Has anyone heard the term "market acceptable" when it comes to toning...what does it mean?
ANACONDA
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I've heard that term. Can anyone help me out?
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How can a market accept anything anyways? What is acceptable to some is unacceptabe to others.
Of course this is a two fold issue "lightly cleaned & retoned"
As to what it means:
In this case, Early Dollars are 206+ years old "WHAT DO YOU WANT" an original coin!.................good luck, they are few and far between!
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The first time I heard this term applied by PCGS was regarding the proof Jefferson electric Kool-Aid nickels.
They had no problem slabbing the first 200 or so and then somewhere along the way, it was decided that they were no longer "market acceptable", and no more would be slabbed.
Nothing changed with the nickels, just an opinion from PCGS. The coloring/toning may have been accelerated, if you call forty years an acceleration, but as I understand it, it was a freak of nature as opposed to intentionally done.
It's just an opinion coming from someone or some group that has a certain degree of clout. The opinion, at least in this case, didn't have much effect on the coin's value, in fact it may have actually driven the price up as no more were being slabbed.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff