How much extra value by percentage do people feel all these designations add and if they stack does it create even more of a percentage premium? Long story short I found a Morgan I'm considering for my set. Not that prestigious of a hoard. Common date. Nice toning but not rainbow. High grade. Got a star. Seller wants 3x price guides/greysheet for the grade and after a brief discussion seems content to sit on it until someone buys it at the price they want. I'm open minded. Maybe I'm underestimating the uniqueness of it. Though there are thousands graded higher. If it sells right away it's priced too cheap but if it sits there with a bunch of people watching but not buying, it's not seen as being priced too high. Holding out for top dollar is the way to do it I guess.
I would have to see the coin Vess, I realize that certain premiums haven't settle into the price guides yet, so I don't mind paying up a little for a coin I like. Three times seems a bit over the top.
Toned Morgans continue to see strong results. I have been surprised by quite a few that I considered "average" toners that still brought big money. Given the current market and the difficulty of replacing a coin, I can see why someone would hold out for top dollar. I also would not want to pay top dollar for a coin that is nice but not amazing.
It’s probably the toning that he wants that 3X price. I’d pass and use his money on a coin that I really want or need.
In terms of Morgan hoards that have an extra premium, the Battle Creek Collection is up there. It is among the best known and features quite a few higher end toning examples. It also has plenty of average coins and those still sell for a solid premium. Other hoards that are well known and carry a premium include GSA, Binion and Redfield. While these have toners among them, they are not strictly associated with toned Morgan hoards like Battle Creek. Then you have others that are less well known like Great Falls, Olathe, Continental Bank, etc. They can sell for decent premiums too but the sales history is more sparse and strong color tends to impact the price more than the hoard itself.
To me personally, I think that pedigrees are nice and might add a little to value if they mean something. For example I own an 1800 Bolender 20 dollar which was the discovery piece he mentioned in his book and the plate coin in the book. It was graded EF-45 years ago and AU-58 now. It’s still tied as the finest known for the variety which is probably up 40 known pieces. There is a premium there for me, but only maybe 10%. Other pedigrees for run of the mile stuff mean nothing to me. Stars and “+” on the grade mean nothing to me. If I like it; I buy. If I don’t like it; I pass.
