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Do/would you buy Details coins?

jphendrenjphendren Posts: 75
in U.S. Coin Forum
I've noticed quite a few "details" coins for sale since I got back into the hobby. I have shied away from them so far, but have found some nice looking coins that I would like to have. Would you buy a "details" graded coin if the price is right? Say the coin is unc details for cleaning, how much would discount the coin? It may allow me to buy better coins for money I can afford if it is worth doing.

Jared

Comments

  • LanceNewmanOCCLanceNewmanOCC Posts: 19,999 ✭✭✭✭✭
    .
    most of the difference of details coins and graded ones is what day of the week they were submitted.
    .

    <--- look what's behind the mask! - cool link 1/NO ~ 2/NNP ~ 3/NNC ~ 4/CF ~ 5/PG ~ 6/Cert ~ 7/NGC 7a/NGC pop~ 8/NGCF ~ 9/HA archives ~ 10/PM ~ 11/NM ~ 12/ANACS cert ~ 13/ANACS pop - report fakes 1/ACEF ~ report fakes/thefts 1/NCIS - Numi-Classes SS ~ Bass ~ Transcribed Docs NNP - clashed coins - error training - V V mm styles -

  • KoveKove Posts: 2,038 ✭✭✭✭
    Not all details coins are created equal.

    Some can be re-submitted right away and get into a straight holder. Sometimes certain surface marks are construed as tooling, other times they're taken for contact marks. The line on questionable color is constantly moving. Light hairlines can be viewed as cleaning by some, or from handling or circulation by others. Lightly cleaned coins might just need to spend a little while in a kraft envelope to make them acceptable again.

    Details holders with serious issues are usually a tough sell, unless it's a rare date or variety. If a coin is scarce enough, there is always demand at the right price, problems or not.
  • BillJonesBillJones Posts: 34,813 ✭✭✭✭✭


    << <i>.
    most of the difference of details coins and graded ones is what day of the week they were submitted.
    . >>



    That is a bit of an over generalization. Yes, some "details" coins are boarder line pieces and can grade sometimes and not at others. These are sometimes the pieces were you scratch you head and wonder, "How did THIS coin get into a (graded) holder?" The defects on most these coins are usually quite obvious at least to those of us who have been around the block a few times. And no, I usually try to avoid buying them.

    There was an exception to this in the most recent Heritage FUN auction. I was "sort of" shopping for an 1855-D gold dollar. There was a piece was listed as "mount removed" in the sale that had a truly wonderful strike on the reverse. Usually these coins are very weak in the center with a poorly defined date and "LL" missing from the word "DOLLAR." When the Internet bids were below $2,000 I really looked at this coin. Ultimately it sold for $4,846.88 (hammer price $4,125.00) so I was out.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • crypto79crypto79 Posts: 8,623 ✭
    One of my favorite coins; PCGS Gen
    image
  • jphendrenjphendren Posts: 75
    The particular coin I'm looking at is a 1907 $10 Indian. It is in a NGC unc details holder for obverse cleaning. The coin looks beautiful, there are a couple very light hairlines, but that is it. I've wanted a 1907 $10 Indian for quite some time, if I could get this coin for a decent price I wouldn't mind owning it. The coin is nearly mark free otherwise. I would say MS 63+.

    Jared
  • stmanstman Posts: 11,352 ✭✭✭✭✭
    A lot of coins you might see in detail holders now are ones that might have graded all the time in the past, and just silently net graded down a bit.
    Please... Save The Stories, Just Answer My Questions, And Tell Me How Much!!!!!
  • DennisHDennisH Posts: 14,011 ✭✭✭✭✭
    I have before (rarely) and I would again, but I'm extremely selective.
    When in doubt, don't.
  • BillJonesBillJones Posts: 34,813 ✭✭✭✭✭


    << <i>The particular coin I'm looking at is a 1907 $10 Indian. It is in a NGC unc details holder for obverse cleaning. The coin looks beautiful, there are a couple very light hairlines, but that is it. I've wanted a 1907 $10 Indian for quite some time, if I could get this coin for a decent price I wouldn't mind owning it. The coin is nearly mark free otherwise. I would say MS 63+.

    Jared >>



    I would think long and hard about that one. The 1907 No Periods (the common variety which I assume you are considering) can be had for some attractive prices. It is not a "main stream" coin that a lot of collectors are chasing as oppsed to the "With Motto" pieces. If MS-62 or 63 is your grade, I'd look at one of those before I bought a "details" example of that issue.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,615 ✭✭✭✭✭
    I buy them all the time. I even get a few in "details" holders, spending my own money. It's a sickness, brothers.

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

  • JJMJJM Posts: 8,089 ✭✭✭✭✭
    nope
    👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37,Waverly, justindan
  • COALPORTERCOALPORTER Posts: 2,900 ✭✭
    Would you buy a "details" graded coin if the price is right?

    It depends on the coin and the problem. If you like the coin then dont worry about
    the holder, but beware if you plan on selling it- even along time latter. Most dealers
    buy the holder, not the coin. But you could sell it direct and be okay.
  • sniocsusniocsu Posts: 1,291 ✭✭✭
    I would and definitely do buy details coins. Certain coins are nearly impossible to get in non-details graded holders.
  • ajmanajman Posts: 1,359 ✭✭✭
    As a matter of personal preference I do/would not buy details graded coins, but depending on the series or type of coin I can see where some collectors would do so. There are just too many other coins to buy that are not problematic for me personally to collect instead of buying a details graded coin.
    Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
  • LakesammmanLakesammman Posts: 17,460 ✭✭✭✭✭
    Sure would - many of them end up in "real" holders eventually. image

    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • WalkerfanWalkerfan Posts: 9,747 ✭✭✭✭✭
    I would never buy a problem coin in a million years----not even a key date.

    Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍

    My Full Walker Registry Set (1916-1947):

    https://www.ngccoin.com/registry/competitive-sets/16292/

  • mozinmozin Posts: 8,755 ✭✭✭
    There are lots of coins that I want to buy, but I can't because I do not have enough money. That is why I never bother with Details graded coins.
    I collect Capped Bust series by variety in PCGS AU/MS grades.
  • crypto79crypto79 Posts: 8,623 ✭
    I for one would rather have a complete collection then some self imposed grading standard based off of other peoples ideas on what constitutes quality. Life and History aren't always perfect, they are still representatives of what they are and if it is the best I can get then so be it.

    Now if my main motive was investment, I would never ever touch a problem coin with a ten foot poll.
  • crypto79crypto79 Posts: 8,623 ✭
    Recently (enough) discovered Circulation Strike Transitional Obv Coin, Find a better one?

    image
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    At the point I'm at I will pass on them.
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>.
    most of the difference of details coins and graded ones is what day of the week they were submitted.
    . >>


    That's baloney. Yes, there is some overlap between the "Grades" and the "No Grades" at the margins, but not all problem coins are okay depending on the day of the week, and not all okay coins are problem coins on some days of the week.

    I have purchased and will continue to purchase "Genuine" coins under certain circumstances and for certain opportunities. Hint: it will not be for a typical 1924 Saint.

    Without cheating, which is graded and which is NG?

    image
    image
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • BillJonesBillJones Posts: 34,813 ✭✭✭✭✭
    Id say the first one graded and the second one didn't. I've never seen an original gold coin with surfaces and color like that combined.

    Of course I've seen some wonderful things done with Iodine, so I guess I could be wrong. image
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>Id say the first one graded and the second one didn't. I've never seen an original gold coin with surfaces and color like that combined.

    Of course I've seen some wonderful things done with Iodine, so I guess I could be wrong. image >>


    The first one is the no grade and the second one graded (and CAC'ed)...
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,428 ✭✭✭✭✭
    I own none and don't expect to purchase any.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • PerryHallPerryHall Posts: 46,848 ✭✭✭✭✭


    << <i>

    << <i>Id say the first one graded and the second one didn't. I've never seen an original gold coin with surfaces and color like that combined.

    Of course I've seen some wonderful things done with Iodine, so I guess I could be wrong. image >>


    The first one is the no grade and the second one graded (and CAC'ed)... >>



    What's wrong with the first one? Old cleaning?

    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

  • RYKRYK Posts: 35,800 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Id say the first one graded and the second one didn't. I've never seen an original gold coin with surfaces and color like that combined.

    Of course I've seen some wonderful things done with Iodine, so I guess I could be wrong. image >>


    The first one is the no grade and the second one graded (and CAC'ed)... >>



    What's wrong with the first one? Old cleaning? >>


    Slight bend. You see the planchet somewhat buckled near the star.
    My Box of 20: https://pcgs.com/setregistry/collectors-showcase/box-20/ryks-gold-box-20/17132
  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭
    I'm with Crypto79 some of my favorite varieties are in details holders. If a coin is really hard to get....you take what you can find.

    I would probably never buy a common coin in a details holder....just wait for a nice problem free one to come along.

    Also, some of the coins in details holders are nice coins and should be in graded holders........to me.

    And some coins that are in graded holders should not be........to me. image
  • s4nys4ny Posts: 1,573 ✭✭✭
    I have a 1852 Double Eagle PCGS Genuine 95 (scratched) which I bought for 5% over melt.



    image



    image
  • CrackoutCrackout Posts: 1,375 ✭✭✭✭✭
    I've considered buying a details graded Early American Copper type, but so far I haven't pulled the trigger on one. A details holder at least shows it is authentic and a lot of the early copper coins have some kind of issues.
  • OverdateOverdate Posts: 7,159 ✭✭✭✭✭
    << Do/would you buy Details coins? >>

    Yes, I definitely like my coins to have details. image

    My Adolph A. Weinman signature :)

  • BaleyBaley Posts: 22,663 ✭✭✭✭✭
    I've bought a few; only when a "problem-free" coin with important details was unaffordable, and my only other options were to get one excessively worn, or to continue to do without

    I don't think I would ever buy a details coin if nice examples of it were readily available and cheap.

    For example, I've got a 1797 13-star half dime with a hole and a 1796 dime with some damage, also 1805 B-5 and 1806 B-7 quarters, the first holed and plugged, the second with a scratch, but they're tough coins in any grade, how many collectors have one at all, much less in a graded PCGS or NGC holder?

    Liberty: Parent of Science & Industry

  • 19Lyds19Lyds Posts: 26,492 ✭✭✭✭
    Yes. Especially if its a coin I would like to own.

    After receiving the peice, I'd try to judge on whether or not the "details" grade was actually warranted. For example, a "details" because of cleaning, is only an opinion but a "details" because of a huge scratch across one or both surfaces is absolute. Cleaning, I may take a chance on but a scratch I probably would not.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • TennesseeDaveTennesseeDave Posts: 4,809 ✭✭✭✭✭
    I don't recall ever buying a coin already in a details only holder,but have 1 or 2 that are from my personal submissions that I like.One is an 1874-P Trade $ thats AU and chopmarked(Genuined for surface damage) Its a fairly scarce coin chopped and I believe it might grade the next time it is submitted.
    Trade $'s
  • LakesammmanLakesammman Posts: 17,460 ✭✭✭✭✭
    Several of us were looking at PanPacs at the FUN show - one was NGC 62, the other PCGS Genuine. They sold for the same price. None of us could figure out why the PCGS coin wasn't graded higher than genuine.
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.

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