As a five time grandfather myself now, I think I'll coin a new saying here: "People. You can't live with them and you can't live without them."
I HAVE COLLECTED FEW COLORIZED COINS IN THE PAST. I WILL POST SOME US AND FOREIGN COINS FOR YOUR REVIEW!
It's interesting that they're called "Eagles" and not "Dollars"; my personal feeling is that it was an unfortunate choice and a poorly-thought-out decision to do so.
So these were pretty much the responses I was expecting. With a few exceptions, most collectors won’t touch them. I like the acetone approach. I’ll keep my eye open for any dealers trying to dump them at or near spot - then take them home and give them a bath. I know the acetone won’t hurt the coins, but did the paint etch the silver at all?
From a strictly bullion perspective, I remember a refiner's buy list where they specified that any colorized coins would only be taken on a discounted basis, as they have to strip the paint.
Wait...you keep your eye open for dealers and then you take them home and give them a bath? Is this a public service of some kind or a fetish I'm not familiar with?
Indeed. The only colorized coins I own are Australian 1/20th ounce gold. I bought two rolls when Apmex had them on sale several years ago. Otherwise I would not even consider buying anything colorized and no way would I ever buy any aftermarket ones.
When Ted Turner started colorizing classic black and white movies by the dozens, film buffs thought it was a really bad idea from the start, and I can't help but think your (and mine, for that matter) reaction to doing it with coins is equally on point.
There are colored coins in circulation that were manufactured as such from the mints. Canada and Australia both do have colored coins. This is one of them that I pulled from circulation
I suppose it's because I'm just an old f*rt, but there's clearly something that strikes me as jarring when it comes to this kind of decorative finish on a coin; it simply feels so "unnatural" to me. Just sayin'.