Morgan and toned experts need apply.

im looking at a Morgan dollar to purchase but I need advice. Its a 1869 P Morgan Claming to be MS 64. It's toned. But I can tell it's not in MS. He wants $200. Can I private message someone a picture?

 

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Morgans were not minted in 1869...

 

A picture would help, I'd like to see a 1869p Morgan considering they didn't mint Morgan's till 1878.

 

I hope that's a typo

 

Please post a picture. This should be good...

 

1896. Mildly dyslectic lol

 

Here they are

 

Whew!!! K, toning looks natural enough. I'd say 60-62-ish range.

 

Toning looks good? Not near ms 64 I'm thinking

 

Don't be. I'm looking to purchase and I'd like to hear what everyone thinks about it. Grade and price too.

 

I can't imagine that common coin Raw for 200 in that condition - seems to be some wear but maybe just the pictures?

 

I'm looking at the wear above the ear. That makes me think it's in AU

 

Looks pretty, except for the reverse spot at 7 oclock. Frankly though I think a sharper pic out of the holder would be needed for anyone to give a real positive endorsement of this one. Unless you are an expert or the coin has been examined in hand by someone you trust, I'd suggest you spend your $200 on a slabbed coin. JMO

 

That could be. What draws you to this coin, the toning? I would check Ebay for MS64's that have been slabbed and compare the quality and prices to this coin. I don't think this coin is worth anywhere 200 - but JMHO.

 

Quite agreed, and the eagle's breast and legs seem to agree with us. With that in mind, the color has to be immediately suspect, if only from a TPG point of view. The conditions under which toning is popularly adjudicated as "natural" rarely happen to circulated coinage.

And I'd find it hard to adjudicate this toning as "natural" even on a Mint State coin (these images are, of course, insufficient for more than vague speculation as to the actual grade). The abrupt color transitions from magenta to blue, combined with the random mixing of them - and the ragged areas where no toning at all exist - on the obverse, and the splotchy areas of much darker toning (like the N of ONE, and other places on the rim, argue that the coin has undergone more than one toning process. That doesn't pass the smell test.

Now, add in the plain fact that 1896-P is common in high grade and $200 should buy a slabbed MS65 with a Green Bean (excepting the fact that these seem to rarely Bean; Heritage has only offered two MS65's with Beans in the last year and one of those was DMPL), and I'm of the opinion that I wouldn't buy this coin for $200 with stolen money.

In its' defense, there are some pretty spectacular (and spectacularly weird) toning patterns known for 1896, and these images are (relatively speaking) poor enough to be completely deceptive.

 

It looks AT to me. Even if it were priced at $50, I'd pass.

Chris

 

Go with slabbed Morgans, especially if you want toning.

 

I've been buying unslabbed Morgans, you get more bang for the buck. I just got these last weekend and paid $40 each.

 

Thanks everyone. I'll pass on this one. As much as I like toned coins if it's sketchy I don't want to chance it.