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Message:: [QUOTE="Breakdown, post: 751243, member: 19532"]At the risk of beating this to death, and following Doug and Mike's folly:whistle:, I think the OP is great, Paul, but in my opinion is indicative of the value of that individual coin, not the toned market generally, i.e. you can't draw a curve from a single data point (I know there were multiple sales, but it was a single coin). I would think this is particularly true for the toned coin market, where eye appeal is necessarily subjective. As an example, many of us can agree that the coin in the OP is attractive, although we might differ on whether it is a 6 or an 8 or a 9 on a scale of 1 to 10 for eye appeal (to borrow Steve Estes' scale). I think that grading, while it has subjective elements (like eye appeal), should be capable of being largely objective. For instance, two skilled graders should tend to grade an individual coin consistently or at least within one grade of each other, particularly for mint state coins. Ultimately, I think it is more difficult to estimate the true value of a coin whose value is largely attributable to its toning than one that is not. At a minimum, the value of toned coins would certainly seem more volatile. Please feel free to tell my I'm wrong!:loud:[/QUOTE]