Why? Some collectors really like them. Valuation?: It generally escapes me. That's why I have a grand total of four toners.
Toning is part of the grading process and can be beautiful in the eye of the beholder. As with anything, it's only worth what someone is willing to pay.
IMO, people buy toned coins with the mistaken belief that someone must have kept it for a very ling time due to its quality. Or, they buy them to show off the colors and some are really magnificent! However, the art of toning coins has been perfected by many in the industry and that prized collectible could possibly have been a solid white piece less then 6 months ago which is why I try to avoid them. It's really a personal choice that has an entire following of folks that hype them to no end. Basically, buy what you lie, pay what you can afford but DO NOT swallow any stories about this or that and how valuable these will be in the future because, if you do, you might choke on the sinker.
why ? because some of the toning has beautiful colors. depending on what is was stored in to begin with. price is always subjective whatever someone is willing to pay. eye appeal for those that love toning like me. after seeing many kinds of toning you get to see what looks real (natural toning) versus what looks man made (artificial toning). I am doing a Canadian toned caribou quarters from 1937-1967 collection and a toned Canadian 50 cent collection 1937-1968. I have some really beauties. some were not cheap either. The more expensive ones I never regretted paying more for and end up staring at them longer and longer.
I don't collect them because I don't care much about toning. Some do look spectacular though. But.. Toned coins are not errors. This would been better posted on the US Coins forum.
Toning is natural and man made so beware if you purchase these. Some are real beauties but they are not error coins. I have a few but 20 years ago they were cheap. Now, they are overpriced, in my opinion, as they are in demand. I only have natural toning, nothing artificial. Some coins have toning that some love but I would dip the coin myself. I know, I used the "D" word.
you can put any value on a coin based on sales of coins from the past. you can put it as high as you want, but if you do not sell it to a buyer... then it's to high. Toning is also valued in the beauty in the eye of the beholders demand. I think toning gives a coin character. I understand that there are coin collectors out there that want their coins all white/grey. and different color copper/bronze colors.
Joshua, besides the rainbow crescent posted by TJ, have you ever seen a "Cat's Eye", a "Target-Toned", a "Tab-Toned" or even a "Tid-E Bowl" toner? Perhaps if you had ever had the opportunity to view the Sunnywood Collection of Morgan Toners, you would understand why a lot of collectors like the toners. Chris
@joshuacoinington Here's a little something for the toning reading pleasure: https://www.cointalk.com/threads/post-a-toned-coin.191715/page-420#post-2537290
Very cool, perhaps I am starting to see a little of what collectors might find intriguing about toners, I didn't realize they could be so drastic in difference, thanks to all and sorry I guess this one belonged in general discussions
something missing from this conversation is the belief, either correct or not, that a toned coin has not been cleaned. with today's commercial dips to brighten coins, and methods of artificial toning, you just can't tell any more, so I would echo what many others here have already expressed. Buy what you like, and buy it because you like it.
Had to grab this up from coin shop earlier only one they had thought I would share it hope it was a good buy.