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<p>[QUOTE=&quot;Lehigh96, post: 604360, member: 15309&quot;]I hear that a lot.&nbsp; The have many problems with the theory that toned coins are a fad.&nbsp; First, I have been collecting rainbow toned coins for 8 years and the prices have never crashed, instead they have either maintained or increased almost every year.&nbsp; Second, I strongly believe that coins with superior eye appeal will always be in demand.&nbsp; Last, the internet has made selling coins with eye appeal very easy in the virtual world.&nbsp; The advancement of technology including both the internet and digital photography will ensure that rainbow toned coins continue to drive premiums.&nbsp; Prior to the internet, most coins were sold in B&amp;M shops.&nbsp; Since the majority of collectors preferred untoned coins and the number of toned coin collectors per shop was relatively small, rainbow toned coins did not routinely drive the same premiums they do now with the widespread exposure provided by the internet.</p><p><br /></p><p>For example, let us compare the quality of an online photography from 2002 to today.&nbsp; To make it more interesting, I will show a photo from Heritage in 2002 which is the worlds largest coin auction company with basically unlimited resources.&nbsp; Compare their photo to my photo taken this year with a simple point and shoot digital camera and keep in mind that I have no formal training in photography.&nbsp; The difference in quality is astounding.&nbsp; Now I know that many members don&#039;t like this particular coin but that is not the point.&nbsp; The point is that this coin that is not encapsulated by one of the big two drove a $450 price tag in April of 2002.&nbsp; Imagine what price it would realize today with my photograph.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/Picture1265.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1886ANACSMSXX969389O-2.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><p>The last factor that I will point to is that I have never met a toned coin collector who all of a sudden thought &quot;wow, I really don&#039;t like toned coins anymore, I think I will go back to white coins.&quot;&nbsp; If anything, I find that most toned coin collectors are fanatical about toning which is what I believe drives the huge premiums these coins realize at auction.&nbsp; Rainbow toned coin collectors fall in love with a particular coin and it approaches the realm of priceless in their eyes.&nbsp; When two or more collectors feel the same way about one coin, watch out.&nbsp; This explains why monster toned coins like that Peace Dollar can realize 25X wholesale value.</p><p><br /></p><p>This does not mean that rainbow toned coins are immune from market fluctuations and that the market as a whole will not experience bull and bear periods, it certainly will.&nbsp; But some collectors envision rainbow toned coins falling back to very small premiums that never exceed 2X wholesale.&nbsp; That prediction is very naive IMO and not really based on any facts.[/QUOTE]</p><p><br /></p>

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