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<p>[QUOTE=&quot;physics-fan3.14, post: 4666479, member: 19165&quot;]This piece has a strong resemblance to medals you might see where a substance has been applied to give it a high contrast effect. This is known as &quot;antiqued.&quot; On your coin, I don&#039;t think its toning- I think its something which has been applied. It is trying to emulate the &quot;circ cam&quot; look that you might have seen Lord M and others of us lauding, but this nickel does not appear to have acquired that honestly. </p><p><br /></p><p>However, to answer your question - toning *does not* affect the grade on circulated coins. Toning affects the eye appeal, and toning will thus affect the value (up for positive eye appeal, down for negative), but will not affect the grade. The only thing that affects the grade of a circulated coin is the level of wear. As insider mentioned, this coin has an EF level of wear.[/QUOTE]</p><p><br /></p>

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