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<p>[QUOTE=&quot;medoraman, post: 1052617, member: 26302&quot;]Premium pricing for exquisite toning is not new, I was at a show in 1979 where some silver dollars sold for a premium for the toning, (I don&#039;t know where they are now, but you have never seen anything like these). I agree they were the most gorgeous coins I ever saw, and have never seen their equal even with the nice silver dollars posted here in the last few days. However, this was an premium because these were rare, (and the premium being 5-8X book), not the common stuff you see being sold at multiples all over the place now just because of a little toning, or because of ugly toning. I do not begrudge anyone paying whatever they like, I just feel this market is overdone nowadays with basically any coin with any toning trying to command a premium. Honestly, a large percentage I see as &quot;gorgeous toned&quot; I would have dipped.</p><p><br /></p><p>Regarding supply, that is where I am really nervous with these price levels. supply can be created fairly quickly, especially of BU silver toned coins. These react quickly under the right environment, leading to our past conversations Lehigh. I have accidentally done this many times, putting fresh silver in certain products just to have, &quot;dang it, my nice white coins are toned and ruined now&quot; moments. Humidity and cheap paper lead to unforeseen actions. The less scrupulous can do it even quicker, since it is a basic chemical reaction.</p><p><br /></p><p>I love your idea of putting all of these together from top to bottom. I do not disagree that the high end coins are rarer than normal. Its just the lower end coins I view as a negative to white, and really be discounted rather than a premium. Maybe my scepticism is seeing what I view as ugly coins demanding a premium. I have no argument with the pretty coins being priced higher, though the level of premium I choke at. </p><p><br /></p><p>Thank you all for your contributions to this thread. I have learned some. I believe the market for very nice toned coins is real, just not for my money, but I think the real danger is the &quot;hanger oners&quot; who pay high premiums for ugly toning because they hear all toning makes a coin more valuable. This is a common reaction, I have had many people come to me telling me, &quot;I heard a 1893 silver dollar sells for $10,000, well I have one from 1881 that is even OLDER, so it must be worth MORE!&quot;</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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