The Toning Premium Thread

haha... blood/alcohol content is a significant factor from what I've seen... lol.
To me, this one appears to have the same toning pattern as the one's that just went off on heritage for 4-5k'ish.
- nicer color pattern to my eye,
- probably a "rarer" color pattern (guessing here)
- probably a more sought after color based on the color "rareness" (extrapolating on a guess)
- lower grade.
I'll guess .22 blood alcohol content, and say it went for the same premium as the one's on heritage.. 20x ! dangit. $800 clams... <hic-up>

btw,, that is a beautiful coin to my eye... I'd likey break my 5x rule to get it.

 

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Thanks, I saw that. I don't trust Numismedia when it comes to valuing coins purchased on the open market. It's a wholesale estimate, and a poor one in my estimation.

 

p.s. which does beg the question: Did Lehigh buy it from a dealer or in an auction, and if auction, which venue? For online transactions (which I believe Lehigh uses with frequency), prices for these thinly traded coins depends, to a significant extent, on the details of the transaction. To put it a bit more bluntly, a toned coin on Teletrade with crappy pics will typically sell for a fraction of the same coin sold by a popular eBay toner dealer with good pics.

 

Going down that line of thinking a bit more.... I think everyone should provide:

1) Date of transaction
2) Venue (i.e. eBay, TT, show, B&M, etc.)
3) TPG Grade (if slabbed)

Otherwise, it introduces too many variables into the valuation equation (which is difficult enough as it is!). Just a thought...Mike

 

I basically agree, but the market value could substitute for at least your #1.

 

$650

 

Hey Mike,

Try to keep up would ya.

The E-Bay seller was Chubberchub (good photos).

 

One more time in case anyone missed it. I will post the winner Thursday afternoon.

 

I use Safari and didn't see the image until Doug posted it. Nice color but low grade; several good guesses in the low 200s, which I think are close. I'll go $195.

 

Actually, make that awesome color. But I don't want to step on anyone's toes with my guess, so I'll keep it at $195.

 

232 nice coin

 

I am guessing about $57.00 if purchased about 2 or 3 years ago. (Maybe I do not understand what I should be commenting on?) If the coin was a MS 63 or better I would expect to see a slab. Maybe a higher price tag for the slab too.

 

It's in an NGC slab as evidenced by the insert. You may have overlooked the intent of this thread. We are trying to guess what each toner cost it's owner. You are also asked to give your reasons, based on the toning and grade, for your guess. The person who comes the closest then has the opportunity to post a toner of his/her own or pass the privilege along to another.

Chris

 

I love the colors Paul. This may have been purchased 2 or 3 years ago, but prices for toners were quite strong even then. Based on that, the not so common colors and that the toning is on the money side as opposed to the reverse I'll put in a guess of $475. I certainly wouldn't be surprise to find a higher price tag despite the low MS.

 

That is a beautiful coin and with very unique colors but I would agree with "robec" on the pricing at that time. Now (IMO) it would probably bring a higher premium.

 

I repeat my previous estimate of 12X the bid, at the time of purchase. My reasoning as previously replied.

 

Gachtor is the winner, I paid $146 for the coin.

Just about everybody who guessed on this coin was way over the price. Let's take a look at this coin more closely.



Here is how I would describe this coin in an auction setting:

This deeply toned coin with slightly muted luster displays incredible color. The obverse fields are alive with gunmetal blue, deep magenta, and emerald green. These colors mix with charcoal grey on Liberty’s portrait. The untoned reverse shows the true luster.

I have said this before in this thread but it bears repeating. Color is not enough! Only the combination of color and luster will yield the vibrancy necessary to vault a coin into monster status. This coin has the color, but the obverse luster is muted by the deep toning. In addition, note how the toning on Liberty's portrait is charcoal approaching black. The presence of charcoal or black on a coin is a huge red flag and when you see this color, you can almost guarantee that the luster has been subdued. Toned coins are sought after by collectors due to the eye appeal and without luster, the eye appeal suffers greatly. When I evaluate a toned coin, I rank both the color and luster of the coin on a scale of 1-10 and then use a weighted average to obtain the ranking of the toning quality.

(3XColor + Luster)/4 = Toning Quality

I ranked this coin a 9 for color and 4 for luster yielding a 7.75 for overall toning quality. And while a coin with a 7.75 is worthy of a premium (3-4X IMO), it does not warrant the 10X+ premium that a coin with a 9+ toning quality would demand such as those from the Sonnier collection in the last Heritage auction. I must stress that this is my personal method of evaluating toning and is not accepted or recognized by any Numismatic organization.

 

Now that was interesting. From my perspective the reverse " Muted " luster is not clearly apparent . Back to the obverse, I was unaware about that charcoal color is an indication of subdued luster . Interesting formula you have, I'll have to pay better adherence to it. Thanks.

 

I can assure you that charcoal color does not always mean subdued luster. Charcoal colored coins are better suited for in person examination. I have similar coins that have plenty of luster.

 

He did not say the reverse had "Muted" luster. He said the obverse had "Muted" luster and that is rather obvious.