The Toning Premium Thread

I just bought this last night.
Any guesses on how much I paid? or what the toning premium should be?

NGC graded this coin as MS 63 STAR.

 

Log in or Sign up to hide this ad.

I dunno nothing about toned silver. You paid $450?

 

$125

 

How about $150?

 

At least $267 imo.. that pattern appears to be one that tends to drive premiums and the star is another kicker. I avoid these due to premiums, but must say that this is a nice coin.

 

I like the 2 prior guesses better but since they are taken I'll say 175.

 

will post the answer around 4pm (eastern time) today (Monday) ...

great guesses so far ...

by the way this is my first banded rainbow morgan and my first NGC STAR ("exceptional eye appeal") graded coin

 

It's a pleasant toner; congrats on the pickup!

The white holder prong top right is very blue so I'm guessing the blue toning in that area of the coin is not so intense in hand.

Some good guesses already; I need to step on blue62vette's toes a little with $170.

 

I will say 5X wholesale: $215

 

195.25

 

Its pluses are: obverse toning gets a premium over reverse, the colors are crisp and of course, the star. The minuses are the grade, date and lack of green which when present drives prices into the sky. I quickly thought since the market is a bit soft that my guess of $125 was going to be pretty close but I now think 40-50 more is going to win and now I'm totally confused but only 1 vote so we will see.

 

Here's the answer ...

On the 1883-O rainbow Morgan:

###########
I paid $197.50
###########



Holy cow redwin117 ... your guess of $195.25 practically hit it right on the head!
You are the winner!!

(A number of you were close ... Great job!)

The question is: is this a good deal? a fair price? or did I overpay?

The seller told me he thought the "market value" was between $220 and $260 (after I bought the coin), but isn't true market value what it sells for? (Plus a seller will probably always overvalue his inventory).

There were 13 bids on this coin, 4 bids over $150 and 2 bids over $190. So it appears the current "market" for this coin is in the $150s to $190's range (so perhaps a "fair mean market value" is around $175.00?) ... blu62vette you were smack dab on this mean market value range with your $175 guess ... (and many of you were very close!) ... so good job!

For those with the really high guesses, thank you, they made me feel better -- however that might be reflective of a stronger market for rainbows and I think the rainbow market might be softening a bit?

I thought this was a good candidate rainbow coin for me because I wanted striking obverse toning, price under $200, NGC grading, and a STAR designation (figuring if NGC thought it was exceptional visually, then it must look pretty good in hand). So the upshot is I was pretty happy with this. However to be fair, the coin is being shipped and I have not seen it in hand yet, it does have a 7-day return policy.

oval_man, thanks for the tip on the overly blue tab. I tried doing color adjustments in Photoshop to make the tabs on the right white, but then it made the coin look crazy. Also take note of the same overly blue tab in the reverse photo, where there is no tone (color) on the coin but just a fairly normal silver color. When I get the coin in hand, I will take another photo and post it just for comparison. Also I will let you all know if I decided to keep it or send it back for a refund after examining it in hand.

 

I think you paid a fair price for the coin. The seller obviously felt like the coin should have generated a 5-6X wholesale premium. I also thought it would sell for 5X wholesale. However, there were a number of bidders and forum members who thought the coin was worth 4X wholesale. In the end you paid 4.5X wholesale which seems to be the middle of the range 4-5X wholesale.

However, I don't think that the performance of this one coin should lead you to believe that the rainbow toned coin market is softening.

 

Good question. I certainly don't have the answer but otherwise agree with everything you say.

If I was forced to speculate, however, I would say that, maybe, whatever (metal flow, e.g.) prohibits toning from developing in NT might, in some cases, also do it in AT, which is a scary thought!

 

I noticed the blue (cool) on all tabs but chose the top right one for its convenience to the coin's toning.

I'm not sure what's happening in these photos; the reverse certainly isn't as cool-looking as the blue holder would suggest.

 

Good point. To be honest, i dont really follow the rainbow toned market that closely -- so you guys would have a better idea on the overall strength of the market. That being said, i would think that whenever there is a 4x to 6x premium on a coin, it would seem that there could be some "air" in the price -- and softness could appear fairly easily -- but i defer to your expertise on this issue!!

 

Looking at the photo of the entire slab above, it looks to me like the blue tone on the right hand side was due to a difference in lighting (less lighting on the right) causing a darker (and slightly more blue) slab coloration. The angled light source was done (I'm sure) to bring out the color on the coin. I am very curious to photograph the coin myself and post it here.

 

I just got this coin in the mail today and I wanted to post a photo I took with my iPhone vs. the sellers photo.

Certainly the seller's photo was a lot more colorful, but I still like the coin in hand. It's possible I don't know how to best photograph a toned coin. The photo I took was in indirect sunlight next to a big window (no artificial light at all). I might need to really ramp up the lighting to get better colors! Oval_man made the comment that he thought the coin would look less blue in hand (I have to say he hit the nail on the head!)



This was the sellers photo ... (note that I made the composite image using Abobe Photoshop)



All in all I still like the coin and decided to keep it.
(NGC liked the coin enough to put a STAR on it.)

 

The seller's photos appear to have been edited with a saturation enhancement using photoshop or someother photo editing software.

 

agreed ... i also think the seller's photo was taken under more intense lighting conditions (you can see substantial reflected lamp glare in his photo)