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<p>[QUOTE="Lehigh96, post: 749284, member: 15309"]Doug,</p><p><br /></p><p>This post sounds like a typical anti-toning rhetoric and wreaks of someone who just can't admit even the possibility that they might be wrong. The value of a coin is determined by what people are willing to pay for that coin. You can't simply claim that they are and always have been overpaying because you disagree with the value of the coin. The market sets the price, not you.</p><p><br /></p><p>You claim that the only reason that the coin increased in price was because it was auctioned on E-Bay. In April of this year, the coin was sold for $400 via a private sale. How do you explain that?</p><p><br /></p><p>Furthermore, I owned the coin. If you honestly think that the Heritage photos are the most accurate after hearing my testimony that the Heritage photos were substandard and not an accurate representation of the actual appearance of the coin, then I truly don't know how to respond. Of the slab photos, the last one by Polaris is the most accurate. This is a Heritage photo from 2007. I even made a post on this forum about how much the Heritage photos have improved in 2009. Currently Heritage will offer the oversized photos in addition to slab photos for featured coins and some toned coins. I don't know the specific qualifications for getting the oversized photos, but I will state that if the coin sold on Heritage with the oversized photos, the price realized would be close to that seen on E-Bay.</p><p><br /></p><p>While I don't consider the toning on this coin to be monster, it is certainly in the 4-5X wholesale range which is where the coin has sold with the exception of the Heritage Sale. Overall, I consider the performance of the toned coin market to mirror that of the entire coin market. Common material not in gem state with less than 3X wholesale toning is seeing a marked reduction in prices. However, the higher quality toned examples which drive the 5X+ premiums have not fallen off that much. I will be more than happy to provide other examples as I find them.</p><p><br /></p><p>Paul[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 749284, member: 15309"]Doug, This post sounds like a typical anti-toning rhetoric and wreaks of someone who just can't admit even the possibility that they might be wrong. The value of a coin is determined by what people are willing to pay for that coin. You can't simply claim that they are and always have been overpaying because you disagree with the value of the coin. The market sets the price, not you. You claim that the only reason that the coin increased in price was because it was auctioned on E-Bay. In April of this year, the coin was sold for $400 via a private sale. How do you explain that? Furthermore, I owned the coin. If you honestly think that the Heritage photos are the most accurate after hearing my testimony that the Heritage photos were substandard and not an accurate representation of the actual appearance of the coin, then I truly don't know how to respond. Of the slab photos, the last one by Polaris is the most accurate. This is a Heritage photo from 2007. I even made a post on this forum about how much the Heritage photos have improved in 2009. Currently Heritage will offer the oversized photos in addition to slab photos for featured coins and some toned coins. I don't know the specific qualifications for getting the oversized photos, but I will state that if the coin sold on Heritage with the oversized photos, the price realized would be close to that seen on E-Bay. While I don't consider the toning on this coin to be monster, it is certainly in the 4-5X wholesale range which is where the coin has sold with the exception of the Heritage Sale. Overall, I consider the performance of the toned coin market to mirror that of the entire coin market. Common material not in gem state with less than 3X wholesale toning is seeing a marked reduction in prices. However, the higher quality toned examples which drive the 5X+ premiums have not fallen off that much. I will be more than happy to provide other examples as I find them. Paul[/QUOTE]
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