How important is the condition of a rare coin?

david214

Hi collectors,

I am curious how much of a ding in value would the condition of a rare coin be? For example, lets say I currently own or stumble upon a super rare coin but its not in perfect nor "great" condition. Would its value be substantially less although incredibly rare? If so, by how much % more or less?

E.g., perfect condition 100% value, good 85% value, so-so 40%? 30%?

Insider2

Hard to answer. The closer a coin gets to super rare and very desirable, the less its actual condition affects its price. Look up the thread on the 1804 dollar auction. Folks can see it has problems and is easily over-graded yet it does not matter.

JasonGaming

It would really depend on the coin and grade.

david214

Very interesting @Insider2 , do you think as a new collector such as myself getting a bargain on rare coins would be a better bet than investing in common coins at fair prices? I appreciate the reply, thank you.

Insider2

@david214 said:
Very interesting @Insider2 , do you think as a new collector such as myself getting a bargain on rare coins would be a better bet than investing in common coins at fair prices? I appreciate the reply, thank you.

There are NO BARGINS in rare coins - especially for a beginner!

Now is you want some answers from folks who buy and sell coins, tell them what the coin is and post an image!