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Buying A Cleaned Coin

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United States
25 Posts
 Posted 04/13/2016  07:23 am Show Profile   Bookmark this topic Add ronh308 to your friends list Get a Link to this Message Number of Subscribers
I have the chance to buy a slabbed liberty Seated dollar described as VF details for $250 I have looked at the coin on line and can live with the cleaning. My question is 250 too much?

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jerseyben's Avatar
United States
1211 Posts
 Posted 04/13/2016  07:29 am  Show Profile   Bookmark this reply Add jerseyben to your friends list Get a Link to this Reply
Probably a fair/average price but try to get it in the $200 range to get a better deal.
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CoinCollector2000's Avatar
United States
2563 Posts
 Posted 04/13/2016  07:59 am  Show Profile   Bookmark this reply Add CoinCollector2000 to your friends list Get a Link to this Reply
I would rather the coin not be cleaned though. The thought of it being "flawed" will kill the joy.
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BH1964's Avatar
United States
10982 Posts
 Posted 04/13/2016  08:20 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
It depends. In today's slower coin market $250 sounds high for a common date cleaned VF Seated dollar though.
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BStrauss3's Avatar
United States
4591 Posts
 Posted 04/13/2016  10:01 am  Show Profile   Bookmark this reply Add BStrauss3 to your friends list Get a Link to this Reply
It's really going to come down to what YOU, very personally, can be happy with. And you may find it's OK in one coin and drives you absolutely nuts in another.

Do

* Understand it will be harder to resell if you decided to do so
* Make sure you will be happy

Don't

* Obsess over what others think if you are happy



I find, for example, I can live much easier with 'bent' than 'cleaned'. But that's me and that's 3cs.

-----Burton
50+ year / Life / Emeritus ANA member (joined 12/1/1973)
Life member: Numismatics International, CONECA
Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club
Owned by three cats and a wife of 40+ years (joined 1983)

Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/
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GR58's Avatar
United States
11951 Posts
 Posted 04/13/2016  10:39 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
There are many levels of a cleaned coin.

To me
Some cleaned coins are more acceptable than others.

Also
A high VF can look better than a low VF.

And some Seated dollars are better dates than others.

So ... With just the information given, it would be hard to offer
an opinion on if $250 is a good buy.

But ...to help

If the coin has decent eye appeal and not harshly cleaned,
$250 could be a good price for filling a empty hole.
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UltraRant's Avatar
Norway
1358 Posts
 Posted 04/13/2016  11:29 am  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply
Well, there's cleaned and cleaned. How did they clean this one? or... 'how bad is it'? :)

I personally wouldn't mind if it's done gently and nothing too rigorous, but it's up to you. Also, from my perspective, $250 is maybe a bit much, but I haven't seen the coin and it's of course up to you to determine how much you want to spend.
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Connor's Avatar
United States
2130 Posts
 Posted 04/13/2016  11:32 am  Show Profile   Bookmark this reply Add Connor to your friends list Get a Link to this Reply
I think $250 is a fair deal if it is an upper end VF and has decent eye appeal. I would probably pass if it didn't have these two things going for it. People think a lot of their Seated dollars and they are not cheap.

I guess another question I have that would make a difference is what's the date?
Edited by Connor
04/13/2016 11:33 am
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TypeCoin971793's Avatar
United States
6370 Posts
 Posted 04/13/2016  12:50 pm  Show Profile   Bookmark this reply Add TypeCoin971793 to your friends list Get a Link to this Reply
I'm happier with my holed EF-45 Seated dollar than I would be with a problem-free worn slug of a Seated dollar. Both would cost about $100.

$250 is fine for an old, light cleaning, but anything harsh would be worth no more than $200.
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edweather's Avatar
United States
7375 Posts
 Posted 04/13/2016  1:50 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply
As long as I didn't feel upside down in it, and it didn't look too bad, then sure why not. $200 would be better though.
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billjones's Avatar
United States
1499 Posts
 Posted 04/13/2016  4:12 pm  Show Profile   Bookmark this reply Add billjones to your friends list Get a Link to this Reply
It all depends upon how bad the cleaning is. If the coin has been polished or the hairline scratches from the abrasive used to clean it are really bad the coin the can be worth less than $200. A light cleaning might not be that bad.

Some cleaned coins can still sell for decent money. I did not see this 1861 Proof dollar before someone ruined it. According to a dealer friend, it was a really nice original piece before some Bozo thought it would look better with white surfaces. The cleaning messed up the Proof mirrors.

This piece sat in my type set for a number of years before I upgraded it. When the time came to sell, I put it out in my case and a dealer snapped it up for $1,200. Since it sold so fast that might have been too cheap, but I was still happy to move it along to the next owner.

Buying-A-Cleaned-Coin Buying-A-Cleaned-Coin
Edited by billjones
04/13/2016 4:15 pm
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Coinfrog's Avatar
United States
94367 Posts
 Posted 04/13/2016  5:00 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
ronh308 - Looking back on more than 50 years of collecting, I have nearly always had trouble re-selling a cleaned (or damaged) coin unless it was scarce or rare. I suggest you not let price be your main guideline but consider whether, if this is for a type set, you really want a problem example. Whatever your decision, be sure you have return privileges.



to the CCF!
Edited by Coinfrog
04/13/2016 5:01 pm
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bpoc1's Avatar
United States
4078 Posts
 Posted 04/13/2016  5:39 pm  Show Profile   Bookmark this reply Add bpoc1 to your friends list Get a Link to this Reply
Very interesting discussion. Let me tag along.
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coinlover1899's Avatar
United States
3058 Posts
 Posted 04/13/2016  6:39 pm  Show Profile   Bookmark this reply Add coinlover1899 to your friends list Get a Link to this Reply
Is it on the bay?
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dsfreeworld's Avatar
United States
4337 Posts
 Posted 04/13/2016  8:40 pm  Show Profile   Bookmark this reply Add dsfreeworld to your friends list Get a Link to this Reply


Buying-A-Cleaned-Coin
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United States
20753 Posts
 Posted 04/13/2016  10:51 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
A bit high in price but if you like it, want, need it, so what.
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