1932 D Washington Quarter - You Vs NGC - Please Grade

I think AU50

He bought it at auction, broke it out, dipped it, and upped the price from what he paid (I would expect him to make a profit - he is a dealer). I did not buy it in a slab, but contacted him b/c (I am learning) I did not know if it was a legit coin as the MM looked like maybe it was added (I found out it was not when I called him and got the NGC number from the slab he broke it out of).

I am trying to figure out if I would be smarter to return it (he was the one who suggested this), and try to get another at auction myself (which is where he got this one) -- if the price I paid would net me a better coin if I bought one slabbed from an auction myself.

I may be wrong, but I am a dealer in another hobby (not coins) and we generally say about 30% profit is right. I do not know if this rate is the same for coins or not. The guy I bought this 32D and 32S from made a lot more than 30% and I am trying to determine whether or not it is just b/c he had a good eye for a coin that others were overlooking or if he was just charging too much.

I will be up front and say I suspect it was just that he has a good eye and experience; got a great deal; and then priced it accordingly.

And the main reason I am doing this is for education!

XF details - Improperly Cleaned

Something else I need to learn about - where does it show signs of cleaning?

quote] I believe breaking it out of the slab and then dipping it probably decreased the value instead of increasing it[/quote]

Thay's waht I thought also, but after I posted this one in another thread concerned about the way the MM looked (and found it is OK), I mentioned that I was told it was dipped and thought this was always bad. On the other thread, I got the impression that with something like this coin it did not matter since the dipping (as the dealer told me) just took off some toning.

i am just trying to understand all of this

Thanks for the info from all - does anyone have an idea of value on something like this? How would you actually look something like this up? Would gray sheet (which I do not have) be discounted by a standard percentage?

Thanks commems - I appreciate this. I think it will be going back. BTW - I like your avatar - I got a couple of these when they came out also!

My guess is the coin - already labeled as cleaned by NGC - was probably retoning an ugly brown due to the last cleaning/dip from not having the dip solution completely removed, so the dealer figured it would bring more $ if it was white again. Hence his crack out and re-dipping.

A lot of times a dipped coin will still have luster but change to an ugly tonning years afterwards from the chemicals in the dip solution, even in a slab. I have a few coins that have done this, One Morgan I got was a DMPL and now you can hardly tell from the toning it has accrued over the past 15 years in the slab.

Could have been MS70 there are several types of tarnish removal dips on the market, one way to get all of the dip off would be a good rinse of distilled water, or even a rinse in acetone, it will evaporate the moisture away. The dip removes a very small layer of the silver at the surface, basically stripping it each time the coin is dipped, this is how an uncirculated coin looses it's luster through dipping, the flow lines of metal, the reflect the light are eaten away, so light no longer is focused the same when reflecting of the surface.