Why would someone pay so much extra for this?

Discussion in 'US Coins Forum' started by Gam3rBlake, May 4, 2021.

  1. Gam3rBlake

    Gam3rBlake Well-Known Member

    This is just a regular, common, 1921 D Morgan Dollar.

    Yes it's in MS-64 condition but you can get MS-64 1921 D Morgan Dollars by the dozen for less than $100.

    Does anyone else find it insane that APMEX is charging over $1,000 for this one just because of toning?

    The toning doesn't even look good in my opinion.

    What do you guys think?

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  3. Evan Saltis

    Evan Saltis 2 years on CT! Supporter

    They are always better in hand is the general rule. Too hard to judge from a photo for me to spend so much on.
    Unless you're on ebay, then everything is probably worse than the deceptive pics. Lol

    I like the color but I don't do toning really anyway
  4. William F

    William F Well-Known Member

    People are stupid and gullible lol...

    Edit: just looked up this one and noticed APMEX does not have pics of the obverse and also the reverse is facing the front of the slab o_O confused...
    Penna_Boy, Gam3rBlake and Inspector43 like this.
  5. Inspector43

    Inspector43 73 Year Collector Supporter

    I like toning until it distracts from the beauty of the coin. This is not my kind of toning.
    Gam3rBlake likes this.
  6. Scott J

    Scott J Well-Known Member

    Pass for sure. I've seen nicer toned CC's for less
    Gam3rBlake likes this.
  7. Collecting Nut

    Collecting Nut Borderline Hoarder

    Not the type of toning I like and the price is way to high. The prides of silver and silver coins is also crazy. You can’t keep up with it.
    Gam3rBlake likes this.
  8. ddddd

    ddddd Member

    When submitting coins, you can request that the reverse be slabbed facing forward (often done if that side has nice toning).
  9. ddddd

    ddddd Member

    Morgans from 1921 are difficult to find with nice color. They did not tend to be stored under the same conditions as earlier common dates (many of which were in bags that had sulfur applied), so that is part of the reason.

    This example has pretty nice color. It's not perfect but many toned collectors would pay a solid premium. The $1,179 price is optimistic but it did recently sell for $528 (June 2020 Stacks auction).

  10. Evan Saltis

    Evan Saltis 2 years on CT! Supporter

  11. Santinidollar

    Santinidollar Supporter! Supporter

    Toners of all shapes and sizes often draw prices beyond all reason.
    Gam3rBlake likes this.
  12. ddddd

    ddddd Member

  13. Gam3rBlake

    Gam3rBlake Well-Known Member

    That one sold for $528 though which is less than half of what APMEX is asking.

    The toning does look similar though.

    Edit: Just realized it's the same coin xD.

    But I know my uncle bought me 3x 1921 D/P/S Morgans MS63 PCGS for like $200.
  14. Gam3rBlake

    Gam3rBlake Well-Known Member

    Oh really? APMEX acts as a marketplace?

    I always assumed that everything on APMEX was stored in an APMEX warehouse and being sold by APMEX.

    It makes sense though. I always wondered how they always seem to have such a huge variety of coins from all across the world and throughout all of history (including Ancients).

    Because I don't think I have ever been to a single dealer who had even close to 10% of what APMEX has for sale.
  15. ddddd

    ddddd Member

    It's the same exact coin.
    Some dealers do ask 2x+ of prior sales.
  16. Gam3rBlake

    Gam3rBlake Well-Known Member

    Yeah I just read that and edited my post but you replied before I submitted it lol.
    ddddd likes this.
  17. ddddd

    ddddd Member

    They do have a larger inventory than pretty much any other dealer.
    They also do act as a marketplace for other dealers-particularly for classic slabbed coins.
  18. Marshall

    Marshall Junior Member

    It's hard for an old timer like myself who grew up in an era when toning was just the first step toward corrosion and shunned. The idea of premiums for toning was as foreign as selling bottled water.
    Jeffjay, Hoky77 and Evan Saltis like this.
  19. ddddd

    ddddd Member

    By the way, I was surprised to learn this too but the 1921-D Morgan in MS 64 has appreciated quite a bit lately. PCGS guide is $275 and recent eBay sales (for untoned examples) are in the $250-$300 range.
  20. Marshall

    Marshall Junior Member

    That said (post above), I do like this just a little bit:

  21. ksparrow

    ksparrow Coin Hoarder Supporter

    I think it was kept in an old, high sulfur album. I found a few like that in my Dad's sdb. The album.. a folder, really, was disintegrating.
    1884-O Morgan toned obv.jpg 1884-O Morgan toned rev.jpg
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