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Should CoinFacts list details-graded coins in their price history?
EagleEye
Posts: 7,676 ✭✭✭✭✭
I was looking up some prices and noticed some auction records reported for details-graded coin. Is it appropriate to list cleaned and problem pieces in the auction records with wholesome coins? Seems to me it will lower the market value.
There is no way to tell other than going to the actual auction to find out that it is a price for a problem piece.
There is no way to tell other than going to the actual auction to find out that it is a price for a problem piece.
Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
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Comments
merse
The trouble with details graded coins is that there are no hard and fixed rules about price and preservation. For example there is a very rare Sheldon variety of 1798 cent. The finest one known has EF sharpness, but has a huge scratch in the obverse field. The next one down would grade a stright VG or Fine. What do you call the piece with the big scratch relative to the second finest known piece?
I see it could be a problem on some coins..........
CN eBay
All of my collection is in a safe deposit box!
Latin American Collection
<< <i>Yes, and I think they should be in the pop report somewhere too. >>
<< <i>There is no way to tell other than going to the actual auction to find out that it is a price for a problem piece. >>
That's the problem. While knowing these values is worthwhile, especially for rare issues or those that are typically not wholesome, I'd prefer that these prices realized either be segregated from those for wholesome coins, or be filterable so that you can turn them on or off.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars
<< <i>I'm in the NO camp. Pricing is too dependent on why it was coded >>> and too many of the coins end up out of the shell as soon as they sell. >>
Agreed. My guess is a majority get cracked out and sold raw. "Old cleaning long ago..."
Would be a mess.
-Ron
<< <i>I would like to see details graded coins marked with an asterisk in the auction records also. >>
ditto.
Otherwise, they shouldn't be listed at all.
Website-Americana Rare Coin Inc
Given the wide variety of coins (and corresponding values) in details holders, I think including those results is much more likely to confuse and mislead than it is to help.
Coin Rarities Online
An informed collector is a better collector.
For example:
"I see you have a coin listed for $3,000, but the two recent auctions on CoinFacts show them selling for only $1000 to $1300" "I'll give you $1200."
or turn it around
"I can only pay $1,200 for that coin you say is worth $3000. Here look at the recent auction prices, $1000 and $1300".
<< <i>My take is that it will more often than not be used to show someone what prices for a certain coin sells at auction without disclosing that the auction date used is for a problem coin.
For example:
"I see you have a coin listed for $3,000, but the two recent auctions on CoinFacts show them selling for only $1000 to $1300" "I'll give you $1200."
or turn it around
"I can only pay $1,200 for that coin you say is worth $3000. Here look at the recent auction prices, $1000 and $1300". >>
Either of those scenarios simply force (i.e. provide an opportunity for) the dealer to educate the potential buyer by showing them the difference in the coins.
potential for large price differentials causing confusion.
<< <i>I think it should be obvious that a listing is for a details-graded coin and that it should be looked at more carefully. Perhaps put an asterisk by details-graded coins, or make the font italicized or red. >>
I agree with you. Details-graded coins should be listed, but they should be clearly marked as such.