The ultimate Morgan?

While playing out toned Morgan game, I ran across pictures of this unusual Morgan (I often search the web for some of my former coins, to see what they have resold for, and if the had a change in grade). As many know, 5 years ago, I sold 475 of my toned Morgans—200 of them by consignment on eBay, doing very nicely. 200 of them went in high end auctions, and the rest were sold privately to selective collectors.

At any rate, I found this specimen when looking through Bowers and Merena auctions, I found this incredible Morgan. NO, it is not and never was mine—it priced itself out of my league long ago. For your information, it is a toned 1881 PR 68, that sold in 2006 for $89,950.

I invite comments and thoughts on this coin.

 

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Nice piece! Shame about the corrosion.

 

I see no corrosion. Just highly premium toning.

 

Clearly!

 

One of my goals is to eventually add a proof Morgan and that is a very nice one.
To me though, the business strike examples tend to have better colors than proofs. I would personally rather have "The Moose" or one of the other monster business strikes.

 

14 years later, I wonder what it would sell for today?

 

Wow very nice..........that pops.....

 

I am a big fan of that type of toning ... ( see my avatar )
Out of my league though :/

 

That coin is awesome. I am not a huge fan of rainbow toning generally speaking, but when it looks like that on a PR 68 its freaking awesome. I started my quest to complete a 98 piece Morgan set last year, and i one day hope to have a coin anywhere near that spectacular.

 

Pretty coin with very clean surfaces. Even without the gorgeous toning it would be an expensive coin.

 

There are a couple of really nice Morgan proofs on ebay right now. All WAY out of my price range:

$59,800 obo:



Personally, I like the deep cams:

$29,500:



$16,850:


$11,400


One can dream....

 

That 1888 should be graded higher than 66!

 

She has the trueview. Wowza....

 

Tell me, how does a proof tone like this? I know toning on business strikes is the result of storage in sulfur treated sacks. Is toning of proofs the result of packaging?

 

It all depends on how/where it is stored. If it was stored in a safe deposit box, it would most likely be stored with other things which contain various elements/compounds.

 

Some of these proofs were stored in felt lined boxes or cabinets, which also could cause the toning.

 

Perhaps @johnmilton would know. Were some of the older proofs placed in Kraft envelopes?

 

Yes, it is package toning. I think they were originally paper packed.

 

The older Proofs could have been placed in most anything. It is my understanding that the older Proofs were sold wrapped in tissue paper. In quite a few cases, that resulted in some spectacular toning, so long as it didn't go too far.

What's too far? When a Proof coin turns black and the mirrors are gone or diminished considerably, that's too far. I have seen such coins in high grade, TPG holders.

Here is the Proof Morgan that is in my type set. It's an NGC PR-64. The red spot is from my camera. I'll take a better picture some day if I can ever get into my safe deposit box again. I don't understand why this piece didn't get a Cameo.

 

I like it. Great coin!!