Pretty sure the modern ones are inert plastic. IIRC, the old ones weren't. Lots of "interesting" toning is the result of crappy holders years ago. Whitman tri-folds are bad enough with their sulphur content, but the old ones put the glue on the paper and the paper on the codbod, where the new ones only put the glue on the codbod. That's what caused tarnish stripes on reverses of many coins. I've also seen tarnish letters on obverses, where they were up against the paper sheet with type.





















