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Do these coins hurt TPGs or not?
Zoins
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These types of TPG coins come up a lot when looking for toners now. One of these sold for $185 according to WatchCount. Then I got thinking that since TPG guarantees don't cover toning premiums, how big of a deal are these and how much do they actually harm TPGs?
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What am I looking at here? Is this someone's sales pitch? The "premium" I would pay for a coin toned like that is zero.
Unbelievable... and..IMO... unacceptable - not the slab, the hype/rubbish along with it. Cheers, RickO
Well sometimes you have to ask yourself, Why didn't that coin get a Questionable Color
The coin was probably gassed in the holder and toned since being slabbed.
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The coin and tpg are not the problem.
That toning just looks awful!
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If the underlying coin is fine then why would you not grade it? Just ignore the color like it isn't there.
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Okay, $300 for toning premium, but there's also a $350 ugliness penalty that needs to be applied to that coin.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars
...but it's wasn't there.
+1
I think they probably hurt "The Hobby", since they give the illusion that those coins are acceptable, and even desirable.
By extension, seeing them in TPG plastic gives the illusion that they have accepted them...and that can't be GOOD.
To answer the OP's question...... It ain't helping.
At the end of the day, consumer demand drives what is "produced" by suppliers. Let's face it..... if there wasn't a demand for it somewhere, nobody would be doing this. As always, education is the only effective plan. Too many can't be bothered.
I suspect that many of our highly esteemed treasures were also "helped along" by people with a bit more skill than the guy who ruined this one. There are some VERY smart chemists and metallurgists in the world.
Do TPGs also issue logo-marked stick-on bandages for when they are hurt?
So this has me thinking. If gassing coins in slabs produces somewhat consistent results and is a widespread problem, would it be prudent for TPGs to show what these look like and educate buyers about gassed slabs and how their guarantees treat them?
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars
Scans of all graded coins, similar to what NGC does, would help keep future coins from being gassed like this.
Otherwise, buyers need to learn more about market acceptable toning before purchasing something for 180 that is gassed. However, if someone likes this (or doesn't wish to learn) and has the money, then nothing can really stop them from purchasing it.
No. The coin is obviously AT and appears that it may have been gassed. In my humble opinion, representing that the coin has increased value because of the artificial toning, a blatantly false statement and intentional mistatement of fact, is fraud. Sadly, I doubt any prosecutor would pursue him for wire or mail fraud.
I think that toning detracts from the value of the coin.