I've been scanning the world wide web, and ran across this 1958 Quarter. I love the obverse, but am not really sure how much this kind of tonning adds to value. It is slabbed by PCGS at a grade of 66. I ended up paying $80 for it. What are your thoughts on this one, and how much do you believe I overpaid? TYVM
Greysheet/book value puts a 1958 MS65 at around $20. The problem I have with toned coins is, it's really up to the buyer if they're willing to shell out more money for them. You made the coin worth $80 cause that's what you were willing to pay. Myself, I wouldn't have paid more than $25 since I don't judge value by toning but by the actual coin itself. If you felt you overpaid, then you did. If you're happy with the coin, then you won.
Can't believe I agree with rodeoclown but he's right. See... premium on toned coins are based on what a "toned coin" collector is willing to pay for the coin. In fact, although greysheet prices it at $20.00, a toned coin can bring 10x times that of a regular "blazing white" coin. It all depends on the fact that you liked the coin and were willing to pay the $80.00 on it. I bet that when you placed your bid (and won), another collector forgot to bid and was willing to pay more, just to add it to their collection. IMO, what you paid for that particular quarter and the toning on it, you did good. Beautiful coin, enjoy it and congratulations.
Here's 3 different links to realized auctions for a 1958 MS66 quarter, all in either Sept. or Oct. of 2011. The realized prices are $26, $36, and $79, respectively. http://coins.ha.com/c/item.zx?saleNo=131137&lotNo=26993 http://coins.ha.com/c/item.zx?saleNo=1160&lotNo=8384 http://coins.ha.com/c/item.zx?saleNo=131143&lotNo=28322 Now, ask your question about those 3 coins. Can you explain the reason for the wide range in prices ? And wonder of wonders, the NGC coin is the one that sold for double or more than both the PCGS coins. And believe it or not, that is the same subject as the question you are asking. Answer that question, and you'll have the answer to your question.
The NGC sold for more because there were 5 coins not 1. And even so, the NGC ones sold for much less than that of the PCGS coins which shows you that because of the slab, people pay a little more. Either way, toning is the factor of the high bids on the OPs coin IMO.
The toning on this coin is not worth $80 to me. Maybe an extra $2.50 above the value of $20, but not $60.
That is an attractive coin. As long as you are happy with it that's all that matters. Buying toned coins for a premium is fine, as long as you understand that when/if you ever go to sell you may not find anyone who likes that particular coins toning as much as you did.
I like the coin and it has some more value graded 66 - now 60 dollars more? Could be. I think I saw a MS68 1965 quarter for a whole lot more and people were oohing and aahing over it.I'd say it's a nice coin to have.
