GTG Monster 1880 Toned Morgan

Right well here it is! Only one of you, @bradgator2 , got it half right. It is PCGS MS62, and it is the first coin in my 1880's toned Morgan dollars set.

 

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If you went to sell that as a 62 it would get cherrypicked pretty quickly. I believe that is an undergrade ignoring the color.

 

That's a technical 62-63.

 

I like the grade on it. Let the market determine what the color goes for.

 

Well I paid $89 for it, but I don't think the seller really knew what he was selling. Plus these were his pictures.

 

I’m not criticizing your E-Bay cherrypicking methods, but as time goes on, I think you will realized that in relation to toned Morgan Dollars, cheap is not a virtue. The best rainbow toned Morgans don't sell cheaply. If you want quality, you gotta pay for it.

 

Yeah I know that. But then you can still find the cheap ones in the expensive bunch and save money / make lots of profit.

 

Oh definitely, flipping coins with crappy photos for tidy profits is very gratifying!

 

Yep! I often see a coin with crappy pictures sell and then appear again with much better pictures and resell for the twice the price. Also, I feel like higher quality and more professional pictures often allow you to ramp the price up a bit more because the buyer feels like they're also paying a bit for the amazing pictures that the seller took. Idk, that's how I feel anyway.

 

It's a pleasant looking coin, although nowhere close to a Monster. FWIW, I would bet the majority of Monster toned Morgans are one sided toners.

 

I would say it's halfway there. All I need to do is add some rainbow, put some textile toning on it, and get it to MS66

 

Why stop at MS66?

 

I was going to guess MS 64. MS 63 would be a decent compromise. Usually it takes more to downgrade one of these to 62 (unless I'm not reading the photo accurately). There is money to be made flipping this coin based on the price. It's no monster (probably a mid-end examples) but is nice.

 

Money

 

63

 

Or the lack of.

 

Yeah that's what I meant

 

In this picture, the toning is nice, but not exceptional. As a toned Morgan collector, I would not have bought that one at a big premium. If you want big premiums, ya need the ra

It is a nice coin, but not one that would demand a significant premium. The big premium toners in the Morgan series are the rainbow, monster, and the explosive toner coins. I made lots of money when I sold the really intensely toned coins. Also, golden, and dual sided rim toned Morgans resell well. I would deem your coin pretty accurately graded, and while nicely toned, not so that I would pay a significant premium. This is the type of Morgan that I readily bought, and sold. High grade, and a solid rainbow. Reverse is untoned. This is a $400-600 coin.

 

Yeah but since I am a teenager with no job really, 400-600 dollar coins are like $3,000 coins for you. They're something that you have to be very sure about. I agree that it isn't as amazingly toned as yours, and I agree that rainbows are where the money sits at, but on my budgets, your "nice" level is my "exceptional" level. I feel like I just ranted and made no sense there...