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 Replies: 24 / Views: 6,476 |
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Valued Member
Canada
153 Posts |
It is a $20 double-eagle gold coin (about 900 survived) and hard to find in the market. The same type coin (AU58) just sold $8,000+BP in the aution. I saw an "AU DETAILS Improperly Cleaned" coin, should I buy it and how much?  Thank you for your ideas!  Edited by Toronto1
03/20/2012 3:03 pm
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Valued Member
United States
117 Posts |
A problem coin will always be just that, "a problem coin".
SInce you didn't include any details it would be impossible to say what you should offer.
I wouldn't buy it though.
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Valued Member
Canada
274 Posts |
Hi !
For my opinion, how depending what is the " improperly cleaning " At least you must be able to clean them corectly but if it's a coin with high value probably that some method are already been try.
If it left only 900, it's sure that same at about good it have a value lol This coin have a value but the question is how much ?
Without any picture it's hard for everybody to say something but for me if it was " clean cleaned " in A.U. the value will not be more that EF or maybe VF , if the coin re in bad shape maybe to price of a very good to fine but without pic....
Good luck !
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Bedrock of the Community
United States
10982 Posts |
I'll buy any coin if the price is right. Some coins labeled "Improperly Cleaned" show no signs of cleaning at all while others have been scrubbed with steel wool.
A picture is worth a thousand words in this case.
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Pillar of the Community
Canada
1984 Posts |
You could try paying say the F price, cracking it from its holder, putting it in your change pocket for a month, and then sending it in for a clean grade of say VF.......
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Pillar of the Community
Canada
2781 Posts |
(not saying it should be done but) a good jeweler can do amazing things to scracthes on gold coins...
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Pillar of the Community
United States
7840 Posts |
 Let's see what it looks like! Edited by oih82w8
03/20/2012 10:05 pm
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Moderator
 United States
16679 Posts |
If the price was right, I would. Eye-appeal is everything.
swcoin.ecrater.com
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Pillar of the Community
Canada
2366 Posts |
I prefer not to buy them but every so often my practical side wins out and I'll buy that expensive coin that I couldn't otherwise get at that discounted price. I've only done it a couple of times and paid about 50-60% of list price. It bugs me a bit for a few hundered bucks I can live with that! :-)
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Valued Member
 Canada
153 Posts |
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Valued Member
United States
117 Posts |
Why all the secrecy about what the date is?
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Moderator
Canada
10456 Posts |
Remember, this is a gold coin, the softest of any numismatic metal. Any circulated gold coin will appear cleaned, usually what I call 'pocket polish'. If it is a good deal, and a decent AU grade with eye-appeal, with a surviving number of 900, and you need that date... Then buy it.
Let me ask this question: how often does that date show up in shows/auctions, in grades AU or better?
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
 Canada
9863 Posts |
With the date hidden it looks like photos from one of those sites that sell random date cleaned,circulated double eagles for $1750 a pop
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Valued Member
Canada
153 Posts |
To SPP-Ottawa, These are the latest 5 autions but they are MS62~65 Grade Price Date Firm Sale Lot # Cert MS65 $83,375 Feb-2012 Ira & Larry Goldberg January 29 - February 1, 2012 The Pre-Long Beach Auction 2024 NGC MS62 $10,638 Jan-2012 Stack's/Bowers The January 2012 Americana Sale 10761 NGC MS66 $184,000 Jan-2012 Heritage 2012 January 4-8 US coins & Platinum Night FUN Signature Auction- Orlando #1166 4640 PCGS MS64 $29,900 Jan-2012 Heritage 2012 January 4-8 US coins & Platinum Night FUN Signature Auction- Orlando #1166 5113 NGC MS64+ $40,250 Jan-2012 Heritage 2012 January 4-8 US coins & Platinum Night FUN Signature Auction- Orlando #1166 5114 NGC |
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Pillar of the Community
Canada
9863 Posts |
With 900 surviving (not scarce)and an MS62 selling for $10K,a circulated problem coin is probably worth less than a quarter of that,closer to BV than to $8K IMHO
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New Member
Canada
48 Posts |
Normally, I would say don't buy it, but If the cleaning is not too harsh, expect this American key date to still go quite high, probably more than you think to be a bargain.
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Replies: 24 / Views: 6,476 |
Posted 03/20/2012 6:09 pm
