Valuating pedigrees, hoards, +, and star designations

How much extra value by percentage do people feel all these designations add and if they stack does it create even more of a percentage premium? Long story short I found a Morgan I'm considering for my set. Not that prestigious of a hoard. Common date. Nice toning but not rainbow. High grade. Got a star. Seller wants 3x price guides/greysheet for the grade and after a brief discussion seems content to sit on it until someone buys it at the price they want.
I'm open minded. Maybe I'm underestimating the uniqueness of it. Though there are thousands graded higher. If it sells right away it's priced too cheap but if it sits there with a bunch of people watching but not buying, it's not seen as being priced too high. Holding out for top dollar is the way to do it I guess.

 

Log in or Sign up to hide this ad.

I would have to see the coin Vess, I realize that certain premiums haven't settle into the price guides yet, so I don't mind paying up a little for a coin I like. Three times seems a bit over the top.

 

3x pricing and non negotiable, sounds like dealer doesn't really want to sell.

 

Nope, nope that's not it. He just wants to sit on it, Hey! (Fonzie impression).

 

Toned Morgans continue to see strong results. I have been surprised by quite a few that I considered "average" toners that still brought big money. Given the current market and the difficulty of replacing a coin, I can see why someone would hold out for top dollar. I also would not want to pay top dollar for a coin that is nice but not amazing.

 

It’s probably the toning that he wants that 3X price. I’d pass and use his money on a coin that I really want or need.

 

In terms of Morgan hoards that have an extra premium, the Battle Creek Collection is up there. It is among the best known and features quite a few higher end toning examples. It also has plenty of average coins and those still sell for a solid premium.

Other hoards that are well known and carry a premium include GSA, Binion and Redfield. While these have toners among them, they are not strictly associated with toned Morgan hoards like Battle Creek.

Then you have others that are less well known like Great Falls, Olathe, Continental Bank, etc. They can sell for decent premiums too but the sales history is more sparse and strong color tends to impact the price more than the hoard itself.

 

It’s not a Battle Creek or red field. The reverse is blast white and looks like a 67.

 

To me personally, I think that pedigrees are nice and might add a little to value if they mean something. For example I own an 1800 Bolender 20 dollar which was the discovery piece he mentioned in his book and the plate coin in the book. It was graded EF-45 years ago and AU-58 now. It’s still tied as the finest known for the variety which is probably up 40 known pieces. There is a premium there for me, but only maybe 10%.

Other pedigrees for run of the mile stuff mean nothing to me.

Stars and “+” on the grade mean nothing to me. If I like it; I buy. If I don’t like it; I pass.

 

@ddddd I've posted the one in question above. Its a 66* so due to that and the toning he wants twice what 66+'s are selling for and even more than what a 67 recently sold for. I just removed it from my watch list. It's interesting and looks nice but I'm not playing the "bigger fool" game this time. Somebody else can.

 

Well said sir. That's really what it all boils down to.

 

I am not a fan from what I can see. I personally would not want it at any premium. Now someone would pay more but I can't see 2x-3x premium as it is not colorful enough.

 

After talking with him yesterday the guy raised the price even more. I don’t know why he doesn’t just put it in his personal collection. Wants moon money for that.

 

+1

In addition, based on that photo, I have no idea how that coin got a star out of NGC.

 

Idk. I was willing to pay a premium for it but not his premium. Sellers photo here looks better than NGCs photo when I checked it out. There’s was too dark to see the color it had. It’s an 1881-S so there’s over 7k+ graded higher at NGC alone. I need an 81-S to the registry. But plenty to choose from.

 

Sometimes the raise the price method works but I don't see it here.

 

Yes one of the headscratchers from NGC.

 

Being an 1881-S makes it worse in my opinion as those tend to come nice often so it is even more disappointing to me.

 

The criteria to get a star is three graders have to agree to give it so it's not an easy thing to get usually. I was going to say I'm equally amazed at some of the coins out there that did not receive stars.

 

I have seen examples in both directions and we even had a game dedicated to it some years ago.
https://www.cointalk.com/threads/to-star-or-not-to-star-official-game-thread.332059/

Edit: looks like you took part in the thread too.