The Toning Premium Thread

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While I agree that a coin has a value range, I do not agree that "a coin is worth what it will consistently sell for to an educated buyer" - particularly when you say "two overzealous bidders to run a coin up" "has a bearing on the outcome more times than not". If that is happening over 50% of the time, as you say, educated buyers are no longer the determining factor.

 

I would go further and say that if educated buyers are not setting the price then prices paid are unsustainable. Market professionals in most markets are able to predict prices to a large degree, they have to since they are the market makers. If these professionals are not adept at predicting prices then I would question the sustainability of those prices. This applies to any market, (real estate, tech stocks, beanie babies come to mind), but is especially worrisome as an extreme premium over a fairly certain value entity. This is why I am here reading and trying to use my two ears versus one mouth, to try to understand this market. I am just concerned that if advanced market participants and market makers are unable to predict pricing, how sustainable will it be? I mean, a 16d dime is expensive, but at least most everyone agrees with pricing and a buyer can reasonably expect to be able to sell this coin for close to what he paid for it. What if someone buys a pretty toned coin for the same price as a 16d? Can s/he really expect to be able to sell it to a dealer for what a 16d would bring when they paid 8x book value for a lower CDN coin?

 

Would it make this thread more educational if, rather than guessing on the nose what someone paid for a toned coin when he bought it, we offered a reasonable range of what the coin should fetch at present? Or, to keep it a contest, we could offer both.

 

Let me twist it a bit back at you.

First, how much is a 1955 Cadillac Fleetwood that has been in a wreck worth? $10,000? I am sure that you have seen "Antiques Roadshow". Sometimes pricing is not determined by just one group. Now if I tell you that Cadillac it is pink and Elvis owned it, you might just raise you price a bit. Point being that not all car prices are driven by car collectors. Not all "coin" (using the term very loosely) prices are driven by collectors. In fact, in your gold plated example, I would dare say no collector is buying them, but they are worth what they are selling for.

Second, how much are the 1896-O, 1900-O, and 1902-O micro "O" Morgans worth (were worth, if it makes you happier)? Were they not counterfeits and were not the collectors paying good money for them? Just how many more such instances do you think exist? The question here is not how much it is worth, but how good the counterfeiting really is. i.e. - counterfeits should not be considered here.

 

Since I haven't posted one let me post this and have folks take a guess...what I paid....it was purchased in 2008

 

Gorgeous coin. I'll take a stab and go low with $450. Less than 2.5x wholesale at the time.

 

She's a purdy one. I'll make a guess of $410. Nice premium for this one.

 

Shane, Now THAT is a monster!

PCGS price guide is $285 in 65, $600 in 66, and $3200 in 67.

Not being top pop or toppop-1 grade will hurt a bit, but I would guess it sold for between 66 and 67 money.

I will guess $1250, but with a coin like that at auction, it could go for quite a bit higher.

 

Probably because of he relative abundance of them, I get the impression that Morgans do not command the premium of other series. Were this one of Lehigh's Jeffersons, my guess is that he would do back flips to get it. However, bright rainbow with lots of green means expensive according to what I have been told. $850

 

While it seems counterintuitive, I would submit the exact OPPOSITE to be the case. Morgan Toners are valuable because there are so many of them. There are also more Morgan toner collectors, IMO, than toner collectors of any other series. Remember, coin valuation is 90% demand, 10% supply (or 80/20, or whatever). That is also true for these coins, in particular.

 

I concur, this is the first monster toner posted in this thread. A better date with unquestionable monster toning with no breaks and complete coverage of the obverse. The only thing that could possible hold this coin back would be the vibrance of the color related to the luster. The photos make it appear that the luster is muted just a tad. Even so, I bet this coin sold for at least 10X wholesale ($160 Numismedia). I don't even consider PCGS price guides.

My guess is $1900 almost 12X wholesale.

 

I'll go $2,500 and think it's a low guesstimate.

 

Wow, $410 to $2,500; do you think we've got the bases covered? Anyone want to go $350 or $3,500?

 

$975

 

$1050

if you paid less, than you made out like Jesse James

 

Hmm...it is very colorful and covers the whole obverse with a clean reverse. Higher grade and a better date.
I do like this one so I'll go with $1,425.