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<p>[QUOTE=&quot;DoubleDie, post: 350513, member: 10132&quot;]Lacquer does not stain a coin; but used to keep coins from tarnish or toning. However, if it&#039;s applied unevenly it can cause streaking or &#039;holes&#039; and the coin can actually tone underneath the lacquer. Furthermore, lacquer tends to crack and peel in flaky pieces (which is not the case with this picture), and if this coin was coated in lacquer it should show over-all toning and not just underneath the lacquer. </p><p>&nbsp;</p><p>It stands to reason, if the coin was to tone under the lacquer, then how much more would it tone on the said uncoated areas?</p><p>&nbsp;</p><p>For all I know, in the past, a previous owner may have used a substance to carefully remove some of the toning, but stopped short of their goal for some reason, producing the effect we are discussing.[/QUOTE]</p><p><br /></p>

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