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<p>[QUOTE=&quot;Lehigh96, post: 2265652, member: 15309&quot;]There are no price guides in the toned coin market.&nbsp; You have to follow the market, understand that not all toning is equal, and be able to evaluate both the toning on the coin along with the overall quality of the coin.</p><p><br /></p><p>A common method of valuing toned coins is to equate the toning to multiples of the established price guide price for that coin in that grade.&nbsp; But if you have a toned coin that was bumped in grade for the color already, you need to be able to discount the price of the coin accordingly.&nbsp; For example, if you have two MS65 Morgan Dollars with exceptional and similar obverse rainbow toning, each coin might drive a price of 10X the established price guide price.&nbsp; But if one of the coins has surfaces that really only deserve a grade of MS64, it becomes necessary to discount the price of the coin accordingly.&nbsp; If you value the coin at 10X MS64, it now becomes worth only 4-5X the MS65 price.</p><p><br /></p><p>Knowing when to make those adjustments based on the overall quality of the coin with respect to all of the elements of grading determine who will get a good deal and who will end up needing a shovel.[/QUOTE]</p><p><br /></p>

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