| Author |
 Replies: 16 / Views: 3,415 |
|
Valued Member
United States
475 Posts |
From all my research so far, the recommendations are to look for problem free coins and to get the highest grade you can afford.
Clearly, a "details" coin has problems. So, who buys details designated coins? Someone on a budget who is looking for key date coins?
|
|
|
|
Moderator
 United States
14463 Posts |
I have bought details grade coins for a couple of the rare coins. I wanted to fill the hole in my album, and I am not really concerned with the grade or not grade.
|
|
Pillar of the Community
7234 Posts |
|
|
Bedrock of the Community
13014 Posts |
Plenty of people do, yes budget collectors are a main source. Not every details coin is the same either some are a shame to see that Scarlett A on them and others are really bad. People who love to crack coins out for albums should strongly consider details coins with a good look.
There's a bunch of reasons, and strictly raw collectors have more of them than they think.
|
|
Pillar of the Community
United States
8715 Posts |
People often buy them for key dates. For example, someone looking to purchase a Draped Bust dollar may not have the budget for a straight grade coin. They might buy a Details coin instead, so they can have an example in their collection.
|
|
Bedrock of the Community
 United States
12477 Posts |
I don't buy many graded coins and as of yet have not had a need to consider a Details coin. I can certainly understand it from a price perspective, and many technical Details coins look pretty good.
If it's being purchased to crack out, then that's another reason to consider them. There are many coins that I would like to own, but could only afford low-grade Details examples (Fugio cent is one). It doesn't matter about the grade, because the history of the piece is more important.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
|
|
Pillar of the Community
United States
3479 Posts |
Me! I buy pre1805 large cents with ED and other light damage for resale. There is strong market demand for those.
Most folks can't plop down 1k for problem-free examples of early copper. Yet they can afford vg - low-vf details coins which exhibit better device details than about-good examples.
|
|
Bedrock of the Community
United States
12057 Posts |
In EAC we buy them then set them free and net grade them :P
Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
|
Valued Member
New Zealand
148 Posts |
I do. Unless you've got very deep pockets, the collecting of Draped Bust Large Cents necessitates a bit of compromise. A "details" coin can still have excellent eye appeal.   |
|
Pillar of the Community
United States
6370 Posts |
I have bought details-graded coins before. Some were graded problem-free upon resubmission. Some I sold for more money raw because people are more leery to buy a details-graded coin than a details coin raw.
|
|
Pillar of the Community
United States
3479 Posts |
Quote:
the recommendations are to look for problem free coins and to get the highest grade you can afford. I couldn't disagree with the latter part of this 'recommendation' more. Bad, Bad, bad advice. Don't fall into that trap. It's not about the highest grade you can afford. It's about finding the highest quality coin you can afford. |
|
Pillar of the Community
United States
4085 Posts |
I've bought details coins with good eye appeal as crackouts for an album. There's been a couple where I've thought "details? not sure about that". TPGs are not always perfect. Here's one of my better details purchases:  PCGS "Smoothed". Not entirely sure what that even indicates but I got it for a fraction of a non-details coin - like 1/4 the cost. I'm on a budget and sometimes compromises must be made... |
|
Valued Member
 United States
475 Posts |
Do the TPG's tell the submitter what the "details" were? |
|
Pillar of the Community
United States
533 Posts |
Ya. A details coin will be graded and then "details" will be given. An XF coin with corrosion would be. "XF Details - Corrosion"
|
|
Pillar of the Community
United States
8715 Posts |
It used to be that PCGS would just say "PCGS Genuine" on the slab. Now, they list the reason for the details grade on the slab.
|
|
Rest in Peace
United States
17900 Posts |
Which course of action to take concerns the coin for the grade, type of details, and eye appeal as a three part combination. As MikeF mentioned, their is little stigma in buying early copper that is detailed. The same is true for many early denominations and types.
But you decide the importance of those three parts. There is no such thing as a "percentage" of value compared to any non detailed comparison.
There are those who never consider possible resale.
For those of us that do, the number of collectors who wouldn't desire the coin is an essential consideration.
|
| |
Replies: 16 / Views: 3,415 |
Posted 04/28/2018 11:08 pm
