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All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

Corrosion Affecting Grade

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spaceace
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 Posted 03/10/2012  3:04 pm Show Profile   Bookmark this topic Add spaceace to your friends list Get a Link to this Message Number of Subscribers
I am looking to get a large cent from 1798 as part of a type set (I posted on here trying to find one, so feel free to let me know if you have one you can part with). Anyhow, it seems like many of these coins have environmental damage/corrosion. How does that generally effect the grade and cost of the coin? For instance, if the coin has G details or VF details to it but has some pitting and corrosion how much does that (as a rough estimate)lower the cost of the coin? I know it depends on the extent of the damage and the eye appeal and the individuals judgement, but I am just looking for some guidelines. I am heading to a show next month and will be hopefully checking out a few of these large cents and want to be able to make a fair offer. If anybody has some photos, please feel free to post them on here to help clarify things a bit. Thanks!
Edited by spaceace
03/10/2012 3:05 pm
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seateddime48174
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 Posted 03/10/2012  3:26 pm  Show Profile   Bookmark this reply Add seateddime48174 to your friends list Get a Link to this Reply
if you are willing to settle for a Gd, then I would hold out for one that has nice smooth surfaces, it will be MUCH easier to sell if you ever upgrade. buying a corroded or pitted piece in Gd doesn't make sense based on what decent ones sell for.
Edited by seateddime48174
03/10/2012 3:26 pm
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All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins



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