Toned Morgan Value?

+1 for a very good seller. I think the coins get holdered that way on request don't they?

 

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I think you got a good price which is actually closer to 2X because of the star.

Shane (Kryptonitecomics) is a good buddy of mine from the NGC forums, and he is as honest as the day is long.

Because of this discussion, I am in the process of putting together the information from the latest round of his auctions to give some of the others an idea how toning affects market prices.

Good for you!

Chris

 

Shane has become very proficient using axial lighting. Someone on another thread commented that you couldn't take good photos through a slab using axial lighting. Well.................

Chris

 

I'd like to see that.
And as for his pictures they are top notch espically for being thru a slab.

 

In general, when NGC awards a star, they put the side forward that is the reason for the star. Some people don't care for that, so keep in mind that if you ever submit a coin to NGC that has Star potential for the reverse, you should request that the obverse be placed on the front of the slab if that is the way you like it.

Chris

 

I don't personally know him, but I do follow his auctions very well. His pictures are crazy good. Me thinks I need to try some of this axial lighting when I get my new camera.

It happens on coins without stars as well.
It does make more sense, put the more eye appealing on the front. I think that is kind of cool actually.
I'm guessing PCGS does the same thing, since they don't have a little STAR to give out...I've seen toners in PCGS slabs the same way.
Who exactly started to do this first?

 

Not always! Here's one in an old rattler. I was at a local coin show going through a dealer's case and this was obverse up. At the time, I was also looking for another 1884 O/O VAM-6, so when I turned it over, I immediately set it aside. In all, I picked out four slabs that I wanted, but he didn't have any prices on any of them, just his coded stickers on the front (Why the front?) He told me $50 for this one, $75 for this one, $125 for this one, and when he got to the 84-O, he started to say $50 (based on the sticker) but he just happened to turn it over, stopped in the middle, "Fif" and changed the price to $250. Fortunately for me, I only had $400 left (Honest!) and he accepted my offer. I guess that he rationalized that $400 in his hand was better than $400 in some other dealer's hand.

The rainbow on this one is really much nicer than my photo shows because I'm still lousy with the camera.

Chris

 

Well NGC doesn't do it always either That isn't exactly what I meant by that Chris.
That is a nice coin, I guess that is another thing with having the more appealing side on the front, it helps a dealer out.
And kudos to you for talking the dealer into all four-uv-em' for $400! :hail:

 

Thanks for all the input, and really? Only about x2 a NGC Star....Nice I was content with paying 3x market...

 

That's a really old slab, isn't it? I bet the coin would inflate a couple of grades just for Grade Inflation at the TPGs.

 

I would bet you that it doesn't. While rattler slabs and OGH's are sought after by collectors because the grading standards were thought to be tighter, not every coin in one of these holders is a candidate for an upgrade. Even from those blurry photos, I can see enough cheek chatter to limit the grade to MS63.

 

Correct!

Chris

 

Beautiful coin, I like how only part of the coin is toned, just an accent.

Quick question on the grading, is that a weak strike on the ear/hair area or is that wear? I figure it is a weak strike because if it was wear it would not be MS, is that correct?

 

Coins struck in New Orleans are notorious for having a weak strike. Some people say that it was because they tried to prolong the life of the dies, but I don't know this for sure.

Here are a couple of close-ups of an 88-O that is graded by PCGS MS63.

Chris

 

Thanks for the little nugget, I will remember that.

 

Very nice coin for the grade, IMHO. And the Star definitely assists on the value. I think the price is right.

...Tom

 

That's only true for some dates. See this great thread by Camaro: The Truth about New Orleans mint Morgan Dollars

The strike quality for both the '85-O and '88-O are variable, but most are average.

There are a number of reasons given for the weakness for certain years, overworked dies is one of them, so is insignificant strike pressure, and improper annealing of the planchets.

 

Thanks, I'm glad I didn't overpay because I've maxed my coin budget for the month with that coin!

 

You got that coin for a very good price. I would have gladly paid $150 for it. Shane is a very good seller, and a friend of mine, who usually has an amazing selection of toned coins. He recently got an SLR camera, which has improved his picture-taking tremendously. I'll bet the coin looks exactly like that in hand.

 

Sharp Pics

If you love the coin its worth it. Looks great to me.