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Pricey toned Morgan...
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<p>[QUOTE="Kryptonitecomic, post: 1015398, member: 26784"]Toned coins are certainly not for the faint of heart as price spikes and plunges certainly can occur but that phenomenon can occur in other areas of collecting especially those tied to bullion prices....I would agree caution needs to be taken but those not intimately familar with the trends. I will say that contrary to what I see posted a lot across all of the forums....toned coins are not a recent fad as they have been actively collected by knowledgable numismatists for at least 3 or 4 decades if not longer. Yes to some toning is damaged and in the case of the government, they did offer toned coins at a discounted level with the GSA morgans but a lot of dealers and collectors have made killings off those coins over the past decade or two.</p><p><br /></p><p>The last thing I want to say on this subject as I have not been offended in the least by any of the comments, opinions, statements posted in this thread....I simply hope that in time some of the opinions could be expressed in a more tactful way vs using terms like stupid, or crazy to describe what someone is willing to spend to procure coins they like to collect as I just think it opens up a can of worms when one could simply state that they would never pay that much for the coin themselves and move on....but hey that's just me. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Kryptonitecomic, post: 1015398, member: 26784"]Toned coins are certainly not for the faint of heart as price spikes and plunges certainly can occur but that phenomenon can occur in other areas of collecting especially those tied to bullion prices....I would agree caution needs to be taken but those not intimately familar with the trends. I will say that contrary to what I see posted a lot across all of the forums....toned coins are not a recent fad as they have been actively collected by knowledgable numismatists for at least 3 or 4 decades if not longer. Yes to some toning is damaged and in the case of the government, they did offer toned coins at a discounted level with the GSA morgans but a lot of dealers and collectors have made killings off those coins over the past decade or two. The last thing I want to say on this subject as I have not been offended in the least by any of the comments, opinions, statements posted in this thread....I simply hope that in time some of the opinions could be expressed in a more tactful way vs using terms like stupid, or crazy to describe what someone is willing to spend to procure coins they like to collect as I just think it opens up a can of worms when one could simply state that they would never pay that much for the coin themselves and move on....but hey that's just me. :)[/QUOTE]
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