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How do you determine the price of toned coins?
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<p>[QUOTE="Lehigh96, post: 1600431, member: 15309"]I wrote a thread about this subject shortly after joining this forum.</p><p><br /></p><p><a href="http://www.cointalk.com/t39837/" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t39837/">http://www.cointalk.com/t39837/</a></p><p><br /></p><p>I also started a thread to try and show some anecdotal examples.</p><p><br /></p><p><a href="http://www.cointalk.com/t135678/" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t135678/">http://www.cointalk.com/t135678/</a></p><p><br /></p><p>In my years of buying and selling toned coins, I have found the process of pricing rainbow toned coins to be multi-faceted. First, you must be able to properly evaluate the quality of the toning on the coin. A small crescent of rainbow toning may drive a small premium (1-2X guide) whereas an obverse toner (100%) with monster colors can drive a huge premium of (10X+ guide). Once you have evaluated the toning, it is extremely important to constantly follow auction results of toned coins in order to understand how big of a premium each type of toning will bring in the market. Keep in mind that when you talk about toning premiums, your goal is to define a price range, not a specific price. If you can begin to predict the range that a toned coin will achieve in an auction setting on a consistent basis, then you are ready to enter the toned coin market. It is also important to understand that the first step in this process, the evaluation process, is highly subjective and will change from person to person. Your goal is not to judge the coin based on your evaluation of the toning, rather, you are trying to predict how the numismatic community will view the toning. It is very possible to overestimate the quality of toning if you use your own perception. What might be a 10X premium toner to you may only be a 5-7X toner to everyone else.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 1600431, member: 15309"]I wrote a thread about this subject shortly after joining this forum. [URL="http://www.cointalk.com/t39837/"]http://www.cointalk.com/t39837/[/URL] I also started a thread to try and show some anecdotal examples. [URL="http://www.cointalk.com/t135678/"]http://www.cointalk.com/t135678/[/URL] In my years of buying and selling toned coins, I have found the process of pricing rainbow toned coins to be multi-faceted. First, you must be able to properly evaluate the quality of the toning on the coin. A small crescent of rainbow toning may drive a small premium (1-2X guide) whereas an obverse toner (100%) with monster colors can drive a huge premium of (10X+ guide). Once you have evaluated the toning, it is extremely important to constantly follow auction results of toned coins in order to understand how big of a premium each type of toning will bring in the market. Keep in mind that when you talk about toning premiums, your goal is to define a price range, not a specific price. If you can begin to predict the range that a toned coin will achieve in an auction setting on a consistent basis, then you are ready to enter the toned coin market. It is also important to understand that the first step in this process, the evaluation process, is highly subjective and will change from person to person. Your goal is not to judge the coin based on your evaluation of the toning, rather, you are trying to predict how the numismatic community will view the toning. It is very possible to overestimate the quality of toning if you use your own perception. What might be a 10X premium toner to you may only be a 5-7X toner to everyone else.[/QUOTE]
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