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Beware of rainbow toning
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<p>[QUOTE="Lehigh96, post: 2118979, member: 15309"]Brandon,</p><p><br /></p><p>While that is a fantastic coin with superb toning, I agree that the price is totally over the top. First of all, it looks like an MS64 with a grade bump for the toning. I don't have a problem with the grade mind you, but the cleanliness of the coin should factor into the premium paid. The originality of the toning is really not in question. It shows proper color scheme and progressions for a bag toned Morgan, it has proper elevation chromatics, and it has pull away toning. Additionally it was graded before the existence of the toned coin market. I am starting to wonder whether the fact that this coin resides in a rattler slab has anything to do with the price realized. Another factor might be some unknown provenance to us, but known to the bidders. Is this a former Sunnywood coin?</p><p><br /></p><p>No matter what the circumstances, I would value that coin between $1,500-$2,000. $14K is insane. If I was a friend of the buyer, I would buy him a new shovel every year for Christmas and hope he could unbury himself before his time is up![/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 2118979, member: 15309"]Brandon, While that is a fantastic coin with superb toning, I agree that the price is totally over the top. First of all, it looks like an MS64 with a grade bump for the toning. I don't have a problem with the grade mind you, but the cleanliness of the coin should factor into the premium paid. The originality of the toning is really not in question. It shows proper color scheme and progressions for a bag toned Morgan, it has proper elevation chromatics, and it has pull away toning. Additionally it was graded before the existence of the toned coin market. I am starting to wonder whether the fact that this coin resides in a rattler slab has anything to do with the price realized. Another factor might be some unknown provenance to us, but known to the bidders. Is this a former Sunnywood coin? No matter what the circumstances, I would value that coin between $1,500-$2,000. $14K is insane. If I was a friend of the buyer, I would buy him a new shovel every year for Christmas and hope he could unbury himself before his time is up![/QUOTE]
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