Grading NT or AT Morgan: The Difference Between $10 and $1,000
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I’ve seen too many valuable pieces ruined by improper cleaning or storage. Here is how to keep this safe for the next generation.
Understanding Natural Toning vs. Artificial Toning
The discussion around this Morgan Dollar raises an important question that affects countless collectors: Is the toning natural or artificial? Based on the images and expert opinions shared, this appears to be natural toning (NT). Several key indicators point to this conclusion – the toning appears organic and gradual rather than harsh or artificially induced. As one collector noted, “If it were AT, why would the coin doctor bother? If they are that bad, they need new job.”
The Science Behind Toning
Toning occurs when silver coins react with sulfur compounds in the air, producing various colors through a process called thin-film interference. Natural toning typically shows a progression from golden hues to blues, purples, and eventually black. The toning on this Morgan shows characteristics consistent with natural environmental exposure over decades.
The Value Impact of Toning
Unlike rare die varieties or key dates, toning on common-date Morgans typically has a neutral to slightly negative effect on value. As several experts noted, “Toning is kinda neutral, maybe negative, since photo reverse is flat/dull.” The toning won’t command a premium unless it’s exceptionally vibrant with strong luster popping through – something described as “slightly positive” if present.
When Toning Can Add Value
Exceptionally beautiful, rainbow-toned Morgans from certain mint sets can command significant premiums. However, the toning on this piece appears more uniform and less vibrant. One collector compared it to their own Morgan with a similar reverse appearance, noting that “There is luster on both sides” despite the toning’s dull appearance.
The Critical Danger: PVC Damage
While toning itself may not enhance value significantly, improper storage can destroy it entirely. The most common and devastating threat to toned coins is PVC (polyvinyl chloride) damage. PVC was commonly used in coin flips and holders until the 1980s. When exposed to heat and humidity, PVC breaks down and leaches hydrochloric acid onto the coin’s surface, creating irreversible green, slimy deposits that eat into the metal.
Identifying PVC Damage
Unlike natural toning which shows smooth color transitions, PVC damage appears as irregular green deposits, often with a sticky or slimy texture. Once PVC damage occurs, the toning – and often significant portions of the coin’s surface – are permanently ruined.
Proper Storage Solutions
Based on the consensus that this is a common-date Morgan in what appears to be MS63 condition, proper storage becomes crucial for preserving both the coin’s grade and any toning characteristics.
Recommended Holders
Store your Morgan in an inert, archival-quality holder. The best options include:
- Air-tite capsules with gaskets (not foam)
- Intercept Shield holders that neutralize environmental sulfur
- Acid-free cardboard 2×2 holders with Mylar windows
- Proper coin flips made from polyethylene or polyester (not PVC)
To Clean or Not to Clean: The Golden Rule
The most critical advice from experienced collectors: “PSA, do not dip.” This cannot be overstated. Even common-date Morgans in circulated condition can lose significant value if cleaned improperly.
The Risks of Improper Cleaning
Dipping a toned coin, even in mild solutions, often results in:
- Shadow effects where darker toning leaves permanent discoloration
- Complete removal of luster, leaving a dull, lifeless surface
- Removal of the coin’s natural patina, which collectors value
- Potential for microscopic scratches that reduce grade
As one expert warned, “Longer dips will strip any luster.” Once this happens, the coin’s eye appeal and potentially its grade are permanently compromised.
Environmental Factors to Control
Beyond choosing the right holder, controlling your storage environment is essential:
Temperature and Humidity
Store coins in a climate-controlled environment with temperatures between 60-70°F and relative humidity around 45-55%. Extreme fluctuations can accelerate toning changes and potentially damage the coin.
Air Quality
Keep coins away from areas with high sulfur content – kitchens (cooking fumes), areas with cigarette smoke, or rooms with open flames. Consider using silica gel packets in storage areas to control moisture.
Long-term Preservation Strategy
For collectors planning to pass their collections to future generations, consider these additional steps:
Documentation
Document your coins with high-quality photographs and written descriptions. Note the date acquired, purchase price, and any notable characteristics. This information becomes invaluable for future owners.
Insurance Considerations
While common-date MS Morgans may not command significant premiums over bullion currently, market conditions change. Document your collection’s current value and consider appropriate insurance coverage.
Conclusion: Preserving History for Future Generations
This Morgan Dollar, while common in date and grade, represents a piece of American history. The natural toning tells a story of its journey through time. By following proper storage techniques – using archival-quality holders, maintaining stable environmental conditions, and resisting the urge to clean or dip – you ensure that this historical artifact remains intact for future collectors to study and appreciate.
Remember that even common coins deserve proper care. The consensus among experienced collectors is clear: “NT camp also” – natural toning, when properly preserved, maintains the coin’s integrity and historical authenticity. Your careful preservation today ensures that this Morgan Dollar, whether worth bullion value or more, survives as a complete artifact of our numismatic heritage.
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