This is just a regular, common, 1921 D Morgan Dollar. Yes it's in MS-64 condition but you can get MS-64 1921 D Morgan Dollars by the dozen for less than $100. Does anyone else find it insane that APMEX is charging over $1,000 for this one just because of toning? The toning doesn't even look good in my opinion. What do you guys think?
They are always better in hand is the general rule. Too hard to judge from a photo for me to spend so much on. Unless you're on ebay, then everything is probably worse than the deceptive pics. Lol I like the color but I don't do toning really anyway
People are stupid and gullible lol... Edit: just looked up this one and noticed APMEX does not have pics of the obverse and also the reverse is facing the front of the slab confused...
Not the type of toning I like and the price is way to high. The prides of silver and silver coins is also crazy. You can’t keep up with it.
When submitting coins, you can request that the reverse be slabbed facing forward (often done if that side has nice toning).
Morgans from 1921 are difficult to find with nice color. They did not tend to be stored under the same conditions as earlier common dates (many of which were in bags that had sulfur applied), so that is part of the reason. This example has pretty nice color. It's not perfect but many toned collectors would pay a solid premium. The $1,179 price is optimistic but it did recently sell for $528 (June 2020 Stacks auction). https://auctions.stacksbowers.com/lots/view/3-N4WGW/1921-d-morgan-silver-dollar-ms-64-pcgs
By the way, the coin is also available on eBay for less: https://www.ebay.com/itm/303973675618?hash=item46c63e3262:g:HqoAAOSwFzFgcpzl Often when you see such items on Apmex, it is just Apmex listing items for certain dealers at even higher premium (I guess the idea is more people might see it on Apmex).
That one sold for $528 though which is less than half of what APMEX is asking. The toning does look similar though. Edit: Just realized it's the same coin xD. But I know my uncle bought me 3x 1921 D/P/S Morgans MS63 PCGS for like $200.
Oh really? APMEX acts as a marketplace? I always assumed that everything on APMEX was stored in an APMEX warehouse and being sold by APMEX. It makes sense though. I always wondered how they always seem to have such a huge variety of coins from all across the world and throughout all of history (including Ancients). Because I don't think I have ever been to a single dealer who had even close to 10% of what APMEX has for sale.
They do have a larger inventory than pretty much any other dealer. They also do act as a marketplace for other dealers-particularly for classic slabbed coins.
It's hard for an old timer like myself who grew up in an era when toning was just the first step toward corrosion and shunned. The idea of premiums for toning was as foreign as selling bottled water.
By the way, I was surprised to learn this too but the 1921-D Morgan in MS 64 has appreciated quite a bit lately. PCGS guide is $275 and recent eBay sales (for untoned examples) are in the $250-$300 range.
I think it was kept in an old, high sulfur album. I found a few like that in my Dad's sdb. The album.. a folder, really, was disintegrating.