What is the value of a cleaned/whizzed coin?
relayer
Posts: 10,570 ✭
Say you have a coin that looks as good as a slabbed MS64, yet the surface has been altered.
Using the price guide below, what would the altered coin be worth?
66 - $19,500
65 - $11,000
64 - $3,250
63 - $1,350
60 - $455
55 - $285
40 - $170
20 - $135
8 - $79
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John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
Whizzed? Drop it to 40.
K S
Tom
If the hairlines are very light, but all over the coin, the market grade would be around MS-61, but you would probably have to send the coin to ANACS to get it. If they are heavier and obvious to an experienced collector, you are looking at an AU grade or maybe even EF.
Here's an example. A local dealer had two 1843-C $2.50 gold coins for sale. One was a SEGS MS-63 with a notation, “lightly brushed.” The second was a PCGS MS-64. At first blush the two coins looked identical, but at certain angles you could see some hairlines from 10 to 12 o’clock on the SEGS coin. The PCGS MS-64 sold for over $20,000 very quickly. The SEGS coin was a very slow seller at $6,500. I finally sold the coin for that dealer to another dealer for around $5,000.
These hairlines didn’t amount to much of anything IMO. I would have much rather had the SEGS coin at the asking price than a slider in an MS-63 holder at $10,000. But since the hairlines probably precluded getting the coin into an NGC or PCGS slab the coin was in a SEGS holder and tough to sell.
I just got a whizzed Walker on eBay, slabbed by ANACS...I wanted an actual one as an education piece...it was AU details, but netted an EF 40, so it lost at least 10 points.
That's why I bought a slabber identified as a whizzer....I read all the books but can't say I've really seen one I KNOW to be whizzed. I may have a whole book of 'em and not know it...
<< <i>ANA guide says a whizzed coin can grade no higher than AU 50. >>
Thanks for info. I didn't know that
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The coin has a different look to the surface, sort of a matte finish-it doesn't look like any other Morgan I've seen in it's condition. If you look with a loupe, you can see a smoothing of the edges of any surface imperfections. Everything looks a little too rounded.