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<p>[QUOTE=&quot;Leadfoot, post: 639936, member: 2972&quot;]Charmy,&nbsp; </p><p><br /></p><p>Thanks for your response.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>I am not -- at all -- debating premiums associated with high-eye-appeal/toned coins.&nbsp; I (like to think that I) collect them, and I pay premiums for them.&nbsp; That&#039;s not the issue.</p><p><br /></p><p>My only issue is with the price point of this coin and the use of the term &quot;rip&quot;.&nbsp; And frankly, I just think it&#039;s just a difference of opinion on this coin in particular.&nbsp; I maintain this coin is VERY common -- I&#039;d go farther and say that the 1956 and 57 mint-set cents are the MOST COMMON TONERS of all copper, and the toning portrayed by this particular coin isn&#039;t particularly unusual and while it is attractive, it&#039;s not up there in terms of the mint set toners.</p><p><br /></p><p>Now the last clause in the last sentence is admittedly a subjective assessment, and I can certainly understand how two people could value toners/eye-appeal differently.&nbsp; However, I maintain that the $30 price for this coin is pretty close to the market value -- but I also readily admit that you and AJ are likely much closer to the day-to-day retail market on these coins than I.</p><p><br /></p><p>So the question becomes how does one place a value on a toned eye-appealing coin.&nbsp; Clearly there are no hard-and-fast rules or price guides that help with valuation.&nbsp; So we are left trying to make a subjective assessment of eye appeal and the associated premium to attach to a coin. </p><p><br /></p><p>The way I try and solve that problem is by assessing factors:</p><p><br /></p><p>1) How common the coin is found with toning.</p><p>2) The attractiveness of the toning.</p><p>3) The grade of the coin.</p><p>4) The price point of the coin.</p><p><br /></p><p>Now the first three are fairly straightforward, however the last factor needs a bit of discussion.&nbsp; What I meant by that point is that cheap coins (say those that are priced from a few dollars to a hundred dollars or so) often have a very significant bump in price expressed in relative value to a untoned example.&nbsp; Using this year Lincoln as an example, it&#039;s a $5-30 coin.&nbsp; Yet toned they can fetch 3x-10x that price.&nbsp; But that premium, expressed in real dollars, is relatively small.&nbsp; Take a more expensive coin, say a toned proof IHC or MPL, a much more expensive coin, and this premium goes down from a relative price perspective (1.5x-3x in most cases).&nbsp; The point being that a more expensive toned coin is going to typically sell for less of a premium relative to the untoned example than a cheaper toned coin would.</p><p><br /></p><p>At the end of the day, valuation of coins is a very personal and subjective decision.&nbsp; What&#039;s appealing to one is not appealing to another, and therefore what&#039;s a good price for one person is not necessarily a good price for another -- and the same thing can be said for all coins.</p><p><br /></p><p>Bottom line: Coin valuation is one of the most difficult things to do with coins, and valuing toners is even more difficult.&nbsp; Great care must be taken to avoid overpaying for these coins given these challenges.</p><p><br /></p><p>I hope you agree, but if not, that&#039;s fine too.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Take care...Mike[/QUOTE]</p><p><br /></p>

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