How Do You Determine Value Of Classic Coins With Issues?

To participate in the forum you must log in or register.

Author	Replies: 5 / Views: 1,015
buddy16cat Pillar of the Community United States 1536 Posts	Posted 02/28/2013 7:00 pm As you may know, many older classic coins have some issues including a large majority have been cleaned at one time. How do you determine the value of a coin even with a slight problem? For instance, this coin below has been cleaned. It has nice details though and to me still looks kind of attractive. How would you determine a fair price to pay for it? Report this Post to the Staff

EFLargeCents Pillar of the Community United States 1304 Posts	Posted 02/28/2013 7:29 pm In this instance, an 1853 Large Cent, there are so many high grade examples on the market that I would avoid it. Something like 6.6 million of these were minted in 1853, the second highest mintage of the series, finding one problem free should be easy and won't break the bank. This appears to be XF Details Cleaned/Environmental Damage. I have a hard time putting a value on it because of the availability of nicer examples. Report this Post to the Staff
denco7 Pillar of the Community United States 2543 Posts	Posted 02/28/2013 7:51 pm Generally speaking, the market decides the worth of problem coins. With low mintage and scarce coins, I have seen some problem coins go for crazy money. Not so much to dedicated collectors but to people that just want a particular coin in their collection. A 1909 s Indian penny or a 1928 P Peace dollar, I have seen some 1889 CC Morgans that have obviously been harshly cleaned, tooled or filled go for hundreds and hundreds of dollars, just because there nare always people who will sacrifice quality for affordability. On common coins, there is always a market, but for pennies on the Red Book dollar. With different levels of collectors, there is always someone but the value lies in who wants it, when and how bad at that particular time. I don't think you can set a value based on say , a percentage of a non problem coin. Report this Post to the Staff
buddy16cat Pillar of the Community United States 1536 Posts	Posted 02/28/2013 9:03 pm Yes, I agree. It can be difficult to determine the value of problem coins even though there is actually a market for them. I have seen people buy large cents, Shield nickels, 2 cent or 3 cent pieces, Seated coins, bust coins, and more in all sorts of conditions but the coins with issues are difficult to put a price on. I guess the best thing to do with those is list them on ebay with the very minimum amount you will accept as the starting bid or just start them at 99 cents with free shipping. The problem free coins are a lot easier to determine the value, you look at all the guides including graysheet, RedBook, and Numismedia. Edited by buddy16cat 02/28/2013 9:06 pm Report this Post to the Staff
trdhrdr007 Pillar of the Community United States 2335 Posts	Posted 02/28/2013 9:19 pm If the coin is priced right with good eye appeal I can live with a minor problem. If it's a major problem(harshly cleaned, environmental damage, corrosion) I don't want it at any price. As far as a fair market value I'd look at completed ebay auctions, throwing out any results that were unusually high or low. Report this Post to the Staff
buddy16cat Pillar of the Community United States 1536 Posts	Posted 02/28/2013 10:03 pm This coin was part of a lot. I missed the part that the coins have slight problems. One coin was altered to look like a 1815 to complete a date run since there is none and the other had slight verdigris and I soaked it in Verdi-care and it came off. They said it was porous but don't see a major issue with it: Here is one I found that I bought with a large lot of V nickels. I am sure someone would like the date cheap but as you can see, it is a VF Details--Very Ugly graded coin. Report this Post to the Staff
	Replies: 5 / Views: 1,015

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.27 seconds to rattle this change.