Bid over 30X Wholesale and Lost!

Somehow, that does not sound like you. Think about that a minute. They are telling you what you ought to collect. REALLY?

 

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the power of pcgs is in their ideas

 

We just went through a flood. Many of my slabbed coins were under water for nearly 3 days in the mud. I was able to clean off the slabs and now U cannot tell they were ever under mud . . . let alone for three days. But this should be in another thread. so I'll cut this comment short. Just wanted to make a point.

 

Kanga may be right but I can tell you that there are collectors out there that 100% loved the Presidential dollar errors.

AT vs NT. I know of a guy who is putting together an MS65 set of Franklins right now and all of them have to be toned the blackish color. He likes it, I would turn them in for bullion. : )

 

This subject about vivid modern toned coins needs to be questioned more!

This subject about vivid modern toned coins needs to be questioned more!

Collectors have always paid a premium for toning and this will continue.

I'm not at all sure that you are correct on this - I think the toned coins in mint state with vivid colors like these were hardly ever sought out prior to the 1990's - I've heard many an old time collector say they would always dip toned coins to achieve the "white BU look" that was so desired historically.
First don't get me wrong I have toned coins that I love and have paid extra for some, (most of mine have been found in bank wrapped rolls and proof sets) but this whole subject regarding these "vivid modern toned coins" needs an injection of logic to say the least.
Now I've seen hundreds of original mint and proof sets both silver and clad, original boxes/envelopes - the whole nine yards.
Yet I have rarely if ever seen this type (the PCGS dime) of vivid striking colors that this dime seems to possess. I have seen this type of toning with proof nickles much more often but minis the red/pink mostly but some beautiful stuff. I've seen war nickels sets that have beautiful toning.
But think about it - out of all the sets/singles in the world, boxes, hoards that are out and eventually come to the market I have never seen a silver dime with those type of vivid colors - something about that dime cries out, too vivid, to new, to vibrant! Many original sets have been kept in air conditioned homes the entire time, some not, some old timers never even opened the box they came in since 1962 or whatever.
Still, I have never seen a dime like this one, never one that continues to cry out, - too vivid, too fresh, too new, too vibrant, have you'all?????
Would not we at least see "a few others" in the last 14 years, or for that matter, the last 60 years??? Additionally, anytime I have seen toning approaching this intensity the entire coins surface was covered - this dime interestingly enough has some portions of the silver intermingled with color showing, isn't that odd???
I mean what's so special about this "one dime" that caused it to become toned? With these observances I must admit I will have to lean on the artificially or somehow advanced/enhanced type toning process was used to create this "look".
One more thing - whoever did this one is surely trying to do (or has) made more so watch out down the line for these.

 

So, keeping them in Airtites, ISs so the least amount of air is present will keep them from completing the oxidizing process? How about sealing the coins in an inert gas like argon then suspending them in time, so to speak.

I'd hate to buy a beautifully toned coin only to see it go over to the dark side.

Bruce

 

Airtites are good.

If you could manage to keep them in an inert gas, that would probably work wonders. I'm thinking nitrogen instead of argon -- probably cheaper.

I like toned coins, but I like some coins to remain untoned. For instance, I have an original, gem-plus roll of 1958 Washington quarters -- absolutely blast white. I have them in a plastic coin tube, and I have the tube wrapped in tinfoil. These coins will not oxidize (tone) during my lifetime because the tinfoil is so reactive. All of the contaminants will react with the tinfoil long before they reach the coins.

 

LOL!

That's when it'll happen, once these "recipes" filter down to the public. Hasn't happened, yet, because nobody "in the know" is willing to disclose. Why should they disclose, when the only reason they're making money is their recipes remain undisclosed? But, these 30-over wholesale prices are hanging on by that one thin thread. Just sayin'...

 

When I buy a NT coin in a PCGS or NGC slab I am not concerned that any kind of meaningful additional toning will occur in my lifetime.

 

i believe GD pointed out the danger of tin foils the other day

 

Ben,

Prior to the 1990's toned coins still sold for premiums to advanced collectors. The premiums were much slimmer but they existed. BTW, the 1980's is almost 20 years ago.

I was not really talking about vivid modern toned coins. I already stated that this specific case is lunacy. Also, I stated more than once that this seller juices his photos, so we can expect the coin not to be as vivid as the photos depict.

I don't know what caused this dime to tone that way but I will say it has nothing to do with the dime. It has everything to do with the environment the dime was in. It really makes no difference if the coin is AT or NT, once PCGS slabbed the thing and called it market acceptable, all but the most discerning toning enthusiasts will consider the coin as such and bid accordingly.

I am not defending the originality of this coin and since I lost the auction, I don't really care. However, I find it ironic that I post a modern piece of crap that sells for over 30X wholesale proving the strength of the present toned coin market and am immediately told the toned coin market is going to crash soon.

Paul

 

I see I stand corrected and I understand,

I see I stand corrected and I understand your point now, thanks!
I would have paid $45 for that dime myself but would never have told a soul.
This is one of my biggest concerns/ complaints regarding the ABCD boys.
You see that if we'all had been shown it in a PCI holder we would not have given it much thought and it would have got the $22 it deserves but just because it's in "the big ones" holder we all sit up and come to attention, even me, like it's some kind of holy relict!
What's wrong with this? Many things I suspect and we all maybe guilty!

 

Paul, IMO, that's a rather naive assessment, from someone I don't consider naive in the least. Please explain your logic. Thanks...Mike

 

I think you are misunderstanding my point. I will use three categories of collectors to further illustrate my point. The first is the discerning toning enthusiast that understands toning and how it happens and they will always make their own determination about the originality of the toning regardless of the fact that the coin is slabbed by NGC or PCGS. These collectors will not buy a slabbed coin if they think it is AT. The second group is collectors who understand the toning process and are able to make a determination about the originality AT/NT, but don't care as long as the coin is already slabbed. I fall into this group. I have no fear of buying what I believe is a slabbed AT coin because I know I can sell the coin at a good price because of the slab and the collectors in category number three. The last category (which I believe is the largest) consists of collectors that don't understand the toning process and can't make a reasonable determination between AT and NT for themselves. These collectors will assume that the toning is NT since it is in a slab.

Basically what I was saying is that only the most experience toned coin collectors will try to weed out the AT slabbed coins. Everyone else will either assume the toning is original or not care because the coin is slabbed.

And Doug, I know what you are about to post and I agree with you. That is another reason why I am firmly entrenched in category number 2. There are times when nobody can say for sure. The coin in the OP is one of those times IMO.

 

That makes a lot more sense now, thanks!

 

Speaking of the devil. Check this auction out. Already over $100.

http://cgi.ebay.com/1938-d-PCGS-MS6...ryZ41088QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

 

the pearls of wisdom are lost after seeing the pics. where can i get one of those 8? i like the color

 

Is that Puffs(TM) or Charmin(TM), or doesn't it make any difference?

I understood this much (at least, about copper) when you showed me your Coin #1 in a different context. I believe I was inquiring about a couple same-dated Mexican cents I had, one that had gone brown, and the other that went red. I thought, at the time, that was kind of peculiar.

I believe, when you get right down to it, maintaining the distinction between AT and NT is an exercise in futility. It's meaningless. If you like the toning, bid on the darn thing. I don't care if it got that way in a baked potato or took a million years. If you like it, that's all that should matter. I don't happen to like the toning on this '95-S. I think it looks like costume jewelry. Still, I recognize, there's a market for costume jewelry.

 

It's good enough to preserve our founding documents...