Toned Morgan Uplift?

Here is an excerpt from an eBay Morgan seller regarding a toned coin he was selling (excuse the grammar and spelling). Validates the market view that I saw at the auction. Toned = uplift. Don't necessarily disagree that there shouldn't be an uplift, but just curious how high this premium will go and for how long. Same graded coins go for widely varied prices based on multiple factors all the time. Just interesting to see the toned varieties catching such interest in the market.

"The reserve: If you looking for a 20 to 30 dollar coin its not here. Good news you don't have far to go ebays loaded with 20 to 30 dollar cleaned problem Morgans, you'll be lucky to get 10 dollars when you go to sell them. Coin has not been cleaned and has no issues. It will grade MS by any grading company if it where to be sent in. In my opinion reserve is well under what the grade of the coin is, if its toned add a premium on to it they are worth more than blast white in the same grade. If you want a problem free Morgan for your collection here it is. If you collect junk Morgans eBay has plenty of them, I don't."

 

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You guys have got to be kidding me.

Morgans are the ONE SINGLE 19th century coin that has survived into relatively modern times in tremendous uncirculated quantities .

Blast white can absolutely be completely original on one of these coins, I have a number of them in GSA holders that are absolutely blast white, I mean white like paper. Do you think that the GSA was dipping them? Of course not.

We have documented proof and eyewitnesses of what these coins were like upon removal from the sealed mint bags that they had been sitting in for anywhere from over 50 to over 90 years. And some came out of the bags with rainbow toning, and others got toning in albums.

I have always taken AT to be toning that was caused by someone intentionally using accelerated methods.

I have always taken NT to be toning that occurs as part of the aging process of a coin, and generally caused by environmental factors.

 

Yeah - I've seen dozzens if not hundreds of these and they are not blast white, but thanks for the entertaining post.

Ruben

 

Your a bully

 

Seems decent to me but we should see it first

Ruben

 

I'm holding an 1882-CC in my hand right now... it's not gold, it's Silver, pure Silver. In fact, I am comparing it to a polished piece of solid silverware and I can't tell a color difference. And I have a good eye for slight color differences. I'm in Brooklyn every week, let me know when you want to see it in person

If you have Q David Bowers' book on Morgans, read pages 86-87, starting with the last paragraph on p86 and ending wit the second paragraph on p87.

I tend to trust what that man says, especially when it agrees with my own observations.

Bill

 

Hey Bill

Sure - come by and we'll share some scotch and play with coins.

First - blast white would be blast because the dipping removes some of the surface luster is gone. I've never seen any GSA Morgan look like a polished silver cup but when you come buy we'll polish the cup

Ruben

 

Let me guess, single malt, maybe Mcallan (18 year). Remember: DON'T DRINK AND DRIVE; DRINK AND POST INSTEAD.

Ruben, can you guess what my drink of choice is?

 

i have no idea but generally I drink whatever I can pick up and is in my budget. Gilmore last time, although of late I've been drinking quality burboun. Don't get the wrong idea. I don't drink often and only with company

Ruben

 

Me too, I only drink when I play poker. Wait a minute, that is 5 times a week. Nevermind.

 

No speck of toning = Blast White

Business strike Morgans are about the only coins of the 19th century you can find like this.

 

Oooohhh... single malt.....

Actually, I'm sipping on some port and nibbling on some Stilton and Carr's Table Water Crackers right now... heaven

 

Wow:bow:, i wish i could have got some credit for reading these things for my grad work..would have readily read it.
Thx for the enlightment..

 

I am a Johnny Walker Blue fan myself.

 

Well, truth be told if I am drinking anything, it's English Ale, but I am all out of it

Never was a big fan of blue.. I always thought it was kind of overrated, but that's just me.

Try some Bowmore 30yr old.... trust me, it's incredible.

 

I think if you compare that coin to a fresh silver coin you will find that it does have some subtle toning. Grab an uncirculated ASE if you have one and compare the colors. You should see that the Morgan has a slightly different tint to it while the ASE does not. On many Morgan's that's the extent of the toning. When coins are this old, generally they have changed a tiny bit at least. Simply because silver is reactive with the air, a little toning will occur. I'd imagine that some Morgan's were stored just right over the years and it didn't, but almost certainly there is a tiny bit there.

 

Well here's a bottle on me lehigh for showing all your beautiful toned coins and

Jazzcoins Joe

 

For the vast majority of them -- I would pay no premium. Like you said, finding toned Morgans ain't tough -- there are many thousands and thousands of them extant.

However, for the best of the best, I would pay a significant premium - but generally no more than the price for the next grade up....Mike

p.s. that MS 68 morgan ain't Lehigh's. I believe that coin is owned by Sunnywood (ATS).

 

Mike,

I made it very clear that this is not my coin and that it will be my life long ambition to obtain it if it ever hits the market again.

Just one question though. Does that mean that you would pay MS69 money for this coin?