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ddddd's duds of 2024 (lessons learned?)
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<p>[QUOTE="ddddd, post: 25992276, member: 22377"]Probably the worst of my duds this year was the Morgan below. I watched this same coin sell for about $200 more than I paid and that sale was in a weaker market for toned Morgans (both sales at GC). I also thought the photo was hiding a coin with strong PL characteristics and great colors. Well I was quite a bit off. The PL was weaker than I imagined and the breaks in the toning combined with the dark look did not make this coin look anywhere near what I thought it would. Despite getting the almost $200 "discount" from the initial auction, I ended up having to take another $100 cut to sell this coin and it took several months of waiting to find a buyer. The lessons learned: a discount doesn't always mean you are getting a good deal, be mindful of toning breaks, and be careful with darker toners at big premiums (certain near terminal Morgans with great luster can be nice coins but others are just not "all there").</p><p><br /></p><p><br /></p><p>[ATTACH=full]1653176[/ATTACH]</p><p>[ATTACH=full]1653174[/ATTACH] [ATTACH=full]1653175[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="ddddd, post: 25992276, member: 22377"]Probably the worst of my duds this year was the Morgan below. I watched this same coin sell for about $200 more than I paid and that sale was in a weaker market for toned Morgans (both sales at GC). I also thought the photo was hiding a coin with strong PL characteristics and great colors. Well I was quite a bit off. The PL was weaker than I imagined and the breaks in the toning combined with the dark look did not make this coin look anywhere near what I thought it would. Despite getting the almost $200 "discount" from the initial auction, I ended up having to take another $100 cut to sell this coin and it took several months of waiting to find a buyer. The lessons learned: a discount doesn't always mean you are getting a good deal, be mindful of toning breaks, and be careful with darker toners at big premiums (certain near terminal Morgans with great luster can be nice coins but others are just not "all there"). [ATTACH=full]1653176[/ATTACH] [ATTACH=full]1653174[/ATTACH] [ATTACH=full]1653175[/ATTACH][/QUOTE]
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