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Getting Prices Of Genuine(Not-Gradable)-Various Conditions

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mdpmedia's Avatar
United States
3546 Posts
 Posted 03/15/2016  04:22 am Show Profile   Bookmark this topic Add mdpmedia to your friends list Get a Link to this Message Number of Subscribers
Let's say, for example, two designations of the same coin exist in their own separate PCGS slab.

In this case assume we have an 1871 10C PR in two different slabs with each having a distinct PCGS label of:

1) Genuine, not gradable, cleaning, AU details and

2) AU50 (gradable)

* How would one determine the retail value of the aforementioned genuine coin and what on-line pricing guide(s) could assist with this determination?

* Do general price list guidelines exist in terms of established '% resale differences' when pricing out genuine (not gradable) in relation to their corresponding gradable coins as described above?

* Assuming we're talking about the same PCGS AU50 'gradable' coin in this example how would this AU50 gradable coin's retail price compare to the retail price of the same coin labeled as either a:

a. Genuine, not gradable, 'scratch', AU details or

b. Genuine, not gradable, 'PVC residue', AU details or

c. Genuine, not gradable, 'cleaning', AU details?
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edweather's Avatar
United States
7375 Posts
 Posted 03/15/2016  08:28 am  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
Imo, there is no set formula. It all depends on how much damage there is. Have seen the same labels on holders, but the coins had quite different degrees of damage. Buyers know this and seem to evaluate each coin on it's own. Not sure if that helps. Sometimes you can get a deal, but if the pics are good, everyone sees the same coin you do, and bids accordingly. Have cherrypicked a couple of 'details' coins, but not many.
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Biedercoins's Avatar
United States
1602 Posts
 Posted 03/15/2016  08:46 am  Show Profile   Bookmark this reply Add Biedercoins to your friends list Get a Link to this Reply
Reminds me of an experimental design question from graduate school.

First of all, are we talking about an actual coin and that it's a proof as you suggested by the PR notation? Proofs may be different animals and what I'm going to suggest might not apply. Anyway, start with getting a value for the clean coin. You'd look to a variety of resources including the the Blue Sheet [Grey Sheet for graded coins], auction results, sold listings on the Bay, the usual. Then you start subtracting from that value depending on what's wrong with the Details coin: "old cleaning" might not be as bad as "improper cleaning" or "tool marks".

I'm obviously not a professional grader so I don't know if the pros have established point penalties or if it is left to the discretion of the grader. Clearly you can't treat the details coin as a Raw coin, ignoring whatever caused the TPG grader to give the details pronouncement in the first place. Not in good conscience. In a way it probably is like an experiment where there are binomial decisions that lead to the final grade.

Edited by Biedercoins
03/15/2016 09:02 am
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moxking's Avatar
United States
17900 Posts
 Posted 03/16/2016  11:11 am  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
I understand that you would like to be able to establish a firm set percentage value on coins that were either details graded, or not gradable in comparison to an established price.

The number of people who will simply not buy a details coin is great. Usually it takes some time for a collector to establish a pattern of buying certified coins. Or, in a few cases, someone might buy encapsulated to break out (not a wise choice). In either event, you will see that most collectors who have switched to buying encapsulated either exclusively or a good percentage of the time are those who arrived at that decision because they are more comfortable with slabbed pieces.

This is especially true of buyers who purchase multiple hundred or thousands of dollar pieces. You will also find that once a collector has begun to buy encapsulated, it may eventually be considered their only option.

Problem details coins are almost exclusively attractive for one of three reasons: (a) It is a key date that would cost too much for a collector and having it in any slab at least assures authenticity the great percent of the time, or (b) There is such a huge price difference between a righteous coin (such as early bust issues) and a nice looking incorrectly cleaned piece that it's worth considering, or (c) the buyer thinks it's cheap and will bid or buy cheap.

Your attempt to give a percentage for the potential price of a righteous slab and one from the same company that has a problem is absolutely impossible.

As it should in all cases, it depends on the coin. Even in a righteous slab there are huge differences in price because of eye appeal.

Find an MS-65 Walking Liberty 1942-s or 1944-s with actual strong strike and it may easily sell for 2 or 3 times the average - and the list could go on an on.

The same is true of the details grade. The problem itself will determine what someone is willing to pay.

A scratch across the face will have few buyers, a scratch in the hair in the same direction as the hair, might be a good buy. Spotty terrible half cleaned "measles carbon spots" all over the coin as opposed to a light brush that has retoned as opposed to a harsh scraping, all types of cleaning, will also make a huge difference in value.

As is true of every type of details grade.

There is simply no fun and easy formula. It depends on how many buyers are eliminated from the potential buying pool more than anything else.
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trout1105's Avatar
Australia
7096 Posts
 Posted 03/16/2016  11:18 am  Show Profile   Bookmark this reply Add trout1105 to your friends list Get a Link to this Reply
I think it all depends if you can accept a details coin in your collection.
A lot of the details "Cleaning" coins are tough to spot the actual cleaning and are still easy on the eye.
I paid $85 AUD for this Trade dollar in a details "Cleaning" slab and I am comfortable with it

Getting-Prices-Of-GenuineNot-Gradable-Various-Conditions
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Andrew99's Avatar
United States
1533 Posts
 Posted 04/25/2016  10:53 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
I look at the coin and think if someone offered to give it to me or a problem free coin in various grades, what is the lowest grade I would take the problem free coin in? That is my value of the coin with the problem. Sometimes it is -1 grade, sometimes more.

I saw this Draped Bust half so harshly cleaned, it was shiny white and had nothing original about it. It had Unc details. I figured I'd prefer an original XF over it, but would probably take the coin over an original VF, so I valued it at around $800.

I saw a Bust Dollar that had had graffitti removed and was smoothed in the region of the repair. The coin was otherwise VF. It was being sold for VG money, so -2 grades. Minor cleaning or a rim ding would be, maybe -1 grade.
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