UNC Details Graded Gold Coins
SilverEagle1974
Posts: 139 ✭✭✭
What is the concensus on PCGS Details graded gold coins ?
Namely, UNC details grade.
I know they are still worth the weight in gold, but beyond that. is there a negative feeling for them ?
Chris
0
Comments
Only if it is a rare key date coin I would accept details grade: cleaned, scratch, rim ding, bent.
Otherwise I would never buy problem coins because value is only about 30-40% of list value. Yes it is really that low. Nobody wants problem coins they are hard to sell.
In Europe it is annoying because European dealers do not know about details grade or ignore it and they sell loose rim ding coins for same price as problem free coins.
Imagine writing to a long term old school German coin dealer that his loose coin has rim dings and hits so he absolutely can not sell it for red book list price
I have tried it and they get angry.
Damaged coin is not same as undamaged coin.
Generally, I would not buy a details (damaged) coin.... I qualify that a bit by saying a very minor rim ding 'might' be acceptable... depends on the rest of the coin. Cheers, RickO
Well not with most gold coins, because most of the value for those is in the gold. A details gold loses a large chunk of its numismatic value but except for the early/rare stuff or super high grades, melt IS most of the value. And in a slab they go for a fair bit over melt, even in details grades.
For common pre-'33 gold? They're losers.
In honor of the memory of Cpl. Michael E. Thompson
Depends on the coin. I picked this one up on the cheap because of a minor repair at the 4 oclock obverse. Without that this coin would be worth way more than i could ever pay.
When I see details, I quit looking.
It’s more a question for an experienced problem coin dealer. As I don’t buy details coins not a concern for me.
I had a problem coin dealer setup next to me once. He did a booming business. My take people buying these to crack, put in their albums. He had one fantastic sale of like $3600 on a key date problem (details) slabbed coin. Of course that price was discounted vs the problem free price.
He told me he would pick them off Teletrade - he knew what he could get for them on the bourse at shows. If raw the problem described.
When I do buy a "problem coin", very good chance it is both rare/unusual/hard to find and heavily discounted to the point where it is a bargain even as a problem coin.
Common date gold? Just keep looking.
"You can't get just one gun." "You can't get just one tattoo." "You can't get just one 1796 Draped Bust Large Cent."