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 Replies: 37 / Views: 6,178 |
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Bedrock of the Community
United States
20753 Posts |
It really depends on how much a coin has been cleaned. If just mildly, I don't mind buying it at all. If harshly cleaned so it looks damaged, no I don't.
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Pillar of the Community
 United States
655 Posts |
Quote:
...I found this Beach Spot around 2014 and its produced over $ 10,000.00 Its between a 2 miles and 4 mile walk... That treasure-hunting sounds so exciting, goldnugget! And, you must be expert at cleaning your own stuff. |
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Pillar of the Community
 United States
7955 Posts |
I will buy a cleaned coin if I still find it appealing and it fills a hole at a far lower cost than a nice grade uncleaned.
Damaged I am less inclined, though I have a fair percentage of medieval coins in my collection, and these sometimes come a bit bent ... a bit clipped ... a chunk gone from the edge. If I want those both round and flat, I will pay a lot more and take a while to find some of them.
Edited by tdziemia
03/18/2018 5:17 pm
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Pillar of the Community
Belgium
1185 Posts |
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Do counterstamps count? Because I'll buy those on rare occasion no I do not think so on the contrary, counterstamps with numismatic value (not your sun hammering a nail in your nice taler) are not considered damage but make many coins more interesting |
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Pillar of the Community
Belgium
1185 Posts |
here is an example of a deliberately "damaged" but very rare coin: a 1595 Leicester taler from the Dutch Republic (province of Overijssel)   the damage is present on both sides in the form of justification marks (a series of scratches) made by the mints in the 16th and 17th century in some coins to take away silver in order to adjust for the correct amount of silver in hand made coins this type of damage on the one hand makes the coin less attractive but on the other adds to the original idea of what was brought into circulation |
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Pillar of the Community
United States
655 Posts |
That is one old coin, 1c5d7n5m, and still in great shape- except for the warrior's face. Is he supposed to be wearing a mask or something because I can't make out any detail?
Early American silver coins were also brought into spec by having the planchet's scraped prior to pressing the designs. Many coins were left with these scratches but it's not considered damage and will get a straight grade.
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Pillar of the Community
Belgium
1185 Posts |
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the warrior's face. Is he supposed to be wearing a mask Darth Vader-like indeed ! the warrior is no one less than Robert Dudley, Earl of Leicester, close friend and protege of queen Elisabeth of England Dudley was not very popular in the province of Overijssel in those days, where he more or less ruined the war effort Dutch republic against Spain Perhaps the mint master of Deventer where this taler was minted expressed the sentiment of the public by producing this type of coin which is conform the standard of this type of coin except a poorly designed face? pure speculation of course  |
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Pillar of the Community
United States
1314 Posts |
Not mine, but people have been known to collect these.  |
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CCF Advertiser
United States
1533 Posts |
I buy holed coins. I know a dealer than is putting together a set of holed coins by denomination. I have bought and sold a number of holed Seated dollars, bust dollars, and bust halves. They always sell fast. You can buy a holed Bust dollar for $250 and sell it for $275-$300 faster than you can buy an MS-65 Walker and resell it for a $25 profit. I just bought a deal of 3 cent silvers, all holed. Edited by Andrew99
04/05/2018 4:27 pm
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Pillar of the Community
United States
655 Posts |
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... I just bought a deal of 3 cent silvers, all holed. That must be a teeny, tiny hole. Thanks for posting, didn't know there was a sub-market for this type of thing. |
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CCF Advertiser
United States
1533 Posts |
Apparently, they made excellent bracelets and were widely available for 3c a piece . |
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Pillar of the Community
United States
4883 Posts |
If you collect ancients, some degree of cleaning and/or environmental damage is to be expected. Only the tiniest percentage of such will exhibit neither. I'll buy a holed coin if it's rare and the price is right. I always pick up any "lowballs" I come across just because, although technically they're not damaged. A really heavily damaged coin always perversely piques my interest, especially if otherwise it'd be desirable and expensive. As an example of this last category, check out this Fugio cent -   Colligo ergo sum
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Pillar of the Community
Belgium
1185 Posts |
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I'll buy a holed coin if it's rare and the price is right. this is what I do too |
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Pillar of the Community
United States
7955 Posts |
Bumping this thread because I was just looking through an auction list where I am confronted with this choice.
This auction contains a collection of a single denomination which I collect, minted around 1600, 141 examples. Nearly every one grades EF or higher, a little over 10% are slabbed, but well over 50% of them appear to have been cleaned (how else do you explain bright silvery surfaces on 400 year old coins?).
This is followed by a group of 47 coins from the same era, same country. Fewer are cleaned, and 65% are slabbed (including a handful of "Details/Cleaned" examples).
My experience is that with this place and era, there are far more cleaned examples available of certain types than uncleaned. I have some of each in my collection already. So, to have more choices, I'll consider ones in that first group that have probably been cleaned.
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Bedrock of the Community
Australia
21788 Posts |
I collect ancient coins. Almost all ancient coins have been cleaned at some stage or other. Those which have been recovered from earth burial all need to be cleaned. The exceptions to this maybe, are gold coins. The extension to this is, is that I will usually buy cleaned modern coins, but we all recognize that cleaning reduces the value, and so a lower price must be negotiated. Because of this, some cleaned modern coins that are still quite attractive and can be picked up at bargain basement prices. I am always on the lookout for such opportunities. Scarce damaged silver coins can be often picked up at melt value, and thus can still can be quite collectible. That applies to British Maundy coins, where mintages sometimes are in the 100's only. These coins have often been used as jewelry, and thus are often found holed. Same applies to U.S. silver Three Cents coins. Edited by sel_69l
02/23/2019 5:07 pm
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Posted 03/17/2018 8:19 pm
