2 Toned Morgan dollars. Thoughts

Discussion in 'US Coins Forum' started by Mainebill, Aug 3, 2022.

  1. Mainebill

    Mainebill Bethany Danielle

    A36AC5BB-3588-4E3C-8C99-8B64CEA6D194.jpeg CC93CE7B-58FC-4D64-92F9-7525CE4D73C9.jpeg 8634D048-0AE9-4BB8-B5A1-98BC13421939.jpeg 0D4BC51C-826D-4800-ADB3-6E2DD65F960D.jpeg 2212BE25-DDB9-4E2B-97D2-3ABB44B4CED7.jpeg 6BF6CF75-27BF-49B6-A54B-D006EA8BD142.jpeg Ok back 10 years ago or so I had a period I was into toned Morgan dollars. And bought quite a few. I sold most but kept a couple I really liked. With them being red hot and the market being nutty. I don’t even have a clue. Should I hold on or has it peaked. What are your thoughts on these 2. Ones all about color the other just a nice coin in all respects
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  3. Abramthegreat

    Abramthegreat Well-Known Member

    I love the look of these coins! :)
  4. ddddd

    ddddd Member

    I recall we discussed these on the toning threads and the AT/NT threads (especially the first one, which has some question marks but is beautiful nonetheless).

    Both would draw a nice toning premium in the current market. The question is are we near a peak or not? Just like you, I have been wondering about that too. The overall coin market has been fairly strong from 2020 to 2022. I've watched toned Morgans keep increasing (you can mostly forget buying these at price levels seen in 2015-2017...I know since I still participate in auctions-I like my toned Morgans too much to sell off the collection).

    There have been some threads that the market is slowing down and that selling is becoming a bit more difficult. I've experienced that too when trying to sell certain coins. However, the moment I think I've read the market, a new auction will bring surprisingly strong results. All it takes is the right venue and several motivated bidders (while the economy isn't where it was, there is still enough money floating around among the big spenders to produce strong results).
  5. ddddd

    ddddd Member

    Adding on to my post, the decision to sell should involve a few factors:
    (1) do you need the money now?
    (2) can you put the proceeds of the sale to a better use?
    (3) how much do you like these coins?

    For (1), if the answer is yes, then the decision is simple enough: sell; the market is strong and you will get a good amount (it might not be the absolute max but I would think you would get enough to ease the pain of letting go of two nice coins).

    For (2), if there is some other coin or business venture that you think is better, then this is a good chance to take a profit and put it to a better use

    For (3), if you still like the coins (and there is no need to sell), then you might consider holding them longer. Alternatively, price them at a level where someone else has to really like them to make you let them go
  6. Mainebill

    Mainebill Bethany Danielle

    Good advice to me it’s simple I’ve held too long on things not so much coins and gotta fraction of what i could have gotten do I need the money. No. My business quite strong and I’m actually looking at buying coins again for awhile it was my ex bleeding me dry financially and emotionally. Then the last couple years I just stepped away to focus on myself to get myself straightened out and out of some dark places I’d been for years and to finally stop hiding and pretending to be someone I’m not Is there better ventures now no. I’m looking for a special piece or two for my trade dollar collection and hoping to grow it again I would like more gold. Especially eye appealing or better date. My house is always needing work but that’s starting to progress again and I have such a vast business inventory now I don’t need to tap into coins for money. I’m actually wanting to get back into dealing coins again have a decent inventory and would have a much better if I sent out a couple huge grading submissions that have been building for a few years now im looking long term. Are toned Morgan’s pretty yeah. But they don’t light my fire like a trade dollar Or a good bust or seated coin does. Sorry for a long and rambling post. Basically what im wondering is the market peaking on these or no. And I don’t expect any one right or wrong answer just thoughts and input
    ddddd and -jeffB like this.
  7. spirityoda

    spirityoda Coin Junky

    I love the toning on these. Especially the first 1. If you really like them... keep them.
  8. geekpryde

    geekpryde Husband and Father Moderator

    Two of the prettiest coins I ever photographed. I would keep them!!
    spirityoda and Mainebill like this.
  9. charley

    charley Well-Known Member

  10. Morgandude11

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

    Beautiful toning on both coins. They have high grade 4-5 out of a possible 6 toning, and should command a substantial premium in today’s market. @ddddd basically said most of what I was going to say, as he was early to this party. So, I will just add an “I agree.”
    spirityoda, ddddd and Mainebill like this.
  11. Dynoking

    Dynoking Well-Known Member

    If anyone says that can predict the high or low of any market, run! The only thing they can tell is a lie.
    Mainebill and charley like this.
  12. Collecting Nut

    Collecting Nut Borderline Hoarder

    The toning is great on both coins. If the color has increased since you bought them it may be a good time to sell. If they look the same as when you bought them, I’d keep them, unless you need or can put the money to better use.
    Mainebill likes this.
  13. eddiespin

    eddiespin Fast Eddie

    That 66* is awesome!
    Mainebill likes this.
  14. Mainebill

    Mainebill Bethany Danielle

    They look exactly the same no special treatment. Just in a slab in a pcgs box in my safe
  15. Collecting Nut

    Collecting Nut Borderline Hoarder

    If you like them, keep them. If you don’t need the money, keep them. I think they are great looking. Excellent eye appeal.
    spirityoda likes this.
  16. ddddd

    ddddd Member

    Based on your situation, I'd recommend selling. Take a look at recent sales for some data. Then list both at a fairly strong number (buy-it-now) and consider reasonable offers. You can also try the auction route if you are willing to gamble. Both should see plenty of action but you risk leaving money on the table by not setting the price (although you also can reap the benefits if there is auction fever).
  17. Mainebill

    Mainebill Bethany Danielle

    I don’t sell on eBay. So that’s out. I use it to buy occasionally not coins but supplies for my business etc. I’ve never sold anything on there and have zero intentions of. If I was to sell it’d be in person at A coin show or through a specialty auction either GC or heritage likely
    spirityoda likes this.
  18. ddddd

    ddddd Member

    If you have a show coming up, you can try walking it around there. If someone is willing to meet your price, then all good. If not, send to GC or Heritage.
    spirityoda likes this.
  19. Mainebill

    Mainebill Bethany Danielle

    I set up at regional shows for quite a few years. I may start again. There’s nothing major national up here. Closest decent one is Baltimore I was actually thinking of doing it a few years ago before my life went crazy
    ddddd likes this.
  20. ddddd

    ddddd Member

    From the reports I've read the last year and a half, people have reported that many dealers have had good shows (small shows could be a bit different for more specialized material as you won't have as many people looking for toners but you might also have less competition from other dealers).
  21. eddiespin

    eddiespin Fast Eddie

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