MS67 star Morgan

[FONT=&quot]Just bought this yesterday: a common date/mint, but an uncommon condition and toning pattern.

I have to say, the toning on this coin might be the most exquisite I’ve ever seen.[/FONT][FONT=&quot] My favorite part is the breathtakingly deep salmon pink color just above the date and then meandering into Liberty's hair surrounded by that great[/FONT][FONT=&quot] electric violet color. I haven't seen very many toned morgans with that purple and deep salmon pink color -- I think it's a fairly rare combination.

Even the blue and gold crescent on the reverse is stunning. There is a textile toning pattern, from the original canvas bag the coin was stored in (for decades probably), in front of Miss Liberty’s neck; however the photo didn't pick that up very well. That detail actually shows up better in hand.

I took these photos with my iPhone in indirect sunlight this afternoon. Just thought I would share this little bit of eye candy with the group.[/FONT]

 

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What a BEAUTIFUL coin! How much did that run you?

 

Take a guess at the cost. I am curious what you think. What do you think it's worth?

 

I'm shot. I'm going to take a shot in the dark and say in between $1,500 and $2,500.

 

I think you payed $1100 for that coin.

 

I also have one in same grade, I think yours look better.

 

Fabulous, WL. Very pretty.

I don't like to talk about prices paid so I'll pass on a guess. What matters is that you have a very lovely Morgan you enjoy.
Lance.

 

That is a beautiful Morgan. You should be very proud!

 

Very pretty. I know nothing about prices for these coins. The only thing I know is the silver content, but this is obviously worth more. When you said it was a common date and mm, I would have guessed less then 300, but seeing the other opinions, I think I'll just observe this time.

 

In terms of the cost for this coin, there are two answers to that question ....

In terms of "retail price", it was priced at $1380
($1380 is $100 over the ngc/numismedia price guide that lists an MS67 (no star, no toning) 1886 Morgan for $1280)

However my "out of pocket cost" for this coin was closer to $850

The reason for the confusing math is I acquired TWO toned Morgans by making an even swap for a 2009 American Gold Eagle that I paid $1000 for in 2009, which is how I calculated my "out of pocket" cost. So I didn't actually hand over any cash for these two toned Morgans, just a Gold Eagle that I bought 18 months ago for $1000. The second coin I got in the swap was a beautifully toned 1883 NGC MS64 that I valued around $150.

I like using gains in bullion coins to fund my (generally) "money losing" hobby of collecting rare coins, which is why I love having bullion around!

The dealer valued my bullion gold eagle at $1530, proceeds that was swapped for the two toned Morgans.

In any case, the price really doesn't matter that much to me. I bought this coin because I loved it (that's the best reason to buy a coin), and I have no interest in selling it.

The thing about these toned coins is they are unique, and you just can't go out in the market place and find one like it ... (like you could do for a brilliant white uncirculated coin, where there are thousands available). This is a one-of-a-kind item. How much is that worth? Who knows!

Good guesses on the price, coinguy and zach! You were both close.

lkeigwin, post yours ... I'd like to see it. I love looking at these high grade morgans.

 

A beautiful coin for sure! Impressive photos coming from a phone camera, too!

Chris

 

Just awesome!!

 

Thank you Chris and mpc!
My iphone does a decent job, but I am going to have BluCC Photos (http://bluccphotos.com) image this for me this Fall with some "real" photographic equipment.

 

great looking coin, thanks for sharing!

 

That coin is phenomenal WL! Thanks for sharing the photos.

 

You paid retail price for yours. I got mine for under 900 , your reverse is better though.

 

WWWWWWWOOOOOOWWWWWWWW.Truthfully I am jealous. But the thing is I know there are many great collectors here that take care of their coins for future generatoins. I know If I had a coin like that I would wait for grandchildren to give it to. But for now I can have plenty of time to acquire a GREAT collection.(Since im 11 and all.)

 

Awesome coin ! I see it is not for sale, would you consider a trade ? I'll offer my first wife !

 

Nice pickup, Winged; I was going to suggest you have someone such as Todd (BluCC) photograph your pieces but you're already on it!

 

ML94539, FANTATIC COIN!! And a great price too. Our two coins are like sisters, who knows maybe they spent a few decades together in the same Mint canvas bag. Is your toning pattern more copper or red? The dark photo doesn't do your coin justice ... even with that ... I still love the way it looks. I'd buy it!

Yes the pricing on these toned MS67 Morgans seems quite variable. I had an interesting dialog with Shane from KryptoniteCoins and he thinks the coin I bought would sell for somewhere between $800 and $1000 on ebay. (I thought it would bring something closer to $1500.)

So I did a search on completed listings and found this coin below had fired off for over $1500, same date and grade, but no star, and the toning isnt as nice.



I think these toned coins are hard to value because they are so unique, and all you need is two people that really want it and the price takes off.

Certainly regular white 1886 MS67s can be found for between $800 and $900 (in spite of the NGC/Numismedia price guide saying their value is $1280). I have always found this sort of discrepancy confusing as I thought the Numismedia price guide was based on auction results??

So I think you got a great deal on your nicely toned 67star for under $900, ML94539 !

Tell you one thing though, I didn't blink twice at the price of my coin. When I saw that thing, I knew I had to have it. Why? Because I go absolutely ga-ga over toned Morgans, and this was the nicest toning pattern I had ever seen.