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 Replies: 11 / Views: 2,042 |
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Pillar of the Community
Canada
686 Posts |
Per some recent threads on here, I discovered that ICCS will not assign a grade higher than MS-60 to any Cleaned coins.
I have a Victorian quarter graded MS-60 Cleaned by ICCS. Only the reverse has been cleaned, and I would argue that the obverse is MS-63.
If I was to sell this coin, how should I price it?
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Pillar of the Community
Australia
7096 Posts |
The reverse could be MS66 but as the obverse has been cleaned most serious collectors wouldn't have any interest in this coin. IMHO you can't split grade a coin if it has been cleaned  |
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Pillar of the Community
 Canada
686 Posts |
I get that trout. I don't think the coin will end up in Lantern collection, but there will still be a market for it. And if I'm presented with two cleaned coins, one that is clearly MS-60 to begin with, and the other has a MS-66 obverse, I'd pay more for the latter.
A coin can be graded AU-50 Cleaned, and one way of bidding would be to bid x% of trends for AU-50, another way would be to bid the trends of a coin 1 or 2 grades lower. This is possible because a "true" grade (i.e. grade aside from the cleaning) was assigned to the coin. Uncirculated coins present a new challenge, because no "true" grade was assigned.
Maybe the market doesn't care what the coin would have been, but I'd like to think they would.
Edited by jg86
04/28/2013 8:37 pm
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Pillar of the Community
Australia
7096 Posts |
If I end up with a coin that has been cleaned I simply grade it as "Cleaned". some of the "Cleaned" coins I have are technically quite good but to me once a coin has been cleaned it becomes inferior and I won't assign a grade to it That's just the way I grade my own coins , everyone has different views towards cleaned coins. As they say each to their own  |
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Pillar of the Community
United States
1511 Posts |
Personally I'm one of the ones that doesn't really care what it would have graded, its cleaned and thats it. To me a cleaned coin = basically bullion value, wether VF or MS-66.. Obviously if I had to pick between a VF details cleaned or a MS details cleaned I'd choose the MS, but I wouldn't pay anymore for it than I would the other, well maybe a few dollars but not much more at all. The ONLY time I would buy a cleaned coin is if it was a super key and I couldn't afford a details free example, and of course there would still be stipulations such as eye appeal, no hairlines etc... Otherwise I'd just spend a little more to buy a problem free example. But to each his own, that's just me  |
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Pillar of the Community
Canada
686 Posts |
While I understand both your points (I don't go out and purposely purchase cleaned coins either... I got this one for a very nice price and jumped on it), I don't think it helps me out, because there is a market, you just happen not to be part of it. I did some digging in the C&P (TCNC) database, and it looks as if the Cleaned designation doesn't affect their estimates at all (la dee da), but cleaned coins do regularly sell for about 50% of MS60 trends + fees/taxes etc. I will likely list mine on ebay in June and entertain offers. Thanks for the feedback guys, and if anyone else would like to chime in, I'd love to hear from anyone who has/will buy cleaned coins. |
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Pillar of the Community
Canada
4227 Posts |
I won't touch cleaned coins and, in my experience, except for rare key dates, the only people that don't care are those that aren't able to recognise cleaned coins... with very few exceptions. As far as figuring a value, I'm not sure.
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Pillar of the Community
Canada
2366 Posts |
I have a few cleaned coins in my collection where it's just been too hard/expensive to get a regular one (for example my 5c 1909 Maple (Round) Leaves, Cross/Bow Tie ICCS EF 40 is cleaned). I use 50% as a rule of thumb with maybe a bit up or a lot down depending on how it looks.
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Valued Member
United States
292 Posts |
I was snookered early on with a polished 1921 Peace silver dollar. I keep it just to remind myself, every time I see it, to stay away from cleaned/polished coins. It works.
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Pillar of the Community
Canada
1723 Posts |
I recently had the chance to buy a compete Canadian large cent collection that had been polished. I've had been trying to decide what to do. Buy or not too. Like many have said, most serious collectors would not touch a cleaned coin, however, like JG said, there is still a market for it. There are plenty of buyers out there that would want the coin just because they want the coin. Many are not concerned that a con has been cleaned and rather look at it has an opportunity to own a coin where the details are easy to see and look like it did the year it was produced. I myself like to find uncleaned coins, but never turn my nose at a cleaned one either. For me, it's about owning one coin from each year....that's it. As for pricing, an ebay market will still fetch you near top dollar for cons of AU grade and lower. When it comes to slabbed graded coins, that's another league that I'm not familiar with Another note: I bought that polished set. Edited by samsnate
05/04/2013 08:55 am
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Bedrock of the Community
United States
36841 Posts |
It should carry an "MS details" grade. Price would run somewhere around a low AU coin.
Edited by IndianGoldEagle
05/04/2013 11:59 am
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Valued Member
Canada
190 Posts |
Hi jg, Hope your day's going well... :) I'd love to see some pics of the coin in question...  Also... what is " C&P (TCNC) database "Take care, and Have a Great Weekend! Edited by cameron93
05/04/2013 1:06 pm
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Replies: 11 / Views: 2,042 |
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Posted 04/28/2013 8:37 pm
