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<p>[QUOTE=&quot;Lehigh96, post: 406349, member: 15309&quot;]I don&#039;t necessarily use that grading system when purchasing toned coins, I go more by instinct based upon years of experience.&nbsp; However, I think the proposed grading system is consistent with the methodology that most rainbow toned collectors use to purchase coins.</p><p>&nbsp;</p><p>Unlike wear which has very defined grades and rules, grading toning is highly subjective and completely at the discretion of the buyer.&nbsp; As I stated in my previous posts, it is completely reasonable for two different toned coin collectors to assign a totally different toning grade for the same coin based on their own individual preferences.&nbsp; I think that this process would probably drive a person with a meticulous nature almost insane.&nbsp; The best comparison I can make in the collector world would be rare art.&nbsp; Not every impressionist collector is a huge fan of Monet, but they are still able to recognize the monster when they see it.</p><p><br /></p><p>As with all areas of life, there really is no substitute for experience.&nbsp; I would not advocate a novice collector of rainbow toned coins paying 10X bid for any coin.&nbsp; They would be better served by starting their collection in the 2X-5X range until they can better appreciate the subtleties of toned coins.&nbsp; However, this is a case of do what I say not what I do, because the first rainbow toned coin I purchased was based upon a horrible Heritage scan and I paid over 7X bid.&nbsp; Here is the coin.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Morgan%20Dollars/MorganDollar1886NGCMS65-1.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/MorganDollar1886NGCMS65ObverseScan.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>This is really the purpose of my post.&nbsp; Trust me that I am not trying to convert everyone into rainbow toned collectors as this will only make it more difficult for me to attain these coins (increased demand).&nbsp; Rather, I am trying to provide information to collectors for the reasons why rainbow toned collectors pay the premiums they do.&nbsp; I see many collectors chastise the purchasing habits of the rainbow toned collectors without a full understand (sometimes no understanding) of the rainbow toned coin market.&nbsp; For all intensive purposes, price guides don&#039;t exist for common date rainbow toned coins.&nbsp; Imagine collecting coins without a price guide.&nbsp; My contention is that most collectors can&#039;t imagine purchasing a coin without a source of information regarding the coin&#039;s value.&nbsp; This is the situation that every rainbow toned collector faces with every purchase, and there is a very real fear that you will pay 5X bid when everybody else would only pay 2X bid.&nbsp; Collecting rainbow toned coins takes courage and confidence, and a little bit of gamble doesn&#039;t hurt.&nbsp; I am a gambler by nature (poker player) so it only seems appropriate that I ended up in the gambling end of the numismatic pool.[/QUOTE]</p><p><br /></p>

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