OK, I've found a rainbow toned morgan I like in a PCGS slab

Discussion in 'Coin Chat' started by Omegaraptor, Feb 21, 2016.

  1. Omegaraptor

    Omegaraptor Gobrecht/Longacre Enthusiast

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    Costs $125. Worth it or not? Sorry I'm posting so many threads, I'm trying to find a rainbow toned Morgan I like.
     
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  3. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    Do you like it?

    Is it accurately graded?

    Do you have access to a price guide?

    Is it a reasonable premium for the toning?

    Is it worth it to you?

    We cannot answer these questions for you - only you can answer them.
     
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  4. Paul M.

    Paul M. Well-Known Member

    It's nice and good eye appeal for a MS-62, but I don't think the toning is worth a premium, and that price definitely has a premium attached.

    Edit: @physics-fan3.14 and I posted simultaneously. My answer represents, well, my answer to his questions. I would not buy that coin at that price.
     
  5. Omegaraptor

    Omegaraptor Gobrecht/Longacre Enthusiast

    OK. Better wait for a coin show to come up I guess.
     
  6. Cascade

    Cascade CAC Grader, Founding Member

    Ditto. 84o has some AMAZING toners *cough* @Mainebill *cough*

    I think you paid a bit too much for a 62 of that year mm with minimal coverage crecent. Although I will say that for a "sliver" crecent the colors and progression do pop :)
     
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  7. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    In response to my own questions: I like the coin. I think it is quite attractive. I also think, however, that it is an *extremely* strong premium for what is, ultimately, a common coin in a low grade with fairly standard crescent toning. Without the toning, the coin is $40. In my opinion, with the toning I'd go to $50, $60 if I just couldn't live without it. Under no circumstances would I go to $125.

    But, that's me. Your opinion may differ.
     
    mac266 and Paul M. like this.
  8. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    I think the OP is asking for opinions *before* he buys the coin. That is vastly preferable to the approach so many others take, posting after they buy something and asking if they got a good deal.
     
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  9. Santinidollar

    Santinidollar Supporter! Supporter

    That, IMO, is a huge premium to pay for not too much toning, though it is attractive. You can do better
     
  10. Omegaraptor

    Omegaraptor Gobrecht/Longacre Enthusiast

    Well, I'm giving up on ebay and just waiting for the next coin show.
     
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  11. iPen

    iPen Well-Known Member

    I think it has a nice story to it. Another Morgan overlapped it, probably in a bank bag for decades. And, the toning is like a rainbow in the sky in the background. But, it depends on how much value you place on that perspective to pay at that price point.
     
  12. Omegaraptor

    Omegaraptor Gobrecht/Longacre Enthusiast

    Yes, this is true.
     
  13. Mainebill

    Mainebill Bethany Danielle

    Way to much premium for a sliver of toning. On a baggy 62 too. For $125 you can often buy a nicely but not spectacular toned 64
     
  14. Mainebill

    Mainebill Bethany Danielle

    image.jpeg image.jpeg I bought this for less money and it had more appeal imo
     
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  15. Cascade

    Cascade CAC Grader, Founding Member

    Go to great collections and poke around. They have some ending today!
     
  16. Paul M.

    Paul M. Well-Known Member

    I have a double-sided rainbow toner with a crescent-shaped untoned area that I think has a better story. :)

    I would also prefer this coin to the rainbow toned coin. This one isn't at all flashy, but it has nice eye appeal and looks 1000% original.

    I'd keep looking at eBay, GC, etc. and hit up the next decent coin show you can make it to. The way to find nice coins is to look at a lot of coins. :)
     
  17. Cascade

    Cascade CAC Grader, Founding Member

    I picked this one up for $90 at long beach a couple weeks ago. Guy was asking $110

    And by freaking chance it's an... 84o... lol

    And it's better than 62 ;)

    Deals are out there so patients is KEY

    (Pics done by Todd Pollock of BluCC but have been downsized a little)

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  18. Markus1959

    Markus1959 Well-Known Member

  19. Cascade

    Cascade CAC Grader, Founding Member

    mac266 likes this.
  20. Paul M.

    Paul M. Well-Known Member

  21. Omegaraptor

    Omegaraptor Gobrecht/Longacre Enthusiast

    mac266 likes this.
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