Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Specializing in Modern Numismatics Vancouvers #1 Coin and Paper Money Dealer 300,000 items to help build your collection! Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Royal Estate Auctions - $1 Coin AuctionsCoin, Banknote and Medal Collectors's Online Mall Join Thousands of Coin, Bullion, & Money Collectors








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Do You Collect Cleaned Or Damaged Coins On Purpose?

To participate in the forum you must log in or register.
Author Previous TopicReplies: 37 / Views: 6,181Next Topic
Page: of 3
CCF Advertiser
Andrew99's Avatar
United States
1533 Posts
 Posted 04/05/2018  4:26 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
I buy holed coins. I know a dealer than is putting together a set of holed coins by denomination. I have bought and sold a number of holed Seated dollars, bust dollars, and bust halves. They always sell fast. You can buy a holed Bust dollar for $250 and sell it for $275-$300 faster than you can buy an MS-65 Walker and resell it for a $25 profit. I just bought a deal of 3 cent silvers, all holed.
Edited by Andrew99
04/05/2018 4:27 pm
Pillar of the Community
ron6788's Avatar
United States
655 Posts
 Posted 04/05/2018  7:49 pm  Show Profile   Bookmark this reply Add ron6788 to your friends list Get a Link to this Reply

Quote:
... I just bought a deal of 3 cent silvers, all holed.

That must be a teeny, tiny hole.
Thanks for posting, didn't know there was a sub-market for this type of thing.
CCF Advertiser
Andrew99's Avatar
United States
1533 Posts
 Posted 04/06/2018  12:55 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
Apparently, they made excellent bracelets and were widely available for 3c a piece .
Pillar of the Community
Lucky Cuss's Avatar
United States
4883 Posts
 Posted 04/06/2018  2:11 pm  Show Profile   Bookmark this reply Add Lucky Cuss to your friends list Get a Link to this Reply
If you collect ancients, some degree of cleaning and/or environmental damage is to be expected. Only the tiniest percentage of such will exhibit neither.

I'll buy a holed coin if it's rare and the price is right.

I always pick up any "lowballs" I come across just because, although technically they're not damaged.

A really heavily damaged coin always perversely piques my interest, especially if otherwise it'd be desirable and expensive. As an example of this last category, check out this Fugio cent -

Do-You-Collect-Cleaned-Or-Damaged-Coins-On-Purpose?

Do-You-Collect-Cleaned-Or-Damaged-Coins-On-Purpose?

Colligo ergo sum
Pillar of the Community
1c5d7n5m's Avatar
Belgium
1185 Posts
 Posted 04/06/2018  4:14 pm  Show Profile   Bookmark this reply Add 1c5d7n5m to your friends list Get a Link to this Reply

Quote:
I'll buy a holed coin if it's rare and the price is right.


this is what I do too
Pillar of the Community
Learn More...
tdziemia's Avatar
United States
7956 Posts
 Posted 02/23/2019  11:10 am  Show Profile   Bookmark this reply Add tdziemia to your friends list Get a Link to this Reply
Bumping this thread because I was just looking through an auction list where I am confronted with this choice.

This auction contains a collection of a single denomination which I collect, minted around 1600, 141 examples. Nearly every one grades EF or higher, a little over 10% are slabbed, but well over 50% of them appear to have been cleaned (how else do you explain bright silvery surfaces on 400 year old coins?).

This is followed by a group of 47 coins from the same era, same country. Fewer are cleaned, and 65% are slabbed (including a handful of "Details/Cleaned" examples).

My experience is that with this place and era, there are far more cleaned examples available of certain types than uncleaned. I have some of each in my collection already. So, to have more choices, I'll consider ones in that first group that have probably been cleaned.
Bedrock of the Community
sel_69l's Avatar
Australia
21788 Posts
 Posted 02/23/2019  5:01 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I collect ancient coins.
Almost all ancient coins have been cleaned at some stage or other. Those which have been recovered from earth burial all need to be cleaned. The exceptions to this maybe, are gold coins.

The extension to this is, is that I will usually buy cleaned modern coins, but we all recognize that cleaning reduces the value, and so a lower price must be negotiated. Because of this, some cleaned modern coins that are still quite attractive and can be picked up at bargain basement prices.
I am always on the lookout for such opportunities.

Scarce damaged silver coins can be often picked up at melt value, and thus can still can be quite collectible. That applies to British Maundy coins, where mintages sometimes are in the 100's only. These coins have often been used as jewelry, and thus are often found holed.
Same applies to U.S. silver Three Cents coins.
Edited by sel_69l
02/23/2019 5:07 pm
  Previous TopicReplies: 37 / Views: 6,181Next Topic
Page: of 3

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.28 seconds to rattle this change. Forums