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 Replies: 29 / Views: 3,460 |
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Pillar of the Community
United States
1215 Posts |
Quote:
Not being a collector or knowledgeable poster here I offer this. The detailed coin is a buy for me. The details show how beautiful she is. You can own it and still look for the one you truly desire. The worn coin really is not that admirable.
champco, I think you are a little confused with what "details" means. You made another post in https://goccf.com/t/243306, also implying that you think a "details" designation is a coin with greater details. Actually, details means the coin has some kind of problem (cleaning, corrosion, damage, alteration to surface) and is not a grade at all. In fact, a coin with "details" designation is always worth less than its counterpart with a numerical grade. Details grades were created by ANACS (A very early coin grading company) to be able to authenticate coins even if it has problems. Let's look at what a details designation means with an example:  This designation as you can see is "Damage - G Details." What this means is that while the coin has the same DETAILS (as in the amount of wear) as a regularly graded Good Indian Head penny, it also has a problematic condition that precludes it from being graded, which in this case, is the obvious damage. Because of this damage, the coin is worth much less than a same coin that is graded G04 or G06; the price can drop to as low as 10% of the original price, amounting to a 90% discount. Here is a regular G06 coin for comparison. Note that it does not have Details. That's because this coin is not damaged and is an original coin.  |
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Pillar of the Community
United States
717 Posts |
xpac, I would take a properly plugged details coin over a harshly cleaned details coin. As SSK stated, I can't find the plug. I would probably be able to see all the scratches! Proper plugs are even carved to fit into the devices seamlessly, you might need a loupe to find a good plug.
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Pillar of the Community
United States
6370 Posts |
I think I can see the plug in the O in "OF" on the reverse.
I would have no problem buying this coin at a hefty discount. I'd offer 30-35% and see if the seller takes it.
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Bedrock of the Community
United States
12057 Posts |
I can't justify the purchase of a details coin on many grounds; but early US coinage is one situation where I'd be more likely to at least consider it. For many collectors problem-free examples are simply unaffordable in any grade. If you just want it as a collection item, and have no intent to resell it, then it's okay. Problem is, most of us are going to sell our coins at some point, by choice or not. I think the wiser move would be to take the $400 or whatever you've put aside for the coin, and sit on it until you have enough money to buy a problem-free example; you'll be happier in the long run, and if you ever need to sell it to cover a life crisis or just because you want out of the hobby, it's far easier to flip a non-details-graded coin. Given the high demand, extreme scarcity, and overall desirability of this coin series, I would say that a details coin that does not completely ruin appeal could bring 30-45% of problem-free retail, if not more. Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Pillar of the Community
United States
1629 Posts |
Personally, out of the 2 pictured, I'd prefer the repaired coin over the "straight graded" one. As BH noted, the repaired one appears to be a high end VF if not XF, and looks to have more natural surfaces than the VG coin that appears cleaned and probably should've been details graded also. But, if I was going to spend that much on a coin (guessing over $1000?) I'd probably try and hold out for a more suitable one over either of these. If you want to know what detailed coins like this actually go for, you can search past auction results on Heritage or Great Collections for "1800 details" in their archived Silver Dollar sales. Knowing the Bolender variety for each may make the decision a bit easier too.  PS: The plug appears to be to the right of the date, and filling in the O of "OF" on the reverse. |
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Pillar of the Community
 United States
5828 Posts |
Buy the first one!
Just IMHO, but it looks 1000X better!
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Valued Member
United States
397 Posts |
Definitely prefer Coin #1 given the surfaces are as original as they appear from the photos. The plug is well executed and not very distracting. Quote:
I would take a properly plugged details coin over a harshly cleaned details coin +1 Edited by OLCoins
11/07/2015 12:28 am
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Pillar of the Community
United States
946 Posts |
I would get neither. Why waste your money,if you knew that coin was for you,you wouldn't have even bothered to post it here. I say save some more for when that truly awesome piece comes around. Makes the wait much better and that much more enjoyable everytime you will take that coin out to look at it. JMO
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New Member
 United States
5 Posts |
Quote:
I would get neither. Why waste your money,if you knew that coin was for you,you wouldn't have even bothered to post it here. I say save some more for when that truly awesome piece comes around. Makes the wait much better and that much more enjoyable everytime you will take that coin out to look at it. JMO I think you are right. The second coin was never an option for me, I just wanted to give an example of what a "non-details" coin looks like for about the same money. For now I am going back to hunting Morgans. Thanks for all the comments everyone! Edited by eric1971
11/07/2015 1:23 pm
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Pillar of the Community
1153 Posts |
I like the details grade. Unless you are looking to immediately try to flip then resale value shouldnt be a huge factor. Since this is a rare coin I don't think details grade effects the marketability of it much. If you buy smart you can at least hopefully get your money back should you NEED to sell in the future.
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Pillar of the Community
United States
4337 Posts |
Quote:
The worn coin really is not that admirable You just need more time to appreciate what coins are in fact admirable. |
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Pillar of the Community
United States
8517 Posts |
I like the VG10 . I definitely don't see it as being cleaned. Beautiful original surfaces.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
2125 Posts |
I prefer the plugged coin. Nice VF details.
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New Member
United States
6 Posts |
I will buy cleaned coins, if they are sufficiently rare, but not harshly cleaned coins. I will not buy holed/repaired coins.
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New Member
United States
6 Posts |
...and, BTW, if anyone else has a different practice...that's okay, there is no right and wrong. Some guys like Harley Davidson motorcycles, and some guys like sport bikes.
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Replies: 29 / Views: 3,460 |
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First Page
Posted 11/06/2015 9:12 pm
