Obviously it's time for bed because reading this makes me want to toss a quarter in it to see what happens.
So what you would see is more of a slow fadeout as the object shrinks and gets redder and dimmer, until you can't see anything at all. In the limit as the object gets smaller and the photons get dimmer, you end up with something that emits no light and is the size of the black hole silouette.
In reality, the initial collapse probably won't include all the mass of the object, including any dust or gas orbiting nearby it. So your lovely "fading from sight" black hole will be there, but obscured by the raging maelstrom (always wanted to use that word) of material now circling the plug-hole around it and heated to $DEITY knows what temperature.
throw void into black hole (becomes neutron star)
throw little piece of black hole into neutron star (becomes black hole)
aah. little theory.
blackhole mass can be used to convert neutron star to a blackhole.
A balance between blackhole and neutron star.