Toning fever.... 60 X Sheet and climbing! (SOLD FOR 100X SHEET!)

oldcameoproofsguy · July 16, 2005 1:52PM

Now I've seen everything. I thought it was crazy when nice toned Peace dollars go for 10 or 20 X sheet, but this is nuts.

Do you think that the price of this coin is now maxed out?

Do you think it met reserve? (I'm being sarcastic)

Do you think the owner is thrilled with the results of this auction? (sarcasm again)

Sure it's nice but come on! Would I be obtuse to say that this is outlandish? Am I the only one who is thinking this way?

If a MS67 Barber quarter is toned like this coin and went for 60 times sheet it would go for $250,000. Gosh I think that would be worth it! An outrageously toned MS 67 Barber quarter goes for 2X sheet and in my opinion is well worth the premium due to the rarity accompanying the coin. An early US coin with toning like this will command less than 1X sheet.

Here is an example of Mrs High Demand meets Mr Stupidity.

(Sorry if I'm ranting and raving but I didn't get my Count Chocula this morning)

1943-S PCGS MS67

oldcameoproofsguy · July 16, 2005 1:56PM

Oh yeah.... My icon was purchased for 1.3 X sheet. (The reverse looks just like the obverse) Good thing I didn't pay 60X sheet it would have cost me $180,000.

airplanenut · July 16, 2005 1:57PM

That toning is not worth that premium, IMO... just not incredible enough.

fc · July 16, 2005 1:58PM

that is insane. i went to look at what other pcgs coins in the same grade sold for
and it was 50 dollars! that coin is already at 1700! with juice almost 2000!

who in their right mind makes purchase decisions like that?

coin collecting continues to amaze me daily.

dizzyfoxx · July 16, 2005 2:10PM

I'm a color-toned "nut" and I think that's even a little

. That being said, it doesn't surprise me all that much when a collector feels a particular coin is beautifully toned and quite simply a one-of-a-kind work of nature. Beauty is certainly in the eye of the beholder and if the buyer of that coin were to read these threads, his/her response would probably be, "Behold this!!!"

Dog97 · July 16, 2005 2:15PM

But but but Heritage seys it's <<<one-of-a-kind>>>
Yeah it's crazy. Bet the cosignor is happy though.

stman · July 16, 2005 2:31PM

DUDE, so what's you point? Feel better now? And as they say around here.....

"If it's pretty and you like it is all that matters." Better add a

Myqqy · July 16, 2005 4:00PM

"If it's pretty and you like it is all that matters."

I'm really starting to hate that statement!

Woodwind · July 16, 2005 4:16PM

Hmmm . . . I obtained a 1942 Nickel (non-silver Type 1) with perfect rainbow toning along the edges on a bid board for $12 today. Maybe I'll slab it and try my luck.

cosmicdebris · July 16, 2005 8:49PM

Time to crank the oven up and make some money.

ER · July 16, 2005 8:52PM

<< Time to crank the oven up and make some money. >>

Yep.

DMWJR · July 16, 2005 9:18PM

Is Anaconda selling this coin?

Dennis88 · July 16, 2005 9:33PM

VEEEEEEEEEERRRRRRRRRRRRRRRRRYYYYYYYYYYYYYYYYY OVERPRICED JUNK!!!!!

This is a reason why I don't collect toned coins like this.........

cointagious · July 16, 2005 9:40PM

Has to be a heck of a coin considering how good the pix look and it's The Evil Empire™ imaging.

roadrunner · July 16, 2005 10:00PM

It's one thing to see a coin in person and offer to pay 60X bid. But it's entirely different to post such a number sight unseen based on internet photos and the seller's description.

solid · July 16, 2005 11:44PM

And I thought I paid strong money for this:

and this:

Ken

TorinoCobra71 · July 17, 2005 12:47AM

I totally agree with you, great toning or not how does in command a $1700 bid?? When all the others realized around $55 tops, I know, more than likely these were NOT toned.....But still.......

TorinoCobra71

TorinoCobra71 · July 17, 2005 12:48AM

<< Time to crank the oven up and make some money. >>

HAHAHAHAHAHa.........

THanks for the Sunday Morning Funnies!

TorinoCobra71

coinrookie · July 17, 2005 12:53AM

I could maybe understand it for a FS, but too rich for me on that coin.

Steve

oldcameoproofsguy · July 17, 2005 12:53AM

Solid,

That's a very pretty wartime nickel!

It looks just like the one in the auction.

I'll bet you're pretty stoked to know that someone will pay $1955.00 for it.

oldcameoproofsguy · July 17, 2005 1:01AM

<< "If it's pretty and you like it is all that matters." Better add a

>>

Oh yeah stman I forgot!

My bad!

Shamika · July 17, 2005 1:01AM

Solid's MS67* looks better if you ask me.

coinguy1 · July 17, 2005 1:03AM

Just curious folks....

What if:

1) It were a coin that listed at $3500 and it had been bid up to $5250, or a 50% premium (but still $1750 over bid) - would you still feel the same way?

3) The three highest bidders were all extremely knowledgeable and "knew" their bids were "stupid" but didn't care because they loved the color - would you still feel the same way?

3) The three top bidders had seen the coin in person and each thought it to be under-graded by 2 points - would you still feel the same way?

Is it really that crazy or terrible for people to pay what they care to, in order to acquire something which appeals to them......even if YOU wouldn't pay the same?

Where would each of YOU draw the line on such a coin if you really wanted it? If you're all honest about it, I am convinced that many of you will think some of your fellow respondents are crazy too.

solid · July 17, 2005 1:07AM

I've searched these out for years now and can tell you that the truly great
ones are very few and far between. That nickel at auction now is fabulous.
I saw it earlier this week and would love to own it, but the current price is
too steep for me. The trend is definately upwards over the past couple of
years.

The nickel in the first photo is nearly as nice as the second, but is was shot
with my old camera and bad lighting. I'll have to give it another go soon!

Ken

FullStrike · July 17, 2005 1:11AM

So how much would a reputable Coin Doctor charge to tone one like that?

I think I'm witnessing first hand a Judas Goat/ Shilling - preparation to a market killing.

grip · July 17, 2005 1:14AM

Mark
That was my first thought,#3.
Al

Russ · July 17, 2005 1:31AM

<< So how much would a reputable Coin Doctor charge to tone one like that? >>

There's a guy in the Chicago area that regularly does some work for a few forum members. Ask around about Dr. Nick.

Russ, NCNE

mgoodm3 · July 17, 2005 2:09AM

Wow.

FatMan · July 17, 2005 2:13AM

<< 

<< So how much would a reputable Coin Doctor charge to tone one like that? >>

There's a guy in the Chicago area that regularly does some work for a few forum members. Ask around about Dr. Nick. >>

You mean the "Legendary Coin Posse" hasn't put him out of business yet?

coinguy1 · July 17, 2005 2:20AM

Russ, are you at liberty to tell us who the forum members are?

Barry · July 17, 2005 2:26AM

What are the pop numbers in 68? Maybe the top 2 bidders think it's an upgrade candidate.

Russ · July 17, 2005 2:31AM

<< Russ, are you at liberty to tell us who the forum members are? >>

No. The information was provided via PM and I don't have any first-hand knowledge. The source is reliable and trustworthy, bit it's still hearsay from a legal standpoint.

Russ, NCNE

BillJones · July 17, 2005 2:34AM

I'm glad that I have a Proof type coin for this hole in my set, and don't feel compelled to pay this much money for something like this.

RGL · July 17, 2005 2:48AM

Sweeet toning ... crazy price, one I would not pay. I prefer cherry picking for cheapies ... such as the rainbow 1960 proof below ...

bestclser1 · July 17, 2005 8:32AM

Thanks for registry sets should be sent by seller.Love the color,but not for me.

uofa1285 · July 17, 2005 9:19AM

I have 10 or so with equal or better looks...both wartime and peacetime...Appalacian quality...If this is the trend, then I'm cashin' out now! Someone send me that buyer's email address...

Doug

rainbowroosie · July 17, 2005 10:52AM

I have a better one too, from Angel D two years back at the then stooopid price of $900....people laughed at me!

DSH1963 · July 17, 2005 11:00AM

Looks like a hundred dollar coin to me

DAVID

morsini · July 18, 2005 10:24AM

Regardless of what it brings in auction, the piece is absolutely stunning in hand. For those of you who believe you have comparable or better, we should chat.

fc · July 18, 2005 10:40AM

why is the only thing going through my head,

that a skilled artist who works with metals, especially in the area of coloring
could produce several examples over a time period and eventually get one
into a PCGS slab.

that is how skeptical i have become to these prices for tarnished coins.

billboat · July 18, 2005 10:41AM

I've go a nice 43-S that I paid a few dollars for--fits nicely with the rest of my wartime nickels and makes me happy. I'm reminded of another thread on this board earlier today about "buy the best/highest grade you can afford" well, I could pay $2000 for this coin--I could afford it--but why in the world would I when one that looks about as nice could be had for a fraction of that amount. For me this is a good example of the craziness/number frenzy that has taken hold of the hobby. As they say in my part of the country--at closing time all the gals look beautiful--and obviously some look fantastic!

morsini · July 18, 2005 10:47AM

Ultimately, people pay for the best. This coin can be group in the best catagory. As such, it is doing well. In any case, the seller has to be a happy camper.

oldcameoproofsguy · July 28, 2005 1:55PM

$3680!

Need I say more?

Abaco24 · July 28, 2005 2:06PM

Saw one that was worth $125 by the numbers and the bid was $800, went for $1200 BF the juice! Who's buying......DA's IMHO.

solid · July 28, 2005 2:19PM

I'm thinking I should give morsini a call next week!

Abaco24 · July 28, 2005 2:22PM

Go to Heritage, search Seated dollars and look for a highly toned, you can't miss it. Coin is worth $1100 to $1800 and the bid now with the BP is $4800!!! I personally would wait for a better deal but this is after all "the sport of Kings".

FullStrike · July 28, 2005 2:40PM

At one point in Numbmismatics it seemed that dipping a coin to present it's cleanest and brightest appearance was the way to get top dollar for it.

I can see now that this has changed 180 degrees. Now, to get top dollar, one has to put pretty rainbow colors on their coins. All this is natural toning of course! It's only natural to want to make top dollar - that's for sure!

The question I have now is how do I get in on this action? Is there a black market guide to "natural rainbow treatment" of coins? I'd imagine this is tightly guarded information of course.

Maybe a few books on chemistry would be the way to go? Or maybe a book on stained glass windows?

Toning fever.... 60 X Sheet and climbing! (SOLD FOR 100X SHEET!)

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