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Are all coin metals subjected to toning of one sort or another?
Pretty much, yes. Earth's atmosphere is not friendly to pure refined metals. They are all trying as hard as they can to turn back into the little piles of metallic ore from whence they came.
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What are the best type of coins that do not easily suffer from toning?
Chemically speaking, metallic elements that react very slowly and generally do not interact much with the atmosphere are called
noble metals. Coins made of these metals are going to be less likely to tarnish and tone. However, the only noble metals you're likely to find made into coinage are gold, silver, platinum and palladium.
There are other ways to make "toning-resistant" coins. Stainless steel, for example, is used by many countries for coinage these days. Chemically, stainless steels and similar alloys are not "noble"; they still form oxides and other corrosion products, but the corrosion layer made by stainless steel under normal circumstances is very thin (invisible to the eye) and protective, in the fashion outlined by sel_69l.
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How do Australia $1 coins stand up to toning?
I would have to disagree with sel on this point: I've found aluminium-bronze coins to be more reactive, and to tone and discolour faster, than cupronickel coins of the same age. As with the composition chosen for American dollars, The alloy was designed for colour and for wear-resistance, not for toning-resistance.
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Is there a climate issue when it comes to coin toning? Worst question of all for me is, does humidity cause toning?
Absolutely. A main cause of toning on base-metal coins is moisture; a droplet of water on a coin will suck in all the other goop in the air and hold it on the coin surface in circumstances that accelerate toning. Dry climates keep coins better then humid ones. The worst combination is humidity plus wildly variable temperature. If a metal object cools down rapidly in humid air after being warm, water will condense on it. If you must keep coins somewhere humid, try to keep the temperature as constant as possible.
Other environmental factors can cause toning. Sulfur in the air is a major one (sulfur is the main culprit for silver tarnish); aerosolized sea salt (or dry lake salt, for that matter) can also cause toning problems.
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Inspite of some stories that Gold is Inert, it is not. Gold as well as many metals will react with someting which makes it look different.
Well, pure gold (.9999 fine) is chemically inert in any kind of environment humans can survive in. If the dinosaurs had made .9999 gold coins and we dug them up, they'd still look as mint-pristine as the day they were made. But circulation-quality gold (22k in Britain and Australia, .900 fine in America) has copper or silver in it to dilute it, and that diluent can cause toning of the alloy.
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I doubt very much that I would buy a coin because of toning. There seems to be to much funny stuff going on in that area of coin collecting.
You are wise to be wary. "Artificial toning" or "intentional toning" is a significant problem in coin collecting these days, since some collectors have gotten it in their heads that certain kinds of toning are "beautiful" and worth more than an otherwise identical untoned coin. Personally, toning is corrosion, and something I'd rather not have on my coins. Especially not modern coins that could not possibly have acquired a genuine patina "naturally" yet.
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