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Toned Coins For Long Term Investment

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Pillar of the Community
United States
1339 Posts
 Posted 03/24/2016  2:04 pm  Show Profile   Bookmark this reply Add babysitr to your friends list
Yes! toned coins in holders are one thing,buying raw is a lot larger risk to me.
Pillar of the Community
United States
3278 Posts
 Posted 03/25/2016  1:15 pm  Show Profile   Bookmark this reply Add upstate to your friends list
It's my understanding that toning is a dynamic condition, eventually becoming darker. I have often wondered if holders stop this or just slow it down?
I know I have seen some pics of "top pops" and they always seem to be incredibly beautiful
toned specimens. Someone here once showed us a bunch of super high end Seated coins he had that totally blew me away!
They were investment grade and very expensive.
Valued Member
United States
411 Posts
 Posted 04/12/2016  2:22 pm  Show Profile   Bookmark this reply Add cuzzx to your friends list
in my opinion a toned coin is like a car that needs painting or clothes with dirt stains. would you pay more for them ?
all are damaged, then look at a crisp clean silver dollar from the mint .
just my thoughts.
yes I have a few toned but I did not buy them that way.
New Member
Canada
24 Posts
 Posted 04/12/2016  4:54 pm  Show Profile   Bookmark this reply Add Hepcat to your friends list
I agree. Toned coins are tarnished coins. I don't want them that way, the same way I wouldn't want a rusty car.

Pillar of the Community
United States
937 Posts
 Posted 04/12/2016  5:44 pm  Show Profile   Bookmark this reply Add Tryna to your friends list
okay, let us assume...

1. A toned coin is worth more than a white coin
2. A TPG holder will keep the toning as it is (excepting PCI holders)
3. Coin values will increase in the next 30 years like they did in the last thirty years

So we buy a hundred monster toned coins in PCGS holders put them in a safe or deposit box for 30 years. So here we are with more grey hair, bigger waists, less hair and teeth; we open the box and the angels sing as we see our 100 beautiful coins...

So what if....
1. There was a Big news story last year that PCGS was run by crooks or whatever and now are the equivilent to ACG, SEC, NNM, or Compu-grade?

2. Tastes have changed and toning is seen as damage and a very bad thing

So now we have all these 'investment grade' coins that no one will buy!

Invest in stocks, bonds, securities, or investment things. Buy coins because you love them. If your first thought is return on investment you have lost the hobby.
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Australia
16804 Posts
 Posted 04/12/2016  6:01 pm  Show Profile   Bookmark this reply Add Sap to your friends list
The colours from toning come from the Thin Layer Effect, just like the colours of an oil slick on water. The "layer" on a toned coin is a layer of metal oxidation products, caused by reaction of the metal with the atmosphere. And like an oil slick, the colours can change over time, depending on the thickness of the layer. The colour progression is like a rainbow: red is thinnest, then orange, yellow, green and blue. The next colour after blue is black, because the layer then becomes too thick to be transparent.

TPG slabs are air-resistant, not completely airtight. Toning of slabbed coins can change, especially if the slab is kept in a corrosive atmosphere. As such, they are a terrible long-term investment.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
Pillar of the Community
United States
1346 Posts
 Posted 04/12/2016  6:04 pm  Show Profile   Bookmark this reply Add 999fine to your friends list
After watching the video on anodizing coins to tone them, I am mighty suspicious of anything from the last few decades.
New Member
Canada
24 Posts
 Posted 04/12/2016  7:39 pm  Show Profile   Bookmark this reply Add Hepcat to your friends list

Quote:
Invest in stocks, bonds, securities, or investment things. Buy coins because you love them. If your first thought is return on investment you have lost the hobby.


I fully agree.

Pillar of the Community
United States
2815 Posts
 Posted 04/12/2016  8:47 pm  Show Profile   Bookmark this reply Add Darth Morgan to your friends list

Quote:
Invest in stocks, bonds, securities, or investment things. Buy coins because you love them. If your first thought is return on investment you have lost the hobby.


This!

For me, coins are a hobby. They are best enjoyed this way.
Pillar of the Community
United States
3546 Posts
 Posted 04/13/2016  12:40 am  Show Profile   Bookmark this reply Add mdpmedia to your friends list
Besides just looking at a coin and taking a wild guess are there certain methods and empirical tests that an everyday collector can implement to ensure that a coin has 100% natural toning: light meter, % reflectivity etc?
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United States
187446 Posts
 Posted 04/13/2016  09:16 am  Show Profile   Bookmark this reply Add jbuck to your friends list

Quote:
For me, coins are a hobby. They are best enjoyed this way.
Pillar of the Community
United States
613 Posts
 Posted 04/13/2016  1:40 pm  Show Profile   Bookmark this reply Add billymac11 to your friends list
Toned coins are pretty, but for me, not an investment. I fully expect the toning to progress to its logical conclusion. With luck that's decades after I'm gone!
New Member
Canada
24 Posts
 Posted 04/13/2016  2:36 pm  Show Profile   Bookmark this reply Add Hepcat to your friends list
I have problems with the term "natural" toning. My understanding is that the silver is tarnishing because it's reacting to the sulphur in the air. Well earth's atmosphere doesn't naturally contain any meaningful amounts of sulphur. The sulphur in the air is a byproduct of manmade industrial processes, i.e. pollution. So what's so "natural" about the toning?

Why some collectors prefer coins that have been more exposed to man made pollution than other coins rather puzzles me, especially since most collectors prefer uncirculated, i.e. mint, coins. Well silver coins come out of the Mint looking shiny white.

Edited by Hepcat
04/14/2016 1:14 pm
Pillar of the Community
1153 Posts
 Posted 04/14/2016  4:51 pm  Show Profile   Bookmark this reply Add CSOTUS to your friends list
coins can be a good long term investment, but remember not too long ago a toned coin was considered an imperfection. Someone already mentioned it but if you're looking at coins for investment reasons, go for high MS, low mintage
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Australia
16804 Posts
 Posted 04/14/2016  6:52 pm  Show Profile   Bookmark this reply Add Sap to your friends list

Quote:
I have problems with the term "natural" toning. My understanding is that the silver is tarnishing because it's reacting to the sulphur in the air. Well earth's atmosphere doesn't naturally contain any meaningful amounts of sulphur. The sulphur in the air is a byproduct of manmade industrial processes, i.e. pollution. So what's so "natural" about the toning?

It's "natural" as opposed to "artificial" or "accelerated", ie toning deliberately placed on a coin to improve its appearance, rather than toning that happened simply with the passage of time.

Silver is very good at sucking sulfur out of the atmosphere. Well, it's as good as any other metal (apart from gold) in that aspect, what makes silver unique is that it reacts readily with sulfur but not with oxygen. So while copper toning is a mixture of sulfides, oxides, carbonates etc, on silver it's pure silver sulfide.

Yes, there is (or was; it's getting better) more sulfur in the air in recent centuries due to man-made activities, particularly burning certain high-sulfur fossil fuels (oil and coal). But there would still be more than enough "natural" sulfur in the air to cause silver to tarnish, eventually. Volcanoes emit sulfurous gases, and certain foodstuffs (notably eggs and garlic) are high in volatile sulfur compounds. If everybody still lived in the Stone Age, your silver coins would still tone, just maybe 3 or 4 times slower than they do now.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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