Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
The Rainbow Toned Coin Market--Journey of an 1881-S Morgan Dollar
>
Reply to Thread
Message:
<p>[QUOTE="GDJMSP, post: 750692, member: 112"]Paul it seems that you interpret my words incorrectly. I have never said that I think that I think the toned coin market is a fad. Far from it. Even before toned coins became popular I was one of the few advocating buying them. Years ago I was in the blast white camp and did not appreciate coins with color and original skin. But then through the viewing of some coins of a friend I began to see the wisdom of buying coins with color. I began to see their beauty and I underwent a major change in my preferences. And this was all before toned coins became popular. </p><p><br /></p><p>It was only after the popularity really took off and prices skyrocketed that I began to comment that I thought people were paying too much, that they would never be able to get their money back with a future sale. I still believe that is exactly what will happen. But that doesn't mean I think the popularity of toned coins is a fad. Quite the contrary, I think the popularity of toned coins was a major shift in the thinking of collectors. They began to realize that toned coins were original and had not been messed with. That this made them more desirable to have as part of one's collection. I think that aspect of it is here to stay. Even though there will always be those who prefer blast white, I do not ever expect blast white to return to its previous level of popularity. Originality is here for the duration in my opinion.</p><p><br /></p><p>But I do think that prices for the beautifully toned examples overshot their limit. And they will continue to drop as they have been for some time now until they stabalize. I think the days of paying 10x book (or more) are gone forever. I think this recent drop in the coin market as a whole, not just on toned coins, has brought people to their senses. They have finally seen that the greater fool theory does not go on forever. (I do not use that term in a derogatory manner, but I don't know any other term to use that describes what it does.) The very same thing happened with blast white, prices were outrageous, until suddenly one day they weren't anymore.</p><p><br /></p><p>And yes Paul, I do agree that there are examples of toned coins where the color is readily seen from many angles. But those coins are the exception and not the rule. The rule is that most toned coins appear quite dark unless viewed from the proper angle. That point is so obvious that I do not even see it as being debatable.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 750692, member: 112"]Paul it seems that you interpret my words incorrectly. I have never said that I think that I think the toned coin market is a fad. Far from it. Even before toned coins became popular I was one of the few advocating buying them. Years ago I was in the blast white camp and did not appreciate coins with color and original skin. But then through the viewing of some coins of a friend I began to see the wisdom of buying coins with color. I began to see their beauty and I underwent a major change in my preferences. And this was all before toned coins became popular. It was only after the popularity really took off and prices skyrocketed that I began to comment that I thought people were paying too much, that they would never be able to get their money back with a future sale. I still believe that is exactly what will happen. But that doesn't mean I think the popularity of toned coins is a fad. Quite the contrary, I think the popularity of toned coins was a major shift in the thinking of collectors. They began to realize that toned coins were original and had not been messed with. That this made them more desirable to have as part of one's collection. I think that aspect of it is here to stay. Even though there will always be those who prefer blast white, I do not ever expect blast white to return to its previous level of popularity. Originality is here for the duration in my opinion. But I do think that prices for the beautifully toned examples overshot their limit. And they will continue to drop as they have been for some time now until they stabalize. I think the days of paying 10x book (or more) are gone forever. I think this recent drop in the coin market as a whole, not just on toned coins, has brought people to their senses. They have finally seen that the greater fool theory does not go on forever. (I do not use that term in a derogatory manner, but I don't know any other term to use that describes what it does.) The very same thing happened with blast white, prices were outrageous, until suddenly one day they weren't anymore. And yes Paul, I do agree that there are examples of toned coins where the color is readily seen from many angles. But those coins are the exception and not the rule. The rule is that most toned coins appear quite dark unless viewed from the proper angle. That point is so obvious that I do not even see it as being debatable.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
The Rainbow Toned Coin Market--Journey of an 1881-S Morgan Dollar
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...