Scratches... Yield what type of percentage discount?
Broadstruck
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If you saw a coin which was rare that had a couple scratches what should it sell for percentage wise compared to a example without?
Lets say overall it's still a great looking coin if you can look beyond the damage.
Lets say overall it's still a great looking coin if you can look beyond the damage.
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RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Are they scratches or die polish lines?
Post mint damage gouged.
That depends on the sharpness. If the piece is well worn, scratches are more acceptable.
CH BU extremely well struck for the issue.
At least 50% if the gouges are in a prime focal area.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
Got it. ChBU, PMD-gouged. Weeeell...knock of enough $$ to buy a couple of bottles of wine to help you 'get in the mood' for viewing that one.
Scratches are in the field only...
The coin isn't coyote ugly that you need to be drunk to view it
How long and deep, where they are, how distracting, etc.
Got it. ChBU, PMD-gouged. Weeeell...knock of enough $$ to buy a couple of bottles of wine to help you 'get in the mood' for viewing that one.
Scratches are in the field only...
The coin isn't coyote ugly that you need to be drunk to view it
No but the morning after you buy it you might want to chew your arm off for doing so
Coin Rarities Online
For me, the presence of the right (i.e. wrong) scratches would relegate a coin to the 'pass' category, so attempting to calculate the appropriate % discount vs an unscratched specimen is merely an academic exercise that has no basis in collecting reality.
I agree, but such an exercise would be very much in keeping with many of the comments I read on this Forum. I would like to see an image of the coin (token?).
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
You will never regret not buying a damaged coin.
With that said, damaged rarities trend downwards not just now, but historically. As such, I would not be necessarily interested in a post-struck damaged example that was on par for the variety.
Now, if it came to a variety where there was only 1-5 known, it may be a different story, but I would have to ask.......what is rare from you original thought.
Do not buy it.
You will never regret not buying a damaged coin.
That depends. Sometimes the desire for completeness trumps one's sense of aesthetics.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
I would say anywhere from 20-40% based on graded vs. non graded because of the scratches.
Scratches that can be called gouges on a BU coin? I think you will end up needing a 60-80% discount. And even then you will have to search for the right buyer.
The coin would be a pass for me but if you want a hypothetical answer from me:
I'd say about 50 percent.
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Could you get past it? Would you move on? Would you pay up or expect a significant discount?
Lance.
I have no problem buying damaged coins. They're an easy sell.
Especially better date damaged stuff. In/out a couple hours after the show starts.
Everyone who does the "major" show circuit can think of two guys who deal mostly in nothing but damaged stuff, and traffic at their tales is usually 2-3 deep, and they have been prospering for years.
To keep a coin for a collection might be a different deal, but really, if you lose sleep over a scratch on a coin, you should feel blessed because you have a really good life if that is all that's keeping you awake at night.
Whoever is careless with the truth in small matters cannot be trusted with important matters.
Problem free
field scratch
Why don't you post a pic of the coin? Might be fun to see how people feel.
Ikeiwing, The toning and rarity of that half trumps the old scratch! That is one of the rare exceptions where I think it is worth full grade. Without the scratch it would be a coin you grade in dollars not details!
I've been glancing at this for a while and it's a "Wow" coin until you see the issue then it's a "What a Shame" coin
I'm not posting a photo as I'm still pondering it
However if you all want to see it I'll set up a GoFundMe donation account under Medical for "reattaching my arm after I chewed it off the morning after" and will purchase it once the goal is meet
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
I'll attempt to buy at a steep discount.
It's with a mindset if/when I can improve my collection... flip and move on.
Is it the first thing you see, or is it something you have to search for a little bit before finding the problem?
Are the scratches old and under toning? Or are they fresh?
Is it a larger coin or a smaller coin? A scratch on a half dime is much worse than similar scratches on a half dollar or a dollar.
I usually deduct something between 1 and 70 points for scratches, to arrive at a net grade I think fair for that particular coin.
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry