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1925 Australia Penny Gamble Or Not?

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enworb's Avatar
Australia
4411 Posts
 Posted 02/13/2013  07:25 am  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
Dont soak them! I just wipe them gently with a cotton bud and a very little bit of oil. Once I have oiled them I acetone them to remove all of the oil. The oil is acidic and if its left on the coin it can discolour it. Trying to remove some of the grub is a gamble. If youre selling that coin I would leave it as is and let a potential buyer take the risk.
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 02/13/2013  08:32 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
The '25 Penny gamble or not?
Gamble.
The field around the '9' is a bit rough, and the '5' looks a bit sus. to me, but I could be wrong, therefore,
Gamble.
Patination is good.
Valued Member
Cointosser77's Avatar
United Kingdom
195 Posts
 Posted 02/13/2013  09:03 am  Show Profile   Bookmark this reply Add Cointosser77 to your friends list Get a Link to this Reply
Not sure yet if I want to gamble or not

I made a photo which looks different than the scan and around 9 it is slightly rough but the 5 looks ok to me

1925-Australia-Penny-Gamble-Or-Not?
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sel_69l's Avatar
Australia
21788 Posts
 Posted 02/13/2013  09:13 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
With the '25, there is a small step or a small dent on the outside curve of the '5'. I can't quite make up my mind about that.
Valued Member
Cointosser77's Avatar
United Kingdom
195 Posts
 Posted 02/13/2013  10:09 am  Show Profile   Bookmark this reply Add Cointosser77 to your friends list Get a Link to this Reply
So that would make it less than VF?

I have another one 1918 in slightly worse condition though probably will be less risky gamble:)
Valued Member
Cointosser77's Avatar
United Kingdom
195 Posts
 Posted 02/24/2013  09:45 am  Show Profile   Bookmark this reply Add Cointosser77 to your friends list Get a Link to this Reply
I did see on ebay that there's people having them for £150-300 as Buy it Now and I haven't found one as nice as mine. Maybe I shall invest 40p in a £800 buy it now with best offer then or I will give this one to my son when he's older.
Decissions decissions, shall sleep once more over this:)

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enworb's Avatar
Australia
4411 Posts
 Posted 02/24/2013  7:12 pm  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
You have to remember that whilst your coin is technically a higher grade it has quite a few problems. If you hang onto it they will get worse and worse. It is almost certainly going to lose value over the coming years. In my opinion because of these problems the most you could get out of it would be 200 pounds, certainly no where close to 800.
Valued Member
Cointosser77's Avatar
United Kingdom
195 Posts
 Posted 02/25/2013  09:24 am  Show Profile   Bookmark this reply Add Cointosser77 to your friends list Get a Link to this Reply
enworb: Nice try, I am more convinced to hold on to that one now
I think older coins are much less volatile than say Silver Bullion.

I don't think they will lose value over time, probably the opposite, and in a few years it will be even more especially with worldwide inflation, ok unless someone finds a bunker with hundreds of uncirculated ones stashed away and puts them all on ebay at once
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appleangel07's Avatar
Australia
1607 Posts
 Posted 02/25/2013  09:51 am  Show Profile   Bookmark this reply Add appleangel07 to your friends list Get a Link to this Reply
Maybe you should think about sending it in for restoration & then slabbing it if your going to keep it.
Valued Member
Cointosser77's Avatar
United Kingdom
195 Posts
 Posted 02/25/2013  09:56 am  Show Profile   Bookmark this reply Add Cointosser77 to your friends list Get a Link to this Reply
Where can you get coins restored in the UK? I don't see the point though of restoring, remove the crust? give it a coat of something? I think this might actually ruin it and decrease value rather than add value.

Slabbing it is definetly on the list to do, then again, where to do it in the UK?
Edited by Cointosser77
02/25/2013 10:03 am
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enworb's Avatar
Australia
4411 Posts
 Posted 02/25/2013  5:11 pm  Show Profile   Bookmark this reply Add enworb to your friends list Get a Link to this Reply
You have a problem coin. Problem coins get worse. The little corrosion that is there now will grow and the coin will become worth less if it is left how it is. Non problem coins will probably appreciate as you say.

You could consider sending it to NCS. They are associated with NGC and I've heard reasonable results from them.
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stevo1962's Avatar
Australia
908 Posts
 Posted 02/25/2013  5:52 pm  Show Profile   Bookmark this reply Add stevo1962 to your friends list Get a Link to this Reply

Quote:
You have a problem coin. Problem coins get worse.


If you dont take action against the verdigris it will eat into the coin eventually.I dont like the look of the spot behind the kings head.It may have already started to corrode the coin which will cause a big reduction in price if that's the case.I think that your best 2 options are to either sell now or get it conserved straight away
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