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Pocket Pieces For The Purpose Of "Improvement:" OK Or Not?

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SsuperDdave's Avatar
United States
23522 Posts
 Posted 11/13/2013  11:41 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
Do I thank the person that doctored it for giving my Dad so much joy in the ownership of this coin ? Do I stop my efforts to keep counterfeiters, crack-out artists and such out of the hobby because there are thousands and thousands of people out there with coins in their collections that they have waited a lifetime to own, that will spend the rest of their lives never knowing that their coin is counterfeit, doctored, or an ungradeable crack out ?


No, of course you don't do any of that. No reasonable collector would.

If it's in your ability, by simply carrying that coin in your pocket for a while, to return it to a state where every_single_numismatist who looked at it, to include the most prominent experts, agreed that it was "market acceptable" (don't forget, cleaning used to be "market acceptable), do you do it?


Quote:
I'm willing to bet some/many of the coins in the Everyman's Collection PCGS registry sets have been created through recent wear. How many of the AU58 coins listed were once low end MS60? All you need to do is take a low end MS coin, carry it around a little and you have an AU58.


More than a few. I've seen it discussed openly, by highly-respected members, in other fora although the coins in question are almost always Details candidates otherwise.

Because if it's in your ability to right a wrong, you do it.
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52Raymo's Avatar
United States
8518 Posts
 Posted 11/13/2013  11:51 am  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
Rock tumbler or pocket of change, pretty much the same thing. One just makes you feel better about what you've done.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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jeffrose's Avatar
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1432 Posts
 Posted 11/13/2013  12:18 pm  Show Profile   Bookmark this reply Add jeffrose to your friends list Get a Link to this Reply
SsDd - - excellent idea for a thread. I, too, have followed the threads that caused you to initiate this. This is very much like a religious discussion. You will have people on both sides with their own valid reasons for what they believe and no matter what the other side offers, they probably will not change their opinion.

Myself, I have always had pocket pieces. The reasons for each are varied. One of my current examples is an 1893 Columbian Half I plucked out of a junk bin @ melt. It looked terrible. After 14 months I am very happy with the improvement. I apologize to SsDd for the possible retinal damage he may suffer after viewing my out of focus after image. I basically want to show the difference in eye appeal.

Pocket-Pieces-For-The-Purpose-Of-

Demarco - - you asked for before and after pics. My question to you is: If you were a buyer on a budget and the two coins above were side by side at the same price, which one would you take home?
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jbuck's Avatar
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189502 Posts
 Posted 11/13/2013  12:18 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I collect circulated coins. There is no doubt in my mind that most, if not all of them, spent time in someone's pocket. I do not know why they were in the pocket or for how long, and that does not matter. The only thing that matters is what the coin looked like to me when I decided to add it to my collection.
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52Raymo's Avatar
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 Posted 11/13/2013  12:24 pm  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
Ohhhh I like the before on the Columbus, gorgeous look to it ! I may have soaked it in acetone for a bit but that's it.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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denco7's Avatar
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 Posted 11/13/2013  12:33 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply

Quote:
I collect circulated coins. There is no doubt in my mind that most, if not all of them, spent time in someone's pocket. I do not why they were in the pocket or for how long, and that does not matter. The only thing that matters is what the coin looked like to me when I decided to add it to my collection.


But is that what we are talking about here ? Or are we talking about the ethics of knowingly taking or "cracking out" a damaged or details coin, expediting "honest" wear for the purpose of re-instilling value back into the coin. (for purposes of resale?)

We are not talking about wanting to know how every coin in our collection was worn ? Are we ?
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Demarco Bishopp's Avatar
United Kingdom
548 Posts
 Posted 11/13/2013  12:43 pm  Show Profile   Bookmark this reply Add Demarco Bishopp to your friends list Get a Link to this Reply
@jeff

Both those coins look rather haggard so I cannot honestly say which I would choose.

My personal view on the matter is that once a coin is a part of my collection, regardless of the condition, it ought to suffer no further alteration. Everything from a proof sovereign to a beaten up old 1797 penny I aim to preserve so that in the years to come it will look no better and hopefully no worse than when it came into my possession. No alterations. The coin goes straight into a capsule or a 2x2 and that's it.

Edit:
We talk a lot on this website about being temporary custodians of coins that were here long before we were born and will probably be here long after we die. I think the problem is that a lot of people buy and sell coins regularly and so they are driven to doctoring their coins or trying to undo the damage that someone else did so as to increase the marketability of the coin.

I'm not into any of that. My coins were mostly inherited and I have no intention of parting with any of them.

Edited by Demarco Bishopp
11/13/2013 12:52 pm
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SsuperDdave's Avatar
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 Posted 11/13/2013  12:50 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
But is that what we are talking about here ? Or are we talking about the ethics of knowingly taking or "cracking out" a damaged or details coin, expediting "honest" wear for the purpose of re-instilling value back into the coin. (for purposes of resale?)

We are not talking about wanting to know how every coin in our collection was worn ? Are we ?


You guys are deciding that.

My personal agenda here is to make the point, "The coin you're holding passes every expert numismatic standard for an honest, original-surfaces coin. Why, then, does it matter how it got there or what it was before?"

Now, I personally have a hard time looking at a lowball Ike and seeing anything but deliberate conduct or a long-term, intimate relationship with a slot machine. But anything pre-1970 or so is fair game.
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wheatchaser140's Avatar
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2368 Posts
 Posted 11/13/2013  1:03 pm  Show Profile   Bookmark this reply Add wheatchaser140 to your friends list Get a Link to this Reply
I say it would be acceptable. You're not polishing, whizzing, or chemically cleaning anything. The type of wear the coin is receiving is the same wear it would have experienced in circulation.
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kbbpll's Avatar
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4233 Posts
 Posted 11/13/2013  3:00 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
I'm with Demarco Bishopp. Well said.
Deliberately doing something to a coin for the purpose of value just feels wrong to me, no matter how innocuous. Are you going to tell the person you sell it to what you did? It's not unreasonable to expect that sometime in the future this might be easily detectable and get details of "artificially circulated".
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 11/13/2013  3:19 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
It's not unreasonable to expect that sometime in the future this might be easily detectable and get details of "artificially circulated".


Well, that's the point - it is unreasonable to expect. Pocketing a coin wears away, forever, any evidence that it was ever cleaned. And it does it at the exact same speed, the exact same way, that every circulated coin in history has worn.
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Demarco Bishopp's Avatar
United Kingdom
548 Posts
 Posted 11/13/2013  3:52 pm  Show Profile   Bookmark this reply Add Demarco Bishopp to your friends list Get a Link to this Reply
Are you sure about that Dave?

I don't think coins generally just sit in peoples pockets for months on end. In addition to that and to put convincing wear on your coin you need to drop it in the street at least a couple of times and, if possible, have it pass through a young child's digestive system.
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biokemist6's Avatar
United States
12437 Posts
 Posted 11/13/2013  4:30 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply

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The fact that one uses no tools or chemicals and it takes a year, does not change the fact that it is an attempt to bring value back to a damaged coin by a deliberately " doctoring " the surfaces.


IMO, it has nothing to do with value and everything to do with eye appeal. The only way to remove traces of a harsh cleaning is to wear the coin down by at least one grade so how would taking the grade from AU to EF increase the value of a coin? However, in the majority of cases, an EF with honest wear will have greater eye appeal than an AU covered with hairlines.
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denco7's Avatar
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2543 Posts
 Posted 11/13/2013  4:58 pm  Show Profile   Bookmark this reply Add denco7 to your friends list Get a Link to this Reply

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IMO, it has nothing to do with value and everything to do with eye appeal. The only way to remove traces of a harsh cleaning is to wear the coin down by at least one grade so how would taking the grade from AU to EF increase the value of a coin?


It has everything to do with increasing the value of the coin. An XF " honest wear " coin is infinitely more valuable to a collector than an " AU Genuine Details " coin.


Quote:
And it does it at the exact same speed, the exact same way, that every circulated coin in history has worn.


I don't think that is entirely accurate either. Coins are pocketed,then stuffed in a drawer, pocketed again, put in the bank, kept in a roll for a decade. Given out as change again. Toning, patina develops and is worn by circulation again.

Putting it in your pocket with other coins for a year (or in a tumbler with other coins for two weeks) attempts to mimic the speed and manner in which coins age and are worn.

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kbbpll's Avatar
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4233 Posts
 Posted 11/13/2013  5:12 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
I politely disagree with you SsDd. I think an archaeologist with the right equipment could tell you whether the wear occurred 100 years ago or within the past year. But my main question is still "Are you going to tell the person you sell it to what you did?"
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