How do you price "details" graded coins?

Comments

• PerryHall Posts: 46,823 ✭✭✭✭✭

  February 1, 2007 4:09AM

  Depends on how severe the problem. There is a big difference between "lightly cleaned" and "holed".

  Worry is the interest you pay on a debt you may not owe.
  "Paper money eventually returns to its intrinsic value---zero."----Voltaire
  "Everything you say should be true, but not everything true should be said."----Voltaire

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• Julian Posts: 3,370 ✭✭✭

  February 1, 2007 4:24AM

  There is no formula for pricing coins with faults.
  
  The rarer the coin, the more likely that it will be good enough for someone.
  
  Fairly common coins with faults are far less desirable and then it does depend on the degree to which the coin is damaged, etc.
  
  Finally, just because one service determines a coin to be damaged, doesn't mean everyone will.
  
  This area of numismatics is truly supply and demand; what a willing buyer and willing seller can agree on.

  PNG member, numismatic dealer since 1965. Operates a retail store, also has exhibited at over 1000 shows.
  I firmly believe in numismatics as the world's greatest hobby, but recognize that this is a luxury and without collectors, we can all spend/melt our collections/inventories.
  
  eBaystore

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• Dennis88 Posts: 5,797 ✭✭✭

  February 1, 2007 4:42AM

  Depends on both rarity, availability and condition. I think that each coin must be priced individually with care. There is absolutely no way to look up a price in a price guide for a net-graded coin.
  
  Dennis

  VOC Numismatics
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• Baley Posts: 22,663 ✭✭✭✭✭

  February 1, 2007 4:44AM

  ANACS used to assign a "net grade" based on their evaluation of how severe the damage.
  For example, a coin might be AU details, cleaned [light cleaning under magnifying] net EF40.
  Another coin might be AU details, cleaned [harshly and abrasively, obvious to naked eye] net Fine.
  
  Now that they don't do that, it's just details grade, it's a lot less useful.
  so yes, "it depends"
  
  

  Liberty: Parent of Science & Industry

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• 123cents Posts: 7,178 ✭✭✭

  February 1, 2007 4:45AM

  I would go by the prices realized at the Heritage Auction site. Many ANACS coins in different denominations and different grades are sold with problems. Most have been cleaned, scratched or whizzed. See what these coins sold for with the different problems and go from there.

  

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• mozin Posts: 8,755 ✭✭✭

  February 1, 2007 6:19AM

  123cents,
  
  Good suggestion. My way of dealing with ANACS Details coins is much easier, I simply pass on them.

  I collect Capped Bust series by variety in PCGS AU/MS grades.

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• BigTom Posts: 305 ✭✭✭

  February 1, 2007 6:26AM

  A light cleaning on an older series, say an attractive bust quarter, or on a truly hard to find date (or expensive one like an 89cc) is one thing and should be priced approximately a grade lower. Anything else should be avoided. that said, from "net graded" coins I've tracked at Heritage, pricing it a full grade lower won't win you the coin. But that would be my appetite for a net graded piece.

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• RichieURich Posts: 8,553 ✭✭✭✭✭

  February 1, 2007 8:14AM

  
  
  << <i>A light cleaning on an older series, say an attractive bust quarter, or on a truly hard to find date (or expensive one like an 89cc) is one thing and should be priced approximately a grade lower. Anything else should be avoided. that said, from "net graded" coins I've tracked at Heritage, pricing it a full grade lower won't win you the coin. But that would be my appetite for a net graded piece. >>
  
  
  
  Light cleaning might go half a grade lower, average cleaning one grade lower, damaged or repaired probably 2 grades lower, holed and plugged two to three grades lower. But again it depends on the coin, if it's rare enough, it might bring good money anyway.

  An authorized PCGS dealer, and a contributor to the Red Book.

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• kmcoin Posts: 64

  February 1, 2007 8:17AM

  
  Thanks everybody. All the responses have been very helpful!

  "All that is gold does not glitter..."
  -JRR Tolkien

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