Auction Frustration---Crazy Bidders!

It only takes a stone to cause a ripple

Get enough people reading and get the trend moving and it can happen.

Physic's look at the sub market of: High grade Toned Jeffersons that are Full Steps. That is a much smaller market to move now. And if you add that the toned are already in an upswing...

 

Log in or Sign up to hide this ad.

Is the coin a top-pop?

Perhaps the right two registry players got in a bidding war.

Crazier things have happened...Mike

 

p.s. on another level, I find it interesting to note Lehigh calling ANYONE crazy for paying ridiculous money for a toned Jefferson. Talk about the pot calling the kettle black.

 

Paul - you should take some small comfort in how your collection is now valued! I remember TomB telling me about his toned Wash quarters and how they had become so valuable that he felt forced to sell them and reap the reward.

So, maybe you will be like TomB and sell some of your best toned nicks to me?

 

That is a good point, Duke, about the FS crowd, although most of the people collecting high grade Jeffs for Registry points are probably also collecting FS due to the Registry point bump.

Hey Paul, can you work your magic on my Franklin's now that I've finished the set?

 

I do sense a bubble in the toned coin market. And it may just be a fairly small number of collectors with ready cash and the desire for a top registry set.. but I think you are wise to get out of the way when the bidding passes Saturn and Neptune.

 

NO Paul don't do it. I'm still working on mine

 

Absolutely. Your posts do have an impact. Jeffersons are by no means my favorite design, but I have put extra effort in looking for nice specimens of that precise series because I have seen what a quality example of that coin looks like, largely thanks to your posts.

I can find nice white coins but nobody wants to sell their toners. I think it's not so much a trend as a niche. Afterall toning can be the glue that holds a a very diverse collection together. Old coins, moderns, foreigns, I suppose even tokens and medals, they would all seem more unified if they all had spectacular toning. For instance I happen to like chocolate brown copper. It's not everyones cup of tea, but I think it makes for a really attractive coin.

This is my favorite forum I've found for the hobby and it's interesting to figure out what folks are talking about. For instance I don't think I ever see any posts about the presidential dollars...therefore I figure they don't have much of a following. That may or may not be the case, but it is my perception, based on what is posted here. I'd never heard of mp cents before checking out the forum either, but I'm guessing the posts I've seen help keep the prices realized for those coins quite healthy. American coins in general have alot more information available about them, and it is the information that makes you feel like you understand what you are doing. I like foreign coins too but the local dealers don't have much in the way of inventory or information regarding them. If there was more "out there" about them, they would be more popular, because some are quite striking.

So yes absolutely your posts have an impact on your coins, making them more valuable. Maybe you should publish a book so you can continue to afford them!

 

I do know that I wish that I had never mentioned the term "Conder tokens" on any chat board. As does Conder101. :crying:

 

I agree - question is what happened to the price of the duacts when the dust settled a bit? I know the price of gold has run things up a bit as well as the current hobby growth so please do not include the last four years unless that is still within the time you were running up the interest by chatting about them.

I think toning is a fad that will come and go like most fads. If that assumption is true and over the next couple years we reach a peak, then the current buyers may find themselves in the same boat as some of the current home owners in our country. What is that registry set ranking on PCGS really worth? I like NT coins so please do not take this the wrong way. Just have to wonder if a bubble will burst? Many people watch these threads and we are all victims of our own advertising weather you realize it or not. If the bubble does burst, then we will hope that we can influence buyers just to recover some of the losses. The volatility of many things in this country are created by people chasing a wave after it has already risen. JMO

 

The other side of the issue is that it can help if you decide to sell. I sold my relatively small collection of Weiner Cathedral medals last year for 6-8x what I had paid for them a few years earlier. I didn't post pictures or chat much about them, but others had.

I'm sure others have similar stories with SCDs, HT or CWT tokens.

 

I don't think that either CAC or the PCGS Secure Plus system had anything to do with the toning. I also do not think that toned coins are all that much more popular among the deep end of the pool today as opposed to 2004. However, this coin looks to be naturally toned whereas the Appalachian Hoard artificially toned coins do not appear to be naturally toned even though they appear in NGC holders. Certainly, you may have had two hard core registry collectors who needed a toned MS67 FS Jefferson of the date and this might be the most likely scenario, but the fact that this coin looks original would no doubt elicit strong bidding.

 

With fads/bubbles, it is a matter of when you decide to sell that matters. As far as your example, I think everything is up and your timing was very good. I also think that what goes up will eventually come crashing down if it goes to high. Stable growth is better and is not what I see in today's market.

 

I know right. How dare they make me do that. I feel like I am yesterday's idiot!

 

To characterize that as strong bidding is and understatement. That is a bidding war without a doubt. You know my thoughts on the AT/NT debate and I really don't want to broach that subject here. However, your point about two registry collectors seeking original toning is well taken. I know that most collectors are nowhere near as liberal as I am on the AT subject.

All of the Appalachians are in NGC holders which would preclude the PCGS registry participants from bidding on them. I must admit that finding high quality toned Jeffersons in PCGS holders is much more challenging than in NGC holders. That may have entered into the equation as well. So we have a bidding war over the increased rarity of PCGS toned Jeffersons on a magnificently toned coin.

Yeah, no matter how hard I try, I still can't sell myself on paying that much money for that coin. I hope the new owner is happy.

 

I must say that looking back at it my original post lacked some tact with respect to the NGC Appalachian coins and I intended no disrespect with the comments. I agree that this might be the function of two collectors believing they need a nicely toned MS67FS piece in a PCGS holder.

I also wish the new owner luck and these price levels are why I have been a net seller of such coins over the last six years.

 

Lehigh96, all your posting of those fantastic toners obviously made them more interesting, thus more expensive. Just think of the 10's of thousands that have passed through here and read your posts, have seen your coin photos and have said "I gotta get me one of those". I look forward to your toned coin posts as well as others here do.

illini420, I think your 1908 S IHC grading set became a classic as soon as it came out. I've got it. I was watching the prices of 1908 S's and they have been going up, up, & up. I wonder why.

But out of all of this I must say: Good Job guys. You posted quality stuff that all readers of CoinTalk can appreciate.

That's what we're here for ...good stuff. Thanks,

Bruce

 

I agree with GDJMSP Paul. I've seen this beauties going up up up! I am starting to lay low on my preaching towards toned coins because of similar reasons and have realized that preaching about them does work against us collectors.

Believed it or not, when we talk/preach what we know and have studied, it brings more interest in and which in fact makes more competition for us.

Rigo has laid low and will try to keep it that way if possible. I run messages with other collectors just by email/messages if possible :secret:

 

Tom,

I wouldn't worry about. I own 6 of them and openly characterize them as "widely accepted as AT". If you recall, you were the one that first taught me about the Appalachian Jefferson Nickels a few years ago.

Until very recently the rainbow toned coin market was very stable and prices were suppressed from the highs seen back in the Anaconda days. However, Legend's marketing of the Sunnywood and Sonnier collections of rainbow toned Morgan Dollars for absolute moon money has had a dramatic effect on prices IMO. Much more than my meager forum contributions anyway.

Paul

 

Paul,
approximately 5 months or so ago I made this post, about you:

Now to say that you don't think you have affected the toned coin market in some way is silly. I had NO knowledge on toned coins before you joined this forum.