33X Toning Premium for a 1945-S Jefferson Nickel NGC MS67*

I have been accused over the years of paying ridiculous moon money for toned coins, specifically rainbow toned Jefferson War Nickels. Apparently, there are some people who are even crazier than I am. The coin shown below sold for 33X Numismedia Wholesale in the 2013 Heritage Long Beach Sale. Please click on the photos below to view the auction listing.



This auction result almost makes me want to consign my registry collection to Heritage. I am interested in what you guys think about the quality of the toning on this piece, the originality, and the premium paid to obtain the coin.

This should be fun. :3three:

 

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That's not moon money... That's Mars money!

 

I was going to bid $400 with the intention of try to make $100 profit by selling it on E-Bay. When I went to the listing last night, I almost fell of my chair.

 

The premium is beyond insane. That is more than moon money. Is it a beautiful coin? YES. As regards originality, apparently NGC gives it market acceptability. However, I'd never in my wildest dreams pay that kind of money, no matter how beautiful the coins is. The person who paid it is definitely crazier than you, Paul. The coin is a very common date, and has minimal exclusivity, as I am sure that there are other attractively toned examples of that date. Out of the 1679 that NGC has graded at that date, I am sure there's another one that is equally or more eye appealing, and would sell for a fraction of that insane amount.

 

What was the final hammer price? When I click the photos, I just get larger photos.

edit: Ok, I got it.

 

I would have gone no more than 32x.

 

lol.

I mean, we all like toned nickels, but holy smokes... Who can like them that much?

Can someone tell me the pop for a 45-S 67* at NGC? Did that have anything to do with the Uranus money paid for it?

 

Paul, about the toning on this one. I think the colors are somewhat attractive. However, it's splotchy pattern and the abrupt color changes on the reverse do not make feel warm and fuzzy about it.
The overall toning doesn't jump out at me as being that kind of premium.
I realize it's a scanned image, but I have a pretty good idea on what it looks like.
I suspect it looks like this one I have. I'm not trying to spam the post with images, but the similarities are noticeable, in my opinion. At least on the obverse.

 

In hand I think the obverse is probably nice (although I'm pretty sure I'd like your similar one better - especially if those white spots on the moon money nickel are as distracting as they potentially could be), but I was thinking along the same lines as you regarding the reverse.

 

The NGC population for a 1945-S NGC MS67 is 1679/3 with 41/1 being MS67*. It is one of the easier war nickel dates to find in MS67*. Now I understand that the toning on the coin in question is incredibly unusual, but that is often a bad thing in the toning world. How did the obverse develop album toning while the reverse picked up EOR toning?

For a point of reference, here is a photo of my 1945-S NGC MS67* Appalachian which I paid $800 for 5 years ago.



And I thought I was buried!

 

This was my thought exactly. The abrupt color changes on the reverse certainly are explained by EOR. Then I couldn't understand how the obverse would have that kind of color or pattern for that matter if it was an EOR nickel.

The Appalachian is a different animal if you ask me. The colors and patterns are unique to those nickels.
Putting aside the questionable patterns together, the one from your original post show colors and patterns that are seen often, or at least once in awhile.

 

WOW

 

I did not see this coin in hand. However I am willing to bet the pics are very misleading. Had any of us seen it in hand I believe we may have fell out of our chairs. I doubt that a few blow joes bid this one up. Most likely a couple of experienced collectors who fell out of there chairs. Given what the go for in 68 it may not be so ridiculous.

I hope this coin gets posted on one of the forums with excellent pics.

 

I won't be completely honest, because I may get banned, but I think it's absurd.

 

lol.

 

I think that the combination of pinkish magenta and orange on the reverse is quite an unusual color scheme. The obverse pattern and colors are pretty common though. I would have liked to seen this coin in hand. My other concern is that this coin had a cousin in the same auction that reached a similarly ridiculous premium and also sold for $1880.



Color me confused!

 

I bet the seller was thrilled..

 

No doubt, I just hope there was no medical attention given.

 

Geez, I don't know what to say.

 

What's the big deal though? $1880 is chump change for some folks. If I was a millionaire and I absolutely had to have that coin, well...