Your thoughts on toned coin grading
Hi everyone. This is something that has been on my mind now for some time. I collect Lincolns mostly but this applies to any coin that acquires toning. I'll start with copper though because the distinction is so clear in that case.
When I see a completely brown coin graded say MS64BN, I don't see how a colorfully toned coin with the same date could also be MS64BN and have the exact same value. All the auctions I've watched lately bare this out dramatically. Often the final hammer price will be up to 10X more than the guide price, even more sometimes. I really believe something needs to be done about this.
What I'd like to see is a new line added in the price guide. The numbers should reflect recent results from toned coins. So instead of red, red-brown and brown, I think it should be red, red-brown, brown and toned. This would apply (especially) to proof coins as well.
Please weigh in with your thoughts and add some pictures! If you have a coin designated brown that is toned in a very appealing way, please share it with us. I think the more of these we put up, the more obvious the need for this new designation will be seen as badly needed. I think this will infuse the market with new energy, it will give PCGS a lot of new slabs to do and most of all, people that collect toned coins will have a lot more joy as they buy and sell coins with the new designation.
Now for my contribution. How can this be the same as your average normal 64 brown?
Here is the same coin turned slightly: