Was this monster worth the premium it went for?

Discussion in 'US Coins Forum' started by goldrealmoney79, Apr 16, 2022.

  1. goldrealmoney79

    goldrealmoney79 Active Member

    goldrealmoney79, Apr 16, 2022
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  3. ToughCOINS

    ToughCOINS Dealer Member Moderator

    I believe you are mistaken. The seller may even have lost a little money.

    After the 7% eBay final value fee and the 2.7% eBay managed payment fee, the seller got back 7269.15 of the $8030 sale price.

    The coin was offered with free shipping which for a coin like this should probably cost $30 or so (assuming affordable insurance too). That leaves $7239.15 in hand from the sale.

    The hammer price was originally $7050, and appeared to be auctioned, so a buyer's fee would have been applied, plus a shipping charge, both of which surely exceeded the meager $219.15 difference.

    If I had to guess, the seller took about a $1000 bath.

    As for whether the coin is worth that sort of money . . . it is apparent that a few bidders thought so, but I don't. I don't mind paying a large premium for beautifully toned coins, but only when it makes sense to me. This coin is a common date, one for which beautiful toning is not all that uncommon, and one on which the toning is on the reverse, rather than the all-important obverse.
     
    Last edited: Apr 16, 2022
    ToughCOINS, Apr 16, 2022
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    eddiespin, Santinidollar, Morgandude11 and 1 other person like this.
  4. Inspector43

    Inspector43 More than 75 Years Active Collecting Supporter

    "Monster" is a term that is thrown around too much.
     
    Inspector43, Apr 16, 2022
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    Jack D. Young, longnine009, Santinidollar and 1 other person like this.
  5. Morgandude11

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

    It is a pretty coin. The reverse toning is beautiful. Is it worth it? That is a subjective judgement. I prefer a toned obverse. However, it is unusually beautiful toning. I would think if I were buying it, I would not have paid more than $4,000, because of its limitations.
     
    Morgandude11, Apr 16, 2022
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    longshot likes this.
  6. Santinidollar

    Santinidollar Supporter! Supporter

    The prices that toners bring in general often blow me away. This one is no exception. But then again, I don’t collect these.
     
    Santinidollar, Apr 16, 2022
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  7. Long Beard

    Long Beard Well-Known Member

    Wow! Someone way over paid. There have been multiple auctions thus far this year, Stacks-Bowers, Heritage, David Lawrence, where the same grade (non-toned) sold between $200-300. In 2021, the second highest grade of MS67 sold for just under in the $6,000 range at a few auction house. Now I understand the whole buyer appeal and what one is willing to pay for it, but this is just nuts.
     
    Long Beard, Apr 16, 2022
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    Jack D. Young likes this.
  8. spirityoda

    spirityoda Coin Junky

    Probably someone doing a registery set of toned Morgan dollars and had to have it.
     
    spirityoda, Apr 17, 2022
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  9. okbustchaser

    okbustchaser I may be old but I still appreciate a pretty bust Supporter

    The thing is the buyer wasn't bidding on an 1883-O Morgan; he was bidding on what to him was a beautiful work of art. The book price of the coin is irrelevant in this case.
     
    okbustchaser, Apr 17, 2022
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