Picked this up for $30!
SummerDays3104
Posts: 499 ✭✭✭✭
What would you guys grade it at?
1
SummerDays3104
Posts: 499 ✭✭✭✭
Comments
Looks like has some nice luster... and a 'mirror' polished patch on obverse... I'd say AU.
I would say the PVC patch on the obverse makes the coin worth only melt value...around $30.
Is that corrosion, PVC, or green toning above TRVST ?
AU58 with PVC/corrosion.
In honor of the memory of Cpl. Michael E. Thompson
Put it in some acetone!
I enjoy your enthusiasm, yet when the coin is a common date in AU condition, sadly environment damage/ PVC does make it worth $30.
peacockcoins
Of course not. And since melt is $16.60? $30 for it sounds about right these days.
Hope that silver goes up in price.
Disregard comments saying it’s worth melt lol- wholesalers are paying $26+ for cull peace $1. It’s a nice slider AU/UNC coin. To take care of the obverse PVC get pure acetone, which you can buy as nail polish remover, soak a q tip and gently roll until removed. $30 is a solid buy.
There are no bargains in US coins. The US coin market is very large and VERY mature. You need to be more selective in your purchases. That is a common date AU Peace Dollar with a problem.
I'm thinking it's AU.
Looks like an AU coin to me... The PVC may leave surface issues.... Show us again when it is cleaned up. Cheers, RickO
Pure acetone IS NOT nail polish remover. NEVER use nail polish remover to remove PVC. It has fragrances, conditioners and additional chemicals added to it. Are you going to check the SDS and figure out what's in the nail polish remover? Will the extra stuff react with the metal of the coin? Do you have the chemistry background to know what those chemicals will do?
ONLY USE PURE ACETONE.
Sometimes it is, but you have to check the bottle to be sure.
Melt value is currently about 16.50, not $30, though the value of the coin is much closer to the latter.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
AU58
Worth what you paid, or a bit less
Of course there are options with additives like you described. There is also pure acetone nail polish remover with trace amount of denatonium benzoate (a few PPM as a bittering agent) sold as nail polish remover. It’s added in such small quantity acetone manufactures are not legally required to list it as an additive- neither retail or commercial
I’ve used it thousands of times with no negative effects. But yes of course not wise to use anything not sold as 100% pure acetone. As far as my chemistry background goes, it was rather short though one full of distinguished accolades which included winning my fifth grade chemistry class science fair.
the good thing about your purchase is that there is not much downside
you can soak that thing in acetone overnight and play with your dollar without hurting it too much valuewise
You got it are fair value.
No bargain.