Guess the toning premium

That Tarnish is originality. It also equals value.
By the way 2g's, someone else can be the new proud new owner.

 

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I don't understand that kind of premium. Look at this NGC graded 1880 S MS64 Morgan listed on eBay for a *measly* $565:


I think the listed price on this coin is at least understandable.

Ah, well. Each to his own. I have an agreement with my wife that every coin I purchase must be purchased at a price that I will either make money or break close to even should I ever need to sell it. Toned coins such as these are outside my wheelhouse.

 

I agree. However based on the environment they're stored in,in time they will darken.

For that price I could buy a couple that are MS 66 and have a few bucks left over.

 

I was going to say $400. I have no idea what these toners are worth, and refuse to pay the money for them. I bought this piece many years ago for "normal money." One of the "experts" told me it's not a toner. What do I know?

Maybe it's because I own it, but I like this piece better than the one in the OP.

 

I always looked at it like for the premium on a toned Morgan I could buy a much higher grade one for the same money.

 

That is a toner. The color is more mild and would have a modest premium. It would not be bid up to moon money but is still a nice example to have.

 

Sometimes the premiums have no good explanation besides two people really liking the coin and bidding until one of them finally gives in.

As far as the example you show, that appears to be from one of the sellers that juices photos. I would guess it's a middle of the road reverse toner that would go for about half the asking price with a more realistic photo.