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 Replies: 17 / Views: 4,094 |
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Pillar of the Community
United States
790 Posts |
I've been watching the auctions every Sunday on Great Collections. Last week, there was a BEAUTIFUL toned DCAM Jefferson nickel. Its book value was $13, but the thing went for over $600, after factoring in the fees and shipping costs.  The magnified image shows the color is banded, shades of darker purple, then blue, crossing the coin in horizontal bands. This week, there are more coins, similarly toned, also with these bands. The PCGS certification numbers are very close for the proofs, and also for the MS coins. A couple examples.   I'm guessing these coins are being auctioned by the same person. I am no expert in toned Jeffersons but I think the colors and banding is kind of unusual. Does anybody wonder if the seller maybe either found a way to AT coins in the holder, or got it past PCGS? Regardless, whoever it is may be making quite a pot of money on these! |
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Valued Member
United States
280 Posts |
They do seem suspicious...
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Pillar of the Community
United States
1609 Posts |
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Pillar of the Community
United States
3516 Posts |
I know the owner of these coins, nice guy, toned coin enthusiast. These coins are naturally toned.
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Bedrock of the Community
United States
94367 Posts |
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Pillar of the Community
United States
757 Posts |
There was an member of PCGS who was banned from the site for toning coins in the holders. He went as far as describing how he did it on their forums. For a couple of dollars in supplies he was turning $10 coins in $500+ coins. I do believe that PCGS changed something in the case design to stop this from happening, but you never really know how many that person or others who read the "how to" made.
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Pillar of the Community
 United States
790 Posts |
If you know the owner, maybe he can explain the banding? Does he know anything about the coins?
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Pillar of the Community
United States
790 Posts |
Anyway, I knew toned Morgans could go for crazy amounts (there's one going tonight, the current bid is more than $2k over book). And I knew that nickel can tone crazy colors. But after watching these puppies go, I'll be keeping my eye out for pretty toned nickels, esp DCAM proofs.
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Rest in Peace
United States
17900 Posts |
The beauty of the coin is in the eyes of the buyer and they are certainly justified in choosing the coins they love.
The prices may seem crazy, and probably are, but we don't know the true rarity and value of such coins if we don't pursue them ourselves.
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Pillar of the Community
United States
1653 Posts |
Obviously AT'd after being slabbed.
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Valued Member
United States
467 Posts |
Looks like a few coins I toned similarly in a ziploc bag and a hot crushed hard boiled egg. Never tried is with clad or copper, only silver on a harshly cleaned coin to give better eye appeal to me and me only. Would never try to do to make a profit though. I think blast white coins always look better.
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Pillar of the Community
United States
3516 Posts |
These coins have traveled in the instagram community, they were pulled out of sets. They are not AT, I can almost assure it
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Pillar of the Community
United States
1373 Posts |
I did get a few chuckles from the pics AND biddings. I will never complain about collectors who have different ideas of desirable coins, but I MYSELF would NOT even keep a toned coin for my collection; I'd just throw it back into circulation. Of course (having done so many times) I've disposed of 'possibly' valuable coins that I feel are junk coins, but I've learned I can't save EVERYTHING, so I just keep what I truly like.
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Pillar of the Community
United States
790 Posts |
If they were part of a set that was stored in similar conditions that account for the banded toning (perhaps folded in wrapping tissue that contains sulphur) that could explain a great deal.
Atticguy, tell you what: if you come into a pretty toned coin like one of these, send me a picture before you toss it back in circulation. I might offer you a better deal. LOL.
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Pillar of the Community
United States
757 Posts |
Quote:
These coins have traveled in the instagram community, they were pulled out of sets. They are not AT, I can almost assure it The cheap lenses the proof sets are housed in easily allow "gases" to pass through. This is the same process that some people used to AT coins already in holders. If someone who has a surplus of proof sets that they almost cannot give away, what would stop them from getting "creative" with these sets? They can then start a little post about the amazing coins they have just discovered. Once the word gets out it creates a demand for the coins and drives up the price. Now those sets that were taking up space collecting dust are potential gold mines. This may not be the case with these coins, but being as jaded and untrustworthy of most people as I am, I typically assume the worst from people. |
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Pillar of the Community
Australia
7096 Posts |
Going by the cert#'s these have been graded recently in the same submission and IF they were toned like they are now I would of imagined that the person putting in the submission would have forked out the extra $5 to have the "Secure" option with the trueview image.
Looking up the cert#'s doesn't show any images and the toning looks suspicious to me as well.
Either PCGS has dropped the ball or have relaxed their ruling on "Questionable colour" coins to have holdered these with a grade
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Replies: 17 / Views: 4,094 |
Posted 01/01/2017 3:13 pm
