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<p>[QUOTE=&quot;bahabully, post: 1073713, member: 17555&quot;]I&#039;m not sure that Doug means there was literally no toning activity until recently.&nbsp; We can all agree that toned coins have always existed, and as such, were part of the world coin population that was collected,,, hence, they were part of the coin market since there was such thing as a coin market.&nbsp;&nbsp; The point i think that is being offered is that as a distinct and &quot;significant&quot; sector of the overall coin market, the toned population activity did not warrant being called out as a &#039;significant market&#039;...&nbsp;&nbsp; IMO, there has always been a toner market,, it&#039;s always been there, at least as long as the hobby has been recognized as a hobby/market.&nbsp; &nbsp; Now, to what extent ?&nbsp; &nbsp; I&#039;m pretty sure no one will argue that in the past 10 years or so the toner market as grown from a single A game to one of the most active and visible sectors of the coin market..... it&#039;s a AAA game now,,, 10 years ago,&nbsp; no way.....&nbsp;&nbsp; and will the toner premium&#039;s remain at thier current levels ?&nbsp; no way,,,,&nbsp; the manufacturing processes are in full production and new toner doctors are being minted every day....&nbsp;&nbsp; at some point the supply will surpass demand and everyone will have enough of them to sate their appetite (i do think we are approaching this event at an increasing velocity)....&nbsp; anyone collecting toners with &quot;investing&quot; in mind will likely get burned on thier investment (including myself) to a greater extent than thier blast whites, or key dates, that were purchased closer to book value (imo)... which is one reason I always collect 80/20, where 80 is key dates and 20 is fun money, aka toner money ; )[/QUOTE]</p><p><br /></p>

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