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Do You Ever Buy Canadian Coins That Have "Problems"?

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glenzy1's Avatar
Canada
1554 Posts
 Posted 10/23/2012  5:53 pm Show Profile   Bookmark this topic Add glenzy1 to your friends list Get a Link to this Message Number of Subscribers
Poll Question
HMMMMMMMMMMM, listed below is a list of criteria that most Collectors use to make their decision on whether or not to buy a problem Canadian coin! We've all seen them before, authentic Canadian coins that are: cleaned, pitted, corroded, rim nicked, whizzed, holed, tampered with, etc.
Now the question is simple: " Do you ever buy Canadian coins that have problems"? There are 13 possible answers listed below, let me know which best suits you! (my answer would be # 6, however, everyone is different in their opinion and I respect that)

Glenn

Poll Choices
 Yes, without hesitation!
 I have, but rarely!
 Sometimes!
 Only if I absolutely need it!
 Only for a filler, till something better comes along!
 Not over my dead body!
 Yes, if I feel I can resell it and make a profit!
 Depends what the coin's problem is!
 Depends on my mood!
 I look at the coin's scarcity/mintage to decide!
 If the eye appeal is reasonably O.K., I will!
 If the price is right I will!
 I refuse to have a problem coin in my collection!

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Windchild's Avatar
Canada
1411 Posts
 Posted 10/23/2012  6:51 pm  Show Profile   Bookmark this reply Add Windchild to your friends list Get a Link to this Reply
I will buy one if it has been dipped or lightly corroded... IF it is discounted (this discount can go to extremes, like my AU dipped PEI cent for 4 dollars)
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Senex's Avatar
291 Posts
 Posted 10/23/2012  7:04 pm  Show Profile   Bookmark this reply Add Senex to your friends list Get a Link to this Reply
Well my answer would be a combination of a few, mainly if the price is right and the eye appeal is there and I feel I can eventually resell it at a profit.
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redlee's Avatar
Canada
170 Posts
 Posted 10/23/2012  8:49 pm  Show Profile   Bookmark this reply Add redlee to your friends list Get a Link to this Reply
All the time, thats all I can afford.
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timnic44's Avatar
Canada
535 Posts
 Posted 10/23/2012  9:37 pm  Show Profile   Bookmark this reply Add timnic44 to your friends list Get a Link to this Reply
I am sure that plenty of people have bought "problem" coins. I have a couple cleaned coins in my collection. Bought these to save money. They look good and I don't have deep enough pockets for the much nicer coin. I have started engraving coins and purchasing a "problem" coin is no big deal since I am going to alter it anyway.
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Canadian_Paper's Avatar
86 Posts
 Posted 10/23/2012  9:56 pm  Show Profile   Bookmark this reply Add Canadian_Paper to your friends list Get a Link to this Reply
If the price is right, play ball.
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Wade's Avatar
Canada
2781 Posts
 Posted 10/24/2012  12:51 am  Show Profile   Bookmark this reply Add Wade to your friends list Get a Link to this Reply
like the others, price/budget vs rarity/appeal

rim dings dont really bother me (not talking hatchet marks!), cleaned and re-toned is ok to.

but then again I am not collecting MS coins. circulated is circulated, they all have 'problems'

holed... NO, never
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Canada
617 Posts
 Posted 10/24/2012  12:51 am  Show Profile   Bookmark this reply Add EastVanRob to your friends list Get a Link to this Reply
As my experience (especially with ebay) grows, the number of problem coins I buy gets fewer.

Dipped a bit is OK, anything else is a no-no for me.
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Anjohl's Avatar
Canada
815 Posts
 Posted 10/24/2012  03:23 am  Show Profile   Bookmark this reply Add Anjohl to your friends list Get a Link to this Reply
I think "if the price is right.." is a wishy washy answer. Anyone would buy pre-68 silver at face value, no matter the condition.
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artdio's Avatar
1844 Posts
 Posted 10/24/2012  08:26 am  Show Profile   Bookmark this reply Add artdio to your friends list Get a Link to this Reply
I also think that is for example an 1890 h Canada 50 cent showed lest say in VF to VF+ but has a some small defect and can be aquired for less than 50% that all you guys who are adamant of NO PROBLEM COINS FOR ME are not going to jump at this extra rare coin ? or say an 1894 same thing maybe an 1870 NO LCW common guys key dates like those would be snapped up in a heart beat especially if you need it....

SURE I know the comebacks..Its better to wait to get the perfect coin...LIFE is to SHORT and these babies seldom ever surface... lets all be 100 % honest here..
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jbuck's Avatar
United States
189222 Posts
 Posted 10/24/2012  09:37 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
but then again I am not collecting MS coins. circulated is circulated, they all have 'problems'
I agree.

Eye appeal is most important to me. I will buy a problem coin (in my experience, that most often means cleaned) if the price is right.

I am talking circulated coins here. MS coins would be different.
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middross's Avatar
Canada
695 Posts
 Posted 10/24/2012  09:41 am  Show Profile   Bookmark this reply Add middross to your friends list Get a Link to this Reply
I buy them for coins that I cannot afford to buy a nice example of. For most coins I hold off for a problem free coin, however I know that there are a lot of coins out there that I will not be able to buy problem free for a very long time. So for those, I don't mind spending if the price is right in order to fill a spot.
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Senex's Avatar
291 Posts
 Posted 10/24/2012  09:46 am  Show Profile   Bookmark this reply Add Senex to your friends list Get a Link to this Reply

Quote:
lets all be 100 % honest here..

I assumed everyone WAS being honest.
Perhaps you have more insight in these matters than I do.
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artdio's Avatar
1844 Posts
 Posted 10/24/2012  10:03 am  Show Profile   Bookmark this reply Add artdio to your friends list Get a Link to this Reply
Senex , I was speaking in general not at any one individual ..I would highly doubt that a true collector would pass up a major key date for the right price unless there is extreme damage..And at that I have also seen coins that are butt ugly damaged and due to rarity they still fetched a heavy price.....
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Canada
632 Posts
 Posted 10/24/2012  12:16 pm  Show Profile   Bookmark this reply Add t_y to your friends list Get a Link to this Reply
For my twoonie core collection: the best I can get.

But I also collect errors (not really a collection, just a parking lot of trading bait for interesting twoonies when I don't have the cash). Each error is unique in its own way, so "problem coin" is not a problem.
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Bm0ney's Avatar
Canada
1005 Posts
 Posted 10/24/2012  2:07 pm  Show Profile   Bookmark this reply Add Bm0ney to your friends list Get a Link to this Reply
No holed coins ever.
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