I figured this might be an interesting challenge. If you were the person in charge of selling the toned Morgan below, what would you ask? What would you expect it to sell for? If you want, add some reasons for why you think the price is what you say. (Note: the coin is not for sale and this is just for fun)
most dealers will give you little to no premium on a toned morgan... as a dealer my 1st offer would probably be 400 going no higher then 5.. on the other hand I would price it 8-900 for sale because of that very same toning
I love the colors on this one. What I don't like is the appearance of a five'o'clock shadow on Miss Liberty. It's the first thing my eyes are drawn to. I haven't looked at a plethora of toned Morgan's, but isn't this type of toning somewhat rare? I know I've seen it, but it's certainly not the norm. Given the above, I would price this Morgan at $375.
How much did dealer pay for it and how fast they trying to move it? I've seen toning like this go for ridiculous amounts of money, but it needs to reach the eyes of possible buyers. If not in a rush, put a crazy high price on it, and 'display' it like a rarity. That gives you tons of negotiating room.
If it wasn't for the tongs covering the lower left edge when it was Naturally toned 2x what a dealer has it priced at.
Untoned it's a $100 widget. NGC and PCGS census have almost 175,000 of them in that grade. So how much is the crazy premium for the toning on this particular coin? Who knows what lurks in the mind of the toned Morgan collector. Judging from outlier sales on PCGS for the past year it seems a dealer could ask for $1800-1900 and see how long it sits. I don't think it's on a par with the $4320 coin that sold on Stack's last April.
The Grey Sheet says it's only worth $77 without the color. I'm not a color guy for the most part, and when I am, I'm cheep buyer who won't pay much of a premium. The $1,800 to $1,900 sounds like a good "keeping price" to me. It can sit in inventory for generations at that price. I prefer to pay for natual, undipped surfaces. I'll leave the color those who appreciate it.
I'd be in the 500-700 range but been burnt more on Morg's as much as a ASE hope I never buy another!!!! Don't get me wrong love the rainbowing but darn hard to price! still beautiful piece thanks for sharing
As a collector, Ill pass. 1887 is too common and I can probably find a nice white MS65 for less money. As a dealer, I'm sending it to get graded by CAC (because CAC is king now) and now I can justify the $1700 price tag, but realistically I'm going to accept the first offer over $700 and then tell people I sold a nice CAC 1887 toner with a price tag of $1700... just so they will buy one of my many 1881 S raw toners for $250 a piece.
Some interesting thoughts so far. I will add mine. Recently there was a double crescent that sold for 1,269.99 on eBay (copied below) and another one (that I didn’t save) which went for over 1,500 (that was a reverse toner). I have seen several cases of people paying up for double crescents and this one is among the better ones I’ve seen (it’s certainly nicer than the eBay example below). In the more “soft” days of pre-2020, around $500 was the value of this coin. Dealers tended to overprice it though-I saw it at a show for 2,500 at its peak price (very optimistic at that time). Nowadays, I wouldn’t be surprised to see it listed at 2,500 again and this time it could sell for close to that (especially if a few people that are after this pattern were to really want it). A more safe estimate though would be 1K-1.5k. An auction would probably be best to unlock the full potential unless the people that collect this pattern actively check eBay.
I don’t care for the toning on the 1881-S at all. At its darkest, it almost looks black, which is a very undesirable color for a Mint State silver coin.
