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<p>[QUOTE="Lehigh96, post: 718183, member: 15309"]BNB,</p><p><br /></p><p>You have gotten a lot of good advice in this thread. I would now like to throw my two cents in.</p><p><br /></p><p><br /></p><ul> <li><b>Type Set Collecting</b>: If you are looking to make a profit through investment in rare coins, you are going to have a very difficult time doing it by type collecting. Most collectors that make profits on their coins become very specialized and knowledgeable in a particular area of numismatics. Often times, they will know more about their particular series than most dealers who do not specialize in the same series. This gives them an advantage that they can use to become profitable. Unfortunately, the nature of the type collector is to assemble one of each series. An experienced type collector may be familiar with most series but is an expert in none. He has no advantage and must rely on the expertise of dealers & grading companies to assemble a decent set. IMO, it would be almost impossible to build a profitable type set. The only exception would be a key date type set which will run you big bucks.</li> <li><b>Rainbow Toned Coins Rule #1</b>: <b><span style="color: Red"> ONLY BUY RAINBOW TONED COINS IN PCGS OR NGC HOLDERS</span></b>: This rule is not negotiable. It is your insurance policy against AT coins. I have been collecting rainbow toned coins for 8 years and do not break this rule. The slab does not ensure that the coin is NT, in fact both PCGS & NGC use the practice of "market acceptability" for questionably toned coins. However, the slab does ensure that even the AT coins will sell at current market prices because they are deemed "market acceptable". The coins you need to be wary of are the PCGS & NGC coins that were once "market acceptable" but their particular toning pattern is no longer considered "market acceptable." The series you are looking into purchasing falls into that category. Gorgeous blue toned proof IHC's have most likely been treated with MS70 causing the color. Leadfoot, Charmy, and the slighly evil one (Gmarguli) will be able to tell you more about MS70 toned proof IHC's. If you are going to buy one of these, do not buy of E-Bay or Heritage. Find a dealer that specializes in toned copper and make a deal. If I were in your spot, Charmy would be my first choice in dealer. Having said all that, a phenomenal toned proof IHC is a great addition to a type set.</li> </ul><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Indian%20Cents/IndianCent1897NGCPF66RBCAMEOLarg-1.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><ul> <li><b>Rainbow Toned Coins Rule #2:</b> There are no price guides for rainbow toned coins and the market price for monster color can be many multiples of established wholesale prices. <b><span style="color: Red">There is never validation for your purchases </span></b><span style="color: Red"><span style="color: Black">f</span></span><span style="color: Black">rom most other collectors and they will tell you over and over that you are an idiot for paying that much for a color coin. </span><b><span style="color: Red"> From what I have seen, this will be your biggest challenge if you venture into toned coins.</span></b></li> <li><b>Rainbow Toned Coins THE Price Premium</b>: Rainbow toning is an area of numismatics that is highly specialized. It usually requires years of experience to overcome "emotion buying" and stop overpaying for your toned coins. For this reason, I personally expect to lose money if and when my collection sells. I simply have overpaid for too many coins. As I state above, there is no written price guide. Understanding the toned coin market is very difficult and highly volatile. To understand the pricing a little better, please read the attached thread. It was one of my first posts on this site but still very accurate and useful. <a href="http://www.cointalk.com/t39837/" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/t39837/">http://www.cointalk.com/t39837/</a></li> </ul><p><br /></p><p><b>Rainbow Toned Coin Dealers:</b></p><p><br /></p><ul> <li><b>Polaris Numismatics: </b><a href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fstores.shop.ebay.com%2FPolaris-Numismatics__W0QQ_armrsZ1" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fstores.shop.ebay.com%2FPolaris-Numismatics__W0QQ_armrsZ1" rel="nofollow">http://stores.shop.ebay.com/Polaris-Numismatics__W0QQ_armrsZ1</a> This is Brandon Kelley's shop. Brandon ran the daily operations of Anaconda Rare Coins for the owner Adrian Crane and was involved in purchasing. I believe he was responsible for the entire web design and all photography. Anaconda was the king of toned coin companies. I almost cried when I heard Adrian was selling the business and moving to Costa Rica.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /> The coins of Anaconda and now Polaris usually have monster color and moon money prices. You get great quality, but there is now way you will make a profit.</li> <li><b>GreatToning</b>: <a href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fmyworld.ebay.com%2Fgreattoning%26ssPageName%3DSTRK%3AMEFSX%3ASELLERID" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fmyworld.ebay.com%2Fgreattoning%26ssPageName%3DSTRK%3AMEFSX%3ASELLERID" rel="nofollow">http://myworld.ebay.com/greattoning&ssPageName=STRK:MEFSX:SELLERID</a>This is the best E-Bay seller of toned coins and even his photos are enhance a tad. He has a very loyal base of customers that check his auctions every week. Any quality item that he lists goes for big money.</li> <li><b>Island Coins:</b> <a href="http://islandcoins.com/index.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://islandcoins.com/index.htm" rel="nofollow">http://islandcoins.com/index.htm</a> Another quality seller of great toned material with moon money prices. The photos are not quite as good as Brandon's either IMO. I have purchased coins from this company and have no complaints.</li> <li><b>Heritage:</b> <a href="http://coins.ha.com/?ic=Tab-Home-041408" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/?ic=Tab-Home-041408" rel="nofollow">http://coins.ha.com/?ic=Tab-Home-041408</a> If you are looking to make a profit on a toned coin, this may be your only shot. Keep and eye out for a toned coin with what appears to be a poor photo.</li> </ul><p>Here is your homework assignment BNB, look at the Morgan Dollars in the upcoming signature sale and pick a toned coin that you think you might be able to obtain rather cheaply due to a poor photo and flip for a profit with a great photo. Here is the link to the Morgan Dollar section.</p><p><br /></p><p><a href="http://coins.ha.com/common/search_results.php?Ne=304&N=51+792+4294959069+382" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/search_results.php?Ne=304&N=51+792+4294959069+382" rel="nofollow">http://coins.ha.com/common/search_results.php?Ne=304&N=51+792+4294959069+382</a></p><p><br /></p><p>I know this was a long post, but I want you to succeed. Rainbow toning is an advanced area of numismatics that requires both courage and patience. I am always here if you ever need help or advice about a toned coin.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 718183, member: 15309"]BNB, You have gotten a lot of good advice in this thread. I would now like to throw my two cents in. [LIST] [*][B]Type Set Collecting[/B]: If you are looking to make a profit through investment in rare coins, you are going to have a very difficult time doing it by type collecting. Most collectors that make profits on their coins become very specialized and knowledgeable in a particular area of numismatics. Often times, they will know more about their particular series than most dealers who do not specialize in the same series. This gives them an advantage that they can use to become profitable. Unfortunately, the nature of the type collector is to assemble one of each series. An experienced type collector may be familiar with most series but is an expert in none. He has no advantage and must rely on the expertise of dealers & grading companies to assemble a decent set. IMO, it would be almost impossible to build a profitable type set. The only exception would be a key date type set which will run you big bucks. [*][B]Rainbow Toned Coins Rule #1[/B]: [B][COLOR=Red] ONLY BUY RAINBOW TONED COINS IN PCGS OR NGC HOLDERS[/COLOR][/B]: This rule is not negotiable. It is your insurance policy against AT coins. I have been collecting rainbow toned coins for 8 years and do not break this rule. The slab does not ensure that the coin is NT, in fact both PCGS & NGC use the practice of "market acceptability" for questionably toned coins. However, the slab does ensure that even the AT coins will sell at current market prices because they are deemed "market acceptable". The coins you need to be wary of are the PCGS & NGC coins that were once "market acceptable" but their particular toning pattern is no longer considered "market acceptable." The series you are looking into purchasing falls into that category. Gorgeous blue toned proof IHC's have most likely been treated with MS70 causing the color. Leadfoot, Charmy, and the slighly evil one (Gmarguli) will be able to tell you more about MS70 toned proof IHC's. If you are going to buy one of these, do not buy of E-Bay or Heritage. Find a dealer that specializes in toned copper and make a deal. If I were in your spot, Charmy would be my first choice in dealer. Having said all that, a phenomenal toned proof IHC is a great addition to a type set. [/LIST] [IMG]http://i117.photobucket.com/albums/o59/ACPitBoss/Indian%20Cents/IndianCent1897NGCPF66RBCAMEOLarg-1.jpg[/IMG] [LIST] [*][B]Rainbow Toned Coins Rule #2:[/B] There are no price guides for rainbow toned coins and the market price for monster color can be many multiples of established wholesale prices. [B][COLOR=Red]There is never validation for your purchases [/COLOR][/B][COLOR=Red][COLOR=Black]f[/COLOR][/COLOR][COLOR=Black]rom most other collectors and they will tell you over and over that you are an idiot for paying that much for a color coin. [/COLOR][B][COLOR=Red] From what I have seen, this will be your biggest challenge if you venture into toned coins.[/COLOR][/B] [*][B]Rainbow Toned Coins THE Price Premium[/B]: Rainbow toning is an area of numismatics that is highly specialized. It usually requires years of experience to overcome "emotion buying" and stop overpaying for your toned coins. For this reason, I personally expect to lose money if and when my collection sells. I simply have overpaid for too many coins. As I state above, there is no written price guide. Understanding the toned coin market is very difficult and highly volatile. To understand the pricing a little better, please read the attached thread. It was one of my first posts on this site but still very accurate and useful. [URL]http://www.cointalk.com/t39837/[/URL] [/LIST] [B]Rainbow Toned Coin Dealers:[/B] [LIST] [*][B]Polaris Numismatics: [/B][URL="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fstores.shop.ebay.com%2FPolaris-Numismatics__W0QQ_armrsZ1"]http://stores.shop.ebay.com/Polaris-Numismatics__W0QQ_armrsZ1[/URL] This is Brandon Kelley's shop. Brandon ran the daily operations of Anaconda Rare Coins for the owner Adrian Crane and was involved in purchasing. I believe he was responsible for the entire web design and all photography. Anaconda was the king of toned coin companies. I almost cried when I heard Adrian was selling the business and moving to Costa Rica.:( The coins of Anaconda and now Polaris usually have monster color and moon money prices. You get great quality, but there is now way you will make a profit. [*][B]GreatToning[/B]: [URL="http://rover.ebay.com/rover/1/711-53200-19255-0/1?type=3&campid=5335874456&toolid=10001&mpre=http%3A%2F%2Fmyworld.ebay.com%2Fgreattoning%26ssPageName%3DSTRK%3AMEFSX%3ASELLERID"]http://myworld.ebay.com/greattoning&ssPageName=STRK:MEFSX:SELLERID[/URL]This is the best E-Bay seller of toned coins and even his photos are enhance a tad. He has a very loyal base of customers that check his auctions every week. Any quality item that he lists goes for big money. [*][B]Island Coins:[/B] [URL]http://islandcoins.com/index.htm[/URL] Another quality seller of great toned material with moon money prices. The photos are not quite as good as Brandon's either IMO. I have purchased coins from this company and have no complaints. [*][B]Heritage:[/B] [URL]http://coins.ha.com/?ic=Tab-Home-041408[/URL] If you are looking to make a profit on a toned coin, this may be your only shot. Keep and eye out for a toned coin with what appears to be a poor photo. [/LIST] Here is your homework assignment BNB, look at the Morgan Dollars in the upcoming signature sale and pick a toned coin that you think you might be able to obtain rather cheaply due to a poor photo and flip for a profit with a great photo. Here is the link to the Morgan Dollar section. [URL]http://coins.ha.com/common/search_results.php?Ne=304&N=51+792+4294959069+382[/URL] I know this was a long post, but I want you to succeed. Rainbow toning is an advanced area of numismatics that requires both courage and patience. I am always here if you ever need help or advice about a toned coin.[/QUOTE]
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