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Guess the grade--1924 NGC St. Gaudens Double Eagle
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<p>[QUOTE="Lehigh96, post: 475847, member: 15309"]I don't have any idea what causes toning like this on gold. I have seen it a few times before and it is always the same look: pink, orange, and lime green in swirling bands. Coins are generally artificially toned for two reasons. Reason number one is to hide defects such as marks or cleaning. I think we can rule that out since the toning is not ever deep enough on a gold coin to accomplish that. The other reason is to create toning that is attractive enough in order to charge a significant premium. However, the coin doctor needs to be able to have predictable results and a market for the toning. In addition, the doctor needs to be relatively sure that whatever he does to the coin won't hurt its value. I don't know how much of a market there is for rainbow toned gold or why a coin doctor would risk decreasing the value of an already expensive coin. It just seems like too much risk for too little reward. </p><p><br /></p><p>Anyway, here is the grade. I bought the coin for the toning and the seller's photo was not good enough to judge the assigned grade. Upon receipt, I was immediately elated and disappointed at the same time. The toning was much more impressive than I thought, but I immediately noticed the rub on the leg and realized that this AU coin had been market graded by NGC to an MS63*. I really don't like when they do that. The fact that the price difference between an MS63 and AU 1924 Saint is only about $150 is irrelevant. This coin belongs in an AU holder, period.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Gold%20Coins/StGaudensDoubleEagle1924NGCMS63Star.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>:smile<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie4" alt=":mad:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 475847, member: 15309"]I don't have any idea what causes toning like this on gold. I have seen it a few times before and it is always the same look: pink, orange, and lime green in swirling bands. Coins are generally artificially toned for two reasons. Reason number one is to hide defects such as marks or cleaning. I think we can rule that out since the toning is not ever deep enough on a gold coin to accomplish that. The other reason is to create toning that is attractive enough in order to charge a significant premium. However, the coin doctor needs to be able to have predictable results and a market for the toning. In addition, the doctor needs to be relatively sure that whatever he does to the coin won't hurt its value. I don't know how much of a market there is for rainbow toned gold or why a coin doctor would risk decreasing the value of an already expensive coin. It just seems like too much risk for too little reward. Anyway, here is the grade. I bought the coin for the toning and the seller's photo was not good enough to judge the assigned grade. Upon receipt, I was immediately elated and disappointed at the same time. The toning was much more impressive than I thought, but I immediately noticed the rub on the leg and realized that this AU coin had been market graded by NGC to an MS63*. I really don't like when they do that. The fact that the price difference between an MS63 and AU 1924 Saint is only about $150 is irrelevant. This coin belongs in an AU holder, period. [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Gold%20Coins/StGaudensDoubleEagle1924NGCMS63Star.jpg[/IMG] :smile:mad:[/QUOTE]
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Guess the grade--1924 NGC St. Gaudens Double Eagle
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