| Author |
 Replies: 16 / Views: 3,943 |
|
Pillar of the Community
Austria
566 Posts |
Is a common coin 2 or 10 times more valuable just because itīs toning? I am talking about common silver eagle and Morgan dollar pieces and other modern material, not about rare old coins. How long will this hype go on, when will the bubble burst? What do you think? *** Moved by Staff to a more appropriate forum. *** |
|
|
|
Pillar of the Community
Hong Kong
1270 Posts |
Beautiful toning has its extra "enjoyable/attractive" value so I do pay a small extra margin in price. But 2x to 10x increase is not acceptable. I hope I don't mis-understand your question, Filip.
|
|
Pillar of the Community
 United States
2843 Posts |
IMO. Unless the coins continue to tone and eventually reach what others have called terminal toning, people will be attracted to beautifully toned coins.
|
|
Pillar of the Community
 Austria
566 Posts |
Hi Wong, yes this is what I mean.
It seems, that some coins sell for 2x-10x more just because of the toning.
This is a fact and another bubble in my opinion.
|
|
Valued Member
 United States
461 Posts |
Coinworldtv, Are you seeing actual sales at 2x-10x markups? I see lots of people seeking extraordinary premiums for "monster toned" (whatever that means) coins. I guess if people are willing to pay, that's great, but I always felt these sellers either had no real idea what the coins are really worth (such as listings by sellers who are not knowledgeable but appear to have inherited a collection to liquidate) or just trolling for suckers. Until recently, I always avoided unusually toned coins because a book by a highly respected author I read as a beginning collector said they could be harder to sell. Then I started looking at older coins with "original skin." These are a real mixed bag. Many lack eye appeal, but there are others that have a subtle beauty that I find irresistible. Occasionally I will find a coin so uniquely beautiful I know I will never find another like it, even if it is not "original' but instead has been dipped and retoned. It is these eye-grabbing, one of a kind, never find it again coins that I end up buying even though they are unusually toned. I finally decided that it is my collection, dogonit, and I can put what I want in it. I have no pretensions of investing. And I often get more enjoyment from a pleasing nicely toned coin than I do from yet another bright, shiny blast white specimen. That being said, the kind of mark up you describe is ludicrous. I may end up paying another 10%-20% over retail, but often I find coins I love with no mark up, and sometimes I score a great coin at a better than average price. I would never sucker for paying a 2x-10x premium. |
|
Pillar of the Community
Austria
566 Posts |
Sharkman, I might have exaragated with the multiplier, but there seems to be much speculation out there as you have correctly pointed out.
Edited by coinworldtv
11/19/2018 6:13 pm
|
|
Pillar of the Community
Austria
566 Posts |
BigSilver, the usual price-bump for a more beautiful, attractively toned, well-struck or centered is of course only logical and on the right place.
Edited by coinworldtv
11/19/2018 6:15 pm
|
|
Pillar of the Community
United States
581 Posts |
Some people just love "monster rainbow toning". I know another who will pay (just about) any premium for a coin that is toned blue.
The above folks are in the minority but will pay huge premiums.
I have never seen a straight up authentic coin with "monster rainbow toning". When I mean authentic, I mean purely naturally on its own with zero human interference.
It's very easy to create whatever toning you want as long as you have the knowledge and patience to practice.
Personally, I do not participate in such shenanigans.
|
|
Pillar of the Community
Canada
999 Posts |
I recently watched a couple of toned Morgans on ebay. They ended up selling for slightly more than average, but nothing crazy. There seems to be a fair amount of supply of toned coins online so it doesn't seem like anything too special. I like the ones that are a little more subtle and at least seem like they were naturally toned rather than the "monster" toning that just looks like it was done in a lab. |
|
Bedrock of the Community
13014 Posts |
Quote:
Are you seeing actual sales at 2x-10x markups? Quote:
This is a fact and another bubble in my opinion. There's no bubble, it has been going on for a LONG time. Auctions are just bringing out what used to be private sales to the forefront. This needs to not be confused with any old toner though. Simply being toned or dark does not bring the huge premiums, its a very colorful proper look that has the right progressions that are the ones adding thousands of dollars with the 10x or more multiplier. Many people try and claim their coins with a little color or some so so color are monster toned to dip into those premiums but those always fall short of the heads of the class. Quote:
It's very easy to create whatever toning you want as long as you have the knowledge and patience to practice. This is another long held internet belief that simply isn't true. If it was very easy anyone could do it and the market would be FLOODED with them when you can make a 100 dollar coin a 3k coin with the right look. But that isn't happening because toning isn't easy to make it look good nor is it even possible other than trying to help nature along by not stopping what it is doing in a lot of instances. The quick and easy toning is easy to spot, ugly toning can be quick as well, neither of those get premiums and many don't even get straight grades. The bottom line though this idea it's easy to replicate any toning you want which many people on various forums keep saying simply is not true |
|
Pillar of the Community
Austria
566 Posts |
If toning makes Quote:
a 100 dollar coin a 3k coin then what we have is a kind of a bubble. This is a 30x multiplicator. Edited by coinworldtv
11/20/2018 04:48 am
|
|
Pillar of the Community
Canada
1267 Posts |
Quote:
then what we have is a kind of a bubble. No. In that range, what we have here is the premium some collectors are willing to pay for the very top tier of toners. There is no bubble for the market, the truth is it has been strong for decades. In fact, as the coin market cycled through its low periods, the price of what is considered the top tier didn't soften at all. They are not for everyone, collect what appeals to you. |
|
Bedrock of the Community
United States
20753 Posts |
I highly suspect the values and collectability of toned coins will end in approximately 350 years. So you should probably no save them now.  |
|
Pillar of the Community
Canada
683 Posts |
I couldn't really say on if they're a "bubble" or a "good investment" assuming you mean long term. But think of it like this, when toning was considered as a bad thing decades ago people still collected them (just for major discounts instead of premium's). If today the majority of collectors decided they didn't like toned coins people would still likely continue to collect them, it would likely just be more niche. Personally I think toning has its place in my collection but I don't see the whole 'hype' behind it. Most of the coins that sell for major premiums I usually find, for lack of a better term "Ugly". Though that's mainly referring to some "monster toners" (just couldn't understand paying $4500 for a $200 coin that looks like it had a food color bath) or paying a premium for something post mint. However I think that everyone should collect what they like, and tbh I find when I see relatively common coins sell for big money because of toning, I see it as a sign that the coin market is doing well. |
|
Pillar of the Community
Austria
566 Posts |
|
|
Bedrock of the Community
United States
19949 Posts |
Right on Basebal21! Toning has always been popular among many collectors. The question is not "NT or AT", it's all about market acceptability and eye appeal. So happens, to the eye of many beholders, toning adds eye appeal and uniqueness to a coin. To me and to many others, we don't mind paying a premium if we like it. So the the answer to the OP question - yes, it's worth paying more. Easily validated by watching past sales. |
| |
Replies: 16 / Views: 3,943 |
Posted 11/19/2018 08:56 am
