it this way everybody. When a member posts a thread about toning, which non-expert members do you wait to hear from? Be honest!

 

Probably Shane, or you, or dime guy.... and then Doug and Mike, etc........ and then a good debate regarding both sides of stated opine...

; ) ... ain't it fun.

Anyway,, I think the OP wanted to know if $4k was excessive for the posted coin...... I think most here have said yes, including the toning specialists... hey, "specialists" ?

 

Uh, I think you need to re-read the responses of the members who you identified as specialists.

Having said that, I don't recommend spending this kind of money on one of these toners because the volatility can be huge from auction to auction.

 

Well I consider you a specialist,,, and I think you just said 4k is excessive....
Dimefreak, posts that a hypothetical situation in which he could see spending the $,,, but won't because he doesn't collect them.
and Shane, who has rolled 300k in toned coins, posts that he would,,, but not unless he had a lot of extra money.
... maybe my poor preception,,, but just appears to be a lot of taking with no walking... now if I see this coin in one of ya'lls collection,,, then I'll eat crow....
Speaking of crow,, all the darts flying around made me think of something......
... just invision Shane, or Doug in the video... enjoy:
http://www.youtube.com/watch?v=QMci6-DbnwM

 

I didn't really want to know, 133 posts ago, if $4K was excessive—it's relative, as opinions have shown; just thought a lot of you would find it interesting.

 

I did not say that. I said the price tag does not surprise me but I don't recommend that others buy coins with this type of premium. These types of coins with huge premiums are really reserved for those collectors with deep pockets. That does not mean that the coin is not worth $4K. I believe the coin is worth $4K and firmly believe that there are enough collectors with both deep pockets who covet eye appeal to keep it at the price under most auction settings.

I don't know what you are reading into the situation but let me clear it up. All three of us are saying that we would buy that coin at that price if we were part of the deep pocket collectors club. Since we are not, the coin will remain a fantasy piece and we will continue to collect coins that present less of a financial risk. However, I have several coins that in my collection that I paid $2K+ premiums for, so I hope you are hungry. You might find some crow in this thread.

A Lafayette Dollar--Opinions Please

 

ha... if you buy that coin, I will no kidding eat a crow, with a side of squirrel..
I guess I took your statement that you "... wouldn't recommend spending this type of money on one of these toners because of the volatility between auctions.." as meaning you thought price was excessive. Sorry for any confusion caused, guess I digested the meaning wrong.

I could buy the coin too, and a couple others like it in the same auction...,,, but I'd rather eat crow

 

Read Post #65 in that thread and eat up my friend.

 

? ...u lost me... ?

 

Now I don't normally enjoy stirring the pot, but in this case, it might be hard to keep my poker face. We discussed the Sonnier-Cowle in the OP, what about the other three?

1881-S Sonnier-Cowle Morgan Dollar PCGS MS66 CAC $2,600

1881-S Sonnier-Cowle Morgan Dollar NGC MS66 * CAC $2,800

1881-S Cowle Morgan Dollar NGC MS66 * $3,250

Are the current bids on these $200 coins excessive?

 

I bought the Lafayette Dollar in the thread I posted a link to. I have no plans of buying one of the Sonnier-Cowle Morgan Dollars in the current auction. Not that I don't want one, I do, but I am trying to move money out of coins to better diversify my portfolio in these uneasy economic times.