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 Replies: 19 / Views: 4,676 |
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Pillar of the Community
Canada
586 Posts |
Hey guys, Let me know your thoughts on this coin. I will be bidding on it, in a upcoming auction. They are stating its MS-62 in a un-common slab. I believe it has been cleaned. Looking forward to your opinion and what you would pay for it? Thank you in advance. I'm currently at $450   |
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Pillar of the Community
Canada
1618 Posts |
I agree it has been cleaned.
For me, personally, I would stay away...every time I'd look at it I would know it was cleaned.
And it will be harder to sell in the future if need be.
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Valued Member
Canada
343 Posts |
Hard to tell from the photo - hoping this looks better in hand . . . Don't know if I will ever own a '48 but if I were to acquire one I think I'd spend the extra $$$ for one that I feel really good about.
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Pillar of the Community
 Canada
9862 Posts |
Not only has it been cleaned but it looks like it has been either mounted or encased.
"Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
United States
1475 Posts |
I usually don't comment on Canadian coins since I have a limited knowledge, but this coin has many problems.
Also, as DBM mentioned, it probably was a jewelry piece at one time.
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Bedrock of the Community
13014 Posts |
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Valued Member
Canada
125 Posts |
Look at all those micro abrasions :( That is too bad. Just from eye appeal alone I would stay away (not that I remotely have that kind of money though lol).
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Valued Member
Canada
324 Posts |
AU details. ugly coin though since its been harshly cleaned. I would stay away from it unless I got a crazy deal on it. pity when you see a rare coin like this thats been mistreated.
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Pillar of the Community
Canada
867 Posts |
Cleaned AU 50 or lower, not MS62 if that needed to be said.
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Bedrock of the Community
Canada
10743 Posts |
IMO, that coin is not worth what it's going to get..and, if your price is $450, I wouldn't go any farther.  |
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Pillar of the Community
Canada
1747 Posts |
I am not an expert, but with all those rim dings at 10 & 2 o'clock, along with all the wear/ scratches I would not consider this ms anything AU at the best, but I would not want to buy this coin in my opinion, unless it was a really good deal.
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Bedrock of the Community
United States
94367 Posts |
AU details, harshly cleaned. Not a fan.
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Moderator
 United States
23522 Posts |
"Uncommon" slab in what sense? In most cases, that would be defined as "untrustworthy."
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Pillar of the Community
Canada
2495 Posts |
Terrible coin....stay away.
On the plus side, any 1948 for $450 is worth it, but no way it'll sell for that amount.
Probably go for $800 to $1200 but consider yourself the lucky person who won't go home with it in your pocket.
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Pillar of the Community
Canada
2984 Posts |
Who is the grading company? I don't think any reputable grading company would give this coin MS62. On the other hand, the Charlton catalog gives the following value for the 1948 SD: VF20- $1200 EF40 - 1400 AU 50 - 1600 MS 60 - 1800 MS 62 - 2200 Looking at finished ebay prices, the ugliest 1948 silver dollars go for over $1000. Here are some finished prices - $1400, $1248, $1158, $1475, $1310 for low and ungraded coins. Not a single coin sold for less than $1000. If you can get it for $500-$700 you can easily flip it for a profit. You could easily sell it for over $1000. But don't pay anything near or over $1000 for it. Edited by MoneyPenney
12/05/2017 6:39 pm
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Bedrock of the Community
United States
94367 Posts |
I just don't think you'll ever be happy looking at this coin, whatever the price.
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Replies: 19 / Views: 4,676 |
Posted 12/04/2017 11:28 pm
