Does Toning Automatically Disqualify a 70 Grade on Modern Coins?
Proofmorgan
Posts: 940 ✭✭✭✭✭
There has been a significant amount of fresh mint packaged coins coming out of safes or banks with the run up in spot prices. Currently, any common piece is not really worth the effort to grade as the premiums have evaporated.
That said, there are a couple sets that still have potential value. Referencing the 1995 W Gold set with silver eagle or the 1993 Philly Gold set with silver eagle. Due to the time these have spent in the packaging, at this point, many are toned. The Philly set especially as the coins were not packaged in capsules. (Please chime in with any other sets/coins that you think are still worth a significant premium in a 70).
Anecdotally, I can't recall seeing a toned coin in a 70 holder.
Note: 70's that toned in the TPG holder excluded vs. being submitted toned.
Comments
This is the first toned 70 that I ran into (sold in 2019 at GC). It’s possible it was gassed but it could also have been graded this way.
https://www.greatcollections.com/Coin/731516/1972-S-Eisenhower-Dollar-Silver-PCGS-Proof-70-DCAM-Toned
as long as it looks nice and not fugly toning then yes, jmo
No, not automatically.
Official PCGS account of:
www.TallahasseeCoinClub.com
Seems like they’re often net graded down to the 67-68 level. IMO, it’s the TPG’s way of discounting for the possibility of artificial toning without assigning a details grade, and/or accounting for the inability to be confident in discerning a 69/70 with the coin’s surfaces obscured.
Nothing is as expensive as free money.
I don’t know but would wager yes. However, I guess that 1972-S Ike toner above probably scored big with the toner fans. But as the toning darkens over time…