Sorry everyone but, toning shouldn't increase the value of a coin for ANY reason. Sellers may hype it up to buyers yet, it is still ONLY MS65. So, I personally wouldn't value it over $128. And remember, Grey sheets are from auctions meaning...idiots sometimes pay more just to fill their collection spots so, the values are not true.
But the fact of the matter is that toning does increase the value of a coin, as proven time and time again. Just because you may not like toning, doesn't make that any less true. Toning adds to the eye appeal of many graded coins in many instances, and eye appeal has a direct impact on a coin's value. Would you rather have an MS65 coin with colorful toning, or an MS65 with a big fingerprint in the center of the obverse? Which would you pay more for?
You can have whatever opinion you want, the market and almost everyone else proves you wrong but you can still think that
If it was on the obverse it would have. Reverse toning no matter how nice just doesn't bring the same money
The premium is only 3-4X price guide. This coin had two exacerbating factors, toning and registry quality. Keep in mind, I bought this coin in a Heritage auction, not from a retailer listing it for moon money.
This is more of an interesting location for the toning/copper spot. Looks like he just bit into the heart of his enemy... or has war paint. What did I sell it for? Common prices for MS62 right now are running $340-$380ish.