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 Replies: 11 / Views: 2,035 |
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New Member
United States
10 Posts |
I want to get a Draped Bust dollar (pre-1800) with the intent of potentially turning it into a set down the road. I've been looking on ebay and there seem to be several in the 1200 -1700 dollar range with a details grading ( https://www.ebay.com/itm/1798-Drape...m1438.l2649. The straight grades seems to be about $2500 for similar condition ( https://www.ebay.com/itm/1799-Drape...1438.l2649)- The ebay listing for this one is much more, but the PCGS value puts it at $2500. I've been watching the detail coins for a little while and they don't seem to sell. Do people typically avoid "problem" coins? Is this a typical price offset for a details grade? In terms of affecting value does a cleaned vs damage vs hole detail affect the value differently? I'm just getting back into collecting after not doing so for decades. Both coins above are beautiful to me, and if I can get the same grade but the coin was cleaned or damaged at some point (but I can't tell) why shouldn't I go for the cheaper version? Would I regret getting a details grade down the road? Thanks for you thoughts |
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Rest in Peace
United States
17900 Posts |
All great questions. First, I would strongly recommend going to Heritage and enter the details you are looking for concerning any coin type that is NGC or PCGS. You can tailor your question very specifically with a plethora of filters. Be sure to apply "most recent sold" as a qualification. You will be able to view many dozens, or more, past actual sales. While there see what they have for upcoming auctions. Remember that there is a 20% buyers fee, plus sales tax. So if you have a 5% sales tax and you want to spend $2000 you can only bid 2000 X .8 minus 100 or $1500. Also check Great Collections and Stacks. Those are my top three for $500+ coins. ebay will rarely under sell those sources for quality coins. |
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Rest in Peace
United States
17900 Posts |
Most collectors who buy details coins will often wish they had spent a bit more later for a righteous grade. If you are concerned with your purchase holding some retention of value I would advise against details coins.
While you may not be able to tell the difference yet, you will learn with practice how cleaned, or plugged, or strengthened coins appear.
The bottom line is really simple. Don't buy ANY coin until your jaw drops on your chest, your heart pounds, and you want to marry it. Buy what you absolutely love ONLY and you will love your collection even if it is fewer coins.
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Bedrock of the Community
United States
94367 Posts |
Couldn't have said it as well!   to the CCF! |
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Pillar of the Community
United States
1695 Posts |
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Pillar of the Community
United States
4692 Posts |
Depends on what the details are. For instance, I wouldn't purchase a details coin if it was altered, repaired, whizzed, tooled, plugged hole, harshly cleaned, etc. But if I was looking for a type coin example I would consider a cleaned details coin if it had nice eye appeal.
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New Member
 United States
10 Posts |
Quote:
Don't buy ANY coin until your jaw drops on your chest, your heart pounds, and you want to marry it Words to live buy in just about any situation.. thanks. |
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New Member
United States
10 Posts |
Quote:
Remember that there is a 20% buyers fee Ouch, that seems excessive or maybe I just not familiar with auctions, but don't sellers usually pay the fees? |
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New Member
United States
10 Posts |
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whizzed OK, I'll be the newb, what is "whizzed?" I've seen this on some coins and thought "nah, can't be what I think it is  " |
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Moderator
 United States
34402 Posts |
First welcome to CCF and welcome back to coin collecting. Quote:
don't sellers usually pay the fees? Hmm, I don't think so--at least not in the auctions that I seem to frequent. Quote:
whizzed from our glossary (near the top left of your screen): Quote:
whizzing
Term to describe the process of mechanically moving the metal of a lightly circulated coin to simulate luster. Usually accomplished by using a wire brush attachment on a high-speed drill. "If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Rest in Peace
United States
17900 Posts |
Different sellers apply different buyers fees. Stacks - 20% + 0 sales tax. ebay - 0 buyers fee, sales tax deducted from sellers collection. Heritage 20% + sales tax. David Lawrence - no buyers fee, sales tax added. Great Collections - 10% buyers fee, No sales tax yet. But it really doesn't matter. Decide your maximum bid and divide by fees to equal final expenditure. Snipe ebay auctions if it's a true auction. |
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Pillar of the Community
United States
3402 Posts |
Looks as though at minimum it's had a prior cleaning and is retoning (naturally?).
KK
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Replies: 11 / Views: 2,035 |
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Posted 06/23/2019 6:07 pm
