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Cleaned Coins In The Real World.

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Pillar of the Community
tkbslc's Avatar
United States
1158 Posts
 Posted 07/07/2014  12:54 am  Show Profile   Bookmark this reply Add tkbslc to your friends list Get a Link to this Reply

Quote:
Why not build a small collection of only quality coins? I wish someone had asked me this question when I started my collection but I foolishly started with quantity over quality. I think it was because I did not realize how much I would love what I was getting into or how much I would end up investing. It sounds like you might be able to learn from others' mistakes.
~jack



I wonder if you'd have ever gained an appreciation for coins if you'd not have gone through the quantity phase. I know that I look at $1,000+ listings for rare date high grade certified coins and I just don't get it at this point. Besides,unless you make a major boo-boo, it's not like these won't sell on ebay for what you paid for them after you decide what you really want to collect. Right now, I don't even know what most of these coins look like in person. For example, I just saw a Morgan dollar today and was shocked at the size and weight.

Let's just say it's hard for a newbie to pick a slabbed XF-40 coin that is definitely not cleaned over a MS grade, but maybe cleaned coin, for the same price, and then say you are adding a higher quality coin to your collection.



Edited by tkbslc
07/07/2014 12:56 am
Valued Member
EndTheFed's Avatar
United States
88 Posts
 Posted 07/07/2014  01:06 am  Show Profile   Bookmark this reply Add EndTheFed to your friends list Get a Link to this Reply
All,

I am the first to jump in line and complain about the cleaned coins, but I think we are missing the bigger point here! There are TWO separate issues!

1. When a dealer ADVERTISES a coin as GEM-BU, knowing full-well it is CLEANED - that is deceptive, and wrong, and what goes around comes around.
2. Collecting album fillers and the like, to each his own!

...At the end of the day, we should ALL be THANKING the kids, little old ladies, hotels steaming their coins, and every other example above - THANKS TO THEM for cleaning the coins!! If they did NOT clean those coins, the coins we mostly have would probably NOT be rare and valuable! So, thanks to all HONEST historical coin cleaners - you helped to "thin out" coins that were minted in the millions and sometimes hundreds of millions! Thanks to your neglect, misuse, and abuse, albeit in an HONEST way, you have whittled down the RARE coin pool to something that makes those mintages worthwhile for all of us collectors!

...But to those dishonest folks advertising intentionally with deception, you don't get the same love and adoration...

-EndTheFed
Valued Member
pawpaw34's Avatar
United States
331 Posts
 Posted 07/07/2014  6:09 pm  Show Profile   Bookmark this reply Add pawpaw34 to your friends list Get a Link to this Reply
Have to agree with the Fed here.

Bottom line is collect what you like and be happy.
Pillar of the Community
jgenn's Avatar
United States
1156 Posts
 Posted 07/07/2014  10:03 pm  Show Profile   Bookmark this reply Add jgenn to your friends list Get a Link to this Reply
tkbslc, believe me I understand the temptation to take a chance on a raw coin that you have only seen in a photo. In my experience it has been frustrating to have many of these come back from grading in details slabs.

But sometimes one TPG calls it Details, and the other calls it Awesome!

PCGS just posted the grades for my latest submission this afternoon. I sent a couple of raw coins and a bunch of crackouts from NGC details holders (these were raw coins that I submitted to NGC). They were mostly disappointing results but my raw Ecu got AU58 and 2 AU details 8 reales ended up as AU58 and MS62.
Bedrock of the Community
biokemist6's Avatar
United States
12437 Posts
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