1935 Arkansas half dollar Discussion Closed
Matthew17
Posts: 76 ✭
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Just picked this up for $80 I thought it was a fair deal. What do y'all think.
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This discussion has been closed.
Comments
I’m not sure whether or not the price was good or bad, but I’d be afraid to purchase it because it will be hard to sell it to someone else with the “cleaned” noted on the slab like that if you ever want to sell it.
Mr_Spud
I like it, especially the reverse’ I don’t really care if comments are cleaned because I collect them for the designs, not to flip..
Everything has a price. If you like it at that price, not a problem. It's supposed to be fun
I agree with that, but sometimes I like to upgrade and sell off the old one.
Mr_Spud
Not for me. Prefer MS64 or higher.
It wb hard sell. A good example of MS60 Details coin though.
With CPG $112 for MS60, $128 MS64, $136 MS 65 (what a buy opty!) why not go for a MS65 coin? A nice MS65 of this issue is a coin I can easily retail.
Don’t get it y recruiting 1 star player when u could get 4 or 5 star player.
I am wary of impaired coins but it is a good looking coin so if you know what you are getting into and are happy with it then I say well done.
In my opinion that is a bad deal on your part.
This is a common coin (ignore the original mintage and instead focus on extant pieces) and one that is typically found in choice mint state grades for very little more than what you paid for a cleaned example. I don't know how bad the hairlines are throughout the entirety of the coin, but that obverse has been abused.
In honor of the memory of Cpl. Michael E. Thompson
That coin is about as illiquid as can be. Some coins have all the bells and whistles, some have all the warning signs. This is the latter.
Latin American Collection
Sometimes cheap is not cheap enough. That is the case here.
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You asked what we thought.
As usual, Tom offered excellent feedback.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I actually like these type of coins I don't care if they have been cleaned. They are in my budget.
If you crack it out, it won't be un-cleaned... but... it won't "say" cleaned at least. I like the design, and it is something you'll never find in change. Enjoy your new coin Matthew17!!
Heavily hairlined by cleaning. Someone else's problem is now your problem. Don't buy problem commemoratives. The "market" does not want them. The "market" for the classic commemoratives is weak enough as it is.
But at least you bought it knowing it was cleaned, if it had been sold to you for even a higher price as a problem free coin you might have been really disappointed if someone later pointed it out as being a problematic coin. I think a lot of newer collectors get turned off and quit collecting if someone rips them off by not disclosing a problem and they find out later when they show it to other coin collectors. With this one you can enjoy it because you like it and you can also study it with a magnifying lens and get good at detecting cleaned coins. Then, if someone tries to sell you a cleaned coin without disclosing it was cleaned you won’t be as likely to get ripped off.
Mr_Spud
Pass
If you are buying it to flip, you lose. If you are buying it for your collection, you win. Buy what YOU like, my opinion means nothing. And i think that a whole collection of coins cleaned in MS60 would be kinda neat.
But then again, how many MS 60 coins do you see? I don't think you could put a whole set of these together in MS60. JMHO
If you like it then that's all that really matters. I realize that you are on a budget, but in the future I would suggest that you save your money a bit longer and buy better coins. There's no hurry.
We are a blunt group.
BUT, if you like it at that price that is GOOD ENOUGH.
Personally, I would have liked that coin better at $65 or so. But $80 isn't horrible if you like it.
The advice of my colleagues is also correct within its context:
1. It is harder to sell a details coin than a straight grade.
2. There is not a huge difference in price between MS60 and MS65. It doesn't jump until MS66.
3. It is usually better to wait and get the better piece than buy the hole filler.
4. You may some day want to sell and you will be less happy with the coin then.
BUT BUT BUT...if you like it at that price, that should be all that matters.
Thanks for all the advice. The guy I buy these coins from I deal with a lot.
Cleaning is one thing. Soap and water. Even baking soda. I don't like it, yet depending on the severity, it may not always be a non-starter. Your commemorative though as been cleaned using an abrasive and that mean you keep this one as selling it for anything close to what you paid will be difficult. For $20. more you could have received a wholesome, non-cleaned (brushed) example.
peacockcoins
+1
You asked so.... I would Never buy a coin that doesn’t straight grade.
Always make sure you get this type of coin at the lowest possible price. Talk the seller down as much as possible. Some dealers don't like these kinds of coins in their inventory and may give you a better deal then you think.
As always, be an educated buyer. If you know what you are buying and know the upside/downside, and the price is OK with you, then you are OK.
Soak up all the advice here so that it will be part of your knowledge as you go forward.
If the Arkansas inspires you and also prompts some more education then it is a home run.
Im rather surprised no one had mentioned the green on the wing. It could be PVC.
@rec78 said:
When he was looking up a price on it he would look up the price in the price guide and then he went on ebay found a 1936 that sold for 84.99 and and was the same grade and was cleaned worse than this one was. He gives me good deals I dont think I would have a problem getting $80 for it if I ever want to resell it.
You could have done better
Greysheet bid for an MS-60 coin that is not cleaned is $83. An MS-63 is only about $90.
No offense, but you would have to put in some effort to get over $65 for it if you wanted to sell it now. And I'm not talking to a dealer. $85 on eBay with free shipping is only about $72 net. And that's the only comp on eBay.
A 1936-S, PCGS Unc. details, cleaned example brought $74 in a sale last month. When you’re looking for comps, don’t look only for ones of the same date. Many coin types, including some commemorative issues, include different dates that are worth the same amount. They are in essence, type coins.
I think you got a fair deal at $80 for a generally undesirable coin. And at the same time, that you’d be lucky to get more than $60 for it, upon resale. But as long as you (hopefully) understand that and you’re happy with it, great.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
For real-time comparison, there is a 1935-S graded MS63 (graded by our host) on the bst for $95 delivered. In contrast, there is the appeal of paying for a coin and receiving it in hand immediately, rather than waiting.
Full disclosure, the listing is mine. I debated whether to comment at all, but it does seem relevant to this discussion.
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If this one sold for 85 and how bad it looks there is somebody out there that would pay $80 for mine I have no doubt might take some time makes no difference to me.
Yes that is a homely example.
I see so many cleaned coins selling on ebay I dont understand why people say cleaned coins wont sell that seems like that's all that sells on ebay.
"I see so many cleaned coins selling on eBay..."
Yes, as the owners don't want them.
This coin sold for 65 dollars on ebay thats about a 30 discount from retail, that's the same discount I got on mine I think I got a fair deal.
So why do people buy them then, if people dont want them. That can also go the same way for straight graded coins they sell alot of those to I guess the owners don't want straight graded coins as well but alot of people buy them as well.
Discussion Closed
Ah, it does not really work like that, slugger.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
You know what that comment tells me most of these people dont know nothing about coins and just want to put people down about what they buy.
To be fair, you did ask people what they thought.
I mean... You are the one who overpaid for a cleaned coin. This is a forum of high-end collectors. People who have been dealing longer than I have been alive have chimed in on this coin and given you their opinion.
If you want to coddled, go visit one of the other coin forums out there that encourages coddling. You will get nothing but the truth here.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Correction BOY - most of these people know a lot more than you do. You can't beat experience. No one is beating you up.
Don’t ask and no one will tell
Matthew, I suggest you sell the Arkansas on eBay with a .99 starting bid. It will be an eye opening experience for you. Many experienced Dealers and Collectors on these forums. Listen to what they are telling you.
I believe most of the regulars here don’t know nothing.
Thread is open.
This is a pretty rough-n-tumble crowd, but they'll go out of their way to help you too.... if you ask for it. If you actually want to learn what we think a nice Arkansas commem would look like (at any price point) we'll tell you.
For me, this is a coin that has no place in a serious collection. For a trinket, it's OK, but I wouldn't pay more than the bullion value of the silver for it.