Value/Grade Downgrade For Damage Question?

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Author	Replies: 4 / Views: 949
jpo Valued Member United States 54 Posts	Posted 08/13/2012 3:04 pm I'm sure this has been asked before but since I am celebrating my 50th post I just decided to ask away. Let's say you have a coin with moderately significant value for illustration purposes only let's pretend this coin is something like an 1895-S Morgan in VF condition. I'm looking at a retail store that has that coin for $1099. Now let's say that coin has a decent sized gouge in the rim. Let's say like this coin I saw in another thread. And that damage is limited strictly to the rim. How do you value that coin? Edited by jpo 08/13/2012 3:05 pm Report this Post to the Staff

cc99999 Pillar of the Community United States 1302 Posts	Posted 08/13/2012 3:30 pm No Grade- whatever details... if it's a truly rare date it'll sell for maybe 25% of book, maybe a little more. Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 08/13/2012 3:34 pm Valuation becomes pretty personal with things like this. Obviously that would slab Details only, but where a cleaned or Environmental Damage detail on the surfaces would drop the value by 50% or more, I think this one would fetch a little more than that. Report this Post to the Staff
Las_Vegas_Larry Pillar of the Community United States 817 Posts	Posted 08/13/2012 5:41 pm Please show pics of obverse and reverse. I have see some prety bad defective planchets cracks that may even add to the value of a coin. Report this Post to the Staff
IndianGoldEagle Bedrock of the Community United States 36841 Posts	Posted 08/13/2012 5:45 pm A coin that badly damaged can only be sold as a cull/filler, throw the book away on value as it ranks the same as a coin with a hole in it. Report this Post to the Staff
	Replies: 4 / Views: 949

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