The Myth of toned coins.....

Discussion in 'US Coins Forum' started by About Good, Aug 14, 2010.

Page 7 of 7
  1. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Since I feel that I know you pretty well, when you make the trip south, be sure to bring that textile toner that you got in Lakeland with you so I can add it to my collection. Then, it's your turn to buy lunch.

    Chris
     
    cpm9ball, Aug 17, 2010
    #121 + Quote Reply
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  3. GDJMSP

    GDJMSP Numismatist Moderator

    Another thing about original rolls. How many of you can remember back in the '60s when collectors used to experiment with different ways to keep their coins in rolls from toning ? I sure can. One of the ways was to take the coins out of the roll, wrap them in aluminum foil and then reinsert that into the paper roll. And ya know what - it worked.

    But there was also a problem, with copper anyway. If any moistrue ever got to those rolls the aluminum touching the copper set up a chemical process and the coins got corroded. And it didn't take much moisture, humidity alone was often enough. So that idea was soon discarded too.

    Point is guys - collectors back in the '50s & '60s had the same problems we have today. They wanted to keep their coins from toning. That's why they experimented. Coins stored in paper rolls almost always toned. And they didn't tone in ways that people liked.

    If a collector had a roll of coins that did not tone he was considered to be very, very lucky. And he was considered lucky because there were very few times when that happened.
     
    GDJMSP, Aug 17, 2010
    #122 + Quote Reply
  4. Kryptonitecomic

    Kryptonitecomic New Member


    Sorry Chris....I didn't pick up a textile toner in lakeland so I can't bring it with me....but I can buy you lunch[​IMG]

    I bought that textile toner off Ebay........
     
    Kryptonitecomic, Aug 17, 2010
    #123 + Quote Reply
  5. stealer

    stealer Roller of Coins

    I don't see why this concept is so hard to grasp for you. Sorry if it sounded rude, but it's true.

    Doug clearly stated that regulation sized coin wrappers were introduced in the 50's or 60's while before then they were shipped out in bags. Therefore, there ARE original rolls of coins, just check the US Mint website.
     
    stealer, Aug 17, 2010
    #124 + Quote Reply
  6. GDJMSP

    GDJMSP Numismatist Moderator

    No, you misunderstood me.

    Yes, silver dollars always left the mint in canvas bags of 1000 coins each.

    But I didn't say that paper coin rolls were not introduced until the '50's & '60s. Paper coin rolls were introduced in the early 1900's. I don't know that anybody knows the exact date or year.

    What I said about the '60s is that it was entirely possible, even likely, that many Morgan dollars were never placed in a paper coin roll until the 1960's.
     
    GDJMSP, Aug 17, 2010
    #125 + Quote Reply
  7. BR549

    BR549 Junior Member

    I have seen "short stack" $10 rolls from a bank in Denver that had to have been done in the 20's as the bank failed in 1929. These were 1921-D Morgans, I would assume straight from a $1,000 Mint bag. Did the Federal Reserve roll Morgans back then, that I do not know.
     
    BR549, Aug 17, 2010
    #126 + Quote Reply
  8. GDJMSP

    GDJMSP Numismatist Moderator

    The Fed still doesn't roll coins. Coins are only rolled by private entities. Even those sold by the US Mint are rolled by a private entity.
     
    GDJMSP, Aug 17, 2010
    #127 + Quote Reply
  9. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    This sounds like the perfect scam for someone. Have some paper rolls produced in the 60's for a bank that failed in 1929.

    Chris
     
    cpm9ball, Aug 17, 2010
    #128 + Quote Reply
  10. cpm9ball

    cpm9ball CANNOT RE-MEMBER


    Well, bring it anyway!

    Chris
     
    cpm9ball, Aug 17, 2010
    #129 + Quote Reply
  11. ikandiggit

    ikandiggit Currency Error Collector

    One of ebay's "unsearched bank wrapped rolls" sellers buy's vintage paper rolls and uses his "shotgun" roller to produce the unsearched rolls he sells. Someone a few months ago posted his buy page from ebay that showed his paper roll purchases.
     
    ikandiggit, Aug 17, 2010
    #130 + Quote Reply
  12. Dancing Fire

    Dancing Fire Junior Member

    if there were high grade coins in these rolls then they gotta be original.
     
    Dancing Fire, Aug 17, 2010
    #131 + Quote Reply
  13. RhinoEmpire

    RhinoEmpire Hi-Yo (Ag)

    Thought I'd pass on artifical toning tip-off's (http://rg.ancients.info/guide/toning.html)

    Circular toning spots resulting from the beading of the toning liquid that was used.
    Colors that blend together out of sequence. With naturally toned coins, the progression is yellow then magenta (pinkish red) then cyan (blue-green).
    Toning that appears only on the tops of the lettering and devices and not in the coin's recesses.
    Wild "circus" colors -- on 90 percent silver coins, for instance, army green, bright pumpkin orange, and robin-egg blue.
     
    RhinoEmpire, Aug 17, 2010
    #132 + Quote Reply
  14. desertgem

    desertgem Senior Errer Collecktor Supporter

    I have temporary possession of 100 "original" rolls of 1968-S Lincoln cents. My friend had picked up the bag at the bank in 1968 and took them home to put in the safe. He left them there and went to work and when he came home later, his wonderful late wife had rolled every single one. I picked them up from him last weekend, thinking they were original 1969-S cents, which has better varieties, but they were the wrong batch. I will take some photos and open up a roll and show what they look like. I was going to keep a few rolls anyway in exchange for some supplies he needs. Now if you don't know me or him, you might be suspect, but to me they are original wife wrapped rolls!

    Jim
     
    desertgem, Aug 17, 2010
    #133 + Quote Reply
  15. GDJMSP

    GDJMSP Numismatist Moderator

    Why ? You can get MS66 coins in change at the grocery store. I used to get MS Morgans and circulated Morgans in the same roll. What I'm trying to tell you is that the roll has nothing to do with the quality of the coins. And the quality of the coins has nothing to do with the roll being original or not.

    You've got to understand something here. Morgan dollars are as common as dirt and they always have been. Prior to the '60s most people didn't even think twice about them - they were just another coin to spend. Even collectors were that way with them. They would look at the date and mint and unless the coin was a scarcity they wouldn't even bother to save it - even if it was MS. Of course MS didn't really exist back then, at least not to most people. A coin was either unc or it wasn't. It wasn't until 1977 that MS grades even existed. And even then there only 3 of them - MS60, MS65 and MS70. That's it.

    Still today you can go to various dealers and buy $1000 bags of Moragns. And in that bag you can sometimes find high grade coins. Does that mean the bag is original ? No, it doesn't. And you know it isn't because you can also find circulated coins in the same bag.
     
    GDJMSP, Aug 18, 2010
    #134 + Quote Reply
  16. cerdsalicious

    cerdsalicious BigShot

    I like buying original $1000 Morgan bags, but they're coin quality varies and I tend to find that rolls have higher graded coins usually ms63-65.
    Alot of the original bags today are in the ms60-63 range.
    However for toners the bags are beyond amazing textile toning is ridicolous.
     
    cerdsalicious, Aug 19, 2010
    #135 + Quote Reply
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