Value of a Plus Star Toned Morgan Dollar

Hello all,

We recently had a thread about a Morgan with the plus star combination.
See here:
https://www.cointalk.com/threads/pricing-ngc-single-known-morgan.271559/

Since toners can be tricky in pricing, I was wondering what people think about this one. What would you be willing to pay for this (note: I'm not selling this, just looking for opinions of value).

 

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It's difficult to put a value on a coin like this. If it were placed at auction, the outcome would depend on the number of people interested in it. Some people might be turned off by the fingerprint. Some people might not care for the toning.

I remember an occasion when I was bidding on a nicely toned 1884-CC, NGC MS65 and it sold for $1200, just a little more than my bid. A couple of weeks later, another toned 1884-CC, NGC MS65 surfaced that was almost identical in toning. I placed a snipe bid of $1250 hoping to ensure that I would win. When the auction closed, I was the winner at $511. Go figure!

Chris

 

Since I personally dont like the coin I wouldnt buy it. To me the color on this coin would bring very little if any premium, now the prooflikeness in the reverse if present in the Obv also may bring more than the color imo

 

On the scale of toners, this is a midrange coin, I think. The color is really nice, but covers only a small area and has interruptions. No doubt a value well into 65 territory, but this is not a difficult coin in that technical grade range (PCGS and NGC have slabbed almost fifty thousand 1885-O's in MS65 between them) so any premium the coin brings will be only because of the toning.

 

No premium on this one, IMHO

 

The coin is going to bring a premium, there is no doubt about that, but how much? Personally, the toning from that photo is not that spectacular and I'm surprised it got a star. My guess is that the toning has more vibrancy in hand. Still the 1885-O is a common date and sells for $75-$100 in MS64+. The toning will probably generate 2-3X the price of an untoned coin. Based on the photo, I would use the low end and say the coin should sell between $150-$225. If I were selling it I would list it at $225 BIN or BO and accept any offer above $175.

I know you asked how much I would be willing to pay for it, but for me, that number is directly linked to what I think I could sell it for.

 

Common date mediocre toning. I don't find this one attractive Common date to find with nice color too. Even in high grade I've had quite a few of this date in 65 and better with good color A $125 coin tops as far as I'm concerned

 

I agree 100% with @Lehigh96. I would not personally buy this coin for my collection because of the fingerprint and the lack of color on the reverse, but it is nice and deserving of at least some premium. I don't think 2x is out of line.

 

Nice one for Sure.

Problem is 1888-O has a high mintage a lot Toned well.

 

It doesn't do any thing for me...I would just pass it by

 

As usual, there's not a crack in your reasoning. I believe the real world is a bit less authoritative than Lehigh96, and would irrationally(?, personal opinion there) bid it above $250, but I doubt it'd reach $300.

 

This is the type of toner that will pass from dealer to dealer more than it will stay put in a collection. It's ok overall but being such a common coin with a large fingerprint in THE focal area and the splotches behind the hair kill it imho

I really do want to like this one but unfortunately I cannot

Did you check the pop for an 85o 64+ with star like IL's from his thread? That could Trump everything if it's a 1 of 1 designation like his

 

In the love it or leave it crowd . ....I wouldn't even take a second look! To pay a premium for that no way.

 

For me, the thumb print isn't as irritating as the area from 4:00 to 5:00 on the obverse. I think the coin is pretty attractive, but I would like it more if that untoned patch wasn't there. No clue about value though. All you need are two bidders that really love the coin and it could go anywhere. However if you have only one bidder that really loves it, the result could be disappointing.

 

Maybe a little bit of juice there, but I gotta re-emphasize the ridiculous Populations we're talking about. There are 150,000 of these in MS64 slabs in addition to the 50k MS65's I mentioned above and it's not like MS66 is enough value added to suggest cracking; that's still only a $250-ish coin and NGC added 14 more in the last couple months. If it's any indication, there are only 5 other Morgan issues with greater numbers of recorded transactions at PCGS' auction archive....

That said, a brief search didn't turn up any other 64's with both Star and Plus. It's a selling point, for an issue with few selling points.

As an aside, underlying this is the reason for my "Free the cartwheels" title. Why, exactly, do 150,000 1885-O Morgans need to be in slabs? Plainly they ain't uncommon, and you're not hurting anything by cracking the one you have and holding history in your hand. It's not difficult to handle a nice Morgan safely outside the slab, and it's high time more collectors had the feeling. Take them back from the TPG's.

 

No thanks,BIG fingerprint,5'oclock area of missing "toneing" and too many contact marks for me ....

 

I believe there are 8 ms 64 +* for this date. So not rare, but nowhere near as common as a regular ms 64 or ms 65.

 

Yeah that finger print is a issue to me to. But not to the Expert's at Ngc. Star are hard to get add to any grade but it has a finger print but toning is the real Star. No matter how much we think.
Population is mute due to cracked outs and other factors.

 

Point is it's still a 64 star or + not withstanding. It's not particular appealing and it's not rare. Buy the coin not the slab. And if it wasn't cheap so I could wholesale it id pass. Put it on feebay and hope for bidiots

 

Normally, I might find this one attractive; however, I don't like the absence of toning on the rim at 5 o'clock. It breaks up a nice band of toning. I also don't care for the fingerprint in the left obverse field. I also don't like the "spot" on the her "bangs".

As noted by Koinjester, I think that "*" might be for the field reflectivity, not the toning. Those fields might just make the colors pop a bit more than in the photo.

I wouldn't pay a premium for this coin. That's just me. I'm sure there are buyers out there that would.