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How Much Does A Problem Impact Coin Value

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Pillar of the Community
aladinslamp's Avatar
United States
3076 Posts
 Posted 09/16/2011  02:01 am  Show Profile   Bookmark this reply Add aladinslamp to your friends list Get a Link to this Reply
COINS ARE PROBLEMS......Needless to say, it just depends on the series, and what contamination is upon them...I am saying this to the 80 to 100 year old collector...as the ancients already know....MOST have been cleaned in some acceptable form or another to retain some sort of luster withing there grade, my meaning is a
G4 coins should NEVER look MS....such is cleaning...they have done for decades to try to match the wear with the luster to enhance the coin..
to the point that an "original coin" is discounted as it has been over toned(GEE? years of oxidation,could have it dulled it?)
Mean while others have there own lemon juice formula to keep the luster looking "just right" for an 1827 coin. or so
to make it look "MINT STATE"....They have all been cleaned............just depends on who you are when you submitt it...
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biggfredd's Avatar
United States
9104 Posts
 Posted 11/15/2011  11:35 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
Every coin is unique, which is why the concept of sight unseen sales of slobbed coins was doomed from the start. A nick on a focal point is more detrimental than one in an obscure area. If you're making a display of reverses only (for example, assembling a roll of wheat cents with a 1908s reverse and vdb reverse on the outside), then it doesn't matter if the obverses are badly damaged.
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biggfredd's Avatar
United States
9104 Posts
 Posted 11/15/2011  12:32 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
I had a great example, and it wasn't even damage. I had an 1867 IHC. It was obviously uncirculated, no evidence of wear and good RB color. Most of UNITED was unreadable, as was the corresponding area on the reverse, IOW, a defective planchet.

If that error was on a common coin, it might be worth $5-10, but even a G4 would be worth many times that much. The customer (who was serious enough to tote around a stereo microscope) paid the full MS60 price, because he knew that coin just doesn't come in common date rolls.
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biggfredd's Avatar
United States
9104 Posts
 Posted 11/15/2011  12:39 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
I personally do not care for holed coins & cleaned coins.


I had a customer who made punchboards and would buy the absolutely the cheapest junk I had. Morgans with holes? No problem, he'd fill the hole with lead. Just so you could read the date.

He actually overheard customers say "that one has got to be valuable, look how old (just beat up, like a damaged Peace dollar) it is!"
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biggfredd's Avatar
United States
9104 Posts
 Posted 11/15/2011  12:53 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
I used to sell acid-dated buffalos for 1/3 of G price.

I saw an auction by a guy who specializes in them, and he got like 25% of F for one.

It all depends on what the buyers are looking for. I had a lady who would only buy them if the Indian smiled (somewhere around VG/F.)
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