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<p>[QUOTE="Lehigh96, post: 784997, member: 15309"]In late November 2009, I posted a thread that discussed the state of the rainbow toned coin market based upon the journey of a single common date toned Morgan Dollar that sold 4 separate times in two years. While the discussion was interesting, the state of the toned coin market was left mired in doubt. Doubt about one coin defining the market. Doubt about the coin being sold on E-Bay instead of a sight seen auction like a Heritage signature sale. Doubt about whether paying premiums for toning is a fad or a fact of life.</p><p><br /></p><p><a href="http://www.cointalk.com/t80897/" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t80897/">http://www.cointalk.com/t80897/</a></p><p><br /></p><p>In the recent 2010 FUN signature sale, an incredible (yet small) collection of rainbow toned classic commemoratives was sold. The collection consisted of a dozen certified toned coins. Ten of these coins sold and two remain as post auction buys. I would like to chronicle each of the coins that sold adding my comments regarding each coin.</p><p><br /></p><p><a href="http://coins.ha.com/common/search_results.php?N=51+790+231+4294950609" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/search_results.php?N=51+790+231+4294950609" rel="nofollow">http://coins.ha.com/common/search_results.php?N=51+790+231+4294950609</a></p><p><br /></p><p><font size="5"><span style="color: Blue"><br /></span></font></p><p><font size="5"><span style="color: Blue"><font size="4"><b>1937 50C Antietam MS66 PCGS </b>Sold for: <b>$1,150.00</b></font></span></font><font size="4"><span style="color: Blue"> (includes BP </span></font><font size="5"><span style="color: Blue"><font size="4">) </font></span></font></p><p><b><br /></b></p><p><b><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/AntietamCommemorativePCGSMS66.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></b></p><p><b></b><b>Description</b> <b>1937 50C Antietam MS66 PCGS.</b> Plum, claret, silver-tan, and pale pearl-gray shadings converge on this breathtaking Premium Gem. Delightful luster and a solid strike complete the eye appeal.</p><p><font size="4"><span style="color: Red">Toning Premium: 1.2X Wholesale</span></font></p><p><span style="color: Blue">Comments: One of three toned Antietam's in the collection with a remarkable toning pattern that surrounds and seems to frame the conjoined busts of the civil war generals. Only the fact that I own an equally impressive toned Antietam kept me from bidding.</span></p><p><br /></p><p><br /></p><p><br /></p><p><font size="4"><span style="color: Blue"><b><b>1937 Antietam Half, MS67 * </b></b>Sold for: <b>$4,025.00</b> (includes BP ) </span></font> </p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/AntietamCommemorativeNGCMS67.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><b>Descripti</b><b>on1937 50C Antietam MS67 * NGC.</b> Medium intensity multicolored toning concentrates at the margins of this lovely commemorative framing the nearly color free central areas. A decisive strike imparts strong definition to the design elements. A few minuscule marks subtract nothing from the coin's incredible eye appeal. Comes with vintage mailing envelope, sent to a bank in Michigan, which contains an official cardboard holder for five Antietam halves. Census: 7 in 67 *, 6 finer (12/09).</p><p><font size="4"><span style="color: Red">Toning Premium: 3.5X Wholesale</span></font></p><p><span style="color: Blue">Comments: I can only recall one other Antietam with more impressive toning than this coin. The Antietam is commonly found with beautiful toning. To be considered at the top of the toning class for this commemorative issue is an honor, even if only bestowed by me.</span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"><font size="4"><br /></font></span></p><p><span style="color: Blue"><font size="4"></font></span><font size="4"><span style="color: Blue"><b>1936 50C Cleveland MS66 * NGC </b>Sold for: <b>$2,990.00</b> (includes BP)</span></font></p><p><font size="4"><span style="color: Blue"><font size="2"><span style="color: Black"><br /></span></font></span></font></p><p><font size="4"><span style="color: Blue"><font size="2"><span style="color: Black"><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1936ClevelandNGCMS66.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></span></font></span></font></p><p><font size="4"><span style="color: Blue"><font size="2"><span style="color: Black"><br /></span></font></span></font></p><p><font size="4"><span style="color: Blue"><font size="2"><span style="color: Black"></span></font></span></font><b>Description</b> <b>1936 50C Cleveland MS66 * NGC.</b> Sumptuous claret and canary-gold peripheral hues give way to ice-blue and silver-pink shadings close to the centers. A fantastic Premium Gem for the toning fanatic.</p><p><font size="4"><span style="color: Red">Toning Premium: 9.3X Wholesale</span></font></p><p><span style="color: Blue">Comments: Personally I find the design of the Cleveland commemorative to be rather sub par. However, to make this design this attractive with toning is a major feat. A huge premium was paid for this coin and one which I would not endorse as my bid was only $1,000.</span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"><font size="4"><b>1936 50C Delaware MS65 PCGS </b>Sold for: <b>$2,127.50</b> (includes BP ) </font></span> </p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1936DelawarePCGSMS65.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"></span><b>Description</b> <b>1936 50C Delaware MS65 PCGS.</b> Both sides of this lustrous Gem offer impressive toning. Light gray-gold centers give way to sky-blue and lemon-yellow margins on the obverse, while the reverse shows richer orange, lime, blue-violet, and rose shadings.<span style="color: Blue"></span></p><p><span style="color: Blue"><font size="4"><span style="color: Red">Toning Premium: 6.4X Wholesale</span></font></span></p><p><span style="color: Blue">Comments: While I didn't bid on this coin, one needs to recognize that the Delaware is a very difficult commemorative to find with appreciable attractive rainbow toning. The toning on this coin does not fall in the monster category but just try to find a finer patinated Delaware.</span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"><font size="4"><br /></font></span></p><p><span style="color: Blue"><font size="4"><b>1922 50C Grant No Star MS64 <img src="http://coins.ha.com/common/images/star.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> NGC </b>Sold for: <b>$2,300.00</b> (includes BP ) </font></span> </p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1922GrantNGCMS64.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"></span><b>Description</b> <b>1922 50C Grant No Star MS64 * NGC.</b> Blue-green, plum, and gold peripheral shadings frame ethereal silver-gray centers. A gorgeous near-Gem with wonderful luster.</p><p><font size="4"><span style="color: Red">Toning Premium: 10.7X Wholesale</span></font></p><p><span style="color: Blue">Comments: Besides the fact that the label is comical (No Star MS64 *), the coin is incredible. This coin defines how grade can be unimportant when dealing with toned coins. Without the toning, it is a run of the mill MS64. Donning the patina allows the coin to mingle with upper class MS67's.</span></p><p><span style="color: Blue"> </span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"><font size="4"><b>1924 50C Huguenot MS66 <img src="http://coins.ha.com/common/images/star.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> NGC </b>Sold for: <b>$6,325.00</b> (includes BP ) </font></span></p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1924HuguenotNGCMS66.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><b>Description</b> <b>1924 50C Huguenot MS66 <img src="http://coins.ha.com/common/images/star.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> NGC.</b> Rose, violet, green-gold, and pale ice-blue shadings embrace the obverse of this exquisite Premium Gem, while the reverse adds deeper plum, cerulean, and lime elements. Impressively lustrous with just a few shallow marks hidden in the reverse devices.</p><p><font size="4"><span style="color: Red">Toning Premium: 9.2X Wholesale</span></font></p><p><span style="color: Blue">Comments: I could list a long string of superlatives to describe this coin but I don't need to. Simply look at the photo. I feel the need to caution the readers of this thread. While I find it acceptable to take risks bidding on toned coins via photos, I highly recommend that you do not follow my lead. Bidding 5-10X wholesale on a $100+ coin is risky business and something that should been done sight seen.</span></p><p><span style="color: Blue"> </span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"><font size="4"><b>1920 50C Maine MS66 <img src="http://coins.ha.com/common/images/star.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> NGC.</b> Sold for: <b>$4,312.50</b> (includes BP <img src="http://coins.ha.com/c/s/i/ui/bid-box/btn-explain.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />) </font></span> </p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1920MaineNGCMS66.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></span></p><p><span style="color: Blue"><br /></span></p><p><span style="color: Blue"></span><b>Description: </b><b>1920 50C Maine MS66 <img src="http://coins.ha.com/common/images/star.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> NGC.</b> Stunningly toned with beautiful luster filtering through the rings of gold, sea-green, cerulean, and magenta-violet gracing each side. A well struck with such triumphant eye appeal that the planchet flaw just above the knot of the wreath seems trivial. NGC has graded 23 numerically finer examples (11/09).</p><p><font size="4"><span style="color: Red">Toning Premium: 7.2X Wholesale</span></font></p><p><span style="color: Blue">Comments: The total population of this coin in MS66 is 594/40. To find one as attractive as this example probably reduces the population to this 2/0. It is the finest toned Maine commem I have ever seen.</span></p><p><br /></p><p><br /></p><p><br /></p><p><font size="4"><span style="color: Blue"><b>1937 50C Roanoke MS68 <img src="http://coins.ha.com/common/images/star.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> NGC </b>Sold for: <b>$10,925.00</b> (includes BP ) </span></font> </p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1937RoanokeNGCMS68.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><b>Description</b>: <b>1937 50C Roanoke MS68 <img src="http://coins.ha.com/common/images/star.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> NGC.</b> An exquisite Superb Gem, housed reverse-up to better display the peach, blue, and gold-green tab toning on that side. The beautifully lustrous obverse shares similar hues. Strongly struck and essentially unmarked, tied for numerically finest known to NGC or PCGS (11/09).</p><p><font size="4"><span style="color: Red">Toning Premium: 3.1X Wholesale</span></font></p><p><span style="color: Blue">Comments: I feel almost embarrassed that I bid $5K on this coin, but remember I did not see the coin in hand. With a few days left in the auction, my bid appeared to very competitive indeed. I am very grateful that I did not watch the floor bidding for this coin to watch my bid get absolutely obliterated.</span></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><font size="4"><span style="color: Blue"><b>1926 50C Sesquicentennial MS64 PCGS </b>Sold for: <b>$2,990.00</b> (includes BP )</span></font> </p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1924SesquiPCGSMS64.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><b>Description</b> <b>1926 50C Sesquicentennial MS64 PCGS.</b> Green-gold, blue, and silver-gray elements drape each side of this near-Gem, while the obverse adds peripheral magenta. Only a few light ticks and the usual striking softness preclude a finer designation.</p><p><font size="4"><span style="color: Red">Toning Premium: 10.7X Wholesale</span></font></p><p><span style="color: Blue">Comments: The Sesqui is very commonly found with deep original toning. The problem is that the toning is usually very dark and quite ugly. The fact that this coin drove the highest premium in this group of coins shoud tell you something about the rarity of the attractiveness of the toning on this coin.</span></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><font size="4"><span style="color: Blue"><b>1925 50C Stone Mountain MS67 <img src="http://coins.ha.com/common/images/star.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> NGC </b>Sold for: <b>$13,800.00</b> (includes BP ) </span></font> </p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1925StoneMountainNGCMS67.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><b>Description</b> <b>1925 50C Stone Mountain MS67 <img src="http://coins.ha.com/common/images/star.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> NGC.</b> It is difficult to imagine a more beautiful Stone Mountain half than this stunningly toned Superb Gem. Plum, blue, lime, squash-gold, and magenta-rose hues dominate the lustrous surfaces. Carefully preserved beneath the patina and ell-defined. NGC has graded only 10 numerically finer examples (11/09).</p><p><font size="4"><span style="color: Red">Toning Premium: 12X Wholesale</span></font></p><p><span style="color: Blue">Comments: The Stone Mountain in MS67 has a Numismedia Wholesale value of $1,150. Witnessing a coin with a wholesale value over $1K sell for over 10X wholesale is like seeing a double eagle in golf. I only wish I was at the FUN show to be able to see this coin in person. </span></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><span style="color: Black">I know this was a long thread, but the quality of these coins is astounding. It would have been nice to win just one of these coins. It should also mean something that not only did I get outbid on all three coins I bid on, my bids were outbid in multiples. The only thing more incredible was the overall toning premium realized by the collection.</span></p><p><span style="color: Black"><font size="4"><span style="color: Blue"><br /></span></font></span></p><p><span style="color: Black"><font size="4"><span style="color: Blue">Total Numismedia Wholesale Value: $9,155</span></font></span></p><p><span style="color: Black"><font size="4"><span style="color: Blue">Total Price Realized (including BP): $50,945</span></font></span></p><p><span style="color: Black"><font size="4"><span style="color: Red">Total Toning Premium: 5.6X Wholesale</span></font></span></p><p><span style="color: Black"><font size="4"><span style="color: Red"><br /></span></font></span></p><p><span style="color: Black"><font size="4"><span style="color: Red"><span style="color: Black"><font size="2">The performance of this collection indicates to me that the state of the toned coin market is doing just fine. Prices for more common material may be lagging like every other area of numismatics, but the high end toned material with exceptional eye appeal remains very strong indeed.</font></span></span></font></span></p><p><span style="color: Black"><font size="4"><span style="color: Red"><span style="color: Black"><font size="2"><br /></font></span></span></font></span></p><p><span style="color: Black"><font size="4"><span style="color: Red"><span style="color: Black"><font size="2">I would love to hear any thoughts or opinions on the subject.</font></span></span></font></span></p><p><span style="color: Black"><font size="4"><span style="color: Red"><span style="color: Black"><font size="2"></font></span></span></font></span>[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 784997, member: 15309"]In late November 2009, I posted a thread that discussed the state of the rainbow toned coin market based upon the journey of a single common date toned Morgan Dollar that sold 4 separate times in two years. While the discussion was interesting, the state of the toned coin market was left mired in doubt. Doubt about one coin defining the market. Doubt about the coin being sold on E-Bay instead of a sight seen auction like a Heritage signature sale. Doubt about whether paying premiums for toning is a fad or a fact of life. [URL]http://www.cointalk.com/t80897/[/URL] In the recent 2010 FUN signature sale, an incredible (yet small) collection of rainbow toned classic commemoratives was sold. The collection consisted of a dozen certified toned coins. Ten of these coins sold and two remain as post auction buys. I would like to chronicle each of the coins that sold adding my comments regarding each coin. [URL]http://coins.ha.com/common/search_results.php?N=51+790+231+4294950609[/URL] [SIZE=5][COLOR=Blue] [SIZE=4][B]1937 50C Antietam MS66 PCGS [/B]Sold for: [B]$1,150.00[/B][/SIZE][/COLOR][/SIZE][SIZE=4][COLOR=Blue] (includes BP [/COLOR][/SIZE][SIZE=5][COLOR=Blue][SIZE=4]) [/SIZE][/COLOR][/SIZE] [B] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/AntietamCommemorativePCGSMS66.jpg[/IMG] [/B][B]Description[/B] [B]1937 50C Antietam MS66 PCGS.[/B] Plum, claret, silver-tan, and pale pearl-gray shadings converge on this breathtaking Premium Gem. Delightful luster and a solid strike complete the eye appeal. [SIZE=4][COLOR=Red]Toning Premium: 1.2X Wholesale[/COLOR][/SIZE] [COLOR=Blue]Comments: One of three toned Antietam's in the collection with a remarkable toning pattern that surrounds and seems to frame the conjoined busts of the civil war generals. Only the fact that I own an equally impressive toned Antietam kept me from bidding.[/COLOR] [SIZE=4][COLOR=Blue][B][B]1937 Antietam Half, MS67 * [/B][/B]Sold for: [B]$4,025.00[/B] (includes BP ) [/COLOR][/SIZE] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/AntietamCommemorativeNGCMS67.jpg[/IMG] [B]Descripti[/B][B]on1937 50C Antietam MS67 * NGC.[/B] Medium intensity multicolored toning concentrates at the margins of this lovely commemorative framing the nearly color free central areas. A decisive strike imparts strong definition to the design elements. A few minuscule marks subtract nothing from the coin's incredible eye appeal. Comes with vintage mailing envelope, sent to a bank in Michigan, which contains an official cardboard holder for five Antietam halves. Census: 7 in 67 *, 6 finer (12/09). [SIZE=4][COLOR=Red]Toning Premium: 3.5X Wholesale[/COLOR][/SIZE] [COLOR=Blue]Comments: I can only recall one other Antietam with more impressive toning than this coin. The Antietam is commonly found with beautiful toning. To be considered at the top of the toning class for this commemorative issue is an honor, even if only bestowed by me. [SIZE=4] [/SIZE][/COLOR][SIZE=4][COLOR=Blue][B]1936 50C Cleveland MS66 * NGC [/B]Sold for: [B]$2,990.00[/B] (includes BP) [SIZE=2][COLOR=Black] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1936ClevelandNGCMS66.jpg[/IMG] [/COLOR][/SIZE][/COLOR][/SIZE][B]Description[/B] [B]1936 50C Cleveland MS66 * NGC.[/B] Sumptuous claret and canary-gold peripheral hues give way to ice-blue and silver-pink shadings close to the centers. A fantastic Premium Gem for the toning fanatic. [SIZE=4][COLOR=Red]Toning Premium: 9.3X Wholesale[/COLOR][/SIZE] [COLOR=Blue]Comments: Personally I find the design of the Cleveland commemorative to be rather sub par. However, to make this design this attractive with toning is a major feat. A huge premium was paid for this coin and one which I would not endorse as my bid was only $1,000. [SIZE=4][B]1936 50C Delaware MS65 PCGS [/B]Sold for: [B]$2,127.50[/B] (includes BP ) [/SIZE][/COLOR] [COLOR=Blue] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1936DelawarePCGSMS65.jpg[/IMG] [/COLOR][B]Description[/B] [B]1936 50C Delaware MS65 PCGS.[/B] Both sides of this lustrous Gem offer impressive toning. Light gray-gold centers give way to sky-blue and lemon-yellow margins on the obverse, while the reverse shows richer orange, lime, blue-violet, and rose shadings.[COLOR=Blue] [SIZE=4][COLOR=Red]Toning Premium: 6.4X Wholesale[/COLOR][/SIZE] Comments: While I didn't bid on this coin, one needs to recognize that the Delaware is a very difficult commemorative to find with appreciable attractive rainbow toning. The toning on this coin does not fall in the monster category but just try to find a finer patinated Delaware. [SIZE=4] [B]1922 50C Grant No Star MS64 [IMG]http://coins.ha.com/common/images/star.gif[/IMG] NGC [/B]Sold for: [B]$2,300.00[/B] (includes BP ) [/SIZE][/COLOR] [COLOR=Blue] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1922GrantNGCMS64.jpg[/IMG] [/COLOR][B]Description[/B] [B]1922 50C Grant No Star MS64 * NGC.[/B] Blue-green, plum, and gold peripheral shadings frame ethereal silver-gray centers. A gorgeous near-Gem with wonderful luster. [SIZE=4][COLOR=Red]Toning Premium: 10.7X Wholesale[/COLOR][/SIZE] [COLOR=Blue]Comments: Besides the fact that the label is comical (No Star MS64 *), the coin is incredible. This coin defines how grade can be unimportant when dealing with toned coins. Without the toning, it is a run of the mill MS64. Donning the patina allows the coin to mingle with upper class MS67's.[/COLOR] [COLOR=Blue] [SIZE=4][B]1924 50C Huguenot MS66 [IMG]http://coins.ha.com/common/images/star.gif[/IMG] NGC [/B]Sold for: [B]$6,325.00[/B] (includes BP ) [/SIZE][/COLOR] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1924HuguenotNGCMS66.jpg[/IMG] [B]Description[/B] [B]1924 50C Huguenot MS66 [IMG]http://coins.ha.com/common/images/star.gif[/IMG] NGC.[/B] Rose, violet, green-gold, and pale ice-blue shadings embrace the obverse of this exquisite Premium Gem, while the reverse adds deeper plum, cerulean, and lime elements. Impressively lustrous with just a few shallow marks hidden in the reverse devices. [SIZE=4][COLOR=Red]Toning Premium: 9.2X Wholesale[/COLOR][/SIZE] [COLOR=Blue]Comments: I could list a long string of superlatives to describe this coin but I don't need to. Simply look at the photo. I feel the need to caution the readers of this thread. While I find it acceptable to take risks bidding on toned coins via photos, I highly recommend that you do not follow my lead. Bidding 5-10X wholesale on a $100+ coin is risky business and something that should been done sight seen.[/COLOR] [COLOR=Blue] [SIZE=4][B]1920 50C Maine MS66 [IMG]http://coins.ha.com/common/images/star.gif[/IMG] NGC.[/B] Sold for: [B]$4,312.50[/B] (includes BP [IMG]http://coins.ha.com/c/s/i/ui/bid-box/btn-explain.gif[/IMG]) [/SIZE][/COLOR] [COLOR=Blue] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1920MaineNGCMS66.jpg[/IMG] [/COLOR][B]Description: [/B][B]1920 50C Maine MS66 [IMG]http://coins.ha.com/common/images/star.gif[/IMG] NGC.[/B] Stunningly toned with beautiful luster filtering through the rings of gold, sea-green, cerulean, and magenta-violet gracing each side. A well struck with such triumphant eye appeal that the planchet flaw just above the knot of the wreath seems trivial. NGC has graded 23 numerically finer examples (11/09). [SIZE=4][COLOR=Red]Toning Premium: 7.2X Wholesale[/COLOR][/SIZE] [COLOR=Blue]Comments: The total population of this coin in MS66 is 594/40. To find one as attractive as this example probably reduces the population to this 2/0. It is the finest toned Maine commem I have ever seen.[/COLOR] [SIZE=4][COLOR=Blue][B]1937 50C Roanoke MS68 [IMG]http://coins.ha.com/common/images/star.gif[/IMG] NGC [/B]Sold for: [B]$10,925.00[/B] (includes BP ) [/COLOR][/SIZE] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1937RoanokeNGCMS68.jpg[/IMG] [B]Description[/B]: [B]1937 50C Roanoke MS68 [IMG]http://coins.ha.com/common/images/star.gif[/IMG] NGC.[/B] An exquisite Superb Gem, housed reverse-up to better display the peach, blue, and gold-green tab toning on that side. The beautifully lustrous obverse shares similar hues. Strongly struck and essentially unmarked, tied for numerically finest known to NGC or PCGS (11/09). [SIZE=4][COLOR=Red]Toning Premium: 3.1X Wholesale[/COLOR][/SIZE] [COLOR=Blue]Comments: I feel almost embarrassed that I bid $5K on this coin, but remember I did not see the coin in hand. With a few days left in the auction, my bid appeared to very competitive indeed. I am very grateful that I did not watch the floor bidding for this coin to watch my bid get absolutely obliterated.[/COLOR] [SIZE=4][COLOR=Blue][B]1926 50C Sesquicentennial MS64 PCGS [/B]Sold for: [B]$2,990.00[/B] (includes BP )[/COLOR][/SIZE] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1924SesquiPCGSMS64.jpg[/IMG] [B]Description[/B] [B]1926 50C Sesquicentennial MS64 PCGS.[/B] Green-gold, blue, and silver-gray elements drape each side of this near-Gem, while the obverse adds peripheral magenta. Only a few light ticks and the usual striking softness preclude a finer designation. [SIZE=4][COLOR=Red]Toning Premium: 10.7X Wholesale[/COLOR][/SIZE] [COLOR=Blue]Comments: The Sesqui is very commonly found with deep original toning. The problem is that the toning is usually very dark and quite ugly. The fact that this coin drove the highest premium in this group of coins shoud tell you something about the rarity of the attractiveness of the toning on this coin.[/COLOR] [SIZE=4][COLOR=Blue][B]1925 50C Stone Mountain MS67 [IMG]http://coins.ha.com/common/images/star.gif[/IMG] NGC [/B]Sold for: [B]$13,800.00[/B] (includes BP ) [/COLOR][/SIZE] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Commemoratives/San%20Francisco%20Collection/1925StoneMountainNGCMS67.jpg[/IMG] [B]Description[/B] [B]1925 50C Stone Mountain MS67 [IMG]http://coins.ha.com/common/images/star.gif[/IMG] NGC.[/B] It is difficult to imagine a more beautiful Stone Mountain half than this stunningly toned Superb Gem. Plum, blue, lime, squash-gold, and magenta-rose hues dominate the lustrous surfaces. Carefully preserved beneath the patina and ell-defined. NGC has graded only 10 numerically finer examples (11/09). [SIZE=4][COLOR=Red]Toning Premium: 12X Wholesale[/COLOR][/SIZE] [COLOR=Blue]Comments: The Stone Mountain in MS67 has a Numismedia Wholesale value of $1,150. Witnessing a coin with a wholesale value over $1K sell for over 10X wholesale is like seeing a double eagle in golf. I only wish I was at the FUN show to be able to see this coin in person. [/COLOR] [COLOR=Black]I know this was a long thread, but the quality of these coins is astounding. It would have been nice to win just one of these coins. It should also mean something that not only did I get outbid on all three coins I bid on, my bids were outbid in multiples. The only thing more incredible was the overall toning premium realized by the collection. [SIZE=4][COLOR=Blue] Total Numismedia Wholesale Value: $9,155 Total Price Realized (including BP): $50,945[/COLOR][/SIZE] [SIZE=4][COLOR=Red]Total Toning Premium: 5.6X Wholesale [COLOR=Black][SIZE=2]The performance of this collection indicates to me that the state of the toned coin market is doing just fine. Prices for more common material may be lagging like every other area of numismatics, but the high end toned material with exceptional eye appeal remains very strong indeed. I would love to hear any thoughts or opinions on the subject. [/SIZE][/COLOR][/COLOR][/SIZE][/COLOR][/QUOTE]
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