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<p>[QUOTE=&quot;Lehigh96, post: 2290311, member: 15309&quot;]There is a lot going on with this coin, most of which can be ignored.&nbsp; The price difference between an 1881-S MS63 &amp; MS64 is about $15 so the effect of the &quot;+&quot; designation is essentially meaningless.&nbsp; The price of this coin is solely dependent upon the quality of the toning.&nbsp; It looks to be a standard crescent toner with almost half obverse coverage.&nbsp; These usually sell for 3-4X the price guide price for the assigned grade.&nbsp; If you use the wholesale price for an MS64 ($65) as a guide that would give an approximate value range of $200-$250.&nbsp; The value of the registry point increase is negligible because most registry collectors are not going to include an MS63 Morgan Dollar in a registry set and the black holder will only increase the value to people who are trying to assemble a toned Morgan collection in retro holders, which would probably be a very small group.&nbsp; Keep in mind that the price estimate I just gave is based upon the MS64 grade, if you use the MS63 grade, it falls to $150-$200.&nbsp; Personally, I would give no merit to the &quot;+&quot; designation and treat the coin as an MS63.&nbsp; If you can get someone to pay $200 for your coin, I think you did very well.&nbsp; I would not sell it below $150, that&#039;s leaving money on the table.</p><p><br /></p><p>[USER=75984]@Cascade[/USER], I don&#039;t know why you think the OP&#039;s coin has terminal stage toning.&nbsp; To my eyes, we are looking at a photograph that was taken but did not using the correct lighting to show the real nature of the toning.&nbsp; If I had to bet, my guess is that the toning on that coin looks much more like this.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars%204%20Sale/MD1887NGCMS64-1.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><p>FWIW, I bought the 1887 above in 2007 for $335 and sold it for $275 in $2012.&nbsp; The price guide on an MS64 1887 is the same as an 1881-S, but the toned coin market has softened a bit since 2007 and I was known to pay strong money for coins that I thought had great eye appeal.</p><p><br /></p><p>If you are going to sell this coin on E-Bay, make sure you take a better photograph than the one you have showed us.&nbsp; That photograph is inadequate and could easily cost you a significant amount of money.</p><p><br /></p><p>Paul[/QUOTE]</p><p><br /></p>

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