I haven't seen a lot of toned Morgans in person, and I just bought this 1887 with some others sold as AU. I would appreciate any help determining if it has extra value and if I should send it in. It has very nice luster that cartwheels all the way around on both sides. I think it is MS of course. I've read the 1887s are known for nice toning. The first pair of photos shows the most toning. The next pair were taken completely flat and parallel to the camera. The next pair are two more examples, and the last pair were taken such as to minimize any color to the extent possible. Thanks!
Looks like high AU to me. In my opinion the toning looks natural, but it is not from a bank bag. I'm not sure what the toning premium would be. @ddddd would have a better idea than I.
Looks low MS to me. As far a "toning" premium, it all depends on a lot of things. Where would it be sold and how the market is doing. Some people like "blast white" and some, "toned" naturally. I myself, like toned coins.