Do You Like Monsters?

Posted on October 2, 2010 by

No, not these kind!

Monster

I’m referring to MONSTER Toned coins, like the 2 – Morgan Dollars shown here. Exotically attractive toned coins are unquestionably an exiting part of the market. There is however one big problem, that is, how do you determine prices for toned coins?

$1 Toned Morgan 1

First of all, there are several factors to consider when pricing toned coins. Such as, how attractive is the coin? How many others like it are available in the market? How long will it take me to find one just as nice or even nicer? How much will the seller let it go for? And how much am I willing to pay for it?

$1 Toned Morgan2

All these are just some of the factors to consider when deciding what to pay for a toned coin.

I don’t think there will ever be an exact formula on how to accurately price toned coins. And in my opinion, this only makes this part of the market much more exciting!

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Comments (4)

 

  1. I love monsters,and thank you for posting 2 of my old friends :) I have always liked toned coins.It started way back in 1963 when one of my jobs at the coin store was to remove any toned coins from bags and rolls.I was supposed to dip them,but since I liked them,I worked for toned dollars.At that time,everyone wanted all white dollars.Never in all the bags I went through did I see a dollar like the 2 above.They were mostly crescent toners,with 25% of the coin toned at most.The 2 coins above are at the top of the scale for toned dollars.Monsters depending on the grade typically sell from $3500 to $10k. Less if you are lucky,and buy one from someone who has no clue what they are worth.I would say that 40% of the coins on my website are toned.Once a toner lover,always :)
    Larry

  2. Hi Larry,

    Thanks for sharing your story. What a great experience it must have been to be able to search through Dollar bags!

    I don’t think anyone will be able to find toned coins from bags or rolls anymore. Just about everyone is now well aware that they bring strong premiums.

    Take care,

    jaime

  3. Beautiful coins you posted! I have handled the top one (1881-S PCGS MS68) before. You are absolutely right about the pricing of toned Morgans. There is no formula but nobody can deny that there is a strong market for them. Studying this market will help you to learn the different price levels for certain patterns of toning and eye appeal. You will do yourself a favor by taking a look at past auction sales of monster toned Morgans.

    There is a certain pricing schematic for toned Morgans that superceeds printed price guides for untoned Morgans. Since all toned Morgans are unique, the pricing varies between each example. Once you see enough high-end naturally toned Monsters, you can start to group each level of eye appeal and rarity of color spectrums present on each coin into current market price levels, i.e. what collectors and dealers will pay for said color/eye appeal. It is not an exact science by any means, but if you do your homework, which is incredibly important regarding toned Morgans, you will be happy in the long-run. There is nothing more fulfilling than finding that one amazing coin that will be the most universally admired coin in your collection. Happy hunting!

    -Thanks,
    -Brandon Kelley

  4. Todd Abshire says:

    After 31 years of collecting just about anything, I have come to realize that these types of toners are where my heart lies. They are all individuals in a coin world where the “laissez fair” white or dull coins seem to be everywhere. Naturally toned, high-end Morgans are truly a thing of beauty. If you’ve never held one in your hand, the “beauty” of collecting coins has never shined it’s light on you. I love them and thanks to Larry Shapiro for putting quite a few in my collection…Larry, you’re the best!

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