The Toning Premium Thread

$905 and pretty

 

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I need to recuse myself on this one. Interesting color.

 

I got this 46-S within the past year,, not too long ago.

 

I'll go with $310.00

 

Pretty slow and light activity on this one over the holiday... assuming everyone is busy packing down the bird and fixin's....
Anyway, Seasnake wins this one.. $446 won it. Not as happy with this one as others as I felt I chased it abit further in the auction than some other toners which I felt were taken at less of a premium.....

Bring it on Snake !

 

There is a theme within this thread, or maybe it is the theme, about avoiding paying too much of a premium for toners (which applies to any other quality for that matter). E.g., a while back you compared a toned Morgan to one I posted, suggesting I paid too much for mine. I submit that coins generally go for what they're worth. If you want something nice, you're going to have to pay for it. Personally, I never see "bargains" on Heritage, although I occasionally see the opposite sky high price because of a bidding war. My point is that if one is expects to find a "discount" of any kind, or even a "reasonable" price, you're going to lose a lot of coins. And it's those unreasonable ones that are going to demand the biggest premiums in the future. That's my sense anyway.

There might be bargains on ebay if one has the time to spend, but you have to sift through a lot of dreck to find them.

Here's a killer 44-D Walker you might have already seen on Heritage. It's already up to $1,610. I thought it would go to $1,600, but now I'm kinda curious what it has left in it.
http://coins.ha.com/common/view_item.php?Sale_No=1147&Lot_No=3751&Lot_Id_No=48011

 

I think that the theme you identified only characterizes the buying habits of the majority of the participants of this thread. That in itself does not make the theme correct. I have a much different purchasing philosophy than most collectors. I am a firm believer that "cheap coins are never great and great coins are never cheap."

Since I covet eye appeal above all else, it stands to reason that most of my collection consists of toned coins. For this thread to be truly educational, it will need to provide information that teaches what kind of toning should drive a premium, and how much of a premium. The best comments regarding the toning premium I have ever read were written by a fellow member of Cointalk and many other coin forums, Tom Bush (TomB). The following is excerpt from Tom's website:

"It is an entirely different thing when you do not know when or where you will find the next monster coin for sale and, even if you are fortunate enough to find one or more, what the cost level will be to acquire them. Five times Greysheet bid is not unheard of and even fifty times bid is a bargain at times. The lack of certainty in replacement and cost makes this niche market less predictable."

http://ivyleaguecoin.com/toningpremium.html

As this thread progresses over time, I expect to see some coins with significant premiums posted as examples.

 

Well said, Lehigh. You may have gathered from some of my posts that I'm new to toners; I'm also relatively new to collecting (as an adult). Bought my first toned Morgan earlier this year and realized over time that, while brilliant white coins more or less have the same look (I won't say "look the same," don't want to start an argument!), each toner is unique. And this is why I can't imagine the toner market greatly diminishing over time, contrary to the caution some others have expressed here.

The bottom line is that quality is quality.

This thread has been very educational: it's made me look hard at various types of toning on issues I generally don't follow.

 

Still down in the keys, wont be home until 12/8, (life is good) so someone else needs tp post. Anyone keeping track of who has the most wins?

 

Coinman came in second,,,, how about it coinman,, do you want to go next ?

 

I'm out of toner inventory. So, again, who has not posted a toner yet ? or have we all ?

 

How about a classic toned Morgan Dollar purchased from a no reserve E-bay auction in 2007.

 

Common coin, not really a striking toning pattern, questionable (IMO) *.

PCGS says this coin is $62 in 64 and $152 in 65.

I'll guess $150.

 

$100.... I think the limited tone on the obv would have held it back a bit...

 

Looks like someone was in a cat fight . I'll go with $85.00 Wait, that's a STAR ???

 

The one thing I hate about Morgans is that they are commonly toned iridescent/ pastel. As most probably know I am just an iridescent type of guy. With that said I know theres a huge market for these type of coins. One must not get too caught up into the star designation because it can be issued for a number of different reason. One must also understand that people collect toners because of their toning, and not always for their surfaces. Nice coin! $275

 

Once again I think Leadfoot's really close. I'll go $140. I would think the band of colors near the rim appears darker in hand and thus takes away a little from the appeal. (I.e., it may not have been as well photographed for the ebay auction.)

 

$333

 

I remember being outbid on this coin. So I'm going with $90

 

$111, looks familar