Let's say we got all the doctored coins together in one big pile...
Slabbed and raw.
What do we do now?
What do we do now?
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
0
Comments
The void would soon be filled
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
...then let some "treasure-hunter" group find the sunken "treasure" and send it in to NCS...
...they can 'conserve' the coins and then they can be slabbed & marketed as "The Medical Waste Collection"
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
Good question Andy.
When I first read it I thought it would be easy to answer. Then the more I thought about it the harder it became to answer.
Crack'em and sell them for what they are?
With hopes that they don't find their way back into a holder?
win / win situation.
we still retain the coins...and all the truely "un-messed" with coins become more valuable because of lower pops.
I say sticker them, put them on fleabay and flip them.
Lincoln set Colorless Set
Me too!
Sorry,
This solution was brought to my attention. I liked it anyway...
<< <i>The last thing I'd do is destroy them. They may be compromised but they are still collectible coins. >>
Collectible to whom? New collectors who don't know any better? People who call themselves collectors but who want all their coins to be bright white and shiny or unnaturally toned because they think those coins are worth more?
Convincing people these are still collectible coins is how we got the problem in the first place.
Destroy the doctored coins. This lowers the existing population of truly collectible coins - especially key dates - and should increase their value relative to the demand for them.
<< <i>Let's say we got all the doctored coins together in one big pile...
Slabbed and raw.
What do we do now? >>
Put them in a Stacks Sale....Same as always.
<< <i>Slabbed and raw.
What do we do now? >>
Good question as that would involve most of the 18th and 19th century material bought and sold in slabs every day. Definition of most is more than 50%, definition of doctored would include any means used to enhance the coin since it was first minted, including but not limited to dipping, wiping, waxing, laquering, recoloring and any other proprietary technique used.
John
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
<< <i>MidLifeCrisis---You would destroy an 1794 silver dollar because someone lightly cleaned it? You would destroy a 1793 Chain Cent because someone tooled it? I could go on but I'm sure you see my point. >>
Never. Virtually all of them from that period have been messed with, but who in their right mind would toss it?
<< <i>MidLifeCrisis---You would destroy an 1794 silver dollar because someone lightly cleaned it? You would destroy a 1793 Chain Cent because someone tooled it? I could go on but I'm sure you see my point. >>
Fair enough...point taken.
No easy answer...but any answer would begin with full disclosure by the seller, as well as more and better education of collectors.
The obvious problem (and it's been stated many times before) is when that lightly cleaned 1794 silver dollar or tooled Chain Cent is misrepresented and sold to a a collector as an original, problem free coin.
Have most 18th and 19th century coins been "doctored" in some way? Probably. The dealers and TPGs should do what they can to make sure collectors/customers know this up front and to help them identify the obvious problem coins. If more collectors are able to make educated, fully informed buying decisions, the problem of doctored coins in the marketplace would be reduced subtantially, I think.
Step 1: Crack out all the slabbed coins.
Step 2: Photograph each coin.
Step 3: Send the images to the TPGs and ensure that these coins never again make it into 1st tier TPG holders.
Whatever happens after that doesn't much matter.
FDC coins comes to mind!
i gave a perfectly valid remedy for what to do with the coins.....and i've been snubbed?
thats okay mozeppa ...i believe in you!
thanks....uh ....mozeppa....i knew i could count on me....er...you.
I like the piling up of the Coin Doctors better, have ahooka rub em down with coppertone and leave em in the middle of death valley for a weekend...
see what colors they turned as they wander out
<< <i>Thank You, sincerely, Broadstruck, for supporting me in my lonely dyslexia moment. It is kind of you. Respectfully, John Curlis. PS- it would be fun to paint the individuals in question, I think.
I like the piling up of the Coin Doctors better, have ahooka rub em down with coppertone and leave em in the middle of death valley for a weekend...
see what colors they turned as they wander out
<< <i>why give them to kids of course. one for each child. >>
I'm guessing we'll run out of kids before we run out of coins.
Crackout heaven!
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Melt the ultra fugly common stuff (like the "MONSTER TONED" Morgans they sell on ebay) >>
Or you could just dip them. Some may look fine while others may be dull and lusterless looking. Just sell those as junk silver.
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
Of course I realize this is wishful thinking in the extreme, but a guy can dream. Right?
<< <i>The solution is really very simple. The stuff shouldn't have been holdered to begin with. What's been holdered needs to be unholdered, and all of it needs to be kept out of holders going forward.
Of course I realize this is wishful thinking in the extreme, but a guy can dream. Right? >>
Even when the toning is market acceptable?
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
That will be a big pile.
The answer is obvious.
First they get cracked out. Second they get conserved. Third they get reslabbed with a "discovered treasure/shipwreck" pedigree of some sort.
K
My 1866 Philly Mint Set
<< <i>Slabbed and raw.
What do we do now? >>
1) Melt them......or......2) Shoot them into space.
<< <i>First thought:
Even better than my first two ideas.
<< <i>MidLifeCrisis---You would destroy an 1794 silver dollar because someone lightly cleaned it? You would destroy a 1793 Chain Cent because someone tooled it? I could go on but I'm sure you see my point. >>
Destorying historical coins punishes true collectors, not the doctors.
i agreee with dipping the AT coins (even tho on mos of those coins, dipping will NOT remove the fugly toning), but I say take it a step further for all of the coins in the pile - use a laser to micro-etch the coins as doctored and then sell them for what they are. the TPG's could easily scan for the micro-etching and BB any coin that came in with the label. then the TPG's could join in on the micro-etching and before they BB a coin, mark it as such.
just my humble and worthless opinion.
Total Copper Nutcase - African, British Ships, Channel Islands!!!
'Do not meddle in the affairs of dragons, for you are crunchy and taste good with ketchup'
Buy more Ferraris with all the profits.
Only half kidding.
<< <i>OK, I'll play along with the OP's fanciful scenario.
Step 1: Crack out all the slabbed coins.
Step 2: Photograph each coin.
Step 3: Send the images to the TPGs and ensure that these coins never again make it into 1st tier TPG holders.
Whatever happens after that doesn't much matter. >>
I agree completely
Sunshine Rare Coins
sunshinecoins.com/store/c1/Featured_Products.html
<< <i>
<< <i>why give them to kids of course. one for each child. >>
I'm guessing we'll run out of kids before we run out of coins. >>
I'll take two
Sunshine Rare Coins
sunshinecoins.com/store/c1/Featured_Products.html
hi, i'm tom.
i do not doctor coins like some who post in here.
edit to add "as bullion".
``https://ebay.us/m/KxolR5