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1954-S Toned Franklin Half – Guess its grade before submittal to PCGS
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<p>[QUOTE="Lehigh96, post: 1441733, member: 15309"]There is a fundamental difference. The storage of silver dollars in canvas bags in bank vaults was an acceptable means to store coins. Furthermore, the toning patterns created by such storage is well documented and expected. When the TPG's see a Morgan Dollar with toning that fits the mold for typical patterns and color schemes found on bag toned Morgans, they will be very likely to grade the coin. Likewise, placing coins in coin albums is an acceptable method of coin storage and those albums again produce predictable color schemes and toning patterns. Unfortunately, your parents attic is not an accepted method of coin storage and the TPG's have no way to predict the toning patterns caused by prolonged exposure to that attic. So while the resultant toning happened naturally, the color scheme is not similar to anything that is predictable from proper storage methods. Therefore the toning is deemed questionable yielding a problem coin.</p><p><br /></p><p>You have to remember that this is not a simple issue. The TPG's have to balance two competing factors. They can't simply grade every toned coin because the market demands originality and does not want AT coins included. Likewise, they can't not grade every toned coin because the market doesn't want naturally toned coins punished. A great many collectors love toned coins and want their toned coins graded. They just don't want to be duped and end up with an AT coin. But the line between AT & NT is so impossible to determine that their task is impossible. Their solution is actually genius in my eyes. They grade coins that they deem to be market acceptable. Now you are saying "what the heck does that mean". Well think of it like this. There are coins that almost every collector can identify as AT. There are also coins that almost every collector can identify as NT. If we put the AT on the far left and NT on the far right, the coins in the middle are the ones that the TPG must decide are market acceptable or not. The result is a toning scale that would look something like this.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels%20Raw/ToningScale.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>The closer you get to the middle of the scale, the tougher the TPG decision gets. So lets look at some larger photos of the scale.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels%20Raw/ToningScaleFirst.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>The coin at the far left is obviously the result of artificial toning and basically looks radioactive in hand. The second coin in which is described as questionable toning has what appears to be a proper color progression but if you saw the coin in hand you would immediately be struck with the feeling that something is wrong. When that feeling strikes, the TPG's should always err on the side of caution and body bag the coin. The third coin is where it gets tough. This coin resides in an NGC holder and is extremely attractive. However, I would never ever ever crack this coin out because I have serious doubts that it would ever get back into a slab. The TPG deemed the coin MA but could just have easily bagged it for questionable toning. Now the right hand side of the scale.</p><p><br /></p><p><br /></p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels%20Raw/ToningScaleLast.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Continuing with the first coin on the left, this coin resides in an NGC slab an shows very vibrant colorful toning but the pattern is recognized as album toning so it is currently considered MA. The next coin under widely accepted shows a similar pattern as it is also album toned but the colors are less dramatic and more commonly encountered. Finally the coin on the far right is an example of quintessential album toning with sandy peripheries and thin bands of rainbow target toning. When the TPG's see this toning, they will almost always consider it NT/MA.</p><p><br /></p><p>If you think of toning in terms of a scale like this and then evaluate where your coin falls on that scale, you will be much less surprised and upset about the TPG result. Looking at your Washington Quarter, where on the scale would you place it? IMO, it would fall in the Borderline QT/MA category. I could see it getting graded or bagged. I could even see a different result if submitted several times.</p><p><br /></p><p>I would like to point out that this is my own personal method of explaining the concept of market acceptability and is not a standard recognized by the TPG's. I use this as a teaching tool. If you have any questions, I will be more than happy to answer them to the best of my ability.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 1441733, member: 15309"]There is a fundamental difference. The storage of silver dollars in canvas bags in bank vaults was an acceptable means to store coins. Furthermore, the toning patterns created by such storage is well documented and expected. When the TPG's see a Morgan Dollar with toning that fits the mold for typical patterns and color schemes found on bag toned Morgans, they will be very likely to grade the coin. Likewise, placing coins in coin albums is an acceptable method of coin storage and those albums again produce predictable color schemes and toning patterns. Unfortunately, your parents attic is not an accepted method of coin storage and the TPG's have no way to predict the toning patterns caused by prolonged exposure to that attic. So while the resultant toning happened naturally, the color scheme is not similar to anything that is predictable from proper storage methods. Therefore the toning is deemed questionable yielding a problem coin. You have to remember that this is not a simple issue. The TPG's have to balance two competing factors. They can't simply grade every toned coin because the market demands originality and does not want AT coins included. Likewise, they can't not grade every toned coin because the market doesn't want naturally toned coins punished. A great many collectors love toned coins and want their toned coins graded. They just don't want to be duped and end up with an AT coin. But the line between AT & NT is so impossible to determine that their task is impossible. Their solution is actually genius in my eyes. They grade coins that they deem to be market acceptable. Now you are saying "what the heck does that mean". Well think of it like this. There are coins that almost every collector can identify as AT. There are also coins that almost every collector can identify as NT. If we put the AT on the far left and NT on the far right, the coins in the middle are the ones that the TPG must decide are market acceptable or not. The result is a toning scale that would look something like this. [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels%20Raw/ToningScale.jpg[/IMG] The closer you get to the middle of the scale, the tougher the TPG decision gets. So lets look at some larger photos of the scale. [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels%20Raw/ToningScaleFirst.jpg[/IMG] The coin at the far left is obviously the result of artificial toning and basically looks radioactive in hand. The second coin in which is described as questionable toning has what appears to be a proper color progression but if you saw the coin in hand you would immediately be struck with the feeling that something is wrong. When that feeling strikes, the TPG's should always err on the side of caution and body bag the coin. The third coin is where it gets tough. This coin resides in an NGC holder and is extremely attractive. However, I would never ever ever crack this coin out because I have serious doubts that it would ever get back into a slab. The TPG deemed the coin MA but could just have easily bagged it for questionable toning. Now the right hand side of the scale. [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels%20Raw/ToningScaleLast.jpg[/IMG] Continuing with the first coin on the left, this coin resides in an NGC slab an shows very vibrant colorful toning but the pattern is recognized as album toning so it is currently considered MA. The next coin under widely accepted shows a similar pattern as it is also album toned but the colors are less dramatic and more commonly encountered. Finally the coin on the far right is an example of quintessential album toning with sandy peripheries and thin bands of rainbow target toning. When the TPG's see this toning, they will almost always consider it NT/MA. If you think of toning in terms of a scale like this and then evaluate where your coin falls on that scale, you will be much less surprised and upset about the TPG result. Looking at your Washington Quarter, where on the scale would you place it? IMO, it would fall in the Borderline QT/MA category. I could see it getting graded or bagged. I could even see a different result if submitted several times. I would like to point out that this is my own personal method of explaining the concept of market acceptability and is not a standard recognized by the TPG's. I use this as a teaching tool. If you have any questions, I will be more than happy to answer them to the best of my ability.[/QUOTE]
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1954-S Toned Franklin Half – Guess its grade before submittal to PCGS
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