1883-O Morgan textile Toned MS65 whats it worth

John, it is your coin. What do you value it?

 

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That is the issue and why I asked the question. The coin is atypical and that can in it's self can bring a premium. The coin is very lustrous despite the soft strike which is common for this date and mint mark, when in hand under ambient lighting the coin is darker looking than the images and looks gorgeous and under the best lighting for the potential of the coin it is even better. The textile toning shows as green spots which is rare in that color on any coin and is worthy of an extra premium. These things along with it being a VAM 52(of interest to some) are making it hard for me to determine a value.

 

Doug , what about on her cheek ?

 

I tend to agree with the others that this does not appear to be textile toning. There is some spotting that vaguely resembles a textile pattern, but IMHO it is not consistent enough to warrant the "textile" label that brings that additional premium. I still believe it to be a very nice coin with a nice premium...but with textile toning, collectors want to see strong and consistent patterns which this coin lacks.

This is not entirely accurate. The 1883-O had a very wide range of strike quality. While soft strikes are certainly easy to find, so are nicely struck examples.

 

All textile toned Morgans are not the same as it depends on how the contact with the material was made. Morgans that are extremely consistent across the surface are highly suspect to me as the coin has a varied surface. . This one is different colors but I assure you it is textile toned.Here are some modified images of this coin to help those that are having problems seeing the symmetrical green dots and I have even placed an arrow pointing the direction that the dots are running in a straight line. I hope this helps.

 

Thank you for taking the time to show us who disagree your reasoning as to why it is textile toning. You said you have shown it and even passed it around to others to photograph, and have in hand to view. I appreciate your patience and perseverance in doing this. However back to your original question as to value, I wonder what the experts you referred it to, valued it, if they did offer, as well as the ones who have it in hand. It is a colorful dollar.

True , the surface is varied as you say, but the green toning is found in both high surface areas, such as on the cheek , as well as very low surface areas with small openings such as the ear canal. If a textile toned coin is in direct contact with the bag material, and under tension of the weight of the rest of the coins, how can such occur?

 

John, I agree that the spots are the product of textile toning but they are not prominent enough to attract the "textile toned" collectors to pay a significant premium over the premium that the overall toning would generate IMO. That said, the coin appears to have extremely attractive toning and I would expect that the coin would drive a price of $500-$800 depending upon the luster and accuracy of the assigned grade. What generation NGC slab does this coin reside and does it have a star designation?

Paul

 

Paul it is a older small ANACS holder. I will be crossing it to PCGS when I get the coin back. The luster on this coin is booming in hand. I have a thread running on Collectors Universe regarding imaging this coin. It is being imaged by over 15 different people some of which are very well know in the coin community for imaging coins. Destergem as to your question about what the experts have stated, they have stated a value any where from 1000.00 to 5000.00 and yes they are well know experts. I wanted to see what would be said over here as I know some posters on CU post here on occasion. For any that want to see the imaging thread just send me a msg as I dont know if I can post a link to another board. You will get a good idea of the coin in hand and will also be able to see how people who are good at imaging coins are doing so including setups etc...

 

I can maybe see $1000 but $5000 is way too high IMHO . Then again if two people with deep pockets want it I guess any price is possible . But I think Paul (Lehigh 96) know toned coins as well as anyone and would go by his price .

 

I found several threads about that coin on the CU forum but not the photograph thread. I have posted links to threads from the CU forum here many times; it is not against the rules. The only photo I could find over there is this one:



If that photo accurately represents the appearance of the coin then I will stick with my original evaluation of the value of the coin: $500-$800. It is possible that you might get more money in a PCGS holder but I think TDN was pulling your leg with his quote of $5K for that coin. All of the other estimates I saw were similar to mine: $500-$1000. IMO, anything over $1K for this coin would constitute "moon money" and the owner would be buried.

I am pretty good at numismatic photography. PM me if you are interested in having me be the 16th photographer.

 

I would agree that it is textile toned, but that's about it. I don't expect that it will cross over as a 65 with the heavy abrasion on the cheek, and your price estimate is over the moon. There is a good dozen or so comparable very nicely textile toned Morgans on eBay at the moment with the most expensive one with a BIN of $900.00. If I were considering your coin for purchase, I'd be in the $400 range.

 

There are no abrasions on the cheek they are actually roller marks. The surfaces of the coin are very clean. The strike is soft and that is limiting the grade.Leihigh are you on CU or can someone vouch for you,if so i would be glad to have you image the coin. I do not actually think TDNwas messing with me at the time because of other interactions. I am at football practice right now but when i get home i will get you the link. My own evaluation of the coin would be around 1500.00 because it is not a run of the mill coin and i really like the green on the coin, i also like the reverse of the coin very much for the die cracks and luster. As to the dots being in the devices it was determined to most likely be from burlap and not a cotton bag.

 

I can see the coin getting a 65 at PCGS or NGC . But if the new pic is accurate I'd say $600 tops . Is the pic accurate ?

 

Not very accurate as it was taken with an intigrated flash as i said i will post the link or someone else can but it will be after 8 pm

 

If the coin grades a MS65, then I would say its worth 400.00 to 500.00

 

Thank you for your time and opinion.

 

Here is the link to the imaging information thread on my Morgan dollar. You will be able to see many images of the coin along with information on imaging coins.
http://forums.collectors.com/messageview.cfm?catid=26&threadid=923211
http://forums.collectors.com/messageview.cfm?catid=26&threadid=923211

 

I am on CU forum but I don't post there much because I don't like the software. After viewing the photos, I don't think there is any chance that I will do better than Mike or Ray. I wanna see Bob's photos (Robec)! When is he getting a shot at this coin?

That said, you are not going to get anywhere near $1K until this coin resides in either an NGC or PCGS MS65 holder. Personally, I think that small ANACS grading is just as good as NGC or PCGS, but there are too many kool-aid drinkers out there who will insist on top tier plastic before paying a huge premium for a coin like this. If you get this coin in an MS65 NGC or PCGS holder, I still think that $1K is an optimistic price.

As for TDN, he is a very knowledgeable numismatist but a valuation of $5K for this coin is not realistic. Unless he can divulge his reasons why this coin would drive a premium of 25X retail, I think you should assume he was being hyperbolic.