The future of toned coins

Discussion in 'Coin Chat' started by Vegas Vic, Jan 31, 2014.

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  1. bkozak33

    bkozak33 Collector

    that makes no sense
     
    bkozak33, Jan 31, 2014
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  3. keemao

    keemao Well-Known Member

    I really like a nicely toned coin...especially Morgans. Not toned all black that looks like it has a disease or some that look "unnatural" with the kind of toning. Some beautiful blues, reds, oranges and partially cover the coin preferably on both sides is very attractive to me. I have often thought of how cool it would be to have a whole set of nicely toned Morgans in an attainable price range, of course.
     
    keemao, Jan 31, 2014
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  4. Mainebill

    Mainebill Bethany Danielle

    Is a similar debate to what's happened in the antique furniture business for early American from the 1930s-1970s and beyond everyone wanted everything refinished now collectors pay big premiums for original paint or surface and those who specialize in tasking it make good money I feel the same trend is in coins collectors have become more educated and prefer coins in original condition
     
    Mainebill, Jan 31, 2014
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  5. Mainebill

    Mainebill Bethany Danielle

    Is a similar comparison think of all the great early pieces of furniture that were skinned and compare to all the fine coins that have been whizzed polished or improperly cleaned same idea neither will ever be what it was before
     
    Mainebill, Jan 31, 2014
    #24 + Quote Reply
  6. Kentucky

    Kentucky Supporter! Supporter

    I started collecting coins in the days when toning wasn't very desirable (except for the occasional "Black Beauty" Jefferson) and still prefer non-toned coins. I have, however, gained some respect for attractive toning that is evenly distributed over the coin. I really find all those Franklins that look like they have chicken pox unattractive and wouldn't buy one for less than bullion value. That being said, I think toning will remain as a niche market.
     
    Kentucky, Jan 31, 2014
    #25 + Quote Reply
  7. Mainebill

    Mainebill Bethany Danielle

    Amen tho I wouldn't buy ANY franklin for more than bullion value now those spectacular rainbow toned Morgan's....
     
    Mainebill, Jan 31, 2014
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  8. treylxapi47

    treylxapi47 Well-Known Member Dealer

    I just received a very nice coin from my first heritage battle and the coin in hand has some toning that didn't show up in the pictures; or at least not enough for me to have noticed it. In hand she's a beaut though. Just enough toning on the very top of the obverse to be attractive and not distracting. I was pleasantly surprised and quite pleased.

    The coin in question was a 1762 Netherlands 1 Gulden. Beautiful coin in a mint state 61 grade. I'm pretty sure I'm in love with it at this point.
     
    treylxapi47, Jan 31, 2014
    #27 + Quote Reply
  9. Jwt708

    Jwt708 Well-Known Member

    Same thing with cars - now it all has to be original for.the most.value.
     
    Jwt708, Jan 31, 2014
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  10. Mainebill

    Mainebill Bethany Danielle

    Yup how I wish I still had my matching nos 68 chevelle ss needed a bunch of work and I needed a new truck was 20 never thought it'd be a 25k car
     
    Mainebill, Jan 31, 2014
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  11. Vegas Vic

    Vegas Vic Undermedicated psychiatric patient

    If what you said was true then eBay would only have toned coins, the market would be overflowing with too many toned coins and toned coins would have no premium. What the question refers to is when if ever do you think on a wide, large scale will someone be able to routinely artificially tone coins that routinely get clean holders
     
    Vegas Vic, Feb 1, 2014
    #30 + Quote Reply
  12. GDJMSP

    GDJMSP Numismatist Moderator

    3x premiums are nothing and to be expected. At the peak of the craziness 10x, 20x, even 30x premiums were not uncommon for some coins. Some even higher than that.
     
    GDJMSP, Feb 1, 2014
    #31 + Quote Reply
  13. GDJMSP

    GDJMSP Numismatist Moderator

    What I said is true, and the fact that it is true is partly why the outrageous prices for some toned coins dropped so much in the past few years - because they were getting proliferate.

    I guess it depends on how you define "wide, large scale". Thirty years ago, yeah only a few people knew how to do it, but they did know how and they did do it. There has always been a portion of the collector community that liked and would pay premiums for nicely toned coins. But 30 years ago the market for toned coins was but a fraction of the size it is today. The toned coin market didn't start really taking off until the early 2000's.

    Today there are a whole lot more people who know how to artificially tone coins, and yes those coins will be cleanly graded. In fact many of them have been graded. But does every Tom, Dick, and Harry know how to do it ? No, they don't. But it isn't hard, it doesn't cost much, and it can be done in hours.

    But every Tom, Dick, and harry does know that if you take white coins and put them in older coin albums, store them under the right conditions for anywhere from a few months to a few years - the result will be that some of the coins will have the nice toning so highly desired and sought after.

    I call that a wide large scale.
     
    GDJMSP, Feb 1, 2014
    #32 + Quote Reply
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