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 Replies: 20 / Views: 4,177 |
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New Member
United States
30 Posts |
Hi Folks, As I continue my own education, I'm becoming a bit miffed at pricing when it comes to toned coins. For example, the coin pictured in Numismedia is a $25 dollar coin (MS-65 and graded), but this coin is being sold for $175. Are markups for toned coins really this extreme. Is this a common practice and something to be very wary of? Small markup because of uniqueness sure - but multiples of the fair market value? Thanks all.   *** Moved by Staff to a more appropriate forum. *** |
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Pillar of the Community
United States
4132 Posts |
That's a crazy markup. Pass that one by, you will see another nice, toned 1945 before long. There is usually some premium, but don't pay a 600% markup.
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Pillar of the Community
5464 Posts |
Quote:
Are markups for toned coins really this extreme. It can be. If someone collects these types of toned coins and has the money to burn, why not? Quote:
Is this a common practice and something to be very wary of? Small markup because of uniqueness sure - but multiples of the fair market value? Thanks all. Yes, it's a common practice. The buyer should be wary of it, not the seller. It's a free market economy. It's worth what someone is willing to pay. I personally don't have a big interest in these. As we say in the construction field, mother nature is taking it back. Edited by USSID18
11/01/2018 11:46 am
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Bedrock of the Community
United States
36746 Posts |
Some people are willing to pay a premium for colorful toning.
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Bedrock of the Community
13014 Posts |
Quote:
For example, the coin pictured in Numismedia is a $25 dollar coin (MS-65 and graded), but this coin is being sold for $175. Are markups for toned coins really this extreme. Markups can be much much much much more than that. Go look at what some toned Morgans sell for when they have the right color pattern as an example. Quote:
Is this a common practice and something to be very wary of? Small markup because of uniqueness sure - but multiples of the fair market value? Nothing to be wary of, just something to be aware of. Coins can have the same grade and both be graded correctly but sell for wildly different prices. Quality costs more, the best coins cost more, coins with the best eye appeal cost more, coins with the right colors cost A LOT more ect. |
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Bedrock of the Community
United States
94367 Posts |
Agree with IGE - Beautiful Mercs like this are few and far between, just like all silver from this era. It wouldn't surprise me to see it sell.
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Pillar of the Community
United States
4132 Posts |
I think significant premiums make more sense in series that are rarely found with excellent toning (for whatever reason, I have a really hard time finding SLQs with colorful toning). Mercury dimes are not one of those series (nor are Morgan dollars, but people still pay crazy money for them). Quote:
Agree with IGE - Beautiful Mercs like this are few and far between, just like all silver from this era. It wouldn't surprise me to see it sell. I'm a specialist in toned Mercury dimes; trust me, they are common for common dates. They should carry only a small premium. I paid below Numismedia for this NGC MS67 example (with blinding luster):  1945 Mercury Dime by CaptainFwiffo, on Flickr Edited by CaptainFwiffo
11/01/2018 3:02 pm
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New Member
 United States
30 Posts |
Thank you all for the interesting comments. I'm amazed at the collective knowledge provided here, and being new to coin collecting I can really begin to paint a clearer picture for myself about coin collecting as a hobby - but also within the context of a open marketplace.Thank you.
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Rest in Peace
United States
18456 Posts |
I'd like to know what that coin was graded at . Whatever it is , I'm not a fan of that kind of toning .  |
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New Member
United States
30 Posts |
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Rest in Peace
United States
18456 Posts |
With that Fasces ?  |
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Pillar of the Community
United States
5832 Posts |
For me its the overall strike that count, follow by appearance.
I like light toned coins, but not heavy tone one's, OP example is a heavy toned example and I would passed as Captains suggest, look for some other instead.
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Bedrock of the Community
United States
11888 Posts |
people are free to buy or sell at whatever price they want. you should always pay what you think something is worth and be willing to walk away if it is offered for more than you are willing to pay. I always regretted it when I didn't follow this mantra. should you be wary? I don't think so. just know what a coin is worth to you and stick to it.  |
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Rest in Peace
United States
18456 Posts |
Excuse me ,but can someone explain to me how an MS-65 Mercury dime have a reverse fasces that looks so lousy ? JustCarl , can you chime in ?  |
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Bedrock of the Community
United States
20753 Posts |
Quote:Excuse me ,but can someone explain to me how an MS-65 Mercury dime have a reverse fasces that looks so lousy ? JustCarl , can you chime in ? NO. As a person with well over 4,000 Mercury dimes and mostly in now 12 Albums, I'm a disliker of toned coins. I really like coins the way they were made. However, we must all remember that there are many different types of collectors of coins. Variations in types of collections are numerous in all types of hobbies. Cars, for example. Some like one type and others just don't. Same with Art, Furniture, etc., etc. With coins, there are people that love toning and will ignor imperfections such as the reverse problems with that coin for the excessive toning. Such is the reason so many people are making all sorts of artificial tones to coins. Also, I prefer Full Bands on Mercury dimes and that one is far from that. |
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Pillar of the Community
United States
4132 Posts |
The reason the fasces look so bad is because it's a 1945 and they almost always have a really poor strike. Fully struck 1945 dimes are *rare* and FB examples reach into 5 figures for gems. But TPGs don't consider strike when grading, so that's up to the buyer completely. I'm not going to pay that for a date as common as 1945, so I went the opposite route and have one that is a good representative of how poorly the date is made. But normally I am picky about strike.
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Replies: 20 / Views: 4,177 |
Posted 11/01/2018 11:45 am
