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<p>[QUOTE=&quot;Leadfoot, post: 1022448, member: 2972&quot;]Actually, I would say that there are two other factors that are equal or even more important in estimating the value of a toned coin -- the overall look of the coin (i.e. monster toned or average toning) and the demand for the coin type toned (i.e. is it a MS Morgan or a PR 3CS).</p><p><br /></p><p>Regardless of my quibbling, you make a great point, and it&#039;s a point that is often lost on newer collectors who would be well served to read it a few times to be sure they understand what you&#039;re getting at.&nbsp;&nbsp; To say it a bit differently, &quot;in general, toning premium is inversely related to the price of the coin untoned&quot;.&nbsp; It also makes more sense if you think of a toning premium not as &quot;a multiple of greysheet&quot;, but rather as &quot;a dollar amount over greysheet&quot;.</p><p><br /></p><p>That said, I think the whole &quot;multiple of greysheet&quot; is a good way of thinking of things when you&#039;re talking about coins like toned morgans or commems, that commonly get 2x and above premiums.&nbsp; That line of thinking breaks down a bit when dealing with type coins which are, in my opinion, better judged by where their price falls between the given grade and the price of the next grade up.&nbsp; But that&#039;s another discussion for another time.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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