The Toning Premium Thread

Did Doug and I just agree to $300? I guess I"m gonna have to watch this thread much closer

 

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Apology accepted even though I was never offended. I'm glad you are staying; you are a good dude! We still don't have your guess on the price of the coin though? And I am kinda rooting for you since I want to guess on those Peace Dollars.

 

Bring the pict's on...I'll be here waiting.

 

There he is. Ok, I am curious, you state that you WOULD have paid $125 premium for this coin, Would that have been for its quality or the toning?

Not trying to derail thread Lehigh, just wondering the specifics of Doug's assessment and the price he would have paid.

 

Paul, as a suggestion, once you reveal the price of this Morgan, you might want to state in big, bold print that we are moving on to the second coin. No offense to jersey, and I'm glad that he is continuing to participate, but others who have not read any of this thread will probably do the same and post their own photos. So, I'm sure this will happen again.

Chris

 

I will guess $450, being it is an early 1880's S-mint Morgan, for which toners are plentiful. Not sure what the toner market was like in '07.

 

Hotter than it is now.

 

While I can't see myself paying much of a premium for nicely toned coins, I do like the way they look. I will guess this is in the 2-3x range and say the price was $460. Great idea for a learning thread.

 

We have a winner. I paid $712 for the coin. My max bid was $750. I remember my initial reaction to the coin was that it was solid for the grade. Often times, rainbow toned coins will be market graded and given a bump for the toning. This is not a toned MS65 in an MS66 holder. The cheek is very clean with only a few luster grazes and the reverse is equally as solid. The toning pattern is unusual in that it was created by two overlapping coins. The photos gave me reason to believe that the luster was strong and the colors were vibrant. I thought that the coin was worth 3-4X bid and placed a strong bid which left me paying basically a retail price at the time. I was very happy when I received the coin, it is very impressive in hand.

As a reminder, this thread will work better if we post only one coin at a time. Mike was the winner and now has the option to post his own toner or pass on his option and leave it open to the quickest on the draw. Mike you have 24 hours to respond or posting will become open to everyone.

 

Hey, 24 hours aren't up!

Just kidding; I'll catch some of the upcoming coin posts.

 

I thought you'd do everyone that was within 10% or 25% of the bid would get a point and then tally the points. But you might have to move to within 50% lol

 

Thanks for a good thread. At least I got the part right about the toning pattern. I suspected that was the aspect that made the coin unique. Just for kicks and giggles, what would you offer the coin for sale at today ? Congrats Mike !

 

I still think the coin is worth 3X Wholesale ($720).

 

Taste+ price do change a few thing

Toned coin do command a higher price than most Blast white coin.
and then there this type of toned coins.they command a larger $$$$!
check out the Denali collection of 1870 Pattern coin
http://www.cointalk.com/t135232/

 

Well since it was a nice coin for the grade, I thought maybe some of it was for a star designation, PQ, etc. You know that not all MS66's are the same. That is what I was getting at.

 

So no additional " Toned " market appreciation, from when you purchased it. Thats a very nice coin for that money. I would have gotten taken for a $1,000.00 for that. To be honest, I would have over paid for this one.

 

That is the beauty of the toned coin market. What you would pay for this coin is only considered overpaying when compared to what I would pay for the coin. If you sold this coin over and over again at different auction venues to different collector pools, the coin would not drive the same price each time. Instead, you would left with a price range. Based on your response, you feel this coin is worth closer to 4X wholesale than my chosen premium of 3X wholesale. The goal is to be able to accurately predict that price range. As Doug stated earlier, an 1882-S Morgan was closer to $200 in 2007. Using that price as the baseline, my opinion is that a price range of $600-$800 would have been accurate in 2007. Both my bid $750 and the price realized $712 seem to support that claim as well.

Anyone who guessed between $600-$800 did very well in their pricing of this particular coin IMO. Personally, I use the range to encompass wholesale and retail for toned coins. By placing a bid of $750 on this coin, I was willing to pay retail price. I would consider $600 wholesale price for this coin in 2007.