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<p>[QUOTE="medoraman, post: 1018153, member: 26302"]I agree, have seen many old folders with this exact toning. You put natural silver in those old holders and the obverses get toned like this. That is the problem though, isn't it? Put some silver coins in sulfur infused holders, (like almost all older type books), especially in a humid environment, wait 5-10 years, and they are toned this way. To me, this just makes paying high premiums JUST for the toning too risky, at least for me.</p><p><br /></p><p>To all of you who love toning, great. Doug and I just are simply pointing out this inherent danger. Everyone likes to think their market is now different, that "the game has changed", and it will never go back to the way it was. That may or may not be true, I have just lived in too many reversals, and read about many others, to trust that "this time it is different", that this time the high multiples will ALWAYS continue. That is just what Doug and I point out. If you like a coin, great, I am happy for you. I am simply worried if you are spending "investment" money on high multiples for these, just like I worry the same if you bought MS70's, colorized coins on HSN, or many other avenues of numismatics I am not sure are on solid ground financially. If you buy for your enjoyment, and not worried about a return, I could see many people paying high prices for toned coins, as they are pretty.</p><p><br /></p><p>If, as some say, I am part of the "problem" not listening to explanations of WHY toned coins will forever more be worth such premiums, then I am sorry. I simply disagree, and I do not think 5 to 10 years of history is proof that it will continue to be so. Many aspects of this hobby lasted longer than that, but didn't continue forever. I respect all of you toned enthusiasts here, Shane, Dimefreak, CPM, and especially Lehigh as I have enjoyed learning why you value the market how you do and reading your posts. Doug is direct, I usually try to be less so, but I think we are just the "old guard" warning of changing grades and premiums that CAN change in a heartbeat. In this forum its not just the contributors, also the readers who may be less experienced, and I think such warnings and things to think about are appropriate.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1018153, member: 26302"]I agree, have seen many old folders with this exact toning. You put natural silver in those old holders and the obverses get toned like this. That is the problem though, isn't it? Put some silver coins in sulfur infused holders, (like almost all older type books), especially in a humid environment, wait 5-10 years, and they are toned this way. To me, this just makes paying high premiums JUST for the toning too risky, at least for me. To all of you who love toning, great. Doug and I just are simply pointing out this inherent danger. Everyone likes to think their market is now different, that "the game has changed", and it will never go back to the way it was. That may or may not be true, I have just lived in too many reversals, and read about many others, to trust that "this time it is different", that this time the high multiples will ALWAYS continue. That is just what Doug and I point out. If you like a coin, great, I am happy for you. I am simply worried if you are spending "investment" money on high multiples for these, just like I worry the same if you bought MS70's, colorized coins on HSN, or many other avenues of numismatics I am not sure are on solid ground financially. If you buy for your enjoyment, and not worried about a return, I could see many people paying high prices for toned coins, as they are pretty. If, as some say, I am part of the "problem" not listening to explanations of WHY toned coins will forever more be worth such premiums, then I am sorry. I simply disagree, and I do not think 5 to 10 years of history is proof that it will continue to be so. Many aspects of this hobby lasted longer than that, but didn't continue forever. I respect all of you toned enthusiasts here, Shane, Dimefreak, CPM, and especially Lehigh as I have enjoyed learning why you value the market how you do and reading your posts. Doug is direct, I usually try to be less so, but I think we are just the "old guard" warning of changing grades and premiums that CAN change in a heartbeat. In this forum its not just the contributors, also the readers who may be less experienced, and I think such warnings and things to think about are appropriate.[/QUOTE]
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