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 Replies: 18 / Views: 2,469 |
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Pillar of the Community
 United States
577 Posts |
Thanks for the help. He was offering this coin at $229, and it's a key date worth thousands in a high condition. How badly would cleaning damage it's resale value? I contacted the seller and he didn't seem like he knew anything about coins. Obviously I'm very skeptical that this is uncleaned, but if so, assuming it's genuine (he has a great return policy if not), would it be worth buying and selling as a cleaned details coin?
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Pillar of the Community
United States
3283 Posts |
Probably at least dipped, A key worth thousands for $229 is a red flag if you ask me.
But maybe worth the risk if your properly protected. It is not uncirculated.
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Valued Member
United States
374 Posts |
def dipped and not a good job at that.
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Pillar of the Community
United States
1304 Posts |
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Pillar of the Community
United States
5854 Posts |
I am pretty sure this has been cleaned. Looks like it could be a risky purchase as the pictures are not the best.
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Pillar of the Community
United States
3402 Posts |
The coin is worn and it is very bright = cleaned/dipped, whatever you want to call it.
So what do you pay for an EF (cleaned) key date Morgan. What is the date?
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Pillar of the Community
United States
1213 Posts |
Yes, it's been cleaned - and probably other things too.
I'd go somewhere else if I were you.
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Moderator
 United States
23522 Posts |
Quote:
He was offering this coin at $229, and it's a key date worth thousands in a high condition. The only New Orleans Morgan worth remotely close to $200 in that grade is 1893-O. |
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Valued Member
United States
149 Posts |
the real problem when buying a problem coin is selling-pass
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Bedrock of the Community
United States
12437 Posts |
Quote:
How badly would cleaning damage it's resale value? How do you expect anyone to provide a value when you haven't even provided a date  And if you are not sure if it has been cleaned or not, then why are you contemplating purchasing a potential multi-hundred dollar coin for resale? You really need to learn how to grade and pick out problems before you start trying to make money reselling coins. It can be very difficult to honestly make money on problem coins. Selling coins the wrong way is a good way to lose alot of money and/or get stuck with alot of coins you cannot sell. |
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Pillar of the Community
United States
4989 Posts |
Harshly cleaned looks polished with a fine abrasive
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Pillar of the Community
United States
3283 Posts |
Quote:
How do you expect anyone to provide a value when you haven't even provided a date I was thinking the same thing. Why cover/crop the date? |
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Pillar of the Community
United States
1547 Posts |
Write back to him and tell him you've seen better pictures of the Loch Ness Monster.
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Pillar of the Community
United States
880 Posts |
Oh I will use that line sometime in the future... Nice one eddie.
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Valued Member
United States
361 Posts |
LOL Loch Ness. Best line I have heard in a while. Obviously, more info (date, mm) is needed to give proper advice.
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Posted 07/24/2011 5:16 pm
