Key date coins that are harshly cleaned
Coin Finder
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So what is a 1928 p peace dollar worth if it is harshly cleaned . Let’s say a vf coin, where would you want to be as s buyer?
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Half or less than VG Bid! It would be different(a lot more) if you used a key date Bust or Seated Liberty for example!
I don’t want something that has been harshly cleaned. In that case I buy problem free material in my budget area.
If you need that to fill a hole I understand. Check auction history on similar items.
To me the value would be about 2 times the melt value on something like that.
How low can you go? Problem coins just make someone else's problem your problem. Do you really need another problem?
Not for me at any price.
At the internet auction sites, Details coins run about half of the price of a straight graded piece.
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
pass
If the price is right, buy it.
This is something that only experience will tell you.
I did not start off in this business to buy and sell junk, but I have found that junk and "crap" is much easier (for me, anyway) to move and profit from than superb gem rarities.
If I go to a show with a box of crap it will certainly be gone before the show is over.
But the gem material will be gathering dust.
Everybody wants to think they're getting a deal.
Bad example. If it were harshly cleaned I would assume that someone removed the S mintmark from a 1928-S Peace dollar and the harsh cleaning was used to hide the alteration. Most key date coins have been heavily counterfeited and sometimes counterfeiters will harshly clean coins to hide their origins and to make them more difficult to authenticate.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Thanks all!!
It all depends on the price.
Everything in the world, coins included, have a base value and if you can purchase it under that
base value you are ahead of that deal. Whatever that deal is.
Would I buy a 55 Gullwing Benz if it had a dent on the fender....you betcha I would.
It weights right and is the right dimensions... is it a proof? Is it real? Thanks!
I think we are in a worse than usual market for details coins. I have bought some R5 details coins a lot cheaper in the last year or so than they used to be.
Damn. I wish I could afford to buy one with a fender dent. Can I trade you for some bust halves?
Lance.
In my world clean is not in.
I would just pass.... Not worth getting a poor coin, unless a super rarity....Anymore, I just buy coins I like. Cheers, RickO
Sorry, but I think that’s way too broad of a statement to be accurate. It depends on a number of factors, including the details grade, itself, the problem(s) that accounted for the details designation and the value of the coin the next grade and next couple of grades lower, if straight graded.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Damn. I wish I could afford a dented fender. Can I trade my pocket lint?
In respect to the OP, AG-G price for that coin in particular. Rare(r) coins may command a higher premium because the may be far fewer coins in that grade range but have a higher demand to collectors who can't afford a straight graded one. Example: you're not gonna get a vf details 1794 dollar at AG price. If you do, you're likely getting ripped off.
To @MFeld 's point, here is an R6 that, straight-graded, is an $8,000+ coin. It sold for $302.
Lance.
The 1885-CC Morgan is a $600 coin in MS64 and $300 plus in virtually any condition, including harshly cleaned.
BTW, GC has a monster MS68 up tonight.
Same for me, except I would be a buyer at melt.
I don’t believe I’ve seen a harshly cleaned coin offered.
Usually says lightly cleaned long ago.
Harshly cleaned (and described as such) Morgans can be found here...
https://www.ebay.com/dsc/i.html?_sacat=0&LH_TitleDesc=1&_udlo=&_udhi=&_ftrt=901&_ftrv=1&_sabdlo=&_sabdhi=&_samilow=&_samihi=&_sadis=15&_stpos=83653-1093&_sop=12&_dmd=1&_ipg=50&_fosrp=1&_nkw=morgan+harshly&_in_kw=1&_ex_kw=
Cheap is not cheap enough.
You're right, of course, the price of a coin depends on many factors. Thanks for stating the obvious.
LIBERTY SEATED DIMES WITH MAJOR VARIETIES CIRCULATION STRIKES (1837-1891) digital album
You’re most welcome. I prefer the obvious, to overly broad statements, which are frequently incorrect.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
True, but that's a bit more egregious than "harshly cleaned".
I can put a perspective on this. I sold a PCGS AG3 that you couldn't even see the leaf on for over $1,000.
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