A Cleaned Coin - Coin Community Forum

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Author	Replies: 8 / Views: 1,580
centsdimes Valued Member United States 134 Posts	Posted 12/05/2015 7:55 pm I am in need of a silver dollar, 1866-1873, for my type set. A dealer has an 1872 dollar that has been graded by a coin service as extremely fine details, cleaned. The Red Book and PCGS websites value such a coin at $600 and Numismedia at $640, before subtracting for the fact that it has been cleaned. My untrained eye can see no evidence of cleaning. It's just a neat-looking coin. What do you think I should be willing to pay for it? The dealer offered to sell it to me for $500, which seems expensive. Report this Post to the Staff

TypeCoin971793 Pillar of the Community United States 6370 Posts	Posted 12/05/2015 8:23 pm Ask if you can take pictures to post onto here to more opinions about the coin and its value. Report this Post to the Staff
GR58 Bedrock of the Community United States 11951 Posts	Posted 12/05/2015 8:33 pm If I was interested in a coin like your describing, for a start point on A price, I might look at greysheet and drop one grade. I don't have a greysheet right now. I am thinking VF greysheet price would be a good offer to start out, and see what the dealer will take. Report this Post to the Staff
TypeCoin971793 Pillar of the Community United States 6370 Posts	Posted 12/06/2015 08:55 am Let me add to my comment: The severity of the cleaning plays a HUGE role in the coin's value. If it has old, lightly-cleaned surfaces that have since retoned attractively, then 90-100% of full price is realistic. Now if the coin is harshly cleaned with a wire brush, 50-75% of the full price is realistic. ** full price here means the retail price of an undamages coin with the same details. Report this Post to the Staff
Imthealphaomega Pillar of the Community United States 3210 Posts	Posted 12/06/2015 10:53 am A common Liberty Seated dollar sells for around $500 according to greysheet right now. A very fine example sells around $370-380. I'd offer somewhere in that range. Maybe a bit more depending on how nice the coin looks. We'd love to see some pictures. Report this Post to the Staff
edweather Pillar of the Community United States 7375 Posts	Posted 12/06/2015 11:19 am Well, ol' cheapskate here says, if the retail value of the coin is 5-6 hundred, then I'm not offering more than $300. These seem to sell for a bit of a premium, but it's still a "details" coin. Not sure if you're fixed on an XF coin, 'cause there are some lower graded ones available for less. Report this Post to the Staff
centsdimes Valued Member United States 134 Posts	Posted 12/06/2015 5:32 pm Thanks for your advice, everybody, and I owe you an apology. I called the dealer and found out I was mistaken about the coin. It was an AU-50 details, not EF-40 details. (I was in a hurry and didn't study the coin properly.) I might buy the coin, but I've discovered a problem-free VF-35 dollar for $484 on the website of another local dealer, which I might rather have. Edited by centsdimes 12/06/2015 5:37 pm Report this Post to the Staff
dohcollector Valued Member Belgium 464 Posts	Posted 12/07/2015 10:47 am so for 16$ less you are willing to drop 2 grades on a coin? does not sound logical to me Report this Post to the Staff
centsdimes Valued Member United States 134 Posts	Posted 12/07/2015 10:36 pm It isn't the 16 dollars less. It's the "problem free" aspect. Report this Post to the Staff
	Replies: 8 / Views: 1,580

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