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Does Toning Of A Slabbed Coin Affect Price?

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New Member

United States
6 Posts
 Posted 01/25/2013  9:18 pm Show Profile   Bookmark this topic Add selym to your friends list Get a Link to this Message Number of Subscribers
Hi everyone,

I just bought my first encapsulated coin. It's a beautiful specimen, nearly all white, graded MS-65 by PCGS. In my search for this coin in this grade, there were a number of aesthetic options ranging from pure white to entirely and unevenly discolored in a rather ugly way. I don't know anything about grading, but it sounds to me like toning doesn't matter (much?) to graders. However, I think most people on the buying end would rather the shiny white coin over the toned one at the same year/grade/price.

So, I'm wondering....how does toning play into grade (if at all), and is there anything I can do to keep this slabbed white coin white over time? (or is it all a roll of the dice)


Thanks,
Sel
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denco7's Avatar
United States
2543 Posts
 Posted 01/25/2013  9:28 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply
It all depends on the toning. A discolored spot, usually takes away from the value. A beautiful rainbow colored natural toning around the device, can add substantially to the value. Slabs are supposedly sonically sealed to prevent discoloration, but it still happens. Just store them property
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brg5658's Avatar
United States
627 Posts
 Posted 01/25/2013  9:43 pm  Show Profile   Bookmark this reply Add brg5658 to your friends list Get a Link to this Reply
I 2nd what Denco said. As an example, I would much rather have my example (below) than a blast-white example. The attractive toning adds some character to a coin.

Does-Toning-Of-A-Slabbed-Coin-Affect-Price?
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basebal21's Avatar
13014 Posts
 Posted 01/25/2013  10:16 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Denco hit it right on the head, some makes it less valuable some makes it more.

Depends on the buyer too.

BRG would rather have a toned example, id rather have a blast white one. Its just individual taste
New Member
United States
6 Posts
 Posted 01/25/2013  10:26 pm  Show Profile   Bookmark this reply Add selym to your friends list Get a Link to this Reply
Thanks everyone for the replies. I prefer the all white ones myself, but I also understand it's a matter of personal preference.

My primary concern is if I buy that all white shiny specimen today, store it properly, and in 20 years it still discolors in the capsule, do I still have an MS-65 graded coin?


Sel
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dave700x's Avatar
United States
10625 Posts
 Posted 01/25/2013  10:39 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
It would depend on the toning. Check out this web site for attractive exampleshttp://www.jhonecash.com/coins/tonedmorgans.asp
Edited by dave700x
01/25/2013 10:43 pm
New Member
United States
6 Posts
 Posted 01/25/2013  11:16 pm  Show Profile   Bookmark this reply Add selym to your friends list Get a Link to this Reply
Those are truly beautiful examples. Thanks for posting the link.

The unknown is kind of making me nervous that if my investment tones poorly even in the sealed case, it could detract from the beauty and value of my investment. I don't know. I'm new to this, so maybe I'm just being a bit overly concerned. Or maybe I don't have the stomach for numismatics and should just stick to bullion. While I know there's still risk in what an ounce of gold might be worth in 20 years, at least I'll know it will still be an ounce of gold. :)


Sel

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BLadd's Avatar
United Arab Emirates
557 Posts
 Posted 01/26/2013  01:44 am  Show Profile   Bookmark this reply Add BLadd to your friends list Get a Link to this Reply
That's a nice toned look brg.

I, like basebal prefer the blast whites coins for my collection, but I do appreciate certain toned coins.
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Jaobler's Avatar
United States
6392 Posts
 Posted 01/26/2013  02:24 am  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Coins often do tone inside slabs, either because reactive substances are packaged inside the slab with the coins, or because chemical vapors and moisture penetrate the slab plastic. The paper inserts, the interior surfaces of the slab plastic, or the surfaces of the coin itself are potential sources of reactive substances. You can't do anything about these unless you want to crack out the coin. You can control exterior threats by keeping the slab inside an inert environment. Use desiccant like silica gel packs inside your safe, safe deposit box, or other enclosure where coins are stored. Obviously, make sure your coins are kept away from sources of vapors such as fireplaces, cigarette smoke, drying paint, etc.

ICG used to supply storage boxed lined with a product called "intercept shield" that absorbed chemical vapors and theoretically protected the coins. This material could also be ordered as an insert for their slabs. Here's a Barber quarter packaged inside an ICG intercept shield slab:



Does-Toning-Of-A-Slabbed-Coin-Affect-Price?
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basebal21's Avatar
13014 Posts
 Posted 01/26/2013  03:01 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
My primary concern is if I buy that all white shiny specimen today, store it properly, and in 20 years it still discolors in the capsule, do I still have an MS-65 graded coin?


More than likely yes. If you just keep them in relatively safe environments I wouldnt be too concerned. Its when you get toned finger prints and things like that that they really lose value. As long as you pick out nice well struck examples no matter what toning happens it will still be a well struck example with good detail
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trout1105's Avatar
Australia
7096 Posts
 Posted 01/26/2013  05:51 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
All toning on coins is some form of environmental damage.
I prefer blast white with perfect lustre over a toned coin any day.
Having said that I DO enjoy toned coins as long as they look good, the dark black on silver coins is a definite turn off to me.
Each to their own but they never left the mint in a toned condition.
The toning CAN hide things in the lustre of a coin and in my opinion should be discounted against a coin of the same grade without the environmental damage.
This is just my own opinion and the way I like to collect.
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chesterb's Avatar
United States
1261 Posts
 Posted 01/27/2013  8:30 pm  Show Profile   Bookmark this reply Add chesterb to your friends list Get a Link to this Reply
I personally prefer toned coins as more than likely a blast white coin was cleaned at one time. It's hard to store that silver for over a hundred years and it not change color. With that said, if the surfaces are clean and you have superior luster then your MS-65 should always remain a 65 and there will be a market for it no matter what.

Here's what I would do: I would photograph your coin now so you get a baseline of what it looks like in 2013. Then just check it again in a year or two? If you start to see some toning patterns appear that isn't attractive to you then you can always sell it. I wouldn't crack it out though. It will be more protected in it's current holder.
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westcoin's Avatar
United States
9792 Posts
 Posted 01/27/2013  11:17 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
I think the toning absolutely does affect price and can even affect the grade given.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
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United States
3184 Posts
 Posted 01/28/2013  03:06 am  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
beautiful toning can make a $50 coin become 500+ or even more!
New Member
United States
6 Posts
 Posted 01/28/2013  09:46 am  Show Profile   Bookmark this reply Add selym to your friends list Get a Link to this Reply
Thank you all for jumping in and posting. It's nice to get so many people willing to help and share their thoughts and opinions so quickly, and I appreciate every single post.

I especially like chesterb's idea of snapping a photo today and checking in a year or two. If I do notice changes I'm not particularly comfortable with, I could always unload it at that time to alleviate my fears.

Thanks again everyone! :)


Sel
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oih82w8's Avatar
United States
7840 Posts
 Posted 01/28/2013  10:30 am  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
"Beauty is in the eye of the beholder". What I consider beautiful may be considered down-right ugly to another and vise-versa. Some coins bring some ridiculous prices based upon toning (or "tarnish" if it is negative).
Edited by oih82w8
01/28/2013 10:31 am
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