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 Replies: 8 / Views: 1,054 |
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Pillar of the Community
United States
812 Posts |
I have a question about how you place a value on coins with problems. Assume a coin with VF-20 details, but a minor problem (a small scratch, a rim ding, whatever). Do you 'net grade' it down to F-15 or F-12, or do you take 10% or 25% off the VF value?
In some cases these are two ways of arriving at the same number, but for some coins it makes a huge difference. Some coins have F-12 values within 10% of the VF value; some coins have a VF value triple that of the F-12.
I suspect there is no "right" answer, but I'm curious how others approach the issue. Edited by Bilbo
10/31/2007 3:30 pm
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Pillar of the Community
United States
3234 Posts |
Usually I just net the price, but on occasion I'll net the grade as well.
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Forum Mom
 United States
5877 Posts |
This is actually a pretty controversial subject. Many believe that a grade is a grade and that the difference is in the value. However, there are some problems that have to affect the grade. For example, if a coin has corrosion but has Fine details, I feel that the grade itself needs to be lowered. If a coin has been cleaned and has Fine details, then I feel that the only the value should be lowered. I think it comes down to what the particular problem with the coin is. There are a lot of different opinions on this and I'm sure you will get some interesting responses.  |
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Bedrock of the Community
United States
20753 Posts |
To me if a coin is in the lower ends of grading, I don't think minor things wrong should be worried about. Of course if the coin is a rare coin in the way up there price range, that is a little more debateable. But for a normal coin if say in VF-20 and there is a nick on the rim, a scratch on the reverse, etc. I can't see why that should make a difference. Again, if the coin is, for example a 16D Merc, then such things could make a difference.
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Pillar of the Community
United States
3234 Posts |
Hey, Carl, just to be a bit picky. I don't know if you were inferring that a 16D is rare. It's not....it's extremely available...just popular and pricey. Collectors have their choice of them, albeit usually in low grades when looking for them. I would say in the higher grades it is on the verge of a "rare" coin. A 1909SVD is much more common in all grades and not rare at all.
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Pillar of the Community
United States
7123 Posts |
Grade and value are forever tied together irregardless of the rarity of the coin .
VF deatails with corrosion would net possibly as low as G depending on the extent of the damage and the price should reflect the G grade not the details grade .(example)
a coin in the VF range will have or can have a considerable amount of normal distractions ,dings ,dents ,and or scratches and still grade VF although the coin may not be as attractive as one that grades VF without all the distractions ,, these coins are often discounted for lack of eye appeal ,,this is a value only adjustment since techniquely the coin still grades VF.
a coin that grades VF with superior eye appeal may sell slightly above the VF price this is an example of price adjustment also just in the other direction and is a reflection of demand for VF coins with better than average eye appeal .
Damage - Net grade
VF with less than perfect eye appeal - price reduction -minimal demad
VF with superior eye appeal - Priced at or above guide value- increased demand
Metalman
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Valued Member
United States
235 Posts |
I understand thee is a difference between GRADE (wear on the coin) and CONDITION (planchet imperfection or damage during or after minting such as holes, corrosion, etc.). Whenever I bid, I use "grade" as a guide to basic value and then deduct value for "condition." For example, if a draped bust dollar is VG-8 (about $1000) but has a hole, I might bid up to $500. If the hole is expertly plugged, maybe $700. I prefer descriptions in which grade and condiition are separately described. Of coursed, I add value for eye-appea such as toning.
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Valued Member
United States
144 Posts |
I guess a scratch is a type of wear: very heavy wear in a very narrow part of the coin. In the MS range, scratches and nicks are one of the biggest determinants of grade, right?, because there is no "wear" otherwise.
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Pillar of the Community
United States
7123 Posts |
quote:
I guess a scratch is a type of wear: very heavy wear in a very narrow part of the coin. In the MS range, scratches and nicks are one of the biggest determinants of grade, right?, because there is no "wear" otherwise.
The scratch will affect the grade but the coin will still be in the MS grades . it maybe an MS-60 damaged ,,but still MS. and no the scratch would not be considered as wear at least not by me it would be damage. On circulated coins ,heavy bag marks ,scratches ,dents ,dings and a myriad of other things are possible while maintaining a grade level determined by the wear on the coin (details grade) By estimating the amount of details either left on the coin or by the amount of details missing from the coin. what then becomes the prime factor for value is eye apeal ,,since coins showing such distractions mentioned above techniquely grade at a certian level other coins with less distractions but the same details grades will trade at a higher value based solely on eye appeal. Collector demand being the catalyst for the higher than grade value. More collectors desiring the problem free example for the grade than those with problems. Metalman |
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Replies: 8 / Views: 1,054 |
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Posted 10/31/2007 08:36 am
