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 Replies: 11 / Views: 2,420 |
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Valued Member
United States
58 Posts |
Hi, I am curious to know what you guys think of coins that are given details grades, surface scratches, corrosion, environmental damage, etc. My main question is how much does this effect value, even in situations where the coin still has good eye appeal? Is there a general rule that one should follow when looking at such coins? I have gotten a few details coins from time to time, mainly if they have a good look too them. Any pointers or advice when dealing with this type of situation would be great, thanks, Torpedo.  This is a 1913 A Prussia 100th Anniversary of the Defeat of Napoleon, NGC MS 65   |
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Pillar of the Community
United States
1156 Posts |
As I transition from being a set collector to a type collector, my opinion of details coins has dramatically changed. Many of the coins for my 8 reales sets were purchased raw and submitted to NGC. It is painful to be the recipient of details grades in that case and lots of those coins will be difficult to sell for what I paid for them. Some of these have been borderline and I've gotten good results from cracking out the most promising and sending them to PCGS.
On the other hand, when I buy just because I like the look of a coin, I have no problem with details coins with good eye appeal, with the caveat that I am not paying anywhere near the price for a problem-free example.
I think I've earned enough coin karma by being the details submitter to get the benefit of being the details buyer.
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Bedrock of the Community
Australia
21786 Posts |
Depends on the extent of the 'details'.
The extent of the loss of value is in the eye of the intending buyer.
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Pillar of the Community
United States
757 Posts |
I also think it depends on the coin itself. For example a 64 Kennedy half that was cleaned I would pay melt. Now if it was a 1795 flowing hair dollar that was cleaned I'd be willing to pay a few thousand for that. Some of the older stuff you are going to have to have some deep pockets to even think about touching them in a non details grade, so people are willing to overlook it to acquire one for their collection. |
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Pillar of the Community
United States
1316 Posts |
I agree that it affects different coins differently. For coins that are highly commoditized such as modern anything and even Morgan dollars, a Details coin can be very difficult to sell without a steep discount because it is so easy for the buyer to find a problem free alternative. A Details grade on these can almost return its value back to scrap. But for the scarcer and especially the truely rare stuff where demand far surpasses supply, the impact is less because for a lot of people, that coin might be the only one to come around for a while in that reachable price range and prices will be supported although it's Details. Edited by Collects82
10/28/2015 1:49 pm
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Pillar of the Community
United States
4867 Posts |
A coin may in mint state condition but if there were toning I'd likely find it undesirable. Toning is all about eye appeal to you. To me it looks terrible as that's not how the coin was meant to be.
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Valued Member
United States
467 Posts |
Details, cleaning, damage, etc. pretty much ruin it for me.
I would rather have a lower grade coin that is not details than a higher grade coin that is details-- but that is personal preference.
I know it is supposed to be about the coin...but I also have personality tics that get in the way of it being just about the coin. I try to make my coins flow and have consistency...so if I am collecting non-damaged, non-cleaned coins...I have trouble having one suddenly pop up that is cleaned or damaged, even if it is older or rare. However, if the whole dansco page, or collection were to be damaged or clean-- I would have no problem with it then.
So if the coin was nice enough and I was willing to take it out of the slab and it could match in consistency with the other raw coins in the same collection, then I would consider it.
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Pillar of the Community
United States
1215 Posts |
  These coins are about equivalent to me in terms of desirability. |
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Bedrock of the Community
Australia
21786 Posts |
ALL ancient coins recovered from burial need to be cleaned.
Some are corroded as well, can't do much about that!
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Pillar of the Community
United States
1189 Posts |
To each their own but I won't touch a "details" coin. That's not to say I don't have some cleaned coins raw in my collection that I've been tricked into buying though. I actually just watched a pawn stars where a guy brought in some old commerative gold coin that graded details. He offered a great price but the shop wouldn't buy it because it was cleaned (even though price was good).
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Valued Member
United States
294 Posts |
Before you buy a "details" graded coin, think ahead to the time you'll be selling the coin and consider whether the next person would want to buy such a coin. Personally, I wouldn't touch one.
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Pillar of the Community
United States
1314 Posts |
I'm working on a serious set of about 75 coins. I have 74 and have been looking for several years for the last one. I would consider a "Details" coin for my research until I could upgrade.
My world coin collection has lots of coins that would qualify as "Details." It doesn't bother me a bit. That's why I have a serious collection and one that is stress free.
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Replies: 11 / Views: 2,420 |
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Posted 10/28/2015 07:42 am
