Terminal toning or not

I'm negotiating a coin purchase, and the toning, to me, looks terminal (or *really* close to it). The problem is that NGC graded the coin, so the seller is arguing that the toning bumps the coin up a full grade.

I could rationalize that maybe it's neutral toning, even if terminal, since it's a crescent, but is it really worth a bump up in grade?

 

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Tell the seller that he/she can keep it. It may have been a crescent rainbow at one time, but now, it is just black.

Chris

 

Yes terminal. No to any premium. Even if it was rainbow there wouldn't be a premium really. Coverage is too small. And toning isn't financially equated to grade bumps either. The seller knows nothing

 

Sadly, that's what it seems will end up happening. I bumped my offer up to the high end of MS62, but he seems to be adamant about wanting MS63 money, even though the black crescent likely brings the coin out of MS pricing, entirely.

BTW, the reverse is the *nice* side of the coin. The obverse isn't toned, but has so many bag marks and clashes that it's just gross looking. Part of me wants it, because it reminds my childhood, when I was so happy to have found a Morgan that was all beaten up, and my aunt explained to me that condition matters in most things... so I got a polishing rag and "cleaned it right up."

Edit: Oh well, I messaged the seller that I'll pass. Basically, I told him that I'm a buyer at $40, but it's clear he'd be a buyer at some number north of $45, as he's adamantly holding to $55.

 

7

 

I agree. You can find a nicer one for 40-50 dollars.

 

Let the seller keep it. That toning makes the coin look damaged whether it is or not.

 

I would say the toning might be the reason it got an MS62 instead of an MS63.

I agree with others here. For that money, if you're just after any Morgan regardless of date and mint, you can get a nice, common-date MS63. I got one at a show recently with a 1981-dated ANACS photo cert for around that. I wouldn't have even taken a second look at the coin were it not for the cert, but I think it was a fun purchase nonetheless.

 

This, was basically my thinking. The front has a lot of chatter on the cheek and in the fields, but from a distance, it looks like MS62/63. I'm pretty sure the terminal toning on the back solidified the 62. If the blackness covered more than 1/4 of the coin, I'd say it may have gotten a "details ED" holder.