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Buying A Cleaned Coin

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Dave H's Avatar
United States
1436 Posts
 Posted 07/31/2012  12:39 pm Show Profile   Bookmark this topic Add Dave H to your friends list Get a Link to this Message Number of Subscribers
Poll Question
I know there are a LOT of collectors out there that would NEVER knowingly buy a cleaned coin. I also know there are collectors that do buy cleaned coins. Me personally, I do buy cleaned coins if the overall grade & appearance is high enough to justify it (in my opinion). I want to know how you feel about it.

Poll Choices
 Would never buy a cleaned coin regardless of condition or cost
 Would buy a cleaned coin ONLY in high grade
 Would buy a cleaned coin ONLY in high grade AND the price is right
 Buy cleaned coins all the time regardless of the price
 Collect ONLY for fun and don't care if coins are cleaned

Edited by Dave H
07/31/2012 12:48 pm
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John1's Avatar
United States
56855 Posts
 Posted 07/31/2012  12:55 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
I would only buy a cleaned coin if it was a higher grade and a rare coin to find in any condition.
John1
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oih82w8's Avatar
United States
7840 Posts
 Posted 07/31/2012  1:02 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
I chose "Would buy a cleaned coin ONLY in high grade AND the price is right", but that is hypocritical of me since I am returning an UNC Details Inproperly Cleaned Trade dollar. I guess the price was not right.
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basebal21's Avatar
13014 Posts
 Posted 07/31/2012  1:17 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
I dont really see a problem with buying cleaned coins as long as the seller states its cleaned and you know what youre buying
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vb3347's Avatar
United States
230 Posts
 Posted 07/31/2012  1:34 pm  Show Profile   Bookmark this reply Add vb3347 to your friends list Get a Link to this Reply
I buy cleaned coins only if the price is right, regardless of the grade. Just a couple of weeks ago I bought an 1870 IHC that was harshly cleaned and in about VG condition for $10, couldn't pass it up.
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biokemist6's Avatar
United States
12437 Posts
 Posted 07/31/2012  2:23 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
I will go with choice F, it depends on the cleaning method

I do not object to buying a problem coin per say but it really depends on the problem and I will typically select a non-problem coin if such a choice is available. A light cleaning/dipping, small rim bumps(especially for a coin going into an album), or a tiny scratch is ok but I have no interest in a coin that is bent, holed, overdipped or scrubbed to death
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Dave H's Avatar
United States
1436 Posts
 Posted 07/31/2012  2:46 pm  Show Profile   Bookmark this reply Add Dave H to your friends list Get a Link to this Reply
I didn't think about mentioning the method of cleaning. I don't mind a light dipping, but really hate hairlines.
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Russian Federation
5174 Posts
 Posted 07/31/2012  3:30 pm  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply
Latest option. I'm unlikely to ever seriously sell my coins, and if I ever do I doubt I'll get anywhere near the amount I originally paid - not even for my gorgeous 1841 and 1907 cents (both of which have some very obvious rim damage).
In fact, my "1823" (actually dateless-due-to-harsh-cleaning Matron Head) cent is much more likely to bring more money than I paid for it - because I only paid $3 (which probably has to do with the seller mislabelling it as 1890).
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slowaltima's Avatar
United States
203 Posts
 Posted 07/31/2012  3:34 pm  Show Profile   Bookmark this reply Add slowaltima to your friends list Get a Link to this Reply
I would buy cleaned versions of the really expensive ones just to have them. I do prefer as close to original as possible though. Most of the coins that I buy are just for fun and not really for re-sale value.
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jbuck's Avatar
United States
188770 Posts
 Posted 07/31/2012  3:40 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
You have no choice for me.

The choice "Would buy a cleaned coin ONLY in high grade AND the price is right" is the closest, but drop the "ONLY in high grade" part.

I like circulated coins.
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w1a9c8k5's Avatar
United States
1348 Posts
 Posted 07/31/2012  3:55 pm  Show Profile   Bookmark this reply Add w1a9c8k5 to your friends list Get a Link to this Reply
i would only buy cleaned coins if the price was right. I don't mind the condition.
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IndianGoldEagle's Avatar
United States
36782 Posts
 Posted 07/31/2012  5:29 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
I have bought many cleaned coins over the years. My purchase was based on the coin having nice eye appeal and a discounted price.
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Sap's Avatar
Australia
16836 Posts
 Posted 07/31/2012  5:56 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
I voted with the (current) majority, "if the price is right". But for me, there's no such thing as a "high-grade cleaned coin", since cleaning by definition lowers the grade.

However, I collect "one from every country" and if I saw a badly cleaned or damaged coin from a country I didn't have, I'd probably buy it anyway, no matter what the asking price was.

An excellent example of "if the price is right": Back when I was a struggling uni student, I saw a dealer at a coin show offering two otherwise identical 19th century coins from Georgia; one was problem-free at $70, the other was neatly holed for $20. I couldn't afford $70 for a single coin at the time, but I didn't have any coins from Georgia, so I bought the $20 one. I can now confidently say I own a hole that's worth negative-fifty dollars.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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svslav's Avatar
United States
2605 Posts
 Posted 07/31/2012  6:26 pm  Show Profile   Bookmark this reply Add svslav to your friends list Get a Link to this Reply
I do occasionally buy a cleaned coin - provided that it's not a common one, I don't have this type yet, and the price is reasonable.

I always put back in the tray holed, bent, or soldered coins, though sometimes with a heavy heart.
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Mr T's Avatar
Australia
2180 Posts
 Posted 07/31/2012  6:26 pm  Show Profile   Bookmark this reply Add Mr T to your friends list Get a Link to this Reply
I went with "Would buy a cleaned coin ONLY in high grade AND the price is right", but my real approach would be that and the coin is also rare.
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United States
20753 Posts
 Posted 08/01/2012  10:16 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
I buy cleaned coins a lot but only if the price reflects that the coins have been cleaned. If not harshly cleaned, they go into an Album. If harshly cleaned, they become a science project to attempt to restore them to somewhat a natural state. I've done this with many, many coins and it is rather fun.
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