Beware of rainbow toning

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Well, i hope to continue to see you hear, you have a lot to learn about coins. I learn something every day here. Gl

 

I totally agree about 1970-s Lincoln Proofs. That's an extremely common date for rainbow rim toning. My own theory is that the plastic cases that year had a high content of some chemical that accelerated toning where it touched the rim. However I can't prove that -- and never saw anyone do any independent tests.

 

Full disclosure.... I just overly paid for these coins just cause I liked them.

 

Lets stop it there, no hissy fits. The purpose of dealers is to make the most money within their ideas of what is best for them . IT is a business and they have to judge what they can spend on a coin and what they sell a coin for. For more than a century, there was no company that would attribute coins for a price and stand behind their decision ( somewhat), you the collector had to spend hundreds or thousands ( I have) on reference material and grading guides to be able to make my own decisions. With the internet, there is less need to purchase the reference material as most information is available, but the gaining of the knowledge still has to occur. Sometimes one has to do things for themselves.

 

Is that the purpose of the dealer??? Or should the purpose of the dealer to be to bring integrity to coin collecting by setting the precedence and upholding the values of the coins? It's my opinion that the lack of ethics by dealers is what has caused the tremendous decline in coin collecting. So many people have been had by dealers then go home and realize just how bad that they decide not to go back. If there were a more straight forward explanation and precedence for a coins value then I believe coin collecting would be a lot more popular. You can still make money if you are doing the right thing. And dealers have a huge role in determining values.

 

The funny part is dealers need this protection too. I've seen dealers complaining with the coin they bought from another dealer over the internet not grading good enough to justify the price they paid. Then they blame PCGS... It's kinda like karma. Lol. It just keeps happening to people.... dealer or no dealer.

 

Do you have any opinion on the theory related to strain hardening and pull away toning as explained below?

 

I don't think that coin would fool very many people. And if cracked out an resubmitted, I promise it would end up in a GENUINE/Details holder.

 

Thus the value of tpg. It gives you a basic level of insurance that the coin can usually be sold for a base value which can be referred to by the buyer prior to purchase.

 

Let me understand what you are saying. Currently, collecting coins with an "original skin" is in vogue and collectors are willing to pay premiums for coins with exceptional eye appeal related to rainbow toning. In addition, collectors try desperately to avoid coins that are artificially toned by unscrupulous people who simply want to increase the eye appeal and value of the coin.

But you long for the good ole days of coin collecting where the evils of third party grading, market grading, and toning premiums didn't exist. A time when the originality of toning was viewed negatively and it was completely acceptable for everyone to dip their toned coins because they simply wanted to increase the eye appeal and value of the coin.

Did I get that right Eddie?

 

I agree. If only dealers and the tpg's of this world would work together and make a clearer pricing that would be great.... but there also needs to be a cheaper and safer way for the average collector to be able to participate as well in my opinion.

 

What do you mean by clear price? You think there shouldnt be different prices between same grades of the same dated coin?

 

I don't know how much easier you want it to be. The TPGs assign a grade and you have free access to 3 different price guides and auction archives dating back over 10 years. Now in relation to toned coins, there is no price guide. Fortunately, you consider toned coins pmd and will not pay huge premiums for them. But if you are interested in learning, feel free to read the following thread.

The Toning Premium Thread

And yes I know it is over 100 pages long, but it is very entertaining. Has to be more fun than hijacking this thread.

 

With no offense intended this statement shows a profound lack of understanding of the U.S. coin market.

 

No offense to you but live in the past and become a dinosaur. Your statement shows a lack of changing the future of collecting for the average individual and a lack of care for the average collector. Your comment is exactly why there are fewer and fewer collectors. Sad.

 

Let's test your understanding.
What is the value of a 1947 s dollar?
What is the value of a 1947 s dollar with a little toning?
What is the value of a 1947 s dollar with a lot of toning?
....... Exacly....

 

Lol. Your funny. I dont know the answer to your question. You got me.

 

Lehigh let me check my library. Since the historical and counterfeit coins I collect - I really do not study in depth - the topic of toning. I understand the principle causes and the general compounds in questions involved whether its a silver or copper surface but beyond that ... When I think of stress fractures there is discussions like hydrogen embrittlement and such which has been studied particularly in antiquities as well as in coins. But does strees fractures promote higher? toning rates? Granted - from this thread it would be an interesting side by side on a confirmed AT vs. NT at the microscopic level. But with all due respect - if stress areas tone faster - so what?
Will check and report back ... ONE THING IS FOR CERTAIN YOU WILL LIKE MY NEW BOOK IN 2017. Its light years above Weimer ... IMO <VVBG>.

JPL