1897 RAINBOW MORGAN PAID 36$

I got this rainbow toned Morgan for $36 at my local coin shop.
has bright pin wheel shine on both sides when you rotate coin.
new to coins, and this is my 2nd post wondering what others thought
and if this was a good deal? if so I will go back and get others they had.
Thanks much!

 

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I think the toning on that Morgan is questionable and that you are better off dipping it. A collector should always be wary of a raw common date Morgan Dollar with supposed "rainbow toning". Certification increases value and liquidity, so a coin like this begs the question; why is it still raw? The answer is usually that the toning is questionable relegating it to a problem coin.

 

I'm not an expert in toned coins, and am posting mainly so I can learn more, but the colors of that toning don't look right to me. They look too deep. I would be suspicious about that one...

 

AT or NT, you'd be fine if you flipped it. I do think it's AT as well, just because the pattern doesn't look right, as well as it being on both sides. Seems most NT coins have somewhat of a symmetry when they tone, but I'm also no expert. I like the coin though, and wouldn't dip it, personally.

 

looks like AT.

 

I see what look like pull away at the date. It may be natural, but the images need to be much clearer to say one way or the other. The pattern is really unusual though.

 

I don't like the toning, at all, nor do I think going back to snatch up the rest a wise idea. While there are always the very few exceptions, generally speaking, a new collector shouldn't assume they can walk into a dealer, a supposed "professional" on some level, and walk out with a "pick" worth substantially more than the price paid unless a "new customer" gift.

 

I got these and a bunch of others for $25 each a couple of weeks ago. Deals can still be found, but they are few and far between to say the least.

 

Some dealer artificially tone AU coins to hide rub so that they can sell them as uncs. This looks that way to me.

 

I think it would look a lot better dipped. Just don't over-dip it. It doesn't take much to get pastel like his off, as it's not really hanging on anywhere.

 

You have absolutely no evidence this was done intentionally by the dealer, so why needlessly help to plant the seeds of paranoia into another new collector?

A good dealer can unquestionably be the collector's best friend, and this is particularly true for the new. Sure, there's a chance this guy is shady, yes, but maybe, just maybe, the OP bought something he doesn't yet understand? From what little evidence that has been thus far presented, the latter seems much more likely than the former.

 

I couldn't agree more. Most think buying only stabbed coins is the way to go for new collectors. I say that new collectors are much better off if they take a little time to find a knowledgeable and trustworthy dealer. They are absolutely invaluable in my opinion.

 

^I agree. Not to mention it usually doesn't hurt to make a few 'learning errors', as long as it wasn't learning on something like a '93-S. ~$30 mistakes are easy to recover from, and a small price to pay for the knowledge gained.

 

Yo, Joe. I think if you like the coin, you got a great deal. Toned Morgans can be a tricky market. Artificial toning has been rampant in the last several years. It can be very difficult to distinguish natural from artificial. Well there is my 2 cents. If you like the coin you did fine. If your trying to sell well, eeeh. Anyway nice coin. GL & HH!!!!!!!!!!!

 

Sorry to say but that Morgan is artificially toned and looks cleaned.

**Looks like it was cleaned then art. toned

 

I said some dealers do this becausebI have personally seen it. Look on ebay with the many dealers who have been discussed on these pages AT-ing coins and asking astronomical prices and suck unknowing people in. If you think all coin dealers, let alone most are saints, then you haven't been around the industry much. I would rather warn people than play patsies with them and not hurt their feelings.

 

Yes they are. And be up front with them about guaranteeing grades, or at least that an unc coin they sell would be bought back as an unc. And if they say the toning is natural, will they take it back if it comes back as questioable toning from a major grading service?

 

you learn as you go. this takes time and looking at many many coins....

 

That would be nice, but very unrealistic in my opinion. Even the most experienced dealers get back coins which have been slabbed as questionable color, cleaned and don't always necessarily agree with the grades that they get back after sending off a coin to a TPG. If they give their honest opinion and they it turns out to be different than the TPGs call it more often than not, it is probably time to find a different dealer. Most good dealer will get it right most of the time, but to expect a guarantee is just too much to ask beyond the authenticity of the coin itself; color and grades are nothing more than opinions that can differ widely even among the experts.

 

I would think the toning very questionable and also that the dealer knew it based on the selling price.