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 Replies: 13 / Views: 1,014 |
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Valued Member
United States
50 Posts |
General Consensus. Old Gold such as $3 Princess, or even $2.50 Capped Busts. Perhaps not even gold at all. Would you buy discounted if slabbed with Improper Clean Details? I have my own personal opinion on this, but interested in other's takes.
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Valued Member
Canada
189 Posts |
No, I would not buy graded examples of the coins you described with the cleaning details. I only like original coins which hold their value a lot more than cleaned or altered coins.
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Valued Member
 United States
50 Posts |
I've purchased slabbed Cleaned gold at Scrap gold prices. With that being said, a little numismatic value is better than nothing, but given the prices I am a buyer under the right circumstances.
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Valued Member
Canada
189 Posts |
I agree. I would prefer some older coins rather than new gold eagles. Nice find.
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Pillar of the Community
United States
7193 Posts |
I collect because I like the coin. If the eye appeal is there I would consider the purchase.
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Pillar of the Community
861 Posts |
It is estimated that 90% of 'old' gold coins have been cleaned....many, including myself, believe it is more. If you're going to collect rare old gold in problem free holders, you'd better have an unlimited budget.
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Pillar of the Community
United States
1261 Posts |
Quote:
Would you buy discounted if slabbed with Improper Clean Details? Generally, not for my collection unless it was a coin I needed that was unaffordable otherwise. However, if the coin was cheap enough and thought I could flip it and make a few bucks then I'd buy just about anything. |
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Bedrock of the Community
United States
36770 Posts |
In a word, YES. If the coin has nice eye appeal and is priced accordingly I would and do. In the old days cleaning was acceptable so many of the old coins that were in collections got a cleaning to some degree.
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Valued Member
United States
50 Posts |
And those are very, very valid points. Indeed there was a time when it was an accepted practice. TPG's came in and created the new standards of what is value and what is "acceptable". Though I am a buyer into Grading Services for some situations, I don't believe they should be the end all. They are darn near the regulators of the hobby now. I almost wish TPG's only graded label was " Authentic" or " Not Authentic", then leave it to the hobbists. Just my opinion. |
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Pillar of the Community
United States
3253 Posts |
Nice to hear from somebody who feels the way I do about TPGs, joeycoinz!
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Valued Member
United States
50 Posts |
They have their place, don't get me wrong. You want to "Authenticate" Gold or error coins? Fine. How about this. Standard slab fee $29 or $49 per coin, and if you want the assessment, or a grade assigned, make it OPTIONAL and charge another $10 to sucker people.
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Pillar of the Community
United States
3453 Posts |
It would depend on how the coin had been cleaned. If it was a wipe from a long time ago, the eye appeal was good and the price right, yes I would purchase it. It would have to appeal to me. If the cleaning was severe, harsh, or whatever that took away from the eye appeal for me, than I would pass.
While I strive to make smart purchases, I do not flip or sell coins (unless trading for something else) so my criteria is based on what I want and different from someone looking for potential investment.
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Valued Member
United States
50 Posts |
That's a solid answer. I guess I am a hybred. I am not afraid to purchase a "cleaned" or details oriented coin as I to tend to buy on what I want and enjoy, however I do purchase somethings with longterm potential and retirement value. I am 37, I want to look back in 25 years and put together a nice portfolio of both things I enjoy, and things I can unload if necessary. Putting roughly $5K per year into them, you are talking about $125,000 when it's all said and done. Hopefully I have some old gold worth a nice price, and some coins that I can suppliment a retirement with. Social Security will long be dried up by then :-)
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Pillar of the Community
Israel
2420 Posts |
If I like the coin looks, I don't care it is marked cleaned. More than that, cleaned coins you can get close to melt, and if verified you (or your future buyers) don't have to fear it will be a counterfeit .
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Replies: 13 / Views: 1,014 |
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Posted 02/03/2013 11:07 am
