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 Replies: 20 / Views: 3,283 |
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Pillar of the Community
Canada
3690 Posts |
I purchased this coin on-line recently from a notable dealer and was very surprized when it arrived in the mail. My question to you is; what value would you place on a NCLT coin in this condition? What you see is the coin with no capsule.  |
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CCF Master Historian of USA Commemoratives
 United States
12284 Posts |
For me, in its current state, it would be valued significantly below the current retail for the piece. I would say 50% of going rate for an unimpaired piece or just above melt (whichever is greater). As you can tell, I'm not very forgiving when it comes to impairments on modern NCLT.
I wonder if a bit of acetone would remove the stains?
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
Canada
2124 Posts |
I would say just it's metal value.
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Pillar of the Community
 Canada
3690 Posts |
I tend to agree. To me, it's basically worth a few dollars for the silver content but I'm curious if others are willing to live with impaired NCLT.
Like you commems, I expect NCLT in my collection to be perfect, including the packaging (one of the other coins I received has a damaged COA), especially when purchased from a dealer; unless they note otherwise and severely discount the selling price.
thanks for the feedback.
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Pillar of the Community
Canada
1528 Posts |
I am not too picky on bullion coins and I even willing to extend it to semi numismatic like the wildlife series with milk spots. But when it comes to NCLT, I am super picky. There's a reason why we pay the premium for these NCLT coin. Personally I wouldn't keep this coin. As for value, I would say melt value.
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Pillar of the Community
Canada
2124 Posts |
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Bedrock of the Community
Australia
21788 Posts |
That's one of the problems with modern NCLT: A very small blemish reduces it's value, almost to melt.
They are difficult to sell at much above melt value.
Not so with NCLT that may be more than 100 years old:
For instance, proof British Five and Two Pound pieces of Victoria, where the % reduction in value is much less.
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Pillar of the Community
Canada
1502 Posts |
careful with acetone, the enamelling might come off.
Well said. The premium has to account for something. If it's not perfection, then what.
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CCF Master Historian of USA Commemoratives
United States
12284 Posts |
Quote:
careful with acetone, the enamelling might come off. Absolutely! I should have been more specific - I was thinking more of a spot treatment with a cotton swab vs. a dip in acetone. Good catch! Collecting history one coin or medal at a time! (c) commems. All rights reserved.
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Pillar of the Community
Canada
2984 Posts |
Why didn't you ask for a refund from the seller?
If you can't try:
1. Just water and wet cloth and wipe.
2. Wipe with Eyeglass cleaner solution or wipes.
3. Try a little sticky tape
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Pillar of the Community
Canada
3690 Posts |
I contacted the dealer yesterday after I opened the package and am awaiting their response.
The spots are rust and likely etched into the finish.
Edited by CC-Ottawa
09/21/2013 3:41 pm
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Pillar of the Community
United States
2408 Posts |
I would ask a refund. I cannot believe this seller did not see the oxidation spots. As I seller myself I would never ship a coin in this condition. Maybe this was an oversight, but really... that obvious?
EDIT: Don't do anything to the coin to try to fix it. There are other opportunities out there. Don't waste your time.
Edited by canadian_coins
09/22/2013 10:13 pm
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Pillar of the Community
Canada
2366 Posts |
You MIGHT be able to get 50% of the value of an undamaged coin (note I didn't say list value) but you'd have to work at it. I expect the dealer will make it right for you though. If not, let us know!
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Pillar of the Community
Canada
2366 Posts |
p.s. is this the nickel or the silver version?
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Moderator
Canada
10458 Posts |
Silver. The nickel one was not a proof strike. Looks like good old-fashioned silver toning spots to me... Not damaged per se, but maybe a Q-tip with diluted silver dip, then a distilled water rinse, and pat dry, might help. Ignore the advice above - DO NOT "wipe" anything on a proof strike coin - you'll then have a damaged coin for sure.
"Discovery follows discovery, each both raising and answering questions, each ending a long search, and each providing the new instruments for a new search." -- J. Robert OppenheimerContent of this post is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License. See: http://creativecommons.org/licenses...0/deed.en_USMy eBay store
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Pillar of the Community
Canada
3690 Posts |
I won't be trying to 'fix' this coin even if I thought I could. The dealer has offered a replacement coin so I'm happy with that  . I guess I'll give them the benefit of the doubt that the coin oxidized in the case after they put it into their inventory and they didn't notice before shipping it to me. I will say the capsule was open when it arrived in the mail and it is not airtight as all. I think this all points out how extremely fragile our 'investments' in NCLT are. Just slight damage can severely affect value so what happens in 50 years? Will we be able to keep our coins in perfect condition? And if not, will they be worth anything more than melt value..... |
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Replies: 20 / Views: 3,283 |
Posted 09/20/2013 6:49 pm
