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 Replies: 9 / Views: 5,895 |
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New Member
United States
9 Posts |
Hi from California! I've been collecting silver U.S. coins for a while now and have just started to get into gold. (working backwards in time) I received a buffalo that looked like it had a small ding in the rim while in the vacuum sheet. Sure enough, as I extracted it and placed it an air-tite holder it was clear as day. How much would this devalue the coin, and is it a common cosmetic issue for these? I don't know how much condition plays into the value of modern coins. I'm not too concerned as I got it at a good price, I just love to nitpick the condition of my new purchases. :) Thanks for the help! ~Eric  |
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Pillar of the Community
Canada
5417 Posts |
Yep, looks like a dent, if you bought it second-hand (Meaning not directly from the mint), then it is PMD, reducing the coin's value to melt or very slightly over depending on how bad it looks in hand. Condition definitely plays a role in the value of any coin. However, for Bullion, the coin is worth atleast melt usually with a premium if it is rare, low mintage or issued by a credible institution such as the US or Canadian Government (Buffalo's Eagles, Maple's, Panda's etc.) Because it was issued recently and in some quantity, there will be Ten's of thousands of pieces readily available in mint condition, thus making your coin worth melt. Ask yourself: Why would anyone pay the same for a damaged coin as for a similar coin without damage? If you bought it recently, from a reputable dealer like MCM or APMEX you should be able to return it or exchange it (Which I highly recommend). Anyway, I  you to CCF! Edited by zxcccxz
04/12/2014 1:23 pm
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Pillar of the Community
United States
1511 Posts |
^^ well said and  100% And Edited by NathanASE
04/12/2014 1:25 pm
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New Member
 United States
9 Posts |
Thanks for the quick replies and the warm welcome! It was APMEX as a matter of fact, and I'll be calling them Monday regarding a replacement. Hopefully it's not too much of a headache seeing as how I removed it from the sheet. This is the first new coin I've ordered so I didn't know if it was just to be expected. In the future I'll go over newly minted coins very thoroughly, preferably with a magnifier. |
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Valued Member
United States
170 Posts |
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New Member
United States
9 Posts |
I've had several orders with APMEX and all have been to my expectations, so I'm hoping they take care of me on this one. If they don't, there's no reason I can't shop elsewhere. This is a picture of the wrap it was in, you can see the puckered plastic. I thought it was just the over-wrap at first until I removed the coin.  It looks like it protected it somewhat as the wrapper's deformation is much more than the coin's. Is it possible it was damaged before it was wrapped or are these scrutinized pretty hard before being sent out?  Edited by eric_f
04/12/2014 4:04 pm
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Valued Member
United States
109 Posts |
Ok, new here, but I would have to think APMEX's point of view would be you could have caused the damage when you removed it. NOT saying you did, but I'm sure they will look at it this way. |
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New Member
United States
9 Posts |
I was thinking the same thing, but I'll try for the exchange anyway. Hindsight is 20/20.  |
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Pillar of the Community
United States
8516 Posts |
Once you've removed it from the plastic it's yours. They might offer you their buy back price but I would be surprised if they do a swap. You never know though.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Pillar of the Community
United States
5207 Posts |
That's a bummer. I guess that's one of the downfalls of buying a coin sight unseen and not slabbed from a stock picture. I got stuck with an ATB 5oz bullion with a lot of big nasty scratches on it from Vally Coin but it wasn't worth paying to ship it back. |
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Replies: 9 / Views: 5,895 |
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Posted 04/12/2014 1:24 pm
