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<p>[QUOTE=&quot;Leadfoot, post: 1052150, member: 2972&quot;]That&#039;s a very interesting thought, and I apologize in advance for answering you with a question:</p><p><br /></p><p>Why would the toning market be able to provide a methodology that the coin market in general has been unable to provide?&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Cynicism aside, and while it may fall short of a methodology, there are many rules to be found in the toner market.&nbsp; Frankly, I&#039;d be surprised if you didn&#039;t know them already:</p><p><br /></p><p>1) Modern top-pops with wild toning sell for very large premiums</p><p>2) Morgans and Commems with wild toning sell for&nbsp; very large premiums</p><p>3) Type coins and coins with common toning sell for lower premiums</p><p>4) The most eye appealing coins sell for the most.</p><p>5) Thin markets where every coin is slightly different are practically impossible to predict.</p><p>6) If the right two buyers are bidding on a coin and they both want it, throw out the price guides.</p><p><br /></p><p>That tangent aside, you ask a very good question too, IMO:</p><p><br /></p><p><br /></p><p><br /></p><p>Interestingly enough, you will note that I do not use the Xx book value notation that Lehigh champions.&nbsp; I think your way of looking at it is good (i.e. dollar value rather than multiple), but I believe that there&#039;s an even better way, by comparing the coin&#039;s price to the same coin in different grades.&nbsp; While this breaks down when evaluating top-pop coins (which is what Lehigh tends to collect, and may explain why he solved the same problem the way he did), it works very well for coins somewhere below top grade.&nbsp;&nbsp; I have found this to be a much better way to look at and predict prices, particularly for type coins (which is my primary collecting interest in toners).&nbsp; My suspicion is that Shane simply does it from experience because he watches more of these things than most.</p><p><br /></p><p>But in the end, valuing a coin is a lot of &quot;gut feeling&quot; (honed by experience) and a little &quot;methodology&quot;, and what and how you collect/buy/sell will shape how you answer the question of valuation.[/QUOTE]</p><p><br /></p>

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