Thoughts on a 1795 $10 UNC details?
jclovescoins
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Thoughts on this coin up for auction at Heritage in April? Any idea of value and/or final hammer price? (I know what problem free pieces bring).
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Me personally, I’d rather pass then buy an uncirculated details coin. Looking through Coinfacts I see several AU details coins that have sold for ~$25,000. I’ve never purchased a details coin before but I’m guessing it’s problematic when you try to sell it.
I have a couple details coins and really enjoy them. As long as they are eye appealing and priced appropriately, I’m okay with them. I’m not sure what this will go for but I wouldn’t mind this coin at the right price.
$50-70k. I like this piece better than a harshly cleaned piece.
Latin American Collection
The best way to decide on a "Details" coin is to imagine trying to sell it when it begins to bother you.
HA auctions usually realize top dollar, so it will be a challenge to get it reasonably.
Several years ago, I bought a few impaired early Eagles and Half Eagles, noting how inexpensive they are relative to "problem free" coins. I didn't lose my shirt when selling them but I did take somewhat of a loss on most of the coins. The advice I received was: if someone can afford to spend $30K on a coin, they can probably spend $60K on a very nice example of that type. I've taken that to heart and my collection is better for it.
Was the loss much larger than the return on problem free coins? Many people have a loss when selling problem free coins as well.
I bought a 1800 $10 in lower details grade for $10k, later someone offered $16k so I sold it. It won't sell cheap. If I have more money I would bid on it, how often can you get unc 1795 coin?
Yes, I took an overall loss on the problem coins. I've also taken a loss on problem-free coins but there are fewer buyers for higher end problem coins overall. I happened to find one person who took most of mine or I feel I would have ended up taking a much greater loss. Also, I'll add that a light cleaning is one thing but tooling/repair are an entirely different beast.
The trouble with problem coins that are marked as such is that they lag behind the no problem coins where the prices increase. They might go up in price, but usually it won't be as much on a percentage basis as the no problem coins.
And as someone else noted, you are not dealing with collectors who are worried about their next meal when you consider the purchase of a coin like this. It's going to be well into the five figures, no matter what. Most collectors who are into markets like this prefer to spend more and get the no problem coin.
I was thinking 30,000 to 50,000 and probably on the lower end. There have been a lot of AU details auctioned, and this one is not markedly superior from the nice AU details coins.
That is a coin I would love to own if I had the money. To my untrained eyes, it looks like a really nice UNC coin with no obvious work.
If I were to invest in such a coin, I would not buy a details graded piece. I am not a dealer, so resale is not an interest - though detail coins are always tougher to move. If I am to invest five figures in a coin, it will be solid for the grade, no details or obvious detracting points. Cheers, RickO
Using the magnification feature, I think that the tooling involves more than "above the left wing of the eagle." I think that there is work within the wreath that the eagle is holding as well.
Bid it up to 40,000 (with BP)...but that was my max...already outbid. Think the coin is a good value at 40K but not anything over 50K. BillJones is right...looks like there is more tooling.
Sure did a nice job tooling.
You could take a chance by wearing it down to AU55-58 and hope the tooling goes away.
$40k currently. Nice looking coin even with the repair. This is far from my series or my comfort zone though.
Collector, occasional seller