Toning on moden proofs

I recently purchased some silver premier proof sets from a dealer out of Coinage mag. i believe.
On the 95 , I noticed some rust spots on all of the silver coins.This was very unattractive to me so I sent it back. The dealer told me it was just toning, and that it did not change the value.

After sending that set back , he sent me a nicer set.

My question is, is this the truth?

I cannot believe that sort of toning would not decrease the value of the coins.

Any and all responses will be greatly appreciated.

Thanks CLAW

 

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if it was truly rust, then NO that is not good... but if it was only discolorisation, then the answer is subjective. Alot of people LOVE the toned coins, others not so much.

 

Wait, are you sure they are rust, as in RED spots on silver coins?

 

Its not rust but rust colored. I dont mind toning on regular issues, but
on proof coins that are barely 10 years old, that , to me , is a defect.

Ive seen proof coins 50 years or older with some sort of toning. But never like this.

My question is does toning on proofs make the coin less valueable.

As an example a 1900 Barber proof half. If this coin was sealed in 1901 and looks like new, compared to a coin with the same grade that was not sealed right away, and has some toning to the point that it doesnt look like a proof.
Would the coin that was taken care of be worth more?
Secondly, would the coin that has the toning have a lower grade or be worth less?

I am asking this because im interested in buying some older proofs. Though most of these older proofs no longer look prooflike. I know for a fact that it will be difficult to find an older proof that looks like new. I just dont want to pay too much for something im not to sure about.

In my opinion the toning shows that the coin was not taken care of and would decrease the value of that coin, since it no longer looks prooflike.

I know on regular issues ,toning will not increase or decrease the value of a particular coin. Collecters prefer one or the other. But proofs are a differnt story.

 

Personally, I like some toned coins but when it comes to proofs I prefer them to be absolutely pristine with no marks, spots, clouding, etc.. If I ever receive any with such defects I will always send them back for an exchange or refund. This is another reason I prefer to buy my coins in person. That way I can see first hand what I am purchasing especially when it concerns proof coins.

 

proof SAE's with toning bring big $

 

Thank you Doug , and everyone else for thier replies.

My question was not quite answered .

The toning on this proof set was very ugly.I really dont think any one would like this sort of thing.

i was wondering ( for instance take my example) If two older proofs were laid side by side, one with little or no toning and the other with lots of toning.Both coins being equal grade. Would one be worth more than the other? Even if the first coin was never dipped.

And secondly, would heavy toning affect the particular grade of a proof?

One more question. How do you tell if a proof has been dipped?
Does that mean that any old proof that look like new has been dipped?
Or is it possible that an old proof was covered up in some way as not to oxidize or tone?

Wow thats too many questions from one thread.

thanks in advance CLAW

 

Wow

How do you then get mirror and deep mirror Mogan proofs from the 1880's? Obviously coins oxidize but I find it hard to imagine that all those CC morgans I've seen from the government which are as about reflective and white as can be as being cleaned. I'm holding a Morgan 1889 in my hand with very decent luster.

Ruben

 

Ruben
There are more Morgans out there than either of us can imagine. I'd bet that there are several million ms65 or better Morgans kicking around and you can't really say that about any other non modern series.

 

I like nicely toned coins. They have individual character. You can not go wrong buying beauty.

 

Thanks again Doug for all that you know. I picked up this new book "how to make money in coins right now, by Scott Travers" which made me change my whole view point on coinage. That information I will share in a new thread.

But your right most coins have been dipped. In fact the grading services will dip them for u.

CLAW

 

And to think,I was going to send this baby back where she came from but after reading this thread,think I'll see how things develop.Could be spectacular.
I'm curious to know how many of you would keep it and how many would exchange it for one with no toning.

 

Okay, here is a stupid question. I know uncirculated coins will have the mint luster. But will a 100+ completely toned Morgan have a visible luster? And if there is no visible luster, how can anyone be certain it is uncirculated?

 

Thanks. That is what I was getting at. The coin you linked is a good example of a beautiful uncirculated toned coin. But I have read that some people consider coins with a break in the luster for any reason to mean that the coin is not uncirculated. I think it might have been something I read on the Harlan Berk website, but I didnt' go back to check so I might be wrong. However, I would presume that anyone with high standards like that is probably worth dealing with.