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<p>[QUOTE=&quot;WingedLiberty, post: 1191141, member: 26030&quot;]<p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000">I am about 99% certain that all of the coins listed on that website are artifically toned and will not be gradable by either of the two top grading companies NGC or PCGS.&nbsp; (Note how all of these are sold raw and ungraded).&nbsp; These sort of artificially toned coins are worth much less than a regular untoned (white) coin.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">If you are going to buy a toned Morgan (or any toned coin) make sure it&#039;s slabbed and graded by either PCGS or NGC as they can detect if the toning was natural or artificial (with fairly good accuracy).</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">One way to find lots of naturally toned Morgans is go on ebay and search on &quot;PCGS Toned Morgan&quot; or &quot;NGC Toned Morgan&quot; ... then sort by price from low to high and you can see naturally toned morgans in your price range.&nbsp; Note that &quot;Buy It Now&quot; coins on ebay can be, at times, wildly overpriced, so if you find a toned coin you like in a regular (no reserve price) auction, bid on it, and you will typically get it cheaper than a similar looking &quot;Buy It Now&quot; coin.&nbsp; </span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Natural and nicely toned coins can be very beautiful, and sometimes command huge premiums over regular untoned white coins.&nbsp; The premiums can get up to 3x to 5x the bid priced of an untoned coin -- however premiums tend to be higher on coins with a lower base price.&nbsp; For higher grades (MS65 thru MS68) or rare coins ... since the base price for an untoned coin can be so much higher, any toning premiums tends to compress to perhaps 1.2x to 1.8x.&nbsp; This could be because there are so many fewer bidders with that kind of money to spend.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">For the most bang for your buck, I like getting PCGS or NGC graded MS64s, with beautiful toning patterns.&nbsp; MS63&#039;s can at times look sort of &quot;torn up&quot;, with big bag mark hits, torn up cheek, etc.&nbsp; MS65&#039;s tend to be a lot more expensive, they are beautiful though (if you can afford them).&nbsp; I think the MS64s are in the sweet spot of good price and good looks.&nbsp; Beautifully toned PCGS and NGC graded MS64 Morgans can often be found on ebay auctions (not buy it now) for prices between $150 to perhaps $250.&nbsp; I find for around $180 to $190 you can get some really beautiful stuff.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">By the way, the reason there are so many toned Morgan Dollars, is the Morgan Dollar was unloved and didnt circulate very well in it&#039;s day.&nbsp; So the Mint stored hundreds of thousands in paper rolls and/or canvas bags (both containing sulfur).&nbsp; Over time the sulfur reacted with the silver coins causing colorful toning patterns (rainbows, etc).&nbsp; I think it&#039;s cool that the toning pattern you see in naturaly toned Morgans is there because these coins sat around in damp vaults in sulfer laden bags for decades - sort of like their badge for being unloved and unwanted.&nbsp; (Like the Island of Misfit Toys or something)</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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