Chesdin Point Toned Peace Dollar Collection.
Bag Toned

Owner Comments:

Ex Binion.

In the 1990s, Ted Binion, a wealthy Las Vegas casino executive and businessman, famously hoarded millions of dollars worth of bullion that were stored in a large concrete bunker west of Las Vegas. The holdings included several Morgan and Peace Silver Dollars. Several of the coins were stored in canvas bags and the concrete bunker potentially served as a source of moisture, creating ideal toning conditions. Several coins toned including Peace Dollars.

Typical Binion toning is usually thick and dark, due possibly to advanced toning accelerated by the storage conditions in the vault. Nevertheless, attractively toned specimens do exist, suggesting that under the right circumstances, highly attractive Peace Dollar toning can occur. The instant coin is an excellent example. It is unquestionably original and possesses very light and vibrant hues of peace, blue, red, yellow, champagne, and green that form a very convincing color progression customary of old silver dollars. Moreover, the toning is delicate and one can even see claims of elevation chromatics on the date. Both suggest that the coin is naturally toned. The coin is a true treat to view in hand. It is unclear why NGC declined to award this coin a star designation.