Does that really work? I have this coin here that looks like it has been blasted white and I rather it have some toning to show the details (it is the one to the right obviously):
No freaking way Winged. They are worth less then a dollar because they are heavily damaged. Duuuuuuuuuuh.
I think he had no thought of any chance of that happening. Have you met Paul yet? Tell him you see a bag mark on one of his toned War Nickels. then step back .... and watch the magic... ✌ Ruben
Uh oh, it seems that the rainbow toned coin bubble has finally burst. This coin just sold again on 11/25/2012 on E-Bay and only realized a price of $615.55. 1886 Morgan Dollar NGC MS65 November 2012 $615.55 The crash is imminent!
IMO, it's a cycle that will change. Because: "Strength becomes weakness, weakness becomes strength." Sun Tzu
This coin was under $200, and is as pretty in hand as the photograph might suggest. This debate has raged for years and years. In terms of liking toning, it is a matter of taste. Some folks like their coins blazing white. Some like them toned. Some like proofs fresh out of the Mint. Some like slabbers, while others swear by raw. Taste, taste, taste. However, to suggest that toned coins are a fad is mighty silly. In the 40 plus years of my collecting, there have always been fans of toning. Are the prices of "monster toned coins" sustainable? Who knows--is the price of gold sustainable at current rates? This is all speculation---while I have an extensive toned coin collection now, NOT a single one of the toners was the product of an expenditure of "moon money." There are lots of lovely toned coins out there at reasonable prices--all it takes is patience and a good eye--just like any cherry picking. For people to put toning down as verpaying for a chemical reaction" is as silly as someone putting down paying big bucks for a silver coin from the 1870s that is blazing white. Obviously, those coins tone as they age, and perhaps not all that attractively. So, most of them have been dipped to give them "market acceptability." Is a bright overpriced coin a "better investment" than a toned one? hardly. I think the key is to look for whatever one likes and get the coins at as reasonable as possible prices. I just don't go off and spend $1500 for a "monster toned" 1883o Morgan, as that is an untenable investment FOR ME. However, if I see a beautiful 1883o Morgan with beautiful toning for $150 or $200, I would and have not hesitated to buy if I like it. It is all a matter of value, but to dismiss toned coins as a "fad" simply isn't being realistic.
Sometimes its fun when these old threads get bumped. Gives me a chance to read some things I missed before I joined. Anyway, with respect to the following Lehigh96, please don't take offense to this but you kinda destroyed your investment argument with your own example. It depends on what numbers you use but lets low ball and say 2% inflation per year during that time period. That means from June 02 - Nov 11 you held the coin for the 9+ years and would have needed to realize about $860 just to break even. That's a terrible investment. If you had sold it for $850 I might could have let you slide on calling it a hedge or a protection of wealth but investment; no. All you did was get almost decades worth of enjoyment out of it for a fee. If you enjoyed it while you had it though there is nothing wrong with that. Heck it's cheaper than booze
I think you misread what I wrote. I did not say they were a good investment, I said "as good as any other numismatic investment." My point was that there are no sure bets in numismatics, all involve risk, and that the risk is really no greater with toned coins than with any other segment of numismatics. My bigger point is that coins are not a good investment overall. So when you compare it to bank interest, stocks, or any other type of traditional investment, numismatic investments will usually fall short. But remember, I was comparing the performance of toned coins to the performance of other coins, you are comparing it to the performance of traditional investment methods.