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How Much Does Toning Relate To Value? (1887 Morgan Dollar)

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SoundBeing's Avatar
Germany
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 Posted 11/10/2021  1:35 pm Show Profile   Bookmark this topic Add SoundBeing to your friends list Get a Link to this Message Number of Subscribers
I have this pretty uninteresting Morgan dollar as far as date and grade. But the toning is beautiful! How much does that play a part in its value? This is 1887, MS63. Does it increase its value that it has this wonderful coloration?


How-Much-Does-Toning-Relate-To-Value?-1887-Morgan-Dollar
How-Much-Does-Toning-Relate-To-Value?-1887-Morgan-Dollar

Thanks!

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John1's Avatar
United States
56855 Posts
 Posted 11/10/2021  2:31 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
It might increase the value a bit to a collector who likes that particular toning. To another collector who does not find that toning eye appealing would not pay extra for it. To each their own,so to speak.
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Coinfrog's Avatar
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 Posted 11/10/2021  3:23 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
That says it well.
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ijn1944's Avatar
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 Posted 11/10/2021  4:16 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Agree with the above, 1000%. It all depends.
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BadThad's Avatar
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 Posted 11/10/2021  5:55 pm  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
It depends on the collector, some like it some do not.
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SoundBeing's Avatar
Germany
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 Posted 11/11/2021  12:02 pm  Show Profile   Bookmark this reply Add SoundBeing to your friends list Get a Link to this Reply
Ok! Thanks.
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atticguy's Avatar
United States
1373 Posts
 Posted 11/11/2021  12:31 pm  Show Profile   Bookmark this reply Add atticguy to your friends list Get a Link to this Reply
It's just like John1 said, except in MY case, the value is DROPPED. As mentioned, all collectors have different ideas on toning, so the effects can be both positive and negative.
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panzaldi's Avatar
United States
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 Posted 11/11/2021  2:31 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list Get a Link to this Reply
i try not to purchase toned coins. the main reason is that the majority I have seen do not age well. they tend to darken over the years until you get that black look which is not pleasant at all. the other chance is that was artificially created rendering the coin with a details designation.
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merclover's Avatar
United States
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 Posted 11/13/2021  12:16 am  Show Profile   Bookmark this reply Add merclover to your friends list Get a Link to this Reply
Officially, toning is considered damage. Some people like it, some don't, but it's a negative to the pure "perfect" coin.
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 Posted 11/13/2021  07:22 am  Show Profile   Bookmark this reply Add NumismaticsFTW to your friends list Get a Link to this Reply
Don't bother with the purists, this coin will sell for a lot more than the grade listed because of the wonderful toning. It's as simple as that.
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jacrispies's Avatar
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 Posted 11/13/2021  2:23 pm  Show Profile   Bookmark this reply Add jacrispies to your friends list Get a Link to this Reply
Toning has been a hot sell lately. From what I've seen, the toning has to be the PERFECT color combination with vibrant colors to sell for a lot more than standard retail price. Anything other kind of toning, there usually isn't an increase in value.
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Slider23's Avatar
United States
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 Posted 11/13/2021  2:48 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
Natural toning with eye appeal adds value to a coin. There is strong demand for colorful rainbow Morgan's with natural toning. The toning on your coin should bring a small premium because of the rainbow colors on the reverse. The premium would be greater if the obverse was more colorful. There is no chart or grade how to value colorful tarnish on coins.
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MisterT's Avatar
United States
2001 Posts
 Posted 11/13/2021  4:32 pm  Show Profile   Bookmark this reply Add MisterT to your friends list Get a Link to this Reply
As mentioned, it depends upon the individual. Some like toning, others like blast white. Certainly one of the criteria when grading is the overall eye appeal which of course is subjective. Sometimes toning can hide imperfections that would affect grade. Perhaps the hardest criteria to grade would be luster since the toning can obscure it and you have to sort of look through the toning to make an assessment. I see some chatter and strike weakness which to me is more distracting than the toning but personally I think your coin has a pleasant eye appeal due to the toning.
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Zurie's Avatar
United States
5661 Posts
 Posted 11/13/2021  6:45 pm  Show Profile   Check Zurie's eBay Listings Bookmark this reply Add Zurie to your friends list Get a Link to this Reply

Quote:
Officially, toning is considered damage.


I don't think this is quite correct. Toning does affect the surface of a coin, but damage has a specific meaning for graders, and toning isn't considered damage by TPGs.

Toning is all about eye appeal, so it will be subjective depending on the viewer. Here are some examples of how toning may affect eye appeal (and therefore value):

https://www.PCGS.com/eyeappeal
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 Posted 11/13/2021  7:36 pm  Show Profile   Bookmark this reply Add TNG to your friends list Get a Link to this Reply
I've always felt that toning actually is a micro layer of protection and this coin will generally stay the way it is over a very long period of time.
As long as it is stored properly it shouldn't change very much at all in your lifetime anyway. It has stabilized.
A coin that shows no toning at all still has a chance of toning at some point and who knows how it will turn out. I've had some unpleasant surprises in my collection after not seeing those coins I stored away and looked at them for the first time again in years.
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 Posted 11/13/2021  9:42 pm  Show Profile   Bookmark this reply Add Pmint1 to your friends list Get a Link to this Reply
I love toning but I don't pay extra for it. I see top dealers ask considerably more for great toning. I think it gets extra points By third part graders.
I would definitely take your coin over a brilliant in the same condition.
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