The following post is pulled from Coin World editor Steve
Roach’s Market Analysis column in the Oct. 27 issue.
coin series have as broad collector interest as Morgan silver dollars.
Like fans of any long-running series with many date and Mint mark
combinations, collectors often specialize while others just want a
single example for type purposes. One area that experiences huge
demand and often crazy auction results can be found in toned Morgan
dollars. Especially on high-grade Mint State coins, some Morgan
dollars have spectacular rainbow toning and when these coins are
offered at auction, it’s anyone’s guess as to what they’ll bring. Here
are three from Bob Simpson’s Sunnywood Collection that soared at
Legend’s Oct. 2 Regency auction in Las Vegas, Nev:
1880-S Morgan dollar, MS-68, CAC, $35,250
spectacular example from the Sunnywood “Somewhere Over the Rainbow”
collection of toned Morgan dollars is this 1880-S coin graded PCGS
MS-68, also with a green CAC sticker. It brought $35,250. It is
described as a “technically superb monster” with “an intensely toned
obverse with blues, pinks, and true gold, miraculously paired with
lustrous classic vertically banded rainbow toning on the reverse.”
is imparted on a coin’s surface over time and the description
speculates, “Perhaps the reverse lay facing up in the Mint bag, but
the coin was propped up at the rim, thus allowing limited air flow
across the obverse as well.”
concerns that the toning may perhaps change over time, Legend adds
that the coin had the same look when offered at auction in 1982 and
was purchased by the consignor in 2006 for $23,000, showing stability
(in terms of the coin’s appearance) and price appreciation (in terms
of the market).
Unusually gorgeous 1879 Morgan silver dollar graded
MS-66 with a CAC sticker brings $23,500 in Las Vegas
What makes an 1881-S Morgan dollar worth $45,825?
(Amazing condition, gorgeous toning)
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