1885-CC Toner

Hi guys,
Been awhile since I posted, and again I need your expert advice. The 1885-CC is one of the Morgans I need, and would like to know what you guys think of this one. I have been trying to get MS-64, but 63 on this one is ok. I like the way it is tonning, and seems like an all around nice example?? What price would you pay?
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=300432482932

 

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Before I even saw his BIN, I was thinking in the neighborhood of $700, but since he also has a "Make Offer", why don't you send him this note.........

Hi! I saw your 1885-CC and I really like it. I hope you won't be offended, but would you consider accepting $600 for it? That is about all I can afford. Please let me know.

Thanks!

(Place name here)

 

The BIN is way high for a 63, (and imo that type of toning shouldn't really bring a premium).

The last 63 (NGC) sold yesterday on Heritage for $540. In this case I think it's best to hold off for a 64, because there really isn't that big a difference in price. Three 64s just sold last night on Heritage, all for $632 (2 in GSAs and 1 PCGS).

 

655.00 is his break even on this one. He want go any lower.

 

You are right Raider. I bought a 1881-CC MS-64 for 550. Just have to wait sometimes.

 

The population in 64 is high, so you'll have a lot to choose from. PCGS has 6600 certified in 64, and NGC has 2882.

 

Grey sheet ask is $610 on this one. It all comes down to what you are willing to pay. You probably could find one just as nice on heritage, but take into account the extra fees associated with that kind of purchase.( i have never purchased from heritage but I understand there are buyers premiums in addition to shipping) The ebay coin looks like it has spent some time in an album at one point in its life, and although i like toning on a coin, i do not find it particularly attractive in this case. Id pass in favor of finding a coin with more eye appeal.

 

thats like what i was thinking until i read more of this thread. theres nothing really appealing about the toning on that one to bring any premium.

 

MHO, the coin is worth about $550.

 

I'll admit that I didn't bother looking at any recent auction prices, but since the seller claims that his break even point if $655, it's rather a moot point anyway. I guess the only thing you can do is keep looking for another one.

Chris

 

It is a nice looking Morgan with the toning, but the price is too high for it. I said it's worth $550, I would make an offer of $500 and go from there, but he wants atleast break even amount of $655.

 

Well, I paid 650.00 for the coin including shipping and ins. I think thats about 50.00 to much, but I like the coin, its in a PCGS which is all I buy now. The seller says the tonning looks much better than the pics show, and I am hoping thats true. I have another Morgan thats tonning around the rim, and its a deep blue turning into orange. Will they continue to to tone in the holder? I don't take them out anymore, but thats another fight I started a while back. I used to crack all slabbed coins out and now that I am little wiser, I don't. I even wish I could put the ones I opened back in the slabs, ha ha. Just the PCGS, I don't care much for the others, ANACS especialy. I bought 2 new boxes off ebay and had to open a case on the guy. He will not answer my emails and I haven't recieved the item?? Go figure. His user name is alabama_pride. I see he'sgotten someone else since I opened my case. Where is the best place to get these boxes, I have slabbed coins just lying in a box. Thanks guys.

 

They shouldn't continue to tone in the slab. There are some that I've had for 10+ years that haven't changed. I'd be concerned if you see one change in the slab because it may have been At'd or dipped and not properly rinsed.

Does the other one you have look something like this?

 

Exactly correct.

I recommend a thick, freezer style ziplock bag. Put in the slab, a desiccant pack and a bright red copper cent. Store the coin in a tupperware type container in a location with a fairly constant temperature and it will never change....at least in your or your kids lifetimes.

 

I just started storing them in the NGC and PCGS boxes. Will these do the trick??

 

It's very unlikely the coin will tone further in the slab. Toning like that is caused by exposure to sulfur or a sulfur compound, as in a Whitman or Wayte Raymond album. Slabs aren't airtight, but if you store the slabbed coin away from any nearby cardboard or paper, you should be fine.

..Tom