This can be quite crucial when buying an expensive coin or for that matter trading a coin with someone or selling a cleaned coin you have purchased because a better example was found.
Posted 04/06/2015 06:42 am
1: Yes, if it was a coin I felt I "needed". I would even extend that to a "whizzed" coin, or a coin that was holed, corroded or otherwise damaged.
2, 3 and 4: For me, it's not about a "percentage discount", but a "grade discount". I would be prepared to pay two to four full grades lower than the "details" grade market value, depending on the "ugliness" of the cleaning job. For example, an "EF details" coin I would pay the Fine to Good market price, depending on the degree and nature of the cleaning. If the coin's Fine to Good market values equal the bullion value, then I wouldn't pay above bullion for it.
I would also add that "cleaned/damaged coins" are one of the few categories of coins in my collection that I would actively consider purchasing an upgrade for.
2, 3 and 4: For me, it's not about a "percentage discount", but a "grade discount". I would be prepared to pay two to four full grades lower than the "details" grade market value, depending on the "ugliness" of the cleaning job. For example, an "EF details" coin I would pay the Fine to Good market price, depending on the degree and nature of the cleaning. If the coin's Fine to Good market values equal the bullion value, then I wouldn't pay above bullion for it.
I would also add that "cleaned/damaged coins" are one of the few categories of coins in my collection that I would actively consider purchasing an upgrade for.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
