The Toning Premium Thread

Discussion in 'Coin Chat' started by Lehigh96, Oct 21, 2010.

Page 109 of 111
  1. bsowa1029

    bsowa1029 Franklin Half Addict


    I wish I had saved his photos. His are always very nice and spot on.
     
    bsowa1029, Oct 7, 2013
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  3. brg5658

    brg5658 Supporter! Supporter

    Is this thread restricted to toners in the USA realm? If I post a world non-USA coin will I just get to hear the delightful chirp of crickets? ;)
     
    brg5658, Oct 7, 2013
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  4. Volante

    Volante Well-Known Member

    ^ Worth a try! I think you might get some guesses.

    I'm really glad this thread got bumped as it's what originally brought me to Cointalk.

    [​IMG]
    [​IMG]

    I'm interested to hear what people think of this coin, an 1889-P PCGS MS-62. I haven't come across this type of fiery copper-red toning too often. I should mention that the indistinct breast feather area is due to scuffing on the slab and that the coin itself has a decent strike.
     
    Volante, Oct 7, 2013
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  5. Lehigh96

    Lehigh96 Toning Enthusiast

    What you are calling fiery copper red I usually refer to as burnt orange but that is just my personal preference. Regarding a premium, your coin has two minor problems. Most collectors won't pay big premiums for monochromatic toned coins and they usually require their toners to be at least MS63. My guess is that this coin would drive a very small premium ($10) in the marketplace.

    On a side note, it is really annoying that PCGS slabs seem to always develop scuffs right on the middle of the coin.
     
    Lehigh96, Oct 8, 2013
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  6. Volante

    Volante Well-Known Member

    That makes me feel pretty good about the price I sold it for then! I bought it at almost exactly your estimate, about $10 over book. Sold it on eBay for my full BIN price of $135, even though I was looking for an offer of about $90.
     
    Volante, Oct 8, 2013
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  7. Lehigh96

    Lehigh96 Toning Enthusiast

    I am not so sure that the price you got on E-Bay was related to the toning. Your photo makes the cheek on that Morgan look very, very clean. I think someone was hoping for a multiple point upgrade. However, it doesn't really matter what the motive of your buyer was. Congratulations on a nice score!
     
    Lehigh96, Oct 8, 2013
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  8. brg5658

    brg5658 Supporter! Supporter

    This recently sold 1882-S Morgan Dollar in a PCGS MS65 Rattler holder blew my mind. The toning premium was 100 times the price paid for the most recent MS65 1882-S non-toner on Heritage. I guess someone (or I guess some-two) wanted this super common date really badly to pay $14,100 for it! :eek:

    It's pretty, but it's not THAT pretty IMO. It sold back in 2004 for a sizable premium of $1,380 -- but I still think $14K for a coin like this is approaching a genuine level of insanity. To each his/her own I guess.

    [​IMG]

    [​IMG]
     
    brg5658, Mar 28, 2015
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  9. Coinchemistry 2012

    Coinchemistry 2012 Well-Known Member

    I love that coin, but it is still several multiples above what I would pay for something like this.
     
    Coinchemistry 2012, Mar 28, 2015
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  10. mill rat41

    mill rat41 Member

    I would rather have the toner than a say 1893 S in au50 -assuming the prices were the same. To me, coin collecting is about eye appeal, not rarity.
     
    mill rat41, Mar 28, 2015
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  11. lordmarcovan

    lordmarcovan Eclectic & Eccentric Moderator

    I like the coin, too, though I'm not really into Morgan dollars.

    But the more I hear of crazy premiums like that, the more I think @RickO is onto something when he refers to it as "tarnish". That's really all it is - pretty tarnish. It's insane to pay a 100x premium for a common coin just because you like the tarnish on it.

    But to each his own. We all have our own little (or large) insanities, don't we?

    I like toned coins myself (bring on the beautiful tarnish! LOL), but I'm not the kind of person who will pay several multiples of a coin's value for a toning premium. If the toning premium is more than 10-25% over the normal, sane retail price for a coin, I move on and shop for something else. In fact, I will go full retail, but something has to be really special for me to cough up anything extra beyond that.

    Of course, like @brg5658, I do much (in fact, most) of my shopping on The Dark Side, i.e., in World coins. There's just so much more "bang for the buck" there, in my opinion.

    I almost certainly paid a toning premium for this one, but have no way of knowing, since it's pop.1 in all grades. I did lose my head over it a bit, but I was buying at fixed price, not auction.

    France: copper specimen striking of a 10-centime pattern (essai), 1848
    [​IMG]
    (PCGS SP65 RB)


    $326.65. I talked 'em down from $395.00.

    Do you think I'd have gotten a United States pattern from that era, in that grade and with that kind of toning, for such a price? You'd have to add another decimal place to the price sticker! (To the left of the number.) And yet this is likely every bit as rare as its US counterparts that are listed in the Judd book.

    Whoops - sorry - my Darkside bias is showing, isn't it? ;)

    [​IMG]
     
    Last edited: Aug 13, 2017
    lordmarcovan, Aug 13, 2017
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  12. lordmarcovan

    lordmarcovan Eclectic & Eccentric Moderator

    I will admit this is a valid point. For people to whom aesthetics counts more than rarity, I can see how exceptionally nice toning could be worth a premium to them.
     
    lordmarcovan, Aug 13, 2017
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  13. Lehigh96

    Lehigh96 Toning Enthusiast


    Lets start this thread back up again shall we. I purchased this coin raw 6 months ago and sold it recently as a graded MS65. How much did I pay for it, and how much did it sell for?

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    The person whose guesses are closest overall will be deemed the winner. Remember, I bought it raw, and sold it as an NGC MS65.
     
    Lehigh96, Jun 6, 2022
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  14. ddddd

    ddddd Member

    $30 as a fortunate raw buy
    $250 as the sale price in the slab
     
    ddddd, Jun 6, 2022
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  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Please tell us :)
     
    mpcusa, Jun 6, 2022
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  16. rzage

    rzage What Goes Around Comes Around .

    I’ll guess $50 for it raw and $400 for it slabbed .
     
    rzage, Jun 7, 2022
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  17. Lehigh96

    Lehigh96 Toning Enthusiast

    You gotta guess first
     
    Lehigh96, Jun 7, 2022
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  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    ok, $25 unslabbed , $220 slabbed
     
    mpcusa, Jun 7, 2022
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  19. Cheech9712

    Cheech9712 Every thing is a guess

    I like your nickels
     
    Cheech9712, Jun 7, 2022
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  20. Cheech9712

    Cheech9712 Every thing is a guess

    The beauty is undeniable. Gets applause. I’m USA coins. You’ll get a hi from me
     
    Cheech9712, Jun 7, 2022
    #2179 + Quote Reply
  21. Cheech9712

    Cheech9712 Every thing is a guess

    A like 12 years later. I’m gonna some day read this whole thread (lie). Glad to know of you
     
    Cheech9712, Jun 7, 2022
    #2180 + Quote Reply
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