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<p>[QUOTE=&quot;Lehigh96, post: 1018218, member: 15309&quot;]Bully,</p><p><br /></p><p>I don&#039;t think the number of toned coins is increasing like you are inferring.&nbsp; Take a look at the serial number of the NGC Morgan in this thread.</p><p><br /></p><p><a href="http://coins.ha.com/common/view_item.php?Sale_No=1145&amp;hdnJumpToLot=1&amp;Lot_No=4219&amp;x=0&amp;y=0" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/view_item.php?Sale_No=1145&amp;hdnJumpToLot=1&amp;Lot_No=4219&amp;x=0&amp;y=0" rel="nofollow">1881-S Sonnier-Cowle Morgan Dollar NGC MS66* CAC</a></p><p><br /></p><p>This coin has been slabbed for years and has been in the collections of the two pedigreed owners.&nbsp; The coins referenced in this thread represent the upper echelon of rainbow toned Morgan Dollars.&nbsp; Coins of this quality of toning are exceedingly rare and are well deserved of the premiums they drive.&nbsp; To my knowledge, no coin doctor has been able to consistently reproduce coins will this type of toning.&nbsp; However, if they ever do, I agree that it could cause the collapse of the toned coin market.</p><p><br /></p><p>Bake in a bit of bad economic times huh?&nbsp; We are in the midst of the worst recession since the great depression in the 1930&#039;s and the rainbow toned market is doing just fine IMO.&nbsp; The more common material saw the biggest losses, mid grade toners like most of the Battle Creeks and Great Falls coins have lost some value, and monster material like the coins found in this thread are subject to higher volatility than in the past but have performed the best IMO.</p><p><br /></p><p>At this point I would like to play a little devil&#039;s advocate.&nbsp; Suppose that in the next few months a coin doctor unlocks the secret to creating AT coins that look exactly like NT coins.&nbsp; What would the response be by the TPG&#039;s and the collecting public?&nbsp; The TPG&#039;s would be forced to deem all rainbow toning not market acceptable.&nbsp; As a result, submitters would dip every coin before grading.&nbsp; The result would be that no more toned coins would be introduced to the market.&nbsp; Now what would that do to the coins that were graded prior to the event?&nbsp; Those coins would be still be considered NT since they were already graded.&nbsp; It is possible those coins could actually increase in price since the supply would be fixed.&nbsp; Now I am not trying to predict the future, but this is an alternative theory to the one that assumes that coin doctors will eventually destroy the toned coin market.</p><p><br /></p><p>What say you![/QUOTE]</p><p><br /></p>

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