Pricing: NGC Single Known Morgan +*

Assigning an MS++ to any coin seems a tad presumptious to me by the grader, implying that he/she is skilled enough to discriminate between this and the next grade. From the days when coins where given 1 of 3 gradings, I believe that they've gone to far with the specificity. I don't think they can really discriminate between an AU50 and an AU55. I realize that I'm getting off subject here, but the BR/RD vs RD/BR determination is another call that can be too fine to make, yet the values difference can be significant. I would like some feedback on this if people care to do so.

 

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The OP coin sold this morning @ $425.00 after 3 days. If i sold myself short, I'm good with it, as the deal was really profitable on my end regardless. Thanks to everyone for their input!

http://m.ebay.com/itm/1881-S-Morgan...w-NGC-Pop-1-/331727738272?txnId=1220404539014

 

Wow. Good for you!

 

I thought so. Remember-- said middle 3 figures to 4 figures. It was a good price for the toning lover-- no way that coin was terminal twining, and rainbow crescent Morgans sell well.

 

Again, the guidelines for grading are already sketchy and I believe the grading companies would be hard pressed to present a history of consistent grading under the current grading structure.

 

Wow! I hadn't been following this thread, but I'm rather surprised by the price for this coin. Congrats to the seller, I guess. The toning is a slight plus, since it's somewhat colorful and not distracting, judging from the eBay listing, but by no means is it monster toning. I'd have to think the buyer is paying for glyphs on a label and alternatively colored plastic, as I'd estimate this coin at no more than $125.

 

This one was bid on the eye appeal of the label.

 

Morgandude was the only person who thought this coin would sell for that much money. I pride myself on being able to evaluate toned coins and their values and your coin sold for over double what I thought it would get. Don't worry, you didn't leave any money on the table. And although I thought it would have very little effect, it appears that the combination of the +* black slab really drove a premium on this coin because there is no way the toning is worth of a $425 bid. I say congratulations to you sir on a job well done.

 

I agree with Paul. No money left on the table. Paul is excellent in valuing toned coins, and I would say I have had a decent ride with them as well. I think the OP did extremely well getting mid three figures--obviously, the photographs did not do justice to what was obviously nice crescent toning on a common date Morgan. However, crescent toning, unless exceptional doesn't bring in that kind of cash. The perception of exclusivity obviously helped the sale, whether or not the person was a registry collector (and I don't see that as a registry coin, despite the low pop).
Well done, OP!!

 

Exactly! I bought a 1881-S MS66 rainbow toner for almost half the price two weeks ago.

 

Now THIS is amazing crescent toning. I call it my "revese" cats-eye pattern. It's an 82s. I wonder what Paul would say about it and this is the in hand look. Actually it's got a bit more "neon pop" in hand

 

I can tell you that if you get tired of it in the future, I know where it would have an extremely happy home.

 

The toning on your coin is very nice and the emerald green color is one that toning enthusiasts will pay big money for. The only problem is that reverse toners bring less money than obverse toners and your coin as about 50% coverage. That is good for a crescent toner but all things equal, most toner collectors prefer 100% coverage on one side of the coin. I'm going to assume that your coin is graded MS64 which would give an it an untoned value of $70-$80. Based on what I'm seeing, I would estimate the premium to be 3-4X the untoned value. So I would expect your coin to sell anywhere from $210-$320. What someone is willing to pay will depend upon the condition of the obverse of the coin, the overall luster of the coin, and how well the luster causes the colors to "pop". Here is a similar coin that I purchased for $280 and sold for $320.



It is an obverse toner with that same emerald green color and slightly more coverage, but perhaps your coin has better luster.

 

Agree completely --the one exception is when NGC gives the coin a star based on reverse toning, and puts the reverse in the front of the slab occasionally. in that case, the toning would show more prominently.

 

The truth of your statement is universal knowledge in numismatics. They're inconsistent between two coins, much less two decades. Any average group of us, with a reasonable set of images, average out as more consistent than a TPG.

 

While I think the price can go a bit higher if I ever sell you have passed the test Paul. Now I may want your opinion on a few more lol. How long have you been flipping toned morgans? Seems like it's your niche too although I just can't seem to ever bring myself sell any of em

 

Agreed, if the reverse holder the coin and the toning on the reverse is spectacular, then the collector won't care. Here is a four figure example of a reverse toned MS64 Morgan Dollar.

 

I started buying toned Morgans in 2002 but I didn't start actively selling my collection until 2012. In the last 3 years I have sold hundreds of toned Morgan Dollars. That said, my niche is Jefferson Nickels which I started collecting in 2009. I have the 4th ranked set of Jefferson Nickels (1938-1964) in the NGC Registry and of course, the set is based on eye appeal. Check it out!

 

His toners are incredible, trust me. My toned Morgans ( up to about 200 now), aren't too shabby, either.

 

Top of my wishlist is a Simpson-Sunnywood morgan