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:
1879 Morgan dollar, MS-66, CAC, $23,500
agreed with Legend’s bold assessment that this was “the most amazingly
toned gem ’79-P on the planet” when this MS-66 CAC 1879 Morgan dollar
brought $23,500. To find beautiful rainbow toning on a Philadelphia
Mint 1879 Morgan dollar is rare. The description adds that the
consignor paid a huge premium when purchasing this coin “without
batting an eyelash” and that the dollar itself was an “unexpected treasure.”
is a challenging dollar to locate in this grade even without such
vibrant color. For example in a Jan. 10, 2014, Heritage auction, an
untoned example graded MS-66 by PCGS with a CAC sticker sold for
$4,406.25. Although PCGS has recorded 145 submissions that have
received MS-66 grades, it lists just four at MS-67, with none finer.
What makes an 1881-S Morgan dollar worth $45,825?
(Amazing condition, gorgeous toning)
'Technically superb monster' 1880-S Morgan dollar
from the Sunnywood 'Somewhere Over the Rainbow' collection: $35,250
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