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 Replies: 42 / Views: 4,134 |
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Valued Member
United States
111 Posts |
Any of you have this problem before? Anything you can do about it?
My father got me a coin a couple years ago that I put in a safe. I sent it to PCGS for grading. I wanted it slabbed
and protected/safe/not for sale ect. Curious to see what grade it would get.
Got my grade back and it came back Genuine UNC detail - cleaned. It's a 1909 VDB. Bummed when I seen that. It could of graded AU10 for all I care. But thought it would get a MS64-65.. Maybe even higher. It is a beautiful coin. But knowing the slab won't have a MS on it or a grade really. Kind of sucks. I heard cleaned coins are considered au58-ms60. Not sure if there is truth to that.
I'll hold on to the coin since it was a gift from my dad. But kind of annoyed coin shops can get away with doing stuff like this. If they sale an item for a premium, that item should be legit.
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Pillar of the Community
 United States
8938 Posts |
 PCGS has been handing out cleaned and questionable color designations like candy canes on christmas as of late |
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Pillar of the Community
United States
4691 Posts |
The coin shop may not have known it was cleaned. It's not a high priced or scarce coin, so don't let it bother you too much. If it is important to you to have a genuine uncleaned coin, then you should buy one already in a slab (and there are plenty of cleaned coins in them too).
Edited by jimbucks
03/23/2019 8:55 pm
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Valued Member
 United States
111 Posts |
So what you are saying is I picked a bad time to grade my coins? lol ;)
The coins are in the mail and should be here monday or tuesday and I'll post it. Seen the grades online.
Didn't do well on my others either. One did get a ms RD64. Which I think it should be a 67 or higher. It's mint under a microscope.
But I guess they seen something I didn't or they just didn't want my first graded coin to be worth $13000.00 lol
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Bedrock of the Community
United States
94367 Posts |
Let's start with pics, please.  |
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Valued Member
United States
111 Posts |
jimbucks: I think they cleaned it. It came from a company that ended up being shutdown for a ponzi scheme here in utah. My dads been going to them for decades too. He bought the coin from there. It's a nice coin. Happy to still own it. Would of been cooler if it got a MS68 or higher on it though lol.
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Bedrock of the Community
13014 Posts |
Quote:
Any of you have this problem before? Anything you can do about it? Depends how the coin was cleaned and how bad it is. Sometimes it can be conserved other times there's not really anything you can do Quote:
I heard cleaned coins are considered au58-ms60. Not sure if there is truth to that It's not. They can a lot of different grades. Quote:
The coin shop may not have known it was cleaned. While it's possible that is true, it's their job to know. Numerous shops sell details coins raw as problem free coins to get more money |
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Bedrock of the Community
13014 Posts |
Quote:
or they just didn't want my first graded coin to be worth $13000.00 lol They don't care about that. Quote:
It came from a company that ended up being shutdown for a ponzi scheme here in utah. That tells you all you really need to know about the situation |
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Pillar of the Community
United States
1005 Posts |
Quote:
I heard cleaned coins are considered au58-ms60. Not sure if there is truth to that. Depends on the severity of the cleaning - this could be true for a high MS coin that was just overdipped but still has luster. But in general UNC details cleaned coins are not considered anywhere near AU58 or MS60, value is often cut in half or more.. We'd need to see good photos of your coin to know if the coins were fairly graded. Oftentimes people think their coins are a much higher grade than they actually are. |
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Bedrock of the Community
United States
94367 Posts |
 What are we talking about? Pics please! |
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Valued Member
United States
111 Posts |
Coinfrog, I'll post pictures of the slab next week. They shipped out yesterday from PCGS.
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Valued Member
United States
111 Posts |
basebal21: The company was opened for something like 50+ years. It was one of, if not the biggest coin shops in utah. With it being in business that long. I'm sure they have coins in slabs all over the place that didn't get detected. Which is really bad for the hobby. I was hoping they sold coins legit and the ponzi scheme was a "side" business. But, looks like they were running a full blown operation. Look up Rust Rare Coins.
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Bedrock of the Community
13014 Posts |
Quote:
The company was opened for something like 50+ years. It was one of, if not the biggest coin shops in utah. With it being in business that long. I'm sure they have coins in slabs all over the place that didn't get detected. I saw the story. There's a reason why certain things are sold how they are. They didn't get doctored coins into slabs all over the place, the legitimate and especially the first tier TPGs aren't amateurs. It's sad what had happened, but there doesn't need to be a greater TPG concern out of it. The really tragic part is all the people that lost all that money. That's a good example of one of the things I have tried to explain for a long time but doesn't always get received well. Just because someone has a store or a table at the show, or is behind the counter doesn't mean they are honest or your friend or aren't trying to take advantage of you. Edited by basebal21
03/23/2019 10:11 pm
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Pillar of the Community
United States
7613 Posts |
That Utah coin shop WAS a reputable place at one time. I knew the founder and bought many coins from him back in the 80's when I lived in Utah. The place went to the toilet when some of his kids took over. Money does funny things to people; needing more money does even funnier things to people.
As far as the particular coin that your Dad gave you treasure it no matter what it grades. It's a gift.
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Valued Member
United States
111 Posts |
Baseball21: there should be a little concern about it though. I'm sure others are out there that bought coins from this shop. They haven't gotten them graded yet. Maybe sitting on them like I was. To then invest the money getting it slabbed, for it to be a cleaned, un-gradable coin. I spent about $220 just to get 4 coins graded. Plus what ever my dad spent on this. I think it was $40-60 dollars. So $280 for 4 duds lol.
westernsky: yea, I plan on keeping it forever. Like I said, I'd be happy if it said AU60 on the slab. But to say "cleaned" and that's it, is kind of a bummer. So if I ever show it to someone, I have to tell them the back story of this lame shop my dad got the coin from cause the first thing they'll ask is "why does it say cleaned".
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Bedrock of the Community
United States
10284 Posts |
If it bothers you that much, bust it back out of the graded PCGS holder.
While you have it out, study the surfaces of the coin under high magnification and excellent lighting to see the evidence of cleaning. Learn why they assigned the designation and then put it in a coin capsule for safekeeping.
I agree, it's still a nice sentimental gift.
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Replies: 42 / Views: 4,134 |
Posted 03/23/2019 8:54 pm
