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<p>[QUOTE=&quot;Lehigh96, post: 2186226, member: 15309&quot;]Here is what I don&#039;t understand about that philosophy.&nbsp; We talk about a premium for toned coins as if they were artificially inflated.&nbsp; The fact is that the demand for attractively toned coins makes them more valuable than their untoned counterparts.&nbsp; And contrary to the naysayers and haters, toning is not a fad, it has been a stable market for well over a decade.&nbsp; The prices for untoned coins listed in price guides are in large part determined by auction prices.&nbsp; Likewise, the prices of toned coins are also based on auction prices.&nbsp; So you are not paying a premium to what you think the coin should be worth sans toning, you are simply paying the market value of that coin.</p><p><br /></p><p>I stated earlier that your Morgan was worth 3-4X price guide with that type of toning.&nbsp; Here are some other MS64 1887 Morgans with similar toning patterns.</p><p><br /></p><p><a href="http://coins.ha.com/itm/morgan-dollars/silver-and-related-dollars/1887-1-ms64-pcgs-pcgs-population-55233-16347-ngc-census-77038-29491-mintage-20-290-710-numismedia-wsl-price-for/a/1191-8256.s" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/itm/morgan-dollars/silver-and-related-dollars/1887-1-ms64-pcgs-pcgs-population-55233-16347-ngc-census-77038-29491-mintage-20-290-710-numismedia-wsl-price-for/a/1191-8256.s" rel="nofollow">1887 Morgan Dollar PCGS MS64 $199.75 (11/2013)</a></p><p><br /></p><p><img src="http://dyn2.heritagestatic.com/lf?set=path%5B1%2F0%2F5%2F2%2F3%2F10523885%5D%2Csizedata%5B450x2000%5D&amp;call=url%5Bfile%3Aproduct.chain%5D" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><p><a href="http://coins.ha.com/itm/morgan-dollars/silver-and-related-dollars/1887-1-ms64-ngc-ngc-census-70512-27315-pcgs-population-50214-15482-mintage-20-290-710-numismedia-wsl-pric/a/1157-9118.s" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/itm/morgan-dollars/silver-and-related-dollars/1887-1-ms64-ngc-ngc-census-70512-27315-pcgs-population-50214-15482-mintage-20-290-710-numismedia-wsl-pric/a/1157-9118.s" rel="nofollow">1887 Morgan Dollar NGC MS64* $230.00 (7/2011)</a></p><p><br /></p><p><img src="http://dyn1.heritagestatic.com/lf?set=path%5B6%2F7%2F2%2F9%2F6729924%5D%2Csizedata%5B450x2000%5D&amp;call=url%5Bfile%3Aproduct.chain%5D" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Morgan Dollar NGC MS64* $200 E-Bay (4/2012)</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars%204%20Sale/MD1887NGCMS64-2.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Now obviously, some of these were sold a few years back when silver was priced higher and the base price would be higher, but mostly they are in the range of 3-4X price guide.&nbsp; I think your coin is a little less dramatically toned than these but you stated that the colors were vivid so I gave you the benefit of the doubt.&nbsp; </p><p><br /></p><p>You stated that you don&#039;t pay premiums for toned coins, but you are showing us a new addition which is toned.&nbsp; Are you telling us that you obtained this coin for price guide or near price guide?[/QUOTE]</p><p><br /></p>

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