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Coin value

Started by mr_highgrade,

17 posts in this topic

James_OldeTowne

James_OldeTowne

Posted
Posted

Unless it has magnificent toning, which does not appear to be the case, I typically offer 10 - 15% under sheet, but that's mostly because I'm just not in this market. Other dealers might do better.

 

I'd guess most dealers would offer $750 for it.

 

James

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BankNote1

BankNote1

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Toning is tarnish that develops over time on active metals such as silver! Sometimes it develops pretty colors of red, blue, amber and etc. Collectors will pay a premium for a coin that has developed attractive toning.

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James_OldeTowne

James_OldeTowne

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I'll augment the other comments by explaining this way. A coin without any toning whatsoever would be referred to as "blast white". If you can imagine a typical Morgan dollar that's in MS-63 and has been dipped, it would be like this. Now, a coin that is 200 years old, or even 50, should have darkened at least a tad over time and developed "toning", which usually dulls silver coins a bit until they are no longer so bright. If the toning (dullness) is typical, then it will be more like a grey or off-white silvery tone. But sometimes, the toning develops into spectacular colors, such as when the toning is caused by an old cardboard album, or caused by storage in a paper envelope or similar environment. For many collectors and dealers, such a naturally toned coin will elicit a stronger bid, or premium, over a coin that's very "blast white". Especially for classic commemoratives, "blast white" coins, which are frequently so because they've been dipped, tend to trade a bit below "market value". It takes only a few seconds to make a "blast white" coin (by dipping it), but decades to make it naturally toned (by sitting in an album).

 

I hope our answers make sense. If not, it would be a very appropriate topic for you to bring up for discussion on the "coin tangents" forum, for example.

 

James

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