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 Replies: 14 / Views: 1,823 |
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New Member
United States
14 Posts |
Hi, I had a very rare 1912 chinese coin that was appraised at $800.
However, the dealer rescinded the offer when he saw two very small marks on the side of the reeded rim -- he said that it meant it had been used in jewelry and now the coin was worth nothing.
Is this true? I sent it off to NGC to get certified anyways..
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New Member
 United States
14 Posts |
Sorry I don't have any pics -- sent off to NGC already
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Valued Member
Canada
220 Posts |
Impossible to say anything in this regard without seeing pictures. If the coin shows definite evidence of having been used in jewellery, ie. mounting marks, it'll come back to you in an NGC "bodybag", with a note stating as much...
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Bedrock of the Community
United States
14454 Posts |
ex jewelery doesn't make a coin worthless, it will bring the value down but a rare coin is always going to be a rare coin.
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Pillar of the Community
United States
1436 Posts |
 I agree w/ Bryan1315. A rare coin is a rare coin no matter what condition it is in. I agree in the fact that the value is decreased due to "damage", however, sometimes I think the decrease in value is sometimes over-exagerated by others to get a better deal... |
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New Member
United States
14 Posts |
thanks for the answers guys :) here's the coin in question, except mine's in better condition (AU-55 ish): http://www.ebay.com/itm/China-20-Ce...em460787b1fbto be honest, the marks were very subtle... just a little medal over the reeding of the coin on two points. maybe he was just trying to cherrypick me? |
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New Member
United States
14 Posts |
by the way, he said that the value went down from $600-800 to about $4. he seemed like an honest guy though...
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Pillar of the Community
United States
3486 Posts |
Coin collectors all have different standards.
Some are more flexible than others.
If the coin was indeed used in a piece of jewelry, then its description would be:
XXX coin. Technical grade YY. Ex-jewelry piece.
A rare coin is and will always be rare.
The amount of damage and/or distracting marks can only be determined by an up close examination.
You did wise to do what you have done.
I would be more concerned with evidence of cleaning than solder residue.
ALWAYS go with your gut feeling!
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Bedrock of the Community
13014 Posts |
Quote:
Coin collectors all have different standards. Some collectors wont touch coins that have even the slightest damage while others will see that as an opportunity to own a coin that otherwise would have been out of their price range |
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Pillar of the Community
United States
1436 Posts |
w/ basebal21. Poor collectors like myself  will always try to get the best coin they can even though it may have previously been cleaned, minor damage, etc... |
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Pillar of the Community
Australia
3831 Posts |
IF it's genuine, it's worth a fair amount. Unfortunately with Chinese coins, there's just too many counterfeits around. I wouldn't be too concerned about the damage yet - what's more important is to establish if it's a fake or not.
My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Pillar of the Community
Australia
3831 Posts |
Did forget to mention - even with the damage, that particular coin is worth a fair amount. I wouldn't say it would drop down to 4 dollars. I'm certain that he wants to rip you off big time so that he can make money if he buys it cheap off from you.
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Pillar of the Community
Philippines
1156 Posts |
..perhaps the word "worthless" may be in preparation before asking for a big discount?  |
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New Member
United States
14 Posts |
It definitely is real -- I've had it examined several times in china. Nobody ever picked up on the slight edge marks though.
So what happens of NGC determines it is real but used to be in a necklace? Will they still slab it to determine that it is real?
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Bedrock of the Community
13014 Posts |
Im pretty sure they would slab it as damaged or something along those lines
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Replies: 14 / Views: 1,823 |
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Posted 09/25/2012 11:35 am
