Thanks for the larger pic! Can't tell the luster but I'd go MS64 based on the pictures. Great looking toning on the reverse. You've got a fine coin there.
I don't know if that's a good price or not. It seems fair to me. I'm sure its a very nice coin in hand.
As for a grade, I would say a higher end MS-64. But unless the colors on the reverse are, well, 'colorful' (aka: NGC*) I would not bother sending it in.
There is something about the toning that bothers me, especially the way it "spills over" to the obverse denticles between 11 & 3 o'clock. Chris
MS 64. Nice coin. Like the toning--it is a wee bit symmetrical and that can be the tipoff to AT. However, I have seen ones like this before--I'd bet on album toning for the reverse. It would not get the * grade as NGC has graded a lot of 1887 MS 64 or so Morgans, and the color really has to be spectacular to get the star.
Okay, I know that I am (relatively) young and don't know to much about album toning but how is it that the obverse is nearly 100% 'white' but the reverse looks like someone places a quarter in the middle and let it tone (I know that toning starts from the edges and works its way toward the middle but what about the obverse?)
Very typical for album toning. The obverse will often tone minimally, if at all, and the reverse (the side that touches the album paper) tones from the rim to the inside--often on the rims and edges, as the entire coin may not be tightly against the album paper. This is very typical. After all, the toning is caused by chemical reaction between the coin and the paper, and if the obverse doesn't touch the paper, it might tone minimally, or not at all.
