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Confused About Cleaned Coins

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jbuck's Avatar
United States
189406 Posts
 Posted 12/15/2016  3:29 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
This is one of those coins that were dipped a long time ago and retoned over nicely. I usually follow my gut feelings on coins and usually it's right. It's a matter of it being market acceptable or not more or less
I agree. She is very nice!
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flag4's Avatar
United States
869 Posts
 Posted 01/23/2017  6:10 pm  Show Profile   Bookmark this reply Add flag4 to your friends list Get a Link to this Reply
I have a story to share here on this subject. One of the coins from my late uncle's collection was this 1766 Pitt Token. For those who don't know about these, they were minted in England. On the obverse is William Pitt, the elder, who was Prime Minister at the time, who led the movement to abolish the Stamp Act.
Sometime in the late 90's, my uncle sent this coin to PCGS to be graded and slabbed. It was returned in a plastic flip, ungraded due to "environmental damage".
OK, it was a more than 200 year old copper coin which was filthy dirty, hard to see the details, but surely it has historical significance?
He left it that way and I eventually came to possession of it.
I brought it to a local coin dealer to get his opinion. He noticed it was rejected by PCGS, refused to even examine it, and told me it was worthless!
Figuring I had nothing to lose, it got a bath in Franklin Mint coin cleaner.
Much of the filth was removed and the details are more pronounced.
I haven't brought it anywhere to be re-appraised for fear of being told that I have now completely destroyed any value it apparently didn't have!
This whole clean or not clean thing is perplexing . .



Confused-About-Cleaned-Coins

Confused-About-Cleaned-Coins
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NH collector's Avatar
United States
127 Posts
 Posted 02/07/2017  8:47 pm  Show Profile   Bookmark this reply Add NH collector to your friends list Get a Link to this Reply
King Farouk of Egypt had a fantastic coin collection. He liked his coins cleaned. His coins brought lots of money at auction. Nobody cared.

Also, If you had an 1804 dollar, would a quick dip reduce its value?
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coin197's Avatar
United States
1963 Posts
 Posted 02/07/2017  8:49 pm  Show Profile   Bookmark this reply Add coin197 to your friends list Get a Link to this Reply
Coins that have been cleaned, I will dock 50% from their value.
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sel_69l's Avatar
Australia
21788 Posts
 Posted 02/08/2017  06:03 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Sometimes, I will prefer to buy a cleaned coin instead of an uncleaned equivalent, simply because it may appear to be more attractive.

The lower price has to be right, and take into account that it has been cleaned.
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flag4's Avatar
United States
869 Posts
 Posted 02/08/2017  10:28 am  Show Profile   Bookmark this reply Add flag4 to your friends list Get a Link to this Reply

Quote:
Coins that have been cleaned, I will dock 50% from their value.


I understand this, up to a point. An improperly or harshly cleaned coin should suffer depreciation. But what bothers me is that a grading service can charge you for a dip, call it "restoration" , then grade and slab it and everything is honky dory. But if you do it and submit the coin, you get cleaned with details and no rating.

I understand in the European coin market, they deal mostly with raw coins and don't buy into the certification thing like we have here . . just sayin'
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United States
384 Posts
 Posted 02/08/2017  10:35 am  Show Profile   Bookmark this reply Add Jolteon1698 to your friends list Get a Link to this Reply
What about in terms of gold coins, pre33. Is cleaning the kiss of deaths for resale and how does it affect value?

I've been looking at cleaned gold coins and even slabbed they are about $100 less; is it worth it to get a cleaned version vs save up for uncleaned?
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biokemist6's Avatar
United States
12437 Posts
 Posted 02/08/2017  12:49 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply

Quote:
But if you do it and submit the coin, you get cleaned with details and no rating.


Actually, if you dip a coin and dip it wrong(as most people do), you get the dreaded improperly cleaned notation.

If you dip a prime candidate coin correctly(neutralize the acidic dip, throughly rinse with distilled water), you will almost certainly receive a straight grade as it would if the coin had been professionally conserved.

Most coins are not good candidates for dipping and dipping must be done in a very precise way, you are paying for that "professional" expertise when it is done by a conservation service. Any old fool can dunk a coin into a jar of sulfuric acid and thiourea but you really have to know what you are doing to dip a coin correctly
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United States
1450 Posts
 Posted 02/08/2017  6:22 pm  Show Profile   Bookmark this reply Add terry8835 to your friends list Get a Link to this Reply
I have used Ezest on coins and dipped them for a couple of seconds and the result is really good. If that means a coin is cleaned who is making that judgement? It gets dirt and grime off the coin but that is about it.
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20753 Posts
 Posted 02/08/2017  8:38 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
As a general rule at coin shows I look for cleaned coins that have been greatly reduced in price. If not harshly cleaned, makes little difference to me as long as it looks OK to me. You all should remember that the one big thing about a cleaned coin is the value. By this I mean if you plan on selling coins, cleaning makes a difference. If you are like me and never sell or plan on selling a coin, who cares. What difference does it make if it is going to be in my collection until my end. And at that time, I really don't care. As long as a coin looks OK to me, it is none of anyone's business if cleaned or not. My coins are my coins.
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spru's Avatar
United States
12477 Posts
 Posted 02/08/2017  11:06 pm  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply


Unless you really plan on selling, dip it if you want and buy what suits your tastes/personal standards. Everyone collects in a different way.
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