Does this seem like a low price for this coin?

http://cgi.ebay.com/1886-MORGAN-SIL...yZ139811QQssPageNameZWDVWQQrdZ1QQcmdZViewItem
$311

 

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Not really. Numismedia wholesale for an 1886 MS66 Morgan is $330 but the prices realized at auction for Heritage lately have been under $300. The toning on this coin is nice, but not nice enough to drive a significant premium. If the coin was an MS64 with the same toning, you could probably expect it to go for about 2X wholesale.

 

does that still seem like a 66 to you since it was slabbed?

Ruben

 

Thanks for answering his question with a question. I am sure that helped.

 

Toning probably hurts this coins value..

 

the cheek is clean

 

The toning is nice and that is why I was wondering if it seemed like a good deal to anyone (I did not buy it, just wondering).

 

Depends how U like toning! Personally I like toning and would pay extra for a well toned coin. I think this is a great price for this coin.

 

Me too. I don't know if I really like this toning but there are many coins out there with outstanding toning and definitely worth a premium to me.

 

I happen to notice that you don't provide a reason why it hurts the value of the coin. You simply state that is does as a matter of fact.

In truth, toning of this nature will never decrease the value of a coin. It may not be worthy of a premium, but it certainly does not detract from the eye appeal or value.

 

toning is damage...where will this coin be in 50 years?

 

Toning is unavoidable over a long period of time for a raw coin. However, a slabbed coin kept in the right storage conditions will not continue to tone and the appearance of the coin will not change significantly no matter how much time expires.

It is a shame that he blocked me, because he actually could learn a lot from me if he wasn't so close-minded.

 

I think when it went into the slab it might not have been toned, and now look at it!

Ruben

 

And of course, you have no evidence of that. If you can explain to me how a coin would tone that dramatically in a slab I would be amazed.

This comment leads me to believe that you don't even understand the basics of toning.

 

also - you'll notice that the obverse is tones, and not so much the reverse. In fact, it looks like the face is chipping off the coin. So you should consider that.

You might be able to save this coin if you dip it.

Ruben

 

and this seller has 3 Morgans with virtually the same toning...very suspicious. I'd get an opinion of someone how is an expert in toning before touching that likely damaged coin...

Ruben

 

If you would open your eyes and ears, that is exactly what he has. Too bad you chose to ignore it.

 

I hear yellow toning is almost always artificial and destructive from acid. Once they tone they're corrosion accelerates quite quickly.