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Grading: "Luster" on MS Toned Coins?
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<p>[QUOTE="Lehigh96, post: 433165, member: 15309"]This is a great question. Just like brilliant coins, toned coins can have varying degrees of luster. Sometimes the actual toning mutes the luster. Either way, the amount of luster will have a dramatic effect on the appearance of the color and the overall eye appeal of the coin. You will find some coins that have blasting luster in combination with incredible toning. These are the coins that tend to get Market Graded by the TPG's and are also prime candidates for the NGC star designation. Likewise, you can find very colorfully toned coins with muted luster. The colors are there, but they appear very flat and sometimes unattractive without the luster. Most coins will fall somewhere in the middle with moderate luster shining through underneath the toning.</p><p><br /></p><p>The best way to understand this is by looking at some examples visually. The Morgan Dollar series is a good place to start simply because it has an abundance of toned coins with all kinds of luster differences. Please note that some issues of Morgans come with frosty luster and others have prooflike or semi-prooflike surfaces. These two types of luster will have dramatically different appearances in hand that can't really be appreciated in photos, although I will try. Let us first look at some frosty Morgans starting with those with muted luster.</p><p><br /></p><p style="text-align: center"> <font size="4"><span style="color: Blue"><u>Muted Luster</u></span></font></p> <p style="text-align: center"><font size="4"><span style="color: Blue"><br /></span></font></p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1886NGCMS631865266-1-1.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1884-ONGCMS66449762--2.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Notice how the colors on the first coin lack the pop and flash that normally accompanies an emerald green Morgan. The second coin has better luster than the first but only because the toning is not as advanced. Even though this coin is graded an MS66, the colors appear a little flat due to muted luster. Compare these two coins with the next two that have better (moderate) luster.</p><p><br /></p><p style="text-align: center"> <u><font size="4"><span style="color: Blue">Moderate Luster</span></font></u></p> <p style="text-align: center"><u><font size="4"><span style="color: Blue"><br /></span></font></u></p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1887NGCMS641875422-0-2.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1886NGCMS65ObverseHo-3.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>There is no doubt that the increased luster definitely improves the appearance of the color on the coins. Notice how the colors are more vibrant and seem to glow although you can't really see the cartwheel effect in the photos. Now compare these two with the blazing examples below. </p><p><br /></p><p style="text-align: center"><font size="4"><span style="color: Blue"><u>Highly Lustrous</u></span></font></p> <p style="text-align: center"><font size="4"><span style="color: Blue"><br /></span></font></p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1881-SNGCMS66338136--4.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/Picture1152.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>The first coin is toned almost entirely in green and gold but you can actually see the cartwheel effect in the photo of this superb gem Morgan Dollar. The second coin has luster that just makes the colors appear incredible. This is one of the most vibrantly colored Morgans I have ever seen and the appearance is due in no small part to the lustrous surface of the reverse. Now let us look at two Morgans with semi-prooflike surfaces. </p><p><br /></p><p style="text-align: center"><font size="4"><span style="color: Blue"><u>Semi-Prooflike Luster</u></span></font></p> <p style="text-align: center"><font size="4"><span style="color: Blue"><br /></span></font></p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1881-SNGCMS65114369--2.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1880-SNGCMS66StarObv-4.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>This will be your quiz. I hope you can tell me which coin has better luster from the photos.</p><p><br /></p><p>When collecting toned coins, I would say that luster is equally as important as color. It is the combination of luster and toning that increase the eye appeal of the coin and drive the huge premiums that are seen often with respect to rainbow toned coins. Without the luster, the coin will appear flat and it will not deserve much of a premium. Having said that, it is extremely important that you search for photos that can give you an idea of the luster on the coin. Many of the sellers on E-Bay enhance their photos to give the illusion of luster and vibrancy of colors that does not actually exist. My advice is to seek out rainbow toned coins with excellent photos from reputable dealers with a generous return policy. And remember to bring a full wallet.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 433165, member: 15309"]This is a great question. Just like brilliant coins, toned coins can have varying degrees of luster. Sometimes the actual toning mutes the luster. Either way, the amount of luster will have a dramatic effect on the appearance of the color and the overall eye appeal of the coin. You will find some coins that have blasting luster in combination with incredible toning. These are the coins that tend to get Market Graded by the TPG's and are also prime candidates for the NGC star designation. Likewise, you can find very colorfully toned coins with muted luster. The colors are there, but they appear very flat and sometimes unattractive without the luster. Most coins will fall somewhere in the middle with moderate luster shining through underneath the toning. The best way to understand this is by looking at some examples visually. The Morgan Dollar series is a good place to start simply because it has an abundance of toned coins with all kinds of luster differences. Please note that some issues of Morgans come with frosty luster and others have prooflike or semi-prooflike surfaces. These two types of luster will have dramatically different appearances in hand that can't really be appreciated in photos, although I will try. Let us first look at some frosty Morgans starting with those with muted luster. [CENTER] [SIZE=4][COLOR=Blue][U]Muted Luster[/U] [/COLOR][/SIZE][/CENTER] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1886NGCMS631865266-1-1.jpg[/IMG] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1884-ONGCMS66449762--2.jpg[/IMG] Notice how the colors on the first coin lack the pop and flash that normally accompanies an emerald green Morgan. The second coin has better luster than the first but only because the toning is not as advanced. Even though this coin is graded an MS66, the colors appear a little flat due to muted luster. Compare these two coins with the next two that have better (moderate) luster. [CENTER] [U][SIZE=4][COLOR=Blue]Moderate Luster [/COLOR][/SIZE][/U][/CENTER] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1887NGCMS641875422-0-2.jpg[/IMG] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1886NGCMS65ObverseHo-3.jpg[/IMG] There is no doubt that the increased luster definitely improves the appearance of the color on the coins. Notice how the colors are more vibrant and seem to glow although you can't really see the cartwheel effect in the photos. Now compare these two with the blazing examples below. [CENTER][SIZE=4][COLOR=Blue][U]Highly Lustrous[/U] [/COLOR][/SIZE][/CENTER] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1881-SNGCMS66338136--4.jpg[/IMG] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/Picture1152.jpg[/IMG] The first coin is toned almost entirely in green and gold but you can actually see the cartwheel effect in the photo of this superb gem Morgan Dollar. The second coin has luster that just makes the colors appear incredible. This is one of the most vibrantly colored Morgans I have ever seen and the appearance is due in no small part to the lustrous surface of the reverse. Now let us look at two Morgans with semi-prooflike surfaces. [CENTER][SIZE=4][COLOR=Blue][U]Semi-Prooflike Luster[/U] [/COLOR][/SIZE][/CENTER] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1881-SNGCMS65114369--2.jpg[/IMG] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1880-SNGCMS66StarObv-4.jpg[/IMG] This will be your quiz. I hope you can tell me which coin has better luster from the photos. When collecting toned coins, I would say that luster is equally as important as color. It is the combination of luster and toning that increase the eye appeal of the coin and drive the huge premiums that are seen often with respect to rainbow toned coins. Without the luster, the coin will appear flat and it will not deserve much of a premium. Having said that, it is extremely important that you search for photos that can give you an idea of the luster on the coin. Many of the sellers on E-Bay enhance their photos to give the illusion of luster and vibrancy of colors that does not actually exist. My advice is to seek out rainbow toned coins with excellent photos from reputable dealers with a generous return policy. And remember to bring a full wallet.[/QUOTE]
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