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 Replies: 10 / Views: 2,009 |
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Pillar of the Community
Canada
4911 Posts |
As some of you may have read in my posts I am an extremely active hunter of canadian silver dollars and their varieties,
Today I went to my LCS and searched their dollar box for new varieties that I didn't have and I found 5 coins that I wanted
A 1956 dollar with a die crack
A 1937 double HP and 3 1947 blunt dollars with different varieties but all 3 were cleaned.
My questions are.
The coins were in ms 63,ms 60 and ms 60 but all cleaned.
Can a cleaned coin get an ms grade?
Is half price a good price for these cleaned coin? Feel free to call me Will.
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Pillar of the Community
Canada
4944 Posts |
Cleaned coins can get MS grades, but it will have a comment saying "Cleaned" (At ICCS).
Hard to say if half price is good. Some collectors won't even consider a cleaned coin.
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Pillar of the Community
 Canada
4911 Posts |
I usually DONT but consider cleaned coins but I'm hooked on the varieties.
Feel free to call me Will.
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Pillar of the Community
Canada
1751 Posts |
I was under the impression the grading companies will not assign a grade and return the coin body bagged whatever that is? Is there a difference of how the top grading companies treat cleaned coins? Also what does double HP mean?
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Pillar of the Community
Canada
4911 Posts |
It is the initials under the portrait of king George VI
Feel free to call me Will.
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Pillar of the Community
Canada
972 Posts |
If I was you I would be patient and wait until you find the variety's you want that are original coins regardless of the grade.  The "cleaned" coins in your collection will always be the coins you wish you never acquired.  I would much rather have a original EF dollar  than a cleaned MS dollar.  Also if we as collectors are reluctant  to purchase cleaned dollars, maybe this will help detour others from cleaning coins as this will make them hard to sell.  |
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Pillar of the Community
Canada
4944 Posts |
Edited by Canadian-Banknotes
12/21/2013 7:58 pm
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Pillar of the Community
Canada
4911 Posts |
Thanks for the advice everyone. I am think I'll keep the $450 it would have cost and buy a 1953 NSF ms64 dollar instead and then put the rest in the 1848 fund.
Feel free to call me Will.
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Pillar of the Community
Canada
849 Posts |
I'm guessing you meant the 1948 fund. I have one of those funds too.
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Bedrock of the Community
Australia
21786 Posts |
Any coin of significant value if it is up for sale, needs an accurate grade, with the comment 'cleaned' used somewhere in the description.
Trouble is, it is almost impossible for an intending buyer to know to what extent the cleaning may have on the value.
In any purchase, the 'caveat emptor' rule applies.
Therefore and accurate picture of the coin showing the cleaning is needed, for the intending buyer to make his own mind up as to what he would like to pay for it.
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Pillar of the Community
Canada
2366 Posts |
I use the 50% rule as the starting point for a cleaned coin. Discount even further if it's harshly cleaned, visible to the casual glance etc. Obviously I prefer non-cleaned coins but sometimes it's the only reasonable way to get a particularly scarce or expensive variety.
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Replies: 10 / Views: 2,009 |
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Posted 12/21/2013 4:54 pm
