| Author |
 Replies: 29 / Views: 3,455 |
|
New Member
United States
5 Posts |
|
|
|
|
Pillar of the Community
United States
4897 Posts |
I would not have an issue buying this example at that price. "Details" designation has to be considered according to each individual coin. There is no blanket statement as to value based on a details a grade. This one has great eye appeal and at a 40% discount is fairly priced. imho
|
|
Rest in Peace
United States
4078 Posts |
 But, it is still a damaged coin. Nice one for your own collection as for future value I do not know. |
|
New Member
 United States
5 Posts |
Thanks amida. Getting back into coin collecting after being out for a long time, so there is a lot I don't know. Going to think about this one for a bit, but might pull the trigger over the weekend!
|
|
Pillar of the Community
United States
4468 Posts |
As a general rule smart collectors do not buy detail coins as they can be harder to sell, and often require a strong discount to sell the coin. If the coin is truly rare, buying a detail coin can be a good buy. If you can afford it with your budget, you are better off with a none problem coin. For the date and grade of your coin, there are coins available that are problem free. I do agree that this details coin does have nice eye appeal, but I would find one just as nice problem free.
|
|
Pillar of the Community
 United States
5828 Posts |
I would buy it for that money...
|
|
New Member
United States
5 Posts |
So would most of you prefer this coin to the one I first posted? I know this is somewhat subjective, but hearing different opinions is helpful to me. Thanks!   |
|
Pillar of the Community
United States
4468 Posts |
Are these coins the same price?
|
|
Pillar of the Community
United States
5828 Posts |
Thats what I want to know... |
|
New Member
United States
5 Posts |
Both priced within a few dollars.
|
|
Pillar of the Community
United States
4337 Posts |
Its a toss up. There are advanced collectors that would snub the details coin and take the VG10 for the same money when considering resale especially. I think that details coin is wonderful original surface and it would make an excellent hole filler for a 7070 type album. So depending on what you accomplish for your long game is the answer.
|
|
New Member
United States
6 Posts |
Why does nobody come right out and say it...the first coin is plugged...correct me if I'm wrong, but I assume that means it once had a hole drilled in it, and at some point, the hole was filled. That's not just an improperly cleaned coin, that's a repaired coin...a big time repair. I'll gladly buy "improperly cleaned" examples of extremely rare coins deemed "details" by the grading companies, so long as they retain key details (e.g., the date and mint mark must be perfectly intact) and are not harshly cleaned, but never holed coins that have been plugged.
|
|
Bedrock of the Community
United States
10982 Posts |
The VG10 coin is cleaned as well. If it had more original surfaces I would consider it before the VF details piece. If someone ask me what those coins are worth I would go $1200 on the VF details piece (which actually looks close to XF details) and $1300 on the VG10 piece which has surfaces that are less than desirable.
|
|
New Member
United States
44 Posts |
Not being a collector or knowledgeable poster here I offer this. The detailed coin is a buy for me. The details show how beautiful she is. You can own it and still look for the one you truly desire. The worn coin really is not that admirable.
|
|
Pillar of the Community
United States
6478 Posts |
|
|
Pillar of the Community
United States
1215 Posts |
Quote:
Not being a collector or knowledgeable poster here I offer this. The detailed coin is a buy for me. The details show how beautiful she is. You can own it and still look for the one you truly desire. The worn coin really is not that admirable.
champco, I think you are a little confused with what "details" means. You made another post in https://goccf.com/t/243306, also implying that you think a "details" designation is a coin with greater details. Actually, details means the coin has some kind of problem (cleaning, corrosion, damage, alteration to surface) and is not a grade at all. In fact, a coin with "details" designation is always worth less than its counterpart with a numerical grade. Details grades were created by ANACS (A very early coin grading company) to be able to authenticate coins even if it has problems. Let's look at what a details designation means with an example:  This designation as you can see is "Damage - G Details." What this means is that while the coin has the same DETAILS (as in the amount of wear) as a regularly graded Good Indian Head penny, it also has a problematic condition that precludes it from being graded, which in this case, is the obvious damage. Because of this damage, the coin is worth much less than a same coin that is graded G04 or G06; the price can drop to as low as 10% of the original price, amounting to a 90% discount. Here is a regular G06 coin for comparison. Note that it does not have Details. That's because this coin is not damaged and is an original coin.  |
| |
Replies: 29 / Views: 3,455 |
Posted 11/06/2015 4:36 pm
