Oiled Colonial Coins

I bought a Fugio Cent PCGS graded MS64BN recently from a Heritage auction. The coin is dark chocolate brown and was accurately depicted in the pictures on the website. (I've attached my own pics to this post - they are not great pics though.) When I received the coin, I was happy with my purchase. Then another respected dealer told me he thought the coin had been oiled a few years ago and that the oiling caused the dark toning.
Although I have already discussed this with a couple of CU board members, I would like more opinions about such coins that have been oiled in the past. Is this bad? Is it as bad as cleaning a coin? Wasn't oiling copper coins an accepted practice many years ago by even the most prominent collectors of the day? Should I trade or sell the coin for an "upgrade"?
Thank you for your time and your thoughts.

Although I have already discussed this with a couple of CU board members, I would like more opinions about such coins that have been oiled in the past. Is this bad? Is it as bad as cleaning a coin? Wasn't oiling copper coins an accepted practice many years ago by even the most prominent collectors of the day? Should I trade or sell the coin for an "upgrade"?
Thank you for your time and your thoughts.


0
Comments
However, as a consequence, the olive oil made the brown coin even darker brown. This awful truth came out in the 1970's and 1980's.
It was not discovered until it was too late that mineral oil could have done the same trick without making the coin quite as darkish brown and in fact, more than 90% of the CCU posters here STILL think erroneously that olive oil is still the best way to go.
The EAC had some members who advocated the use of oils to better p-reserve the copper on the coins by putting a protective layer of oil to slow down verdigris from forming or growing on the coins.
Too bad that some of them did not realize that olive oil can darken and well as turn rancid on the coin.
Hope this helps.
<< <i>Blue Ribbon or CARE has been used as a protective "oil" with no known adverse side effects. Olive oil has been used by some as a soak to loosen or remove dirt and verdigris. Interesting comment Oreville, but I have not heard of EACers advocating olive oil to be used as a "protective" oil. I certainly wouldn't
That's right!
And the coin up there doesn't look "olive oiled" it looks lacquered to me.
These both were recommended to me. I also understand that the application should be done periodically.
I knew it would happen.
Or only on coins that are in worse condition?
I find it very hard to believe PCGS would slab a coin so heavily oiled as that. My guess is that it's laquer you see and not oil. And for what it's worth, laquer should not harm the coin and can easily be removed with a soaking in acetone.
a coating. Blue Ribbon, Care, Vaseline, or even WD40 and wax have been used to protect old copper. All are better than no protection at all.