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 Replies: 8 / Views: 1,993 |
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Valued Member
United States
52 Posts |
I see closed auctions for toned bullion coins far beyond what I thought the premium might be for a neat toned coin. For example a 1 oz bullion ASE with rainbow toning closing at $400. Check out closed sales for bullion toners. I was really surprised. |
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Moderator
 United States
34398 Posts |
Yes some folks (but definitely not everyone) places a premium on what they perceive to be attractive toning.
"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Bedrock of the Community
United States
10034 Posts |
Tarnished silver can be pretty. But if not stopped it will turn black!
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Valued Member
 United States
52 Posts |
Toning can be attractive but how does one arrest it at the desired stage? If one pays a large premium for toning it seems like a real added risk.
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Bedrock of the Community
Australia
21786 Posts |
My experience is that specialist bullion dealers couldn't care less regarding toned or not, so long as the the coin is in readily re saleable top condition. What they deal in is metal value, not coin color that is dependent on opinion, and not measurable.
Collectors may have other ideas, but they are of no interest to the specialist bullion dealer.
Probably better to deal with a specialist coin dealer, who could have customers that may?, be on the lookout for nicely toned coins.
Difficulty here is that a coin dealer needs a higher profit margin, and any extra value that nice toning may bring would be swallowed up in the coin dealer's profit margin.
Remember: nice toning is unstable over the long term, and such coins need to be stored in individual airtight holders. Different holders can present some minor storage / display problems for some collectors.
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Moderator
Australia
16817 Posts |
Given that most bullion coins simply haven't been around long enough to acquire toning "naturally", and that their natural storage conditions (in sealed plastic cases or capsules) precludes most forms of toning under Earth-normal environmental conditions, it surprises me that people are prepared to pay a premium for what amounts to the ephemeral artwork of a coin doctor in creating a damaged coin.
I say "Ephemeral", because as others have intimated above, it's impossible to predict the rate of change for an artificially toned surface. Something made the coin age up artificially; if that something is still stuck to the coin and hasn't been removed by either the coin doctor or a subsequent owner, then continued rapid deterioration in appearance is almost guaranteed.
I say "Damaged" because toning is a form of corrosion. A very mild and visually appealing form of corrosion, but corrosion nonetheless. Corrosion is chemically irreversible; the Law of Entropy says a coin's condition will only get worse over time, it can't get better.
People say "collect what you like", and I generally agree. But if "what you like" encourages other people to go around deliberately and premeditatedly damaging coins, then don't expect me to approve.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Bedrock of the Community
Australia
21786 Posts |
As Sap implies, beautifully toned coins are actually beautifully corroded coins.
Same applies to strictly bullion coins.
Blast white coins in high MS grades are the closest they can be, to just after leaving the coining press.
Some customers of bullion dealers who don't care much about coins - just bullion - will prefer blast white examples if given the choice.
Blast white bullion coins that the specialist bullion dealers prefer to deal in. They don't have to think about their appearance - zero risk.
Although they may be aware of the situation, the employees of bullion dealers don't have to know anything about the numismatics of nicely toned coins. For this reason, nicely toned coins are better off traded on the numismatic market where they are more likely to be appreciated - not the bullion market.
As said earlier, bullion dealers don't really care either way about nicely toned coins.
Edited by sel_69l
11/28/2022 06:15 am
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Pillar of the Community
United States
4867 Posts |
Bullion is bullion. However, I do not like nor want toned coins. I consider them to be damaged as that is not how they were intended to be. I'd toss it in with the junk silver pile.
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New Member
United States
25 Posts |
I agree with TheForce's answer. Toned coins are damaged coins.
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Replies: 8 / Views: 1,993 |
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Posted 11/27/2022 8:26 pm
