Another Toner Lover Question--Peace Dollars?

On Peace dollars no.
On Morgan dollars perhaps a bit but not much.

The vast majority of graded piece dollars, even if you get into the MS 64-67 range are either lustrous, or have a single monotone "gray" tone, or are splotchy and blotchy and ugly. Finding truly beautiful toning on a Peace dollar is very difficult, regardless of the date or mint mark.

I will say this, and it's a bit like saying something sacrilegious, but if the toning is in a PCGS holder I'd be more hesitant to believe it's real toning. NGC is much better about weeding out "helped" toning.

I use a pretty simple rule for determining toning, myself - if it's gradual color change, especially if it radiates from the periphery, then I am much more inclined to believe it.

If it is splotchy with color bounces here and there in no particular pattern and no progression to a pattern, I do not remain interested.

http://www.greatcollections.com/Coi...-MS-61-Toned

http://www.greatcollections.com/Coi...-MS-62-Toned

http://www.greatcollections.com/Coi...-MS-63-Toned

These links might help the discussion.

Yes, I could live with the first one very easily.

That guy is all kinds of bad news.

Agree with opinions on all three. The second might look better in hand, but the pic makes it look really odd, even tho I actually do like the colors. and yes, the first two were the coins I described. If I saw the third I passed right by.

I think I would only buy a rainbow Peace dollar that was graded and slabbed. I know that doesn't rule out AT, but it would help my confidence.

For instance my avatar is a 1921s Morgan in PCGS 63. I had an offer of $1500 that I turned down

The 1921+ Peace and 1921 Morgan dollars were not stored in the conditions which allowed many earlier Morgan dollars to acquire some of their beautiful toning. Most of them tended to tone black and brown, and especially after 1921, the Peace dollars often had lots of white milky areas to further lower the eye appeal. Occasionally, some would tone a golden hue, which was slightly better. Numismatic legend also has it that the 1922 LR and later planchets were washed with an unusually strong acidic rinse before being struck into coins, which changed the chemical composition of the surface and made it less amenable to forming the spectacular rainbow and pastel hues seen on 1904 and earlier Morgan dollars.

A very, very few were stored under the right conditions and environments, mostly the first year of issue, and those, when authentic, and actually on the market, tend to bring home-run bucks, as Cascade noted...I have seen attractively toned later date Peace dollars, but compared to Morgan dollars, the scarcity is much higher. The same thing goes for 1921-dated Morgan dollars, where specimens with attractive original toning tend to sell for way more than the grade would suggest, and don't often come on the market.