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<p>[QUOTE=&quot;LafayetteDollar, post: 1171288, member: 28853&quot;]I really think it would be easier if we just focused on the purchase price.&nbsp; I for one was very confused about the last coin.&nbsp; I think you are struggling with the fact that on any given day the price/value of a toned coin can vary greatly depending upon the potential bidders and the sale venue.&nbsp; It is important to recognize that people usually describe the value of a toned coin as a price range listed in multiples of wholesale (greysheet, Numismedia, etc.).&nbsp; The toning on this new 1885-O is much more vibrant an impressive than the 1886 posted previously.&nbsp; I would price this coin at 7-10X wholesale.&nbsp; Personally, because of the condition of the cheek, I would only bid 7X wholesale but can understand why someone else would pay 10X wholesale based on the incredible toning.</p><p><br /></p><p>My guess is that you paid the same for this coin as you did the last coin:&nbsp; $300.</p><p><br /></p><p>I would like to add that evaluating coins using this method of multiples of wholesale is rather dangerous right now.&nbsp; The price of silver has artificially inflated the prices of common date Morgan Dollars and therefore any multiples of those wholesale prices will be just as inflated.&nbsp; The 1886 that you paid $300 which is a multiple of 3X wholesale ($105) currently had a wholesale value of only $50 for the better part of the last decade.&nbsp; In essence you paid 6X wholesale for that coin.&nbsp; I like it at 3X, not so much at 6X.&nbsp; I really think that is a factor you should be aware of if you are going to start seriously buying toners.[/QUOTE]</p><p><br /></p>

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