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Rainbow Toned Coins Prices

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scott3270's Avatar
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1116 Posts
 Posted 08/17/2008  6:32 pm Show Profile   Bookmark this topic Add scott3270 to your friends list Get a Link to this Message Number of Subscribers
i have been bidding on some rainbow toned coins some are really beautifull being new to the beautifully toned coin part of the hobby I have found the prices to be way different then if they werent toned.
i figured there would be a pretty good premium to the coins but not like I am seeing.a coin normally worth a couple of bucks at most going for $200 I put in a pretty good bid for some of these coins or so I thought and I just get blown away .

i just am having trouble paying $200 for a $2.00 coin even though it is beautifull does anyone else have this problem
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biggfredd's Avatar
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 Posted 08/17/2008  7:37 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Nope. I realize toning is nothing but decay.
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scott3270's Avatar
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 Posted 08/17/2008  7:55 pm  Show Profile   Bookmark this reply Add scott3270 to your friends list Get a Link to this Reply
yes that is true but sometimes there is beautifull decay I guess
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biokemist6's Avatar
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12437 Posts
 Posted 08/17/2008  9:34 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
I would have no problem paying a healthy premium for a "nice PQ monster toned" coin and I could see paying a grade bump for most cases. However, I am not usually a buyer of coins like that, but if I saw one that jumped out at me- a nice bag toned Morgan perhaps- I would not hesitate to purchase(as long as I could actually afford it) A 100x premium however it excessive to put it mildly...
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Jaobler's Avatar
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 Posted 08/18/2008  1:01 pm  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
What type of $2 coin was this that sold for $200 because of the toning?

Rainbow-toned Morgan dollars often sell for a 2X to 10X (or higher) premium because of attractive toning. Here's an example of an NGC-certified 1887 Morgan in MS-65 that sold for over $1000 in a Heritage auction back in 2003. An ordinary MS-65 1887 coin should cost about $100. Wouldn't you pay extra for this coin? All it takes is two bidders who are both willing to pay a premium and the auction takes off.

Is this coin worth 10X the normal price? Some obviously would say "yes"!

Rainbow-Toned-Coins-Prices
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 Posted 08/18/2008  1:18 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I'm not the right person to answer this post because I'm a toned coin hater. Well not a hater but I just can't see wanting one. I've purchased coins in the past that were much cheaper due to it being toned. Nowadays, those same type of coins are bringing a premium. All the ones I've ever purchased, I dipped in Acetone to get rid of that stuff.
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biokemist6's Avatar
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 Posted 08/18/2008  1:45 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Acetone WILL NOT remove natural toning(NT), it can remove artificial toning(AT) in some cases depending on what the coin was doctored with and it will remove most surface contaminants not bound to the metal itself. However, AT is a bad thing so you do not want it in the first place. Unless your "acetone" has a label that reads Jeweluster or E-Z-Est(these are the two substances commonly known as "dips") then NT will not disappear
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 Posted 08/18/2008  3:23 pm  Show Profile   Bookmark this reply Add Southern Yankee to your friends list Get a Link to this Reply
Toned coins are nice to look at, but how long will it keep this look? Will these coins continue to tone in these slabs? Changing the look and maybe losing the eye appeal. Would it still be worth the premium if the toning changed to ugly? I have some coins that are toned and are toning in my albums. I just can't see it staying looking like that.
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biggfredd's Avatar
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 Posted 08/18/2008  3:42 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
Unless your "acetone" has a label that reads Jeweluster or E-Z-Est(these are the two substances commonly known as "dips") then NT will not disappear

My jar says E-Z-Est on the first line and Jeweluster on the second. Am I missing something?

And acetone is acetone, it comes in pints at the drug store or gallons at the paint store.
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biggfredd's Avatar
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 Posted 08/18/2008  3:43 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
Toned coins are nice to look at, but how long will it keep this look? Will these coins continue to tone in these slabs?

Yes, but more slowly.

If you ever see a silver coin with ugly black splotches, it was Jewelustered, not properly washed, and slabbed.
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bobby131313's Avatar
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24150 Posts
 Posted 08/18/2008  4:01 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

Quote:
Will these coins continue to tone in these slabs?


A blast white slabbed coin can be gassed in the slab.
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biokemist6's Avatar
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12437 Posts
 Posted 08/18/2008  4:18 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
biggfredd,
that is exactly my point- acetone will not function as a "dip", they are two entirely different things but apparently Carl is trying to give the impression that toning can be removed with acetone and that is just plain wrong
Edited by biokemist6
08/18/2008 4:21 pm
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Jaobler's Avatar
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 Posted 08/19/2008  01:53 am  Show Profile   Bookmark this reply Add Jaobler to your friends list Get a Link to this Reply
Southern Yankee has a good point; toning is due to a chemical reaction between the coin surface and chemicals in the environment. If you can completely isolate the coin from further exposure to chemicals you can theoretically "fix" the level of tone. Complete isolation may not be possible, but a slabbed, naturally-toned coin kept inside a closed safe should be stable for many years. You can add protection by keeping a charged desiccant pack (silica gel) inside the safe to reduce humidity.

Carl, if you have too many of those nasty toned coins (like that NGC Morgan I posted) just send me an email and I can maybe take them off your hands. That way you won't have to waste money on acetone!

.
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 Posted 08/19/2008  07:02 am  Show Profile   Bookmark this reply Add Southern Yankee to your friends list Get a Link to this Reply
Thanks for that bit of info. I'm not a slab man so I didn't know the long term affects of the coin being in the slab. I keep my albums stored in a ziplock bag and have a desiccant pack in with them but they still are toning. Hard to stop.

Not being able to see all the colors have kept me away from the heavily toned coins. Otherwise they might have appealed more to me. Anyways it saves me more money to spend on other coins.
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 Posted 08/19/2008  1:54 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:

biggfredd,
that is exactly my point- acetone will not function as a "dip", they are two entirely different things but apparently Carl is trying to give the impression that toning can be removed with acetone and that is just plain wrong


Not just plain wrong. It will work and has for many, many years now.
Actually Acetone will remove toning sometimes and other times not. I just had a few Proof Lincoln coins that I purchased at the last coin show that had started to tone a decent amount. They were cheap so my first try was Acetone since it will not effect the coins. It did remove about 80% of the toning in a few minutes. I left them both in overnight and the next day they looked as if they just came out of a Mint holder. I've removed finger prints, dirt, toning, tarnishing on coins with Acetone many times. If that doesn't work after a few days, I normally just rinse with distilled water, blow dry and put away. Always remember that Acetone may or may not remove contaminations from coinage but will not hurt the coin either.
I've experimented on cleaning coins with just about everything possible over the last 50 ot 60 years and I'll just stick to what I know works.
And as to toning continuing in a slab, that all depends. If any slab is air tight, then very little to know more toning will continue. What some have done to make sure this doesn't happen is to use plastic types of glues on the edges of the slab to make sure they are air tight. Remember you need air or some type of gass to promote toning, tarnishing, etc. Toning will not happen in a vacuum either.
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biggfredd's Avatar
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9104 Posts
 Posted 08/19/2008  5:38 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
What some have done to make sure this doesn't happen is to use plastic types of glues on the edges of the slab to make sure they are air tight.

You'll probably introduce more crap that will create toning by doing this than you save by sealing the holder.

The reason kids buy such glues it to get high from the chemical reactions caused by the fumes. If the holder isn't already airtight, those same fumes will get to the coin, plus any reaction caused by the chemistry that the glue causes in making the seal.
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