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Replies: 13 / Views: 2,295 |
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Pillar of the Community
United States
717 Posts |
I just read the following in another forum, where someone was inquiring about purchasing coins from some of these well-known coin magazine advertisers: quote: "Skyline Coins, Paul Sims, John Paul Sarosi, Coast to Coast Coins, and The Coin Depot all sell dipped, re-engraved, whizzed, and cleaned XF-AU coins as "Premium Quality Brilliant Uncirculated."
Several other people posting there confirmed this. Wow! I was thinking of buying some coins from some of these sellers before I read this. Comments?
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Pillar of the Community
United States
1984 Posts |
I won't comment on those specific sellers since I have never dealt with them, but I have noticed that once you get below the top tier of highly-regarded sellers, the quality of coins goes down as the advertising budget increases.
What coins were you thinking of buying?
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Pillar of the Community
 United States
717 Posts |
Individual Uncirculated common date Morgan & Peace dollars & some individual lower grade (i.e., less expensive) Type coins for my new 7070.
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Bedrock of the Community
United States
20753 Posts |
Lately cleaned coins are becoming a big thing. The Mints attempt to increase coin collectors is working. Many, many people that know nothing about coins are becoming collectors. They like nice shinny, pretty coins so dealers give them what they want. This is only a step back in time. Long, long time ago dealers cleaned coins to sell better since no one collected old dirty things. I remember when I was a kid and my penny book was full of circulated coins. Everyone told me to clean those dirty things. The dealers mentioned here are only a drop in the bucket so to speak with cleaned coins. Examples are everywhere. At one very popular coin dealer in Chicago their window is breaming with cleaned coins and they sell. So which is better for a dealer. Sitting on a pile of coins that are valuabale but don't sell or cleaning them and selling them like crazy?
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Bedrock of the Community
United States
19931 Posts |
My favorite local dealer takes in "polished" coins all the time, he has a whole bin of them....at least he DOES NOT sell them except for melt value. They are junk to him.
Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
Edited by BadThad 11/14/2007 08:24 am
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Member
United States
3242 Posts |
I deal with coast to coast and they tell U if before you buy the coins if its been cleaned or not the others list dont!
Edited by amac44 11/14/2007 10:26 am
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Pillar of the Community
United States
2540 Posts |
I have heard this about many sellers before. It is always: Buyer Beware.
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Pillar of the Community
United States
6381 Posts |
I agree that these and many other sellers offer coins with cleaning and other problems. I'm sure they also sell some decent coins (maybe by accident?  ). I wouldn't rule out buying from them, but only if I fully understand their return policy and am willing to accept its terms in the event that I want to return a purchase.
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Pillar of the Community
 United States
2703 Posts |
Companies that clean up VF-AU coins and then sell them as BU are major polluters in the numismatic environment. They would never buy these sucker coins back as BU. So the beginning collector gets stuck with cleaned coins and this pollution gives him a sick feeling when the time comes to sell and he finds out what he really has. Since he got taken and played for a fool, this con game may likely sour him on coin collecting altogether and kill his inner numismatist. Don't buy from companies which do this sort of thing.
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Pillar of the Community
United States
2764 Posts |
I am always curious to see how each person interpret/define "clean/dip/polish" and the like terms. What's your?
The coin dealer near my house turn his eyebrows when I asked him about cleaning coin when I looked at his coin (I assume that he thought I was implying any of his coins was cleaned). He told me that cleaned coin are coin that was cleaned, using abrasive method and/or abrasive material to make the coin more shiny/eye appealing. He went on and said that if you apply Acetone, water, olive oil, or one of the liquid material that he sold (using for copper coins) and use a "cubetip" or a toothpick get the dirt off the coins - then that's "restorative practice" and not "cleaning".
At what level should a coin be called "dipped, re-engraved, whizzed, and cleaned" vs. something that's considered "restored coin" or similar term or genius coin?
I hope this isn't too off topic, since we are talking about coin dealers and cleaned coins.
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Bedrock of the Community
United States
12437 Posts |
quote: At what level should a coin be called "dipped, re-engraved, whizzed, and cleaned" vs. something that's considered "restored coin" or similar term or genius coin?
If metal(or luster) is disturbed, it is cleaning  If the process only removes surface contaminants and does not alter the metal, it is conservation 
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Bedrock of the Community
United States
14454 Posts |
I will second what biokemist said, if the metal hasn't been disturbed it isn't cleaned but conserved. Dipping correctly to me is perfectly acceptable (others feel entirely different and thats ok) since I am not big into toned coins. Not very long ago you couldn't give away a toned coin and just about every dealer around dipped their inventory so they would sell, and like I said if done correctly it can make the coin look 100% better to me. Dipping, if done incorrectly can ruin a coin though and can be considered harshly cleaned even though it doesn't show cleaning lines. As I said above others feel very strongly against dipping using anything including acetone (which doesn't harm any metals at all) but thats what makes collecting what you like more fun, not just collecting what everyone else thinks is alright to collect
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Member
United States
3242 Posts |
well said Bryan the TPG will grade a dipped coin to
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New Member
United States
24 Posts |
Unfortunatly, Coin World and Nemis News care nothing about the advertisers like these, they pay for big huge ads week after week, and thats it, it's the $$$$, very like ebay who cares not for us, but for the bottom dollar.
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Replies: 13 / Views: 2,295 |
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