What would you consider as average percentage premium for a Toner?

I’ve paid 3x price guide for a few nice ones. Fantastic coins, worth every nickel IMO.

Dave

I’ve paid about 120x a comparable white coin. I don’t consider that crazy. I suspect I could sell it for a profit.

I have never bought a raw one for a huge premium so no risk on having it come back QC. I have bought coins in graded holders that were previously QC though. In those cases I obviously think the graders got it wrong the first time.

Other side of the fence here but a great example of “Toner Tax”

Agree with TomB. And many coins with dark or fugly toning have a negative toning premium.

While I am no longer buying coins, if I were I would pay no premium for toners. I learned my lesson on that back in 2004 at the ANA when I attempted to sell my toners for a premium. "Not what we are looking for".

Stunningly beautiful coins command premiums that with most enthusiasts are only provided with "throw-out-the-sheet" prices.

For commems, it depends on whether it's real toning, and most importantly, the issue. Finding a very pretty BTW, WashCarver or San Diego is no problem and they command fairly small premiums. A multi-colored Bridgeport, Lincoln, Connecticut , Huguenot or Hawaii can cost many multiples of the value of a white coin.

You can’t really put a fixed number on the “toner premium” because evert toned coin is different. The ugly ones sell at a discount, at least to those who have an esthetic sense. The exceptional examples sell for moon money. A commemorative half dollar, which would normally sell for a few hundred dollars for the Mint State grade under the toning can sell for $30 to $50 thousand if the blog postings are accurate. Toning can also boost slab grades. I’ve seen pieces that grade MS-62 under the toning get boosted to MS-64.

Toners are most often found on silver coins, but they also appear on copper-nickel and copper pieces as well. Such items are rarer than their silver counterparts, but the best of them are not as spectacular as their silver counterparts. Therefore I’ve seen offered at premium prices, but not moon money.

@BillJones said:
Toning can also boost slab grades. I’ve seen pieces that grade MS-62 under the toning get boosted to MS-64.

Great point, Bill. Even if you’re paying sheet for a given coin, a significant toning premium may be baked in by the TPG.

@124Spider said:
I'm with Ricko on this subject....

"Why would I pay extra for tarnish?!"

The quality of toning varies about as much as the premium (or discounts) people pay.

As many stated early on, it depends on a lot of factors, but the really large multiples seem to occur on fantastic original multicolor toning on Gem and Superb Gem coins that are fairly inexpensive when found in it's more common state.

The more expensive a coin is in a nice "regular state" ... think a lightly toned Capped Bust vs a vibrant naturally toned Capped Bust in AU58 or Unc ... and the premiums are usually much smaller (percentage-wise) than something like a Superb War Nickel in Blast White vs a multicolored album-type Target Tone.

Of course, even though the percentages are smaller, often times the overall dollar premium is higher.

This is such a broad question. So many different questions and variables.
It really boils down to what percentage a specific coin might bring. I think its next to impossible to say as an example 30%.
Its all over the place.
Comes down to the coin.

It’s a tougher slab, too! One of my favorite Morgans!

I traded a slabbed VF cc $5 gold piece plus $500 for this 1880-s PCGS MS64 Morgan. You can do the math.

Too broad a question and any average answer would be meaningless. I think the key question to answer is how easy is it to find another? This could include other factors besides unusual toning such as the holder and sticker combination which are also marketing variables.

I hate to admit it, but I paid a ridiculous premium for this coin (recent holder) and I know I'm crazy:

Yes, if it were not this dramatic, it's run of the mill common coin that's not worth much. Yet, find another like it. Ultimately, from a collector's standpoint, I wanted to own such a distinctive coin and was willing to step up to own it. Sometimes, emotion will over rule common logic. YMMV

I’m not a toner person. I like them, but I don’t pay crazy money for them. I do understand there’s a market for them and a lot of the people participating have deep pockets. That being said, I would pay double retail, if I really liked it. I used to be able to cherry pick toners, but it’s getting more and more difficult.

PS- I forgot about Mr. Loungecock… whatever happened to him??

It all depends on whether its "attractive toning", IMHO. I don't mind yellowing, or even rainbow toning, if its subtle. But when a coin is on the verge of turning black, it just looks like its been through a fire.