The Toning Premium Thread Part 2

I sold better for far less. Had several monster toners in 64-5 slabs with beans I sold in the 6-800 range. Everyone here knows I love toned coins and most probably remember my toned Morgan’s most are now gone that’s stupid money. I sold a similar color ms 64 cac 87 for $700 and it wasn’t a fast sell

 

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Agreed, even my best Great Falls and Battle Creek MS64s sold In that $600-$800 range. Now if this coin were a premium gem, then I could understand a several thousand dollar price tag.

 

It's funny you say that because one of the Northern Lights Morgan Dollars that ended up in a superb gem holder was in a 64 holder and was resubmitted multiple times to get the upgrade. The coin fetched North of $30k.

For the record though, I agree with all of you that I would have never paid that much for it. While I owned it, I was not the purchaser at GC and I paid less.

 

The toning market has really changed in the last several years. I sold, within three days of listing, a solid green obverse PCGS MS64 battle creek 1886 Morgan for $2500 one Christmas about three or four years ago. I've sold far less attractive coins for the $700-$800 range with what I consider mediocre quality color.

I miss all of the good deals. Please keep me in mind in the future.

 

It's a bifurcated (really trifurcated market) not unlike the rest. The tip top color wise are stronger than ever. The middle quality have declined some, but are still in strong demand. The nice but average or insignificant amount of toning coins are not doing as well as they were previously. Overall the toning market seems better than the generic market. YMMV.

 

If Tom doesn't post one, I have another that will absolutely blow your mind @Lehigh96.

 

My comment was sarcastic, but I agree that the different levels are going in divergent directions. That said, paying thousands for toned MS64 common date Morgan Dollars is a fools errand that will place the buyer in a situation where they are eternally buried unless the toning is so go that it can achieve an upgrade simply by the quality of the toning in spite of the surfaces. The coin you just posted does not fall into that category, while the Northern Lights coin you reference most likely does. Another coin that will fall into that category is the $100K Franklin Half Dollar.

 

Not having read all 285 pages there was a study done on toned coins. Does not the toning colors need to follow a certain pattern of colors such as ROYGBIV - not exactly this pattern but this study confirmed a genuine toned coin the color from one color to the next is "fixed" say on a Morgan or a 90% Ag/5% Cu coin? John Lorenzo - New Jersey.

 

I agree with Lehigh96 that those folks who'll pay these massive premiums are playing a dangerous game, which, luckily or unluckily, I can't afford to play
I find it agreeable to have a very subjective area such as toning to drive collectors (nuts), all the while being wary of huge premiums for UGLY toning, OGH, CAC etc. The OGH might be my pet peeve. Sellers stack premium upon premium, including toning/eye appeal that is already accounted for in the overall grade. So they'll start at the PCGS max price for the coin, tack on 30% for the OGH, CAC another 50% until you've got one of those 64s that cost 300 + doll hairs. I'm about outta dolls

 

I’d say it’s even more complicated than a trifurcated market. I’ve seen mediocre to unattractive color bid up higher than before in recent auctions. Nice but not monster coins that were going for $100-$200 in the 2015-2016 period have been double in quite a few cases. And there are always some coins that slip by in auctions and go for less.

In general, I agree that the high end are stronger than ever. However, the rest are a mixed bag (with some setting new records, some staying relatively steady, and others slipping lower).

 

I would guess about $350 but wouldn't pay that myself. Love toned silver but not too crazy about this one.

 

I wasn’t one of those that called toning a fad, so my comment won’t change many minds. Now if you got someone like the infamous V. Kurt Bellman to make that comment, then that would be something.

 

Go ahead and post it.

I have an interesting MS 62 toner to post eventually (unless that’s the one you were thinking of).

 

I'll let you go ahead and post. I was only going to double post to keep the thread going.

 

I'll post the 62 since it was an interesting one, but I'd still like to see you post the example you mentioned (I'm curious to hear/see what it was).

 

This is the Morgan I'm referencing. What do you all think it sold for?
Price guide is in the $30-$40 range.
Don't cheat either.

 

My initial reaction is 10-12x wholesale, so my guess is $480.

Based on the conversation leading up to it, and the warning about not cheating, I’m guessing it sold for much more than that. And whomever paid more than that for an MS62 Morgan with dreadful obverse surfaces, is a fool. In essence, the grade of this coin relegates it to problem coin status.

 

$150-$175

 

I'm sure the sticker tacked on some too so my guess my have been a little low.

 

$750. The obverse shouldn’t matter. The reverse is much cleaner and is the only reason for buying an otherwise common coin.