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What is the most outrageous amount of money you have seen paid for a toned coin?

Started by the_Thing ®,

25 posts in this topic

the_Thing ®

the_Thing ®

Posted
Posted

I'm talking about big money paid for the toning, and toning alone. Example, you have a morgan that trends for $50.00 without toning. But, because of the toning Mr. X paid $10,000 for it. Can you think of any actual examples where something like that has happened?

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jom

jom

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Posted

The Oregon was a lot but the one commem that comes to mind was one that was in an ANACS holder and was questionably AT. It made the rounds from dealer to dealer all the while the price went from about $5K to about $25K in about a years time. Eventually, some dealers supposedly got some documentation on the coin and NGC finally graded it. I think then it was sold for $35k or so. I don't remember which commem it was...it might have been the Lincoln. Truthteller or Greg might remember it....

 

jom

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gmarguli

gmarguli

Posted
Posted
The Oregon was a lot but the one commem that comes to mind was one that was in an ANACS holder and was questionably AT. It made the rounds from dealer to dealer all the while the price went from about $5K to about $25K in about a years time. Eventually, some dealers supposedly got some documentation on the coin and NGC finally graded it. I think then it was sold for $35k or so. I don't remember which commem it was...it might have been the Lincoln. Truthteller or Greg might remember it....

 

Sure I remember this coin. It was a Roanoke in ANACS MS67. I believe the price went from $7K to $21K between dealers (and slabs). Last I heard it found a home with a collector. I believe it was $30K.

 

The coin was wonderful looking, but the toning was questionable.

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gmarguli

gmarguli

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The worst markups I've seen have been on $10 coins (silver eagles, modern commems) where the seller was asking $5K-$10K. Even worse is that many of these are the AT Olympic commems that PCGS stupidly holdered many years ago. They are 100% AT.

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braddick

braddick

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Posted
The worst markups I've seen have been on $10 coins (silver eagles, modern commems) where the seller was asking $5K-$10K. Even worse is that many of these are the AT Olympic commems that PCGS stupidly holdered many years ago. They are 100% AT.
893whatthe.gif
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gmarguli

gmarguli

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Yep Braddick, they are 100% AT. They were being sold raw by a dealer at Long Beach 15 or so years ago. He had a case full of them along with a bunch of other modern commems. PCGS slabbed a bunch of them and then realized that they were AT. Since then a few more have made it thru PCGS, NGC, & ANACS, but not that many. It was something like raw $35, in a PCGS slab $75.

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truthteller

truthteller

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The modern colored commem market has died at those outrageous numbers. I've been to several shows where those modern colored commems can be had for as little as $250 now, and the dealers who ask $2k, $3k or higher are looking like fools. However, the outrageous colored classic commems have about 5 players out there who will still pay $20K and more. Only a few guys are running up that market and are becoming VERY selective. In addition, the monster colored morgan dollar series has really pulled back, with MS64's now down to the $300 range from highs of $2k. It's only a matter of time.

 

 

 

TRUTH

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michael

michael

Posted
Posted

The worst markups I've seen have been on $10 coins (silver eagles, modern commems) where the seller was asking $5K-$10K. Even worse is that many of these are the AT Olympic commems that PCGS stupidly holdered many years ago. They are 100% AT.

 

--------------------

- Greg, Official Message Board Ambassador™

 

they are 100% AT. They were being sold raw by a dealer at Long Beach 15 or so years ago. He had a case full of them along with a bunch of other modern commems. PCGS slabbed a bunch of them and then realized that they were AT. Since then a few more have made it thru PCGS, NGC, & ANACS, but not that many. It was something like raw $35, in a PCGS slab $75.

 

--------------------

- Greg, Official Message Board Ambassador™

 

what about all the toned peacock ikes and application hoard toned silver war nicks 893scratchchin-thumb.gif893scratchchin-thumb.gif893scratchchin-thumb.gif893scratchchin-thumb.gif893scratchchin-thumb.gif893scratchchin-thumb.gif893scratchchin-thumb.gif

 

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jom

jom

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Sure I remember this coin. It was a Roanoke in ANACS MS67. I believe the price went from $7K to $21K between dealers (and slabs). Last I heard it found a home with a collector. I believe it was $30K.

 

The coin was wonderful looking, but the toning was questionable.

 

Yup, that's the one. I just thought paying that much was crazy expecially when the coin was questionable toning...

 

Is that the one that Anaconda sold? I seem to remember something about they traced the provenance of the piece, which helped to get it slabbed.

 

Yup..again. Provenance or not it's still questionable. laugh.gif

 

Personally, I didn't like the coin at all. Too dark.

 

jom

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gmarguli

gmarguli

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Posted
what about all the toned peacock ikes and application hoard toned silver war nicks 893scratchchin-thumb.gif893scratchchin-thumb.gif893scratchchin-thumb.gif893scratchchin-thumb.gif893scratchchin-thumb.gif893scratchchin-thumb.gif893scratchchin-thumb.gif

 

The hoards that keep on giving and growing.

 

The Peacock hoard story has pretty much been disproved long ago. There are so many problems with this story that Alice in Wonderland is more believable.

 

The Appalachian hoard nickels, I believe, are AT. I think their creator is known. The hoard has also grown greatly over the past several years.

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truthteller

truthteller

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"The Peacock hoard story has pretty much been disproved long ago"

 

 

It depends which story is told. The most factual part of this story is rather mundane. How it got to the "hoard" reputation is quite impressive with several players involved in a chain of embellishment.

 

 

TRUTH

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braddick

braddick

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"The Peacock hoard story has pretty much been disproved long ago"

 

 

It depends which story is told. The most factual part of this story is rather mundane. How it got to the "hoard" reputation is quite impressive with several players involved in a chain of embellishment.

 

 

TRUTH

893scratchchin-thumb.gif

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Morgannut

Morgannut

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The most I've seen at auction for a common Morgan (1880-S) with rainbow toning is $4,230 in bidding between two knowledgale collectors/dealers, at Bowers Baltimore last year. They've sold for much more of course- but to retail buyers.

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mintst8-migration

mintst8-migration

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At this year's ANA Signature Auction Sale, a PCGS65 common date s-mint Morgan dollar sold for about $5000. I was the high bidder in the internet part of the sale, and the underbidder when the lot closed. Maybe it's not so bad that I lost this lot. You can buy a few nice coins for $5000.

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HaydenTubbs

HaydenTubbs

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Just check Braddick's eBay listings,it happens every day!

 

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hail.gifjom

 

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jom

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Braddick-

I don't mean to offend you or anything.You do have some awesome toned coins.It's just that they always seem to go for "outrageous" prices.Take for example that 1887 $ that went for almost 5x bid!I guess I'm just not a toned coin fanatic, as I just think that's too much of a premium for a common coin in MS-64.

-Hayden

PS Of course I'd have happy to take it off your hands for 2x bid devil.gif

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