A Great Falls Collection Toned Morgan at GC (ex Lehigh96 collection?)

I was following this coin at GC tonight (did not win) and while looking back at the threads from yesteryear, I noticed that @Lehigh96 had posted it while discussing the Great Falls Collection. This coin originally sold at Heritage in 2007 as part of a 3 coin lot for 2,185. Today it brought $1,433.23 on its own. Someone has reholdered it since the original auction and received the CAC sticker.


https://www.greatcollections.com/Co...6-152--CAC-Green-Toned-Great-Falls-Collection




Here is the Heritage listing with the 3 coins:

https://coins.ha.com/itm/morgan-dol...a/430-5441.s?ic4=GalleryView-Thumbnail-071515

 

Log in or Sign up to hide this ad.

I remember that coin, dynamite eye appeal as were most of the Great Falls Morgan Dollars.



I miss my toned Morgan collection.

 

You can always get back into Morgans

By the way, is the price (from GC's auction) surprising to you or does it seem reasonable?

 

Collecting toned Morgan Dollars is expensive and I don't have the funds to collect what I would want in that arena. The price of this coin is evidence of that. To me it is very high, like double what it should be, but not surprising.

 

The three coins in the Heritage sale were essentially identical, so about $700 each. It doesn't surprise me that the price doubled in 18 years. Most coins have gone up a lot and the toning craze really took off during those 18 years.

 

To me, the coin that sold at GC was the weakest of the three. I would rank the other obverse toner as the top coin and the reverse toner as the second best (maybe even the best if obverse toners did not carry extra weight).

And I'm not surprised that the price increased either given the toner market but I did not think this particular coin was worth over $1k even in today's world. I would have had it in the $700-$900 range. I would value the other two examples at over $1k.

 

That's fair; there is more value to be had in other areas. Some Morgan toner prices have exploded beyond what I thought was possible.