Pricing: NGC Single Known Morgan +*

Thank you to everyone putting in their opinions. I am admittedly new when it comes to selling subjective coins.

 

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That only means that the seller has no confidence in their ability to choose quality coins and further hopes that the untrained bidiots are watching.

Chris

 

Here is my personal 1881s, with very nice light gold toning on the obverse. It is a PCGS MS 65+, and I only paid $150 for it. So, I guess beauty is in the eye of the beholder:

 

I really like gold toning, something rustic about the appeal of them!

 

Heh. Here's where it gets fun. I love the coin, it deserves the grade, but I don't think that's original toning.

That looks more like "dip recovery" toning. Doesn't mean I wouldn't own the coin proudly, but it does kind of point out how subjective all this stuff is.

 

Actually, I don't think that coin looks dipped. I would bet on album toning, personally. Hard to tell.

 

The way that it's propagated in one single color is the red flag to me. It's hinting that it happened quickly and evenly unlike album toning which begins at the rim and proceeds inward in both physical and color progression. Color appeared, and then stopped progressing. That means a very brief exposure to appropriate toning conditions, and very sensitive (stripped?) metal to work on.

Of course, the fact that I think this way is not proof that I'm right.

 

Could be-- not ruling out a light dip and retone, but look at the reverse. Gradual rim transfer, that can come from the cardboard color of certain albums. Toning sources are anybody's guess. . I am happy with it the way it is as a nice toned 81s.

 

Yup. Quite possible. This also begs the question, "Who cares where it came from? It's a nice coin."

 

There is a lot going on with this coin, most of which can be ignored. The price difference between an 1881-S MS63 & MS64 is about $15 so the effect of the "+" designation is essentially meaningless. The price of this coin is solely dependent upon the quality of the toning. It looks to be a standard crescent toner with almost half obverse coverage. These usually sell for 3-4X the price guide price for the assigned grade. If you use the wholesale price for an MS64 ($65) as a guide that would give an approximate value range of $200-$250. The value of the registry point increase is negligible because most registry collectors are not going to include an MS63 Morgan Dollar in a registry set and the black holder will only increase the value to people who are trying to assemble a toned Morgan collection in retro holders, which would probably be a very small group. Keep in mind that the price estimate I just gave is based upon the MS64 grade, if you use the MS63 grade, it falls to $150-$200. Personally, I would give no merit to the "+" designation and treat the coin as an MS63. If you can get someone to pay $200 for your coin, I think you did very well. I would not sell it below $150, that's leaving money on the table.

@Cascade, I don't know why you think the OP's coin has terminal stage toning. To my eyes, we are looking at a photograph that was taken but did not using the correct lighting to show the real nature of the toning. If I had to bet, my guess is that the toning on that coin looks much more like this.




FWIW, I bought the 1887 above in 2007 for $335 and sold it for $275 in $2012. The price guide on an MS64 1887 is the same as an 1881-S, but the toned coin market has softened a bit since 2007 and I was known to pay strong money for coins that I thought had great eye appeal.

If you are going to sell this coin on E-Bay, make sure you take a better photograph than the one you have showed us. That photograph is inadequate and could easily cost you a significant amount of money.

Paul

 

Call me crazy Paul but I don't think even a TrueView pic could make it too much better. I could be wrong though, the black slab could really be messing with it in the pic. Maybe we can get I.L. to do his best and get more pics at various angles

 

I could make that coin look like a superstar in 30 seconds! If he wants, I will photograph his coin for him for free, all he has to do is pay for shipping. I spent years evaluating substandard coin photos, buying the coins at a discount, and selling them for very nice profits. For example:






I promise you that the OP's coin looks very much like the Morgan Dollar that I posted.

 

I hit the coin with some softer light at an angle and i think it shows a better spectrum. The OP pictures are from NGC $5 service. Still in the process of setting up a proper coin imaging system ..

@Lehigh, what is the dpi setting on your scanner before you put it into photoscape?

 

I use a camera, not a scanner.

 

Hard to argue with a man that can do this
I'd love to see what you can do with the 81 if he sends it to you!

 

I think Paul is right. Crescent toning is very difficult to photograph properly, if one doesn't have the experience to do so, in a flattering light. The OPs coin, most likely looks like Paul's 1887 as pictured. His evaluation of probably $200 plus is a good judgement, and i would normally agree completely. The slab collectors might pay more, due to that unusual *+ situation, and the population of 1. However, what mitigates against that is the ultra common date, and many attractive toned coins in that date.

 

Axial lighting. I could have you up and running with it in twenty minutes.

 

I would say this coin and the one in the OP are not that comparable.This one is a 2 sided toner with CAC. I think the obverse on this coin has great color, real hard to see if the OP coin has anywhere near this type of color going for it.

 

I would agree in terms of toning esthetics-- the eBay coin has attractive toning. I suspect the OP coin has nice crescent toning, but the photos are not flattering. Grade wise, I find the eBay coin rough-- I'd call it low in grade for a 63.

 

In my experience, the *+ combination does not add that much value to the coin even in a registry quality situation. I purchased this war nickel for less than $200.



The NGC registry points for a 1944-D are as follows:

1944-D MS67: 288
1944-D MS67*: 1249
1944-D MS67+: 1249
1944-D MS67*+: 2211

That represents a big jump in points and I expected this coin to sell for much more. My max bid was $350 (including bp). So if the *+ doesn't have a big effect in a registry situation, I'm skeptical that it will have an effect for a common date/grade. But who knows, you add the retro holder into the equation and maybe someone would pay a premium.