Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
$100 toning premium on this coin.
>
Reply to Thread
Message:
<p>[QUOTE="Lehigh96, post: 1608941, member: 15309"]We need to dumb down everything for you.</p><p><br /></p><p><br /></p><p><br /></p><p>The premiums for toned coins are the result of the open market. There are no price guides, therefore, the premiums can't be artificially inflated.</p><p><br /></p><p><br /></p><p><br /></p><p>Please explain why a 33% premium is acceptable but a 300-400% premium is not without using "because I said so."</p><p><br /></p><p><br /></p><p><br /></p><p>There are millions of untoned nickels that didn't make it to Teletrade because their value is so low that they are not worth selling on that venue. So to say that half of all Jefferson Nickels are rainbow toned is utterly ridiculous, but that is par for the course for you. The toning premium for each coin can only be evaluated on a coin by coin basis. Some common date rainbow toned MS64 Morgan Dollars are worth $90, some $150, some $300, some $500, and some have values in the thousands of dollars. When you say is it not okay to pay $500 for a Morgan Dollar worth $90, I assume what you mean is that the buyer will be buried in the coin and be unable to recoup their investment. Is that correct?</p><p><br /></p><p>The fact is that the number of rainbow toned coin for any series is very very low. Is it below 1%? For some series, it certainly is below 1%. And Jefferson Nickels are one of those series. You see Tim, you don't even understand where toned coins come from. Furthermore, you simply ignore all of the coins that are not slabbed. In 1964, both the Philadelphia and Denver mints produced over 1 Billion Jefferson Nickels. Now ask yourself, how many rainbow toned Jefferson Nickels have you seen dated 1964?</p><p><br /></p><p>How do you know the premiums for toned coins are continuing to rise? And in your expert opinion, when will the bubble burst?[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 1608941, member: 15309"]We need to dumb down everything for you. The premiums for toned coins are the result of the open market. There are no price guides, therefore, the premiums can't be artificially inflated. Please explain why a 33% premium is acceptable but a 300-400% premium is not without using "because I said so." There are millions of untoned nickels that didn't make it to Teletrade because their value is so low that they are not worth selling on that venue. So to say that half of all Jefferson Nickels are rainbow toned is utterly ridiculous, but that is par for the course for you. The toning premium for each coin can only be evaluated on a coin by coin basis. Some common date rainbow toned MS64 Morgan Dollars are worth $90, some $150, some $300, some $500, and some have values in the thousands of dollars. When you say is it not okay to pay $500 for a Morgan Dollar worth $90, I assume what you mean is that the buyer will be buried in the coin and be unable to recoup their investment. Is that correct? The fact is that the number of rainbow toned coin for any series is very very low. Is it below 1%? For some series, it certainly is below 1%. And Jefferson Nickels are one of those series. You see Tim, you don't even understand where toned coins come from. Furthermore, you simply ignore all of the coins that are not slabbed. In 1964, both the Philadelphia and Denver mints produced over 1 Billion Jefferson Nickels. Now ask yourself, how many rainbow toned Jefferson Nickels have you seen dated 1964? How do you know the premiums for toned coins are continuing to rise? And in your expert opinion, when will the bubble burst?[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
$100 toning premium on this coin.
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...