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<p>[QUOTE=&quot;cpm9ball, post: 912939, member: 24633&quot;]A couple weeks ago there was a discussion about how toning can affect the value of coins, and much of it was centered on Morgan dollars. It happened that one of my friends had 23 listings for Morgan toners last week, and I decided to follow them to record the results. He always starts his auctions at 99c with no reserve, and he lets the bidding dictate the final price. All of the Morgans in this auction were common dates, some with better grades and some with nicer toning and eye appeal.</p><p>&nbsp;</p><p><b>I should stress that this brief study is, by no means, completely accurate or scientific in nature, and you can draw your own conclusions from it.</b> Here are the results of these auctions:</p><p>&nbsp;</p><p><b>NOTE: Retail values (2nd amount) are unresearched and approximations only.</b></p><p>&nbsp;</p><p>1) 1880 PCGS MS64 - $166.61 - $110 - +51%</p><p>&nbsp;</p><p>2) 1881-S PCGS MS66 - $296.10 - $250 - +18%</p><p>&nbsp;</p><p>3) 1881-S NGC MS64 - $71.00 - $50 - +42%</p><p>&nbsp;</p><p>4) 1881-S PCGS MS64 - $90.00 - $50 - +80%</p><p>&nbsp;</p><p>5) 1882 ANACS MS64 - $127.50 - $55 - +132%</p><p>&nbsp;</p><p>6) 1883-O NGC MS64 - $93.93 - $50 - +88%</p><p>&nbsp;</p><p>7) 1883-O PCGS MS64 - $71.00 - $50 - +42%</p><p>&nbsp;</p><p>8) 1884-O PCGS MS65 - $270.25 - $130 - +108% </p><p>&nbsp;</p><p>9) 1884-O NGC MS63 - $72.00 - $40 - +80%</p><p>&nbsp;</p><p>10) 1884-O - NGC MS63 - $76.00 - $40 - +90%</p><p>&nbsp;</p><p>11) 1884-O PCGS MS63 - $69.73 - $40 - +74%</p><p>&nbsp;</p><p>12) 1885 NGC MS64* - $168.50 - $75 - +126%</p><p>&nbsp;</p><p>13) 1885-O NGC MS64* - $143.50 - $75 - +91%</p><p>&nbsp;</p><p>14) 1885-O NGC MS64 - $71.00 - $50 - +42%</p><p>&nbsp;</p><p>15) 1885-O NGC MS63 - $56.00 - $40 - +40%</p><p>&nbsp;</p><p>16) 1886 PCGS MS64 - $179.85 - $50 - +260%</p><p>&nbsp;</p><p>17) 1886 NGC MS63 - $82.00 - $40 - +105%</p><p>&nbsp;</p><p>18) 1887 NGC MS64 - $79.00 - $50 - +58%</p><p>&nbsp;</p><p>19) 1887 NGC MS64 - $42.65 - $50 - <span style="color: black">(</span><span style="color: red">15%</span><span style="color: black">)</span></p><p>&nbsp;</p><p>20) 1887 PCGS MS64 - $77.00 - $50 - +54%</p><p>&nbsp;</p><p>21) 1887 NGC MS63 - $90.19 - $40 - +126%</p><p>&nbsp;</p><p>22) 1887 NGC MS61 - $48.00 - $33 - +45%</p><p>&nbsp;</p><p>23) 1887 PCGS MS60 - $87.00 - $30 - +190%</p><p>&nbsp;</p><p>What I would like everyone to do is examine these figures <b>without the benefit of photos</b> and comment on your conclusions. In general, what can you tell me about the coins in these auctions?</p><p>&nbsp;</p><p><b>PLEASE!</b> If you don&#039;t believe that anyone should pay premiums for toners, it isn&#039;t necessary for you to express your opinion in that regard. I hope that this little exercise will provide some insight for those who are thinking about collecting toners.</p><p>&nbsp;</p><p>Have fun!</p><p>&nbsp;</p><p>Chris[/QUOTE]</p><p><br /></p>

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