Was this coins premium worth it?

Discussion in 'US Coins Forum' started by LuxUnit, Apr 14, 2019.

  1. LuxUnit

    LuxUnit Well-Known Member

    This Morgan with a PCGS price guide of $65 just sold for $148.
    This is also a WOW! list Morgan with the die cracks and breaks all over the obverse.
    I hesitated for a solid week but I feel the premium was still just too high.

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    jtlee321 likes this.
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  3. toned_morgan

    toned_morgan Toning Lover

    The toning is admittedly very terminal, but I would have still paid $150 for it. That's an easy $200 on GC or Heritage.
     
  4. Morgandude11

    Morgandude11 As long as it's Silver, I'm listening

    I like the colors, but has too much fade to black. I would say what was paid was acceptable.
     
  5. Mainebill

    Mainebill Bethany Danielle

    I don’t think that was too much either. I’d have paid that
     
  6. Collecting Nut

    Collecting Nut Borderline Hoarder

    The toning is fine but I personally will not overpay for coloring.
     
    leeg, 352sdeer and furham like this.
  7. ddoomm1

    ddoomm1 keep on running

    More than I would pay, but I am not surprised at the result.
     
  8. jtlee321

    jtlee321 Well-Known Member

    I would have grabbed that one! It has another nice displaced die break between UN of UNUM that is not listed on the 25a.
     
  9. atcarroll

    atcarroll Well-Known Member

    The toning is really nice, but i wouldn't pay that much of a premium for it. My reasoning is that toning is ephemeral, and even though I like some toning, it's something that happened to the coin after striking, vs a characteristic of striking. Just my humble opinion. I'd pay a little more than the price guide says, but not $148.
     
    leeg likes this.
  10. CircCam

    CircCam Victory

    I will pay for premiums toning; this particular coin is not one I would pay a premium for. This thread is a great example of how subjective eye appeal is on toned coins.
     
    LuxUnit likes this.
  11. LuxUnit

    LuxUnit Well-Known Member

    I thought that would be a big deal but there are two coins imaged on that site and even though it's not listed it appears on one of them.

    But the die breaks are part of why I liked this coin. The toning was just a bonus. Im mostly sad it wasn't in my price range because I can't find any more 25a and it would've been a nice example of tone and VAM. In the end, I don't think it would've been worth it to me even knowing most find it a fair price.
     
  12. LuxUnit

    LuxUnit Well-Known Member

    I agree, I think I was mostly drawn to the VAM. If I can find a 25a with attractive toning I'd pay $150 but this just wasn't quite there, hence all my hesitation lol
     
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