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Buying A Cleaned Coin

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Author Previous TopicReplies: 21 / Views: 3,141Next Topic Page 2 of 2
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 Posted 04/13/2016  11:32 am  Show Profile   Bookmark this reply Add Connor to your friends list
I think $250 is a fair deal if it is an upper end VF and has decent eye appeal. I would probably pass if it didn't have these two things going for it. People think a lot of their Seated dollars and they are not cheap.

I guess another question I have that would make a difference is what's the date?
Edited by Connor
04/13/2016 11:33 am
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 Posted 04/13/2016  12:50 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list
I'm happier with my holed EF-45 Seated dollar than I would be with a problem-free worn slug of a Seated dollar. Both would cost about $100.

$250 is fine for an old, light cleaning, but anything harsh would be worth no more than $200.
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 Posted 04/13/2016  1:50 pm  Show Profile   Bookmark this reply Add edweather to your friends list
As long as I didn't feel upside down in it, and it didn't look too bad, then sure why not. $200 would be better though.
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 Posted 04/13/2016  4:12 pm  Show Profile   Bookmark this reply Add billjones to your friends list
It all depends upon how bad the cleaning is. If the coin has been polished or the hairline scratches from the abrasive used to clean it are really bad the coin the can be worth less than $200. A light cleaning might not be that bad.

Some cleaned coins can still sell for decent money. I did not see this 1861 Proof dollar before someone ruined it. According to a dealer friend, it was a really nice original piece before some Bozo thought it would look better with white surfaces. The cleaning messed up the Proof mirrors.

This piece sat in my type set for a number of years before I upgraded it. When the time came to sell, I put it out in my case and a dealer snapped it up for $1,200. Since it sold so fast that might have been too cheap, but I was still happy to move it along to the next owner.

Buying-A-Cleaned-Coin Buying-A-Cleaned-Coin
Edited by billjones
04/13/2016 4:15 pm
Bedrock of the Community
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 Posted 04/13/2016  5:00 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
ronh308 - Looking back on more than 50 years of collecting, I have nearly always had trouble re-selling a cleaned (or damaged) coin unless it was scarce or rare. I suggest you not let price be your main guideline but consider whether, if this is for a type set, you really want a problem example. Whatever your decision, be sure you have return privileges.



to the CCF!
Edited by Coinfrog
04/13/2016 5:01 pm
Rest in Peace
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 Posted 04/13/2016  5:39 pm  Show Profile   Bookmark this reply Add bpoc1 to your friends list
Very interesting discussion. Let me tag along.
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 Posted 04/13/2016  6:39 pm  Show Profile   Bookmark this reply Add coinlover1899 to your friends list
Is it on the bay?
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 Posted 04/13/2016  8:40 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list


Buying-A-Cleaned-Coin
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 Posted 04/13/2016  10:51 pm  Show Profile   Bookmark this reply Add just carl to your friends list
A bit high in price but if you like it, want, need it, so what.
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 Posted 04/13/2016  11:22 pm  Show Profile   Bookmark this reply Add AndrewMarek to your friends list
I am missing the Seated dollars for my type set and have been tempted in the past (in the days when I had spare cash)to buy cleaned coins before to fill those holes because of the premiums this series brings. I can be cheap sometimes (wife's term I like to say a value hunter)...

Thusfar I have fought the urge... I can say if the right 'lightly' cleaned coin came along at the right price I'd be all over it.. I guess I figure if you got a good deal, you could always sell it for what you paid... may never make money but I guess I never collected to make money... My 2 cents...
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 Posted 04/14/2016  05:15 am  Show Profile   Bookmark this reply Add ronh308 to your friends list
Well, I pulled the trigger and bought it. It is an 1841--common date--but that's ok. I am retired, but have wanted one of these since a teen. I am certain I will be happy with the coin. Thanks for all the replies.

I am not collecting with the goal of selling. So that aspect is no problem. When I am gone, I will no longer have the problem (is that too cynical)
Edited by ronh308
04/14/2016 05:17 am
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 Posted 04/14/2016  06:49 am  Show Profile   Bookmark this reply Add ExoGuy to your friends list
It would be interesting if the OP posted a pic and took a poll to see how many CCF members thought it to worth the $250 price, methinks ....
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 Posted 04/14/2016  08:09 am  Show Profile   Bookmark this reply Add dsfreeworld to your friends list


Buying-A-Cleaned-Coin
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 Posted 04/14/2016  08:14 am  Show Profile   Bookmark this reply Add Connor to your friends list
I agree with Exo....
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 Posted 04/14/2016  08:18 am  Show Profile   Bookmark this reply Add ExoGuy to your friends list
Perhaps, our OP will post pics when his coin arrives? Hope so!
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