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<p>[QUOTE=&quot;Lehigh96, post: 1029185, member: 15309&quot;]Gachtor is the winner, I paid $146 for the coin.</p><p><br /></p><p>Just about everybody who guessed on this coin was way over the price.&nbsp; Let&#039;s take a look at this coin more closely.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars%204%20Sale/MorganDollar1886NGCMS631865266-1-1.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Here is how I would describe this coin in an auction setting:</p><p><br /></p><p><span style="color: blue"><i>This deeply toned coin with slightly muted luster displays incredible color. The obverse fields are alive with gunmetal blue, deep magenta, and emerald green. These colors mix with charcoal grey on Liberty’s portrait. The untoned reverse shows the true luster.</i></span></p><p><br /></p><p>I have said this before in this thread but it bears repeating.&nbsp; Color is not enough!&nbsp; Only the combination of color and luster will yield the vibrancy necessary to vault a coin into monster status.&nbsp; This coin has the color, but the obverse luster is muted by the deep toning.&nbsp; In addition, note how the toning on Liberty&#039;s portrait is charcoal approaching black.&nbsp; The presence of charcoal or black on a coin is a huge red flag and when you see this color, you can almost guarantee that the luster has been subdued.&nbsp; Toned coins are sought after by collectors due to the eye appeal and without luster, the eye appeal suffers greatly.&nbsp; When I evaluate a toned coin, I rank both the color and luster of the coin on a scale of 1-10 and then use a weighted average to obtain the ranking of the toning quality.</p><p><br /></p><p>(3XColor + Luster)/4 = Toning Quality</p><p><br /></p><p>I ranked this coin a 9 for color and 4 for luster yielding a 7.75 for overall toning quality.&nbsp; And while a coin with a 7.75 is worthy of a premium (3-4X IMO), it does not warrant the 10X+ premium that a coin with a 9+ toning quality would demand such as those from the Sonnier collection in the last Heritage auction.&nbsp; I must stress that this is my personal method of evaluating toning and is not accepted or recognized by any Numismatic organization.[/QUOTE]</p><p><br /></p>

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