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Rule of Thumb on Genuine Key Dates--prices

KaelasdadKaelasdad Posts: 1,232 ✭✭✭
in U.S. Coin Forum
I have come across several key date coins, and of course, if they arent slabbed, you always worry about authenticity--but once slabbed, you can either look up comparable values on PCGS or auction sites, but what is the consensus on a key date that has a genuine label attached to it--either cleaned, or color issues, damaged--is it a 10%, 25% or a complete drop in grade...whats the thought process? For example, I have an 1893 S Morgan, cleaned--without the cleaning, its a $5,000 coin--but whats reasonable with a cleaning?

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  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭


    << <i>I have come across several key date coins, and of course, if they arent slabbed, you always worry about authenticity--but once slabbed,(((insert authenticate slab here))) you can either look up comparable values on >>

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  • tightbudgettightbudget Posts: 7,299 ✭✭✭
    There's no set rule as to how much a coin's value drops for cleaning, damage, etc. It's on a case by case basis.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,540 ✭✭✭✭✭
    image

    Rule of thumb: If it's a genuine holder, thumb thing went wong with coin. image
    Finding a buyer is as easy as getting a gold bean from CAC.

    ``https://ebay.us/m/KxolR5

  • PerryHallPerryHall Posts: 46,773 ✭✭✭✭✭


    << <i>Rule of thumb: If it's a genuine holder, thumb thing went wong with coin. image
    Finding a buyer is as easy as getting a gold bean from CAC. >>



    That coin would be very easy to sell to someone on a budget looking to fill a hole in an album if it were priced right. If you are having trouble selling it, put it on eBay and someone will buy it at its market value.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
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  • GreeniejrGreeniejr Posts: 1,321 ✭✭✭
    It all depends on what the problem is, what the basal value of the coin is and what the chances of it one day being in a problem free holder. A coin that is severely damaged, holed or bent typically will take the biggest hit. Whizzing and polishing can be big hits though I have sold some SVDBs on eBay in Details/Whizzed holders for near problem free levels because I am sure the person will mess with them and sell them for more. Depending on the severity, a scratch can be a huge subtraction and a small one that is well hidden could sell pretty close to problem free money. Lastly a coin that is cleaned is considered the least problematic and at times the coin can end up in a problem free holder. That means that likely sells for strong money.
  • AMRCAMRC Posts: 4,280 ✭✭✭✭✭
    Easy to sell a details graded coin, especially better dates and such. I sell them on Heritage and eBay all the time. I sold 3, 89-CC Morgans that way. Everyone knows the problem and so everything its on the Up and Up. They were still fine for a Dansco and were AU coins that someone thought could use a cleaning. Rule of thumb on pricing? Two grades back is s good place to start.
    MLAeBayNumismatics: "The greatest hobby in the world!"
  • RedTigerRedTiger Posts: 5,608 ✭


    << <i>There's no set rule as to how much a coin's value drops for cleaning, damage, etc. It's on a case by case basis. >>



    Yup. However, the wholesale rule of thumb is a steep discount. Retail is all over the place, and at true auction depends on the small group of buyers for the material showing up. Many collectors don't want them (see the Goldbully thread on Genuine holders), so demand is thin and the coins are much harder to move. Wholesale bids reflect that and might be half of average auction prices because of the difficulty in selling them, where a market acceptable coin of the same date/mm might be 80% of average retail.

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  • RYKRYK Posts: 35,799 ✭✭✭✭✭
    There are no rules. It really depends on the extent of the problem. All problems are not alike. I mild cleaning would be worth more than a holed and badly scratched coin, so how could you possibly assign a universal value?

    The coin in Twosides post is so repulsive that there is no value or number that is low enough to get me interested. If it were a meaty coin with a well-hidden scratch, I might be very interested.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
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  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Simplest rule I can think of is "Most buyers don't want them."
    image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • GreeniejrGreeniejr Posts: 1,321 ✭✭✭


    << <i>Simplest rule I can think of is "Most buyers don't want them."
    image >>



    Ummm no? Maybe in your world that might be the case, but in the numismatic world in general there is a lot of demand for them.
  • BaseballAbsBaseballAbs Posts: 2,621 ✭


    << <i>

    << <i>Simplest rule I can think of is "Most buyers don't want them."
    image >>



    Ummm no? Maybe in your world that might be the case, but in the numismatic world in general there is a lot of demand for them. >>



    I agree, if the price is right, they will sell like hot cakes.
    Winner of the "You Suck!" award March 17, 2010 by LanLord, doh, 123cents and Bear.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    If its cheap enough someone will buy it and maybe even try and resubmit for a grade
    Successful Buying and Selling transactions with:

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  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Simplest rule I can think of is "Most buyers don't want them."
    image >>



    Ummm no? Maybe in your world that might be the case, but in the numismatic world in general there is a lot of demand for them. >>



    I agree, if the price is right, they will sell like hot cakes. >>



    Well I guess that is true. Got any harshly cleaned Key dates your willing let me have for face?image
    image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794

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