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Toning Question Vis-Avis Grading Services

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howell1018's Avatar
United States
722 Posts
 Posted 02/01/2017  6:10 pm Show Profile   Bookmark this topic Add howell1018 to your friends list Get a Link to this Message Number of Subscribers
I have begun (again) collecting Morgan dollars after about a 25 year respite. I know there are various means to artificially tone silver coins. Do any of the grading services make an effort to make a determination as to whether artificial toning is present, and if so, is it denoted on the slab? I think the answer is no as I've never seen a slab with such a notation (I suppose that might result when the submitter gets it back and decides to break it out of the slab).
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Tbone's Avatar
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 Posted 02/01/2017  6:23 pm  Show Profile   Bookmark this reply Add Tbone to your friends list Get a Link to this Reply
I've seen a number of PCGS slabbed coins that state "Questionable Color"

Here's a link to the various codes PCGS uses for what they consider no grade coins

http://www.PCGS.com/grades/


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coin197's Avatar
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 Posted 02/01/2017  6:27 pm  Show Profile   Bookmark this reply Add coin197 to your friends list Get a Link to this Reply
They do not say on the holder sometimes.
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Cascade's Avatar
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 Posted 02/03/2017  12:41 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
If they deem the color market acceptable they will straight grade it. If they deem it not to be market acceptable they will "questionable color" it in a details slab
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trout1105's Avatar
Australia
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 Posted 02/04/2017  07:24 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
This "Market Acceptable" practice is not really acceptable and every coin should be graded accurately, NO exceptions.
IF an AT coin is truly market acceptable then grading an AT coin as being artificially toned on the slab shouldn't affect the sale.
We all know that this is Not the case and this market acceptable grading is just another indication that the grading standards are falling.

A TPG's Function is to grade, attribute and authenticate a coin, That is what you pay them for.
They have NO business deciding what is and what isn't market acceptable, That is for the market to decide.
Edited by trout1105
02/04/2017 07:27 am
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Jaobler's Avatar
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 Posted 02/09/2017  9:48 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply

Quote:
This "Market Acceptable" practice is not really acceptable and every coin should be graded accurately, NO exceptions.


I think this statement would be true, in an ideal world. Anything that happens to a coin can occur to a greater or lesser extent. This includes "natural" processes like circulation wear and toning, and intentional actions like cleaning and artificial toning. In cases where evidence of cleaning or AT is faint even experts can disagree as to whether a coin merits a problem designation, or even if a problem exists at all.

So, what is a responsible grader to do? I'd guess a large percentage of all collector coins have a few hairline scratches that could indicate a gentle cleaning was done. Others might have toning that looks fine to 95% of graders but the remaining 5% aren't sure. Seems to me that some balance must be struck, with "market acceptability" judgments being one approach. Without question some coins with obvious problems make it into no-problem holders and discriminating collectors should devalue them accordingly or avoid them altogether.
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Andrew99's Avatar
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 Posted 02/14/2017  5:52 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
If market acceptability were not a standard, almost no Draped Bust Halves or Dollars would make it into a straight grade holder. Almost all of these coins have been cleaned to some extent. The only question is it an "old" cleaning or not. If there is 200 years of toning over hairlines, it will straight grade.

AS far as color, if they think it might be AT, but are not sure, they may pass it if it does not look to odd. A little odd and Questionable Color. Very odd and its details.
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