Was it worth it?

For those interested, check out the same thread on PCGS.
I'm surprised that the no vote is ahead of the yes vote over there.

https://forums.collectors.com/discussion/comment/12721404

 

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While I am surprised that the PCGS results are leaning towards "No," I'm very pleased to see that the results are approximately the same between the two boards.

 

I’m not really. Most people on any forum will be dismissive of toned prices and a lot won’t necessarily vote one way or another in a public poll like that.

 

That's probably a big part of it. I'm almost certain though I've seen some of the no voters previously be against NGC in other threads.

The poll would have been more informative if it only included people that have bought higher end toned Morgans in the last handful of years, but that would be almost impossible to run on a public forum and get enough of a sample size. Oh well, it's still been entertaining to follow.

 

That’s probably right, but there’s also some that will would vote against toned premiums too. I think some of the fence votes would have changed if it was private but toning seems to always be a divisive issue for price. Ultimately the market is the best measurement for it as to many personal bias often come into it for nicely toned things

 

I might not have crossed the star but I find the pcgs holder easier to sell especially with a bean. That being said this coin is a beauty in any holder

 

Exactly. That is a classic “buy the coin, and not the holder” situation. The toning is the selling point, not the holder.

 

Some of us (including you and me) fortunately follow that mantra. Unfortunatley there are plenty of people that I have run into over the years that will discount NGC (or other non-PCGS) holders regardless of the coin inside.

 

I know they do. Ironically, some of my favorite coins come in NGC holders. I think that NGC does better with grading toned coins, and to me, the star is a major attraction. Then again, some people have buying habits that die hard.

 

This is actually a contradiction of your previous statements though. If you "buy the coin not the holder" why do you need a star to tell you something is toned?

 

Not a contradiction at all. Generally, one buys the nicest coin, not the holder. However, all things being equal the star for color is very meaningful for many collectors of toned coins. Given that it is a specialized market, especially given its subjectivity in terms of color. That is my personal preference, not marketing conditions, and assumes coins of equal attractiveness, which rarely happens in the toning world.

 

That actually is a complete contradiction though. You're saying that generally get the nicest coin and the holder doesn't matter, but then the next statement is that the star is meaningful.

If the holder matters the star matters, but if not it doesn't. If we look at the market the PCGS holder matters more if for no other reason than the plastic is optically clearer, but we can't argue that the holder doesn't matter while at the same time saying the star does

 

Yeah, sometimes this truviews are inaccurate and colors are sometimes muted.

 

At its most practical, its very easy to search a very large inventory for "star" designated coins and only look at those. Otherwise, I have to look at every single one of the 4000 coins in a large dealers inventory. That's a big advantage before I even start actually looking at the coin itself.

 

Good. Then don’t buy NGC star coins—that means there are more left for me.

 

That is a nice advantage in inventories that one can search by the star. Unfortunately it won't work in all places, like on eBay (unless the seller writes the word "star" in the listing).

 

It's also very easy to search for PCGS or toned. You can't make the argument that the slab doesn't matter then at the same time say the star does. I don't personally care one way or another as the market is king, but such contradictory statements that I had commented on are hard to ignore

 

You are being petty. I said that I like the coin before considering the holder. That being said, I prefer NGC star coins, given that I like the coin’s toning initially. Absolutely nothing contradictory in that—simply my preference. If you don’t like my preferences, that is fine. We all have our quirks. However to condemn me for preference is not contradictory, it is being petty on your part. I am not going to choose an inferior coin over the NGC star holder—I already said that. However, to repeat for the third time GIVEN ALL THINGS EQUAL, I do have a preference for the star for toning. Nothing contradictory about that.

 

It makes no difference to me what your preference is. But you did say "Exactly. That is a classic “buy the coin, and not the holder” situation. The toning is the selling point, not the holder." and then have been advocating for the star holder. The only point is it can't be both ways. The holder either matters or it doesn't you can't say the coin only matters then advocate for the NGC star

 

You just don’t get it, do you? I am not ADVOCATING for NGC star coins. I am saying for the FOURTH time that given all things equal, I prefer NGC star designations for toned coins.

I looked at my Excel sheets a few days ago, just to refresh my mind, as it has been 5 years since my huge toner sell-off. I sold 479 toned coins, with 459 toned Morgan Dollars, 18 toned Peace Dollars, and 2 Toned Kennedy Halves. Of those coins sold, 251 were PCGS, and 221 were NGC. 7 were ANACS. 206 were sold on eBay, by Shane Canup, under consignment. 211 were sold in other auctions, through various sources. 62 were sold in private sales. Grades ranged from AU 55 to MS 67+.

Without getting into private finances, which I do not wish to do so, average prices were slightly higher with PCGS coins, with the exception of 26 NGC star coins, that sold significantly higher than the PCGS coins, and above average sales prices. This illustrates that my purchases were, and still are fairly equal. I reiterate that I tend to like NGC star coins, as those holders contain good-looking coins, that have maintained high value. In no way is that contradictory, as my purchasing and sales preferences were pretty evenly divided, with somewhat of a personal preference for NGC* coins.

Currently, I retained, or recently bought 49 toned coins. 26 are PCGS. 2 are ANACS, and 21 are NGC. So, I buy and sell the coin, not the holder, but NGC star coins have been good to me. End of story, and there is nothing about this information that is contradictory. It is opinion, and personal taste.