Do you pay a premium for toned coins?
Panda4456
Posts: 362 ✭✭✭
I see so many common date coins on eBay that are not worth that much but I see people paying 10X-100X the value of the coin just being it has rainbow toning.
I personally prefer coins that are bright white and PL rather than toned.
2
Comments
If it’s colorful and a type I like then absolutely. But I generally don’t go for outlandish premiums when buying. I hope to have those when selling. But like most everything in life, it’s not for everyone.
Here’s one of mine. I bought the onza at some point in the 80s and lost track of it for years.
I would rather pay a premium for a coin with good eye appeal, toned or un-toned, than get a discount for lack of eye appeal. Not all toned coins, even rainbow monster toners, have good eye appeal and those I wouldn’t pay a premium for.
Mr_Spud
I’ll never buy a random coin because of toning. I will pay a premium for the most attractive layers of age combination (that includes toning) for a coin already on the fair & semi-recoupable value spectrum that I was already seeking out.
11.5$ Southern Dollars, The little “Big Easy” set
There is a core of collectors who seem willing to pay big premiums for anything that has "rainbow" toning regardless of whether the toning pattern is attractive or not. As the market for toned coins matures eye-appeal is going to become more and more important and many of the oddly toned coins are going to fall out of favor. When they fall out of favor their prices realized will fall with them.
There’s certainly a market for nicely toned coins. I’ll pay a hefty premium if it’s a coin l really like. A couple of weeks ago I was bidding on a beautiful Roosevelt dime. It’s about a $16 dime in blast white. It sold for over $300. Someone liked it more than I did.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
Absolutely.
Rainbow toned major error coins carry a heavy premium.
Maybe they ARE worth that much.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I pay more albeit indirectly because the second she gets home she gets a bath. The Weimans isn't cheap.
I would never pay more for the coin itself just because someone baked it in the taco bell sauce. THKS!
The whole worlds off its rocker, buy Gold™.
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like rust, tarnish never sleeps. And it's free.
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Yes, but it depends on the type of coin. Early silver, 1790's to 1830's and classic commemoratives. Otherwise, I'm a member of the ricko school. No tarnish, please!
They are also very rare! I think I’ve only seen you post one here?
I would pay a small premium for exceptionally toned coins.
Many of the toned colors that I see today, I never saw back when silver coins circulated.
Yes.
Depends
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Since toned coins (particularly attractive rainbow ones) sell for (often huge) premiums, if a collector doesn’t pay the ask, they simply won’t own any. You could equivalently ask if you pay more for key date coins. You either do, or you don’t get to buy them (unless the seller is oblivious to the market).
If you are referring to age-appropriate, subtle toning or dark/unattractive color then there wouldn’t be a reason to pay a premium as those have the same (or less than) market demand as blast white.
To answer the question, I love toned coins and have paid rather large premiums for some of them.
It’s easy to guess who is going to post in these threads and what they are going to say.
It’s not surprising that people pay a premium for superior eye appeal.
And to be fair, those are asking prices, and appear to be still for sale. Take a look at realized prices.
It depends on what think can sell them for.
If the deal is right with huge profit potential (like 2-4 multiple x cost), confident can flip quickly, and the coin really PQ probably would bid up but not too high or get in bid war with some rabid collector.
It’s all in the deal for me.
I'm mostly in the RickO camp too.
I will pay a premium for toning, originality, green or gold bean, and old holders. Absolutely. Send 'em my way.
Yes, but only if the character of the toning is consistent with the issue, for example, bag toning on Morgans, mint set toning on a 1958 Franklin, and many types of toning (consistent with manufacture and storage) on classic commemoratives.
For me ... I guess it all depends on the coin and eye appeal.
Yes, if it is pretty. Funny how pretty tarnish is toning and ugly tarnish is tarnish.
Yes.
"Got a flaming heart, can't get my fill"
Most of what I see out there is a no. There are a few toned coins that I will pony up for.
I do but I'm fussy about it. I have a fondness for blue toning but I do not like one-sided toners.
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Depends on the coin. For coins like this, yes:
You can take any position you'd like, but if you aren't willing to pay more for coins like this you aren't likely to get any.
If the toning is exceptional and makes sense for the coin, yes. If it's just a coin that isn't white, no.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
I discount them. Tarnish isn’t for me. I collect coins that look like they were minted, and they don’t have toning when minted.
I will pay a premium for high end attractively toned coins. I wouldn't pay a premium for the first or third coin. I'd pay a small premium for the 1881-S in MS66.
Definitely. But I like to cherrypick 'em, something that's nearly impossible to do these days. Here's one I cherried a few years back for the price of a normal coin-
I don’t care for the one sided toning. I like em to look the same on both sides.
Eye appeal is massive in creating demand for coins. What your eye appreciates may be different from the market but attractive toning draws interest.
That said, many coins are marketed as such but aren’t and any collector with half a brain can separate out the fluff from the gems.
Latin American Collection
I like to refer to these two that have that ideal toning on early coins, that I will pay up for (and did). Although any gray-ish one with great surfaces deserves a premium over the processed ones.
Best, SH
Nope
No.
No, not for me,
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MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
I will pay a significant premium for the right toned coin. Of the coins you posted, I wouldn't be a buyer of any of them. The first one has pretty colors, but the blotchy center completely ruins it. The second coin is pretty, but the colors aren't spectacular, and to me, not worth a significant premium (full disclosure, I have two similarly toned coins, so that lowers my interest level). The Franklin seems fine, but it's also a high grade that is beyond what I'd care about and the color doesn't look impressive. I think that piece may have sold for the grade rather than the color.
But as an example, I paid a very sizable premium for this coin, and I'm thrilled to have it.
A modest one....Not a stupid one.
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My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
No, I avoid toned coins.
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$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Does a bear poop in the woods?
Of course I will for the good stuff!
Nice toned coin worth premium.
Sorry...give me blast white every time.
And I do poop in the woods...
Not if he's in a zoo.
I do not pay up too much, since I am afraid the toning is a process - on the way to black.
Some coins just get me in awe if they have enough oomph and pop.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
There's a ebay seller with close to 700 Jeffs up but only 22 are certified. Most are toned and raw. 3 sales in 3 months. Buyers with half a brain are steering clear.......
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection